THE FARMER'S WAR AGAINST MONOPOLIES. 205 



IN THE TUNNEL SIERRA NEVADA. CENTRAL PACIFIC RAILROAD. 



able section, and only where it is actually needed ; but 

 since it costs him nothing, and affords him the means 

 of obtaining a large sum of money for his stock, it 

 matters little what becomes of the road after the stock 

 is sold. 



And so, year after year, the practice of building use- 

 less roads, and roads of doubtful profit, goes on. The 

 country is flooded with worthless railroad bonds, which 

 are advertised and puffed by bankers and newspapers, 

 and which unwary people purchase, only to find their 

 investment entirely the reverse of what was represented 

 to them by the firm disposing of the bonds. The legiti- 

 mate business of the country is crippled by the with- 



