The electorate had begun to take a different view of laissez-faire capitalism, and the Railroad’s rate structure, which was universally viewed as arbitrary and discriminatory, was widely blamed for the depression of the 1890s. Moreover the Railroad’s second-mortgage governmental bonds were soon to fall due, and Huntington girded his forces for the fight against their payment. He employed representatives in Washington and in state capitals, whose duty it was to “explain” to legislators what was “right.” He insisted on the American privilege of supporting the election of officials whose views coincided with his own. Payments were made when necessary, but he did not view this as bribery. A bribe was a voluntary purchase for personal advancement, the wrongdoing of which he had accused Stanford.
When I wrote a memorial piece on Bierce for the Chronicle, I was pleased to describe his final triumph over Huntington and the Railroad, which had been a long time coming:
William Randolph Hearst sent Bierce to Washington to help the Hearst newspapers fight the Railroad Funding Bill. This Bill would have been the biggest giveaway yet to the Southern Pacific Railroad. The $75,000,000 debt to the U.S. government was to be fobbed off in the form of 2 percent bonds due in 80 years. In effect it was a total gift to the Southern Pacific. Huntington had bought up enough senators, especially those of the Western states, to insure the Bill’s passage.
Bierce immediately went into action in the San Francisco Examiner and the New York Morning Journal, in the style of invective he had perfected, abusing the Railroad and Collis B. Huntington, and praising Senator John T. Morgan, chairman of the senate committee that had summoned Huntington to testify before it, and who embarrassed the president of the Railroad with probing questions.
Bierce wrote, “Huntington has been able to remove his hand from the public’s pocket long enough to raise it over a Bible. In Sacramento the Railroad’s bagmen are as common a sight as the senate pages, but instead of sending lobbyists to Washington to accomplish his crowning achievement of the purchase of the U.S. Senate, Huntington has packed his own baggage full of greenbacks and come to tend to matters himself.”
In trouble in committee, Huntington produced testimonial letters from prominent Californians attesting to the Railroad’s benefits to the state and the extraordinary ethics of its proprietors. Bierce pursued the authors of these testimonials as he had pursued Aaron Jennings. He publicized them in “Bierce’s Black Book,” where their names were broadcast until they recanted. Recant they did. The senate revelations, Huntington’s arrogance and ignorance as shown in the committee hearings, and Bierce’s harpoonings were so shocking that all but two of the testimonials were withdrawn. The senatorial tide turned against the Southern Pacific Railroad.
Huntington encountered Bierce on the steps of the capitol. “How much?” he growled in defeat, and he uttered his familiar judgment, more cynical than Ambrose Bierce had ever been: “Every man has his price!”
“Seventy-five million dollars,” Bierce said in his triumph. “Payable to the U.S. Government!”