Triumphant Plutocracy – Episode #6


An insiders view on how bankers, corporations, and lawyers took over the United States Government and became the “Rulers of America” during the Gilded Age.  Written with true authority by a man who had a front row seat for it all, R. F. Pettigrew was the first senator from the state of South Dakota, and he made no friends during his time in the US Congress. These are his memoirs.

In this episode – Continued reading of Triumphant Plutocracy by Richard Franklin Pettigrew,  including Chapter VII: Railroads.  Railroads Were the Most Aggressive Interests in America.  Pettigrew Operated a Small Railroad in South Dakota.  Trusts Grow Out of Demonetization of Silver.  The Revolving Door Between Railroads and Government.  Railroads Cheat the Government on Mail Volume.  They Use Congressional Documents to Add Extra Weight During Weighing Season.  Postal Service “Unwittingly” Helps the Railroads Defraud the Government.  Railroads Charge Discriminatory Rates, Put Burden on the Poor.  Rich and Influential Customers Ride the Rails on Free Passes.  Standard Oil Uses Discriminatory Rates to Conquer the Competition.  Railroads Over Capitalized.  Rampant Securities Fraud and Manipulation By the Railroads.  The Notorious Credit Mobilier Scandal.  Congress Appoints Committee to Re-Structure It’s Mortgage On the Railroads.  Committee Packed With Railroad Agents.  They Swindle the Tax Payers Out of $100,000 Per Mile.  Anti-Trust Laws No Match For the Railroads.  New York Judge Declares That Most Every Judge In the State Has a Conflict of Interest On Railroad Cases.  Pettigrew Introduces Senate Bill No. 1770, Railroad Nationalization.  The Immense Concentration of Railroad Stock in a Few Hands.  Morgan and Rockefeller Dominate the Railroad Industry.  Pettigrew Calls For Railroad Owners to Be Jailed.  Long List Railroad Frauds During the Civil War.  Government “Takes Over” Railroads During War.  Tax Payers Forced to Guarantee Stock Dividends On Fraudulent Stock.

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