The “bad old days” are the bogeyman of New York politics. By servicing anyone other than oligarchs, this typically race-inflected story goes, Mayor Bill de Blasio risks the return of crime, grime and graffiti.

But the indictment of New York State Assembly Speaker Sheldon Silver should make us think of other “bad old days” from the state’s past—the first Gilded Age—when Tammany Hall and its accomplices, the robber barrons (a term coined in the 1930s by Nationite Matthew Josephson), ruled the roost.

An editorial, “Legislative Corruption,” in the Nation of April 18, 1867, lamented that while previous sessions of the legislature “were scandalous to a degree that could hardly be surpassed…all accounts agree in representing that bribery is more flagrant at this session than ever before.”

The editors blamed “those great corporations” that “own the legislatures of their respective states, and can pass or reject bills at their pleasure.” Most interestingly, the editorial explores the entanglement of political and ethical compromise:

A member of the Legislature has almost always from one to a dozen pet measures upon the success of which his political future may depend. He soon finds that he can do nothing with these, however just they may be, without pledging his support to other schemes which may not commend themselves to his judgment. Thus he is driven to take the first step in trading his vote, and soon finds himself ensnared into the support of bills which he knows to be opposed to the public good. Having gone so far, it is plausibly urged upon him that, since he must sacrifice the public interest, he might as well gain some little private advantage. And having once voted for a bill because of a “friend” in it, or in the expectation of a share in its profits, it is easy to take the next step and accept a direct bribe. In this way many respectable men who commence public life with a horror of bribery gradually sink into habits of corruption.

In that Gilded Age as in this, public corruption was a direct consequence of the explosion of private wealth and inequality. “The rapid growth of this evil does not necessarily prove that we are inherently worse than our ancestors,” The Nation argued. “Fifty years ago there were few men or corporations of great wealth in America…Wealth has rapidly increased among us. Legislatures have the power of granting privileges immensely valuable, and great corporations, or men who, like [Cornelius] Vanderbilt or [George] Law, are corporations in themselves, are eager to purchase such privileges.”

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Curious about how we covered something? E-mail me at rkreitner@thenation.com. Subscribers to The Nation can access our fully searchable digital archive, which contains thousands of historic articles, essays and reviews, letters to the editor and editorials dating back to July 6, 1865.