What is the basis of the railroad’s power for unrestrained exploitation? Unquestionably it arises from its exclusive franchises, inherent in its rights of way.
Mr. J. Pierpont Morgan and others of his class do not derive their unearned revenues from their power to tax. But whence this taxing power which affects every user of their several products?—Monopoly of franchises, monopoly of mineral resources, such as mines, quarries, etc.? What is the source of the Standard Oil monopoly?—Its ownership of oil land or enough thereof to force independent owners to sell on the company’s terms, and its consequent power to force railroad discriminations in its favor? Where did the beef trust and other industrial corporations derive their monopoly power? Railroad rebates—“the big pistol”—railroads with their monopoly franchises. And the railroad monopoly and these other breeds will be extinct in an instant. End land monopoly and make railroad franchises common property and the railroad monopoly will be at an end. Had not the Amalgamated Copper Co. controlled the majority of the copper-bearing lands of the world, “The Story of Amalgamated” would never have been told.
Referring again to the railroads, was it not largely the great land grants donated to them by our Government that were the beginning of their power? These grants operated in two ways to the advantage of the railroads. First, they greatly increased the wealth of the railroads, and, second, they diminished the power of the people by diminishing the area of land open to settlement.
“Land is plentiful and it is cheap. The country is dotted with abandoned farms that can be had almost for the asking.” You say “almost for the asking.” This implies that he who takes these farms must pay something to him who has “abandoned” them. Why almost? Why not take them, as in the case of the primitive tribesman, without asking? You state that they have been abandoned because the owner could not make a decent living upon them. Then why make the condition of the next owner more hopeless by levying tribute against him for the use of a worthless farm?
Make land common property, safe-guard the interests of all by assuring to each land-holder perpetual use, providing he pay his equitable share into the common treasury—which in each case would be the increment of value. Then “abolish all other forms of taxation.” This will secure every one in the enjoyment of his labor’s product, will abolish monopoly and the individual or corporate taking power, vicious tariffs, and all. This is all you have demanded.
Your demand is a just one, but—as I trust you may be brought to see—your remedy is superficial and cannot be made effective. You must dig in deeper soil, else your laudable efforts are vain. The abrogation of offensive legislative enactments and the enactment of other statutes dealing with effects will avail nothing. Nothing save the rooting out of the mother of evils can possibly accomplish the end for which you are so courageously and manfully striving.
Your work is a noble one, and its power for good is measured only by the number of people whom you can reach. I admonish you to give the land question thorough and painstaking investigation. I trust you will bear with me for what may seem excessive frankness. But you are not looking for bouquets, but simple, unembossed truth. When I say to you that in my opinion you have not familiarized yourself with the philosophy you are attempting to refute, you will accept this criticism in the broad view of public interest.
I have gone into greater detail in my comments upon your editorial than I expected to go in the outset, but it has seemed advisable, in order to get a clear view of all the points raised by you. However, I trust I have not gone beyond the limit of the space that may be available.
A VETERAN REFORMER HITS THE TARIFF HARD