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Railroad Feudalism: The Dark Day the Hepburn Bill Would Have Been Defeated

February 1, 1906, was a pivotal day in Denver, Colorado, as the National Livestock Association gathered to discuss the pressing issue of railroad regulation. S.H. Cowen of Fort Worth took the stage, his voice ringing out as he spoke of the growing feudal system in America, where the power of wealth threatened to consume the nation. Cowen’s words were laced with urgency as he addressed the assembly, warning that the defeat of the Hepburn rate bill would be a dark day for the people.

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