THE FARMER'S TFAR AGAINST MONOPOLIES. 203 



WILD-CAT RAILROAD LANDS. 



and, foreseeing that the road will not be able to pay the 

 interest on its bonds for some time, take advantage of 

 the eclat which attaches to all new enterprises, and sell 

 their stock at the earliest possible moment. The amount 

 received is clear gain to them, for the stock has cost 

 them nothing. Should it sell for only fifty cents on the 

 dollar, it is fifty cents clear profit, for they paid nothing 

 for it. The people built the road, and the stock is the 

 reward of the originators of the scheme. Herein lies 

 the profit of railroad building. "What does the incorpo- 



