14 CONTENTS. 



The Eailroads demoralizing the whole Country The New York 

 Herald's Picture of the United States Senate Food for Patriotic Eeflec- 

 tion Eailroad Senators 174 



CHAPTER X. 

 THE GEEAT EAILEOAD PANIC. 



A Eailroad Gamblers' Plot The New York Gold Clique make War on 

 the Farmers The Attempt to lock up Money Trouble in the New 

 York Stock Market A Eailroad the first to succumb The Money 

 Market on the 17th of September Scene in the Stock Exchange The 

 Panic begins Failure of Jay Cooke & Co. Effect of the Failure The 

 Stock Market demoralized Eun on the Union Trust Company More 

 Suspensions Worthless Eailroad Bonds the Cause of the Trouble 

 Spread of the Panic throughout the Country The United States Gov- 

 ernment offers Aid Suspension of the Union Trust Company A Eail- 

 road the Cause of the Trouble The Stock Exchange closed An 

 Anxious Sunday The Eailroad Gamblers demand that the United 

 States Treasury be opened to them Firmness of the Government The 

 Panic subsides Its Lessons A Warning to the Country 183 



CHAPTER XI. 

 WILD CAT EAILEOADS. 



False Assertions respecting Eailroad Property Eailroad Building a profit- 

 able Work Useless Eailroads Why they are built Theory of Wild 

 Cat Eailroad Constructors Forming the Company A Specimen Enter- 

 prise A Share of the Public Lands How to raise Money to build a 

 Eailroad Disposing of the Bonds Where the Money comes from 

 "Judicious Advertising" Bribing the Press The Eeligious News- 

 paper Press the best Friend of the Wild Cat Eailroads The Eoad in 

 Operation What becomes of the Stock Where the Profit lies The 

 Crime of the Bankers A Confidence Game How to stop Wild Cat 

 Eailroad Building 198 



CHAPTER XII. 

 THE CASE OF THE NOETHEEN PACIFIC EAILEOAD. 



The Eoad chartered by Congress An Imperial Gift of Land The Nation 

 robbed of Fifty Million of Acres Eoute of the Eoad Character of 

 the Country through which the Eoad is to be constructed A Wilder- 

 ness Popular Doubts respecting the Success of the Eoad The Capital 

 of the Company How it was to be raised The People to pay for the 

 Eoad The Stockholders to receive all the Profits The Bonds of the 

 Northern Pacific Eailroad declined in Europe A " Popular Loan " 

 inaugurated Jay Cooke & Co. undertake its Negotiation A Terrible 



