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able abuses according action advantage afford banks become benefit better bias capital cent Chapter combination common companies competition contraction course deal demand direction discussion dollar duty economical effect equal evil fact fair fall favor feel forces give gold greater hand higher human hundred improvement income increase individual industries intelligent interest justice kind laborers land legislation less limit maintain masses means measure methods mind monopoly natural necessary never organization political poor possible practical present principle production profits protection question railroad rates reason reform regard regulation requires resist result rich rings saving says secure Senate silver society strong taxation taxes things thought tion true wages wealth wrong
Page 11 - ... monopoly, is sure to acquire not only the reputation of understanding trade, but great popularity and influence with an order of men whose numbers and wealth render them of great importance. If he opposes them, on the contrary, and still more if he has authority enough to be able to thwart them, neither the most acknowledged probity, nor the highest rank, nor the greatest public services, can protect him from the most infamous abuse and detraction, from personal insults, nor sometimes from real...
Page 16 - And the same shall be received at par in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except duties on imports; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Page 12 - I thought the predominance of the aristocratic classes, the noble and the rich, in the English . constitution, an evil worth any struggle to get rid of; not on account of taxes, or any such comparatively small inconvenience, but as the great demoralizing agency in the country...
Page 3 - I should find it difficult to resist the conclusion, that however the labourer has derived benefit from the cheapness of manufactured commodities, and from many inventions of common utility, he is much inferior in ability to support a family, to his ancestors three or four centuries ago.
Page 133 - Thus the alleged homogeneity of national character is abundantly exemplified. And so long as the assimilating influences productive of it continue at work, it is folly to suppose any one grade of a community can be morally different from the rest. In whichever rank you see corruption, be assured it equally pervades all ranks — be assured it is the symptom of a bad social diathesis. Whilst the virus of depravity exists in one part of the body politic, no other part can remain healthy.
Page 83 - ... I think, as both these bills admit, just two things: First, extortion, the charging, especially for local freight, of unreasonable rates, thus unduly burdening the local traffic for the maintenance of the railway; and, secondly, and chiefly, discriminations between shippers of the same class. ' ' ' Mr. President, I do not stop to prove the existence of these evils. They are confessed of all fair men. I do not stop to prove — for proof is not needed — that the railroad companies, by these...
Page 83 - The principle of the public regulation of railway corporations is a wise and salutary one for the protection of all classes of the people, and we favor legislation that shall prevent unjust discrimination and excessive charges for transportation, and that shall secure to the people and the railways alike the fair and equal protection of the laws.
Page 12 - Secondly, and in a still greater degree, because the respect of the multitude always attaching itself principally to that which, in the existing state of society, is the chief passport to power; and under English institutions, riches, hereditary or acquired, being the almost exclusive source of political importance; riches, and the signs of riches, were almost the only things really respected, and the life of the people was mainly devoted to the pursuit of them.
Page 136 - Liberalism if they increase such restraints beyond those which are needful for preventing him from directly or indirectly aggressing on his fellows — needful, that is, for maintaining the liberties of his fellows against his invasions of them : restraints which are, therefore, to be distinguished as negatively coercive, not positively coercive.