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Above all else, we must strive to keep the highways of commerce open to all on equal terms; and to do this it is necessary to put a complete stop to all rebates.
The stockholders had received six per cent on their investment, a reserve fund had been laid aside, and every month the member-patrons had received rebates on the food eaten of from six per cent to sixteen per cent. At the end of the second year the third branch, larger than either of the others, located in the Wall Street business section, had been in operation for three months.
These two gentlemen conferred two priceless favors upon the struggling enterprise. They became large purchasers of steel rails and their influence in this direction extended far beyond the Pennsylvania Railroad. What was perhaps even more important, they gave the Carnegie concerns railroad rebates.
The discrimination shown in rebates was in total contempt of all the statutes. Under the laws of the state it was also a distinct violation of certain provisions recently passed by the legislature to prevent railroad trusts.
The transactions which took place under this illegal contract were very large; the amounts of rebates returned were considerable; and the amount of the rebate itself was large, amounting to more than one-fifth of the entire tariff charge for the transportation of merchandise from this city to Detroit.
Roosevelt did not propose that this condition should continue to be the fault of the Government while he was at its head, and he inaugurated a vigorous campaign against railways that had given rebates and against corporations that had accepted or extorted-them.
Then the secretary butts in my idea is he's been kind of keeping in the background, see and he's the daughter's husband all the while, see? and he tells the old codger how he's got some of his some of the old fellow's papers that give it away how he done something that was crooked some kind of deal rebates and stuff, see how I mean? and the secretary's going to spring this stuff on the newspapers if the old man don't come through and forgive them; so of course the president has to forgive them, see?"
"They accuse me now of having indulged once in the same practice, for which I am condemning them. Our company did accept rebates, and we sought favours from the city government. I have confessed it freely on the platform. Even during my first few months in the council what may be called the old political practices seemed natural to me.
Because corporations like the Boyne corporation are a part of a network of interests, these corporations aid the Railroad to maintain its monopoly, and in return receive rebates." Krebs had raised his voice as the murmurs became louder.
There were "rate-wars," "cut-rate sales," secret intrigues, and rebates; and there were subterranean passages some, indeed, scarcely under the surface to council chambers, executive mansions, and Congress. There were extreme fluctuations of industry; prosperity was either at a very high level or depression at a very low one.
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