It does not mean that the income from property must be spent
in the particular locality where the property is located. It does not
mean, in short, that there shall be any restrictions placed upon the
individual in any way outside of limiting him to the ownership of
$100,000. With that he can do as he likes, and go where he likes -
title-hunting if he wishes, when he will be sure to find many bargains,
for it is our impression that there will be a slump in that market when
the American millionaire is no longer found among the bidders.
To the United States Government must be left the winding up of the
affairs of the railroads, and all other paper-represented property,
as it is obvious that she can do it much better than the many States of
which the country is composed; and the before mentioned excess shall
then be turned over to the different counties where the railroads are
located, each county to receive in proportion to the value of the
railroad property within her limits, and not according to the number of
miles.
President Huntington does not own all the stocks and bonds of the
Southern Pacific, but for illustration sake we will assume that he does.
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