Quote:
Originally Posted by dippin
Oh, and you are reading wikipedia wrong. Most railroads were privately built, but were funded with municipal bonds and supported via added legislation. Most of the early railroad company were chartered by legislation, were partially owned by the municipal or state government that chartered it, and were exempted of taxes.
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A bit off track (so to speak), but...
didnt the government use (dk would probably say abused) the power of eminent domain to the benefit of private railroads and their stockholders?