James Baird Weaver Quotes


Rigid regulation of inter-State commerce is needed.


Context

Weaver was ahead of his time. 7 years later, Congress would pass the first Interstate Commerce Act that began to regulate the railroads. Many others would follow.


Citations

James Baird Weaver, 1833–1912, U. S. Congressman (Greenback Party, IA), Twice Presidential Candidate, Greenback Party and then The People’s Party (Populists), Presidential Campaign Speech, 1880

Sourced by: Eigen's Political and Historical Quotations

Related Quotes

During The Depression although business in general was doing very poorly, there were a few which had grown immensely powerful and abused the power as there was little or no regulation at the time.


The Chief Justice refused to accept the previously established legal precedents of other states which would limit considerably the right of the state to regulate corporations. As a result Wisconsin became one of America’s pioneers in regulating corporations which over 25 years later, Theodore Roosevelt was to do for the nation as a whole. The phrase “empire within an empire,” the translation of the Latin that Ryan used, has often been quoted to describe the power corporations had at that time.


To the modern reader utterances such as this from a Conservative Prime Minister seem astounding. However, the Great Depression existed in Canada as well as the United States, and Franklin Delano Roosevelt was not the only world leader who would reach the conclusion that business and capitalism must be profoundly regulated and the system changed if it was to be saved.


in the Meltdown of 2008 Gramm was one of the most ideological deregulators in Congress. As the Meltdown of 2008 hit, he immediately made this statement when few people even knew the extent of what had happened, much less why it happened. Gramm’s instant absolution of deregulation as one of the causes is a classic case of denial. There were few economic issues of controversy that did not contribute to the totality of causes. And a few years later Gramm was one of the very few ideologues who still believed that deregulation did not have a role in the Meltdown and the Great Recession that followed. For a contrast from the expert in his own party, see {638023}.


This is a very important historical quotation because it clearly stated the left wing view of regulation. Large Business had been so unethical and illegal at the time that the majority of Americans and Congress, together with a Republican President, thought that it would be good to “weld” the growth and development of large companies to the Government. The right wing saw this as extreme Communism. Over time, when corporate greed and excesses had been controlled by government and was not as prevalent, the inhibition on growth and development of welding corporations to Government was recognized and a period of deregulation followed with most Americans not wanting to allow large companies to be completely deregulated and also not wanting them welded to the government. The extent of regulation has been the political contest with the extreme left and extreme right still holding to their ideological positions and sometimes paralyzing the middle as in the Obama administration.


The first part of this quotation has defined the attitude of most Americans towards private enterprise and government since then. The second part of the quotation—the undesirability of public ownership of railroads has given way to the modern problem that no passenger railroad can be operated profitably by anyone—private or public. So Roosevelt’s “far-reaching disaster” was finally complete with the Federal Government taking over responsibility for Amtrack.


James Baird Weaver
James Baird Weaver
  • Born: June 12, 1833
  • Died: February 6, 1912
  • Nationality:
  • Profession:

James Baird Weaver was a member of the United States House of Representatives and two-time candidate for President of the United States. Born in Ohio, he moved to Iowa as a boy when his family claimed a homestead on the frontier. He became politically active as a young man and was an advocate for farmers and laborers. He joined and quit several political parties in the furtherance of the progressive causes in which he believed. After serving in the Union Army in the American Civil War, Weaver returned to Iowa and worked for the election of Republican candidates. After several unsuccessful attempts at Republican nominations to various offices, and growing dissatisfied with the conservative wing of the party, in 1877 Weaver switched to the Greenback Party, which supported increasing the money supply and regulating big business. As a Greenbacker with Democratic support, Weaver won election to the House in 1878.