by Nola_Lifer on Mon Nov 19, 2012 12:45 pm
"The first transcontinental railroad was build with blood, sweat, politics and thievery...The Central Pacific...spent $200,000 in Washington on bribes to get 9 million acres of free land and $24 million in bonds" then they paid a construction company, which they owned, $79 million an overpayment of $36 million.
The Union Pacific "had been given 12 million acres of free land and $27 million in government bonds. It created the Credit Mobilier company and gave them $94 million for construction when the actual cost was $44 million. Shares were cold cheaply to Congressmen to prevent investigation."
These men certainly didn't want to fight for America. "Morgan had escaped military service in the Civil War by paying $300 to a substitute. So did John D. Rockafeller, Andrew Carnegie, Phillip Armour, Jay Gould, and James Mellon."
"John D. Rockefeller...decided that, in the new industry of oil, who controlled the oil refineries controlled the industry. Standard Oil Company of Ohio, made secret agreement with railroads to ship his oil with them if they gave him rebates on their prices, and thus drove competitors out of business."
"And so it went, in industry after industry...businessmen building empires, choking out competition, maintaining high prices, keeping wages low, using government subsidies. These industries were the first beneficiaries of the 'welfare state.' By the turn of the century, American Telephone and Telegraph had a monopoly on the nation's machinery, and in every other industry resources became concentrated, controlled. The banks had interests in so many of these monopolies as to create and interlocking network of powerful corporation directors. According to a Senate report of the early 2oth century, Morgan at his peak sat on the board of forty-eight corporation; Rockefeller, thirty-seven corporation."
These are the men you want to idolize? They are the reason we are in the predicament we are in now.
One more thing; "While some multimillionaires started in poverty, most did not. A study of the origins of 303 textile, railroad, and steel executives of the 1870s showed that 90 percent came from the middle- or upper-class families. The Horartio Alger stories of 'rags to riches' were true for a few men, but mostly a myth, and a useful myth for control."