Report of the Select Committee of the House of Representatives, Appointed Under the Resolution of January 6, 1873: To Make Inquiry in Relation to the Affairs of the Union Pacific Railroad Company, the Credit Mobilier of America, and Other Matters Specified in Said Resolution and in Other Resolutions Referred to Said CommitteeInvestigates allegations of bribery involving several United States representatives and senators and the Credit Mobilier of America. Sen. James W. Patterson (Republican, New Hampshire) in particular was accused of having profited from purchase of railroad stocks at prices greatly below their market value. |
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Page xviii
... road - building . 2. That it would have been impossible to build the road under the acts of Congress , if the condition requiring the capital to be paid in money had been strictly enforced . 3. That the act required the books to be kept ...
... road - building . 2. That it would have been impossible to build the road under the acts of Congress , if the condition requiring the capital to be paid in money had been strictly enforced . 3. That the act required the books to be kept ...
Page xxii
... road Company , which fills up the gap between Buffalo and New York . Mr. Scott had previously been the president of ... road . My object in interesting myself in the Union Pacific Railroad Company was to share in the traffic arrangements ...
... road Company , which fills up the gap between Buffalo and New York . Mr. Scott had previously been the president of ... road . My object in interesting myself in the Union Pacific Railroad Company was to share in the traffic arrangements ...
Page 45
... road from that onward . - A . The road from that over the Rocky Mountains was nothing like as expensive as we expected it to be , although it was very expensive through the granite of the Rocky Mountains and up a road of 80 to 90 feet ...
... road from that onward . - A . The road from that over the Rocky Mountains was nothing like as expensive as we expected it to be , although it was very expensive through the granite of the Rocky Mountains and up a road of 80 to 90 feet ...
Page 46
... road in a condition to be able to meet it ? -A . I do not think that for the past three or four years the road could have met it in addition to its other interest . I hope to see the road earning enough to do it . The past earnings ...
... road in a condition to be able to meet it ? -A . I do not think that for the past three or four years the road could have met it in addition to its other interest . I hope to see the road earning enough to do it . The past earnings ...
Page 47
... road does everything for the pub- lic that it could do if it had ten or twenty millions more capital on hand ? -A . Everything that can be done to accommodate the public is being done . Q. What was the market value of the stock of the road ...
... road does everything for the pub- lic that it could do if it had ten or twenty millions more capital on hand ? -A . Everything that can be done to accommodate the public is being done . Q. What was the market value of the stock of the road ...
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Common terms and phrases
amount attorney bonds?-A Boston build the road built C. S. Bushnell capital stock cash cent Central Pacific Railroad CHAIRMAN coal connected construction contract?-A contractors corporation cost Credit Mobilier dividends Dodge election estimate expenses first-mortgage bonds gentlemen George Opdyke give Government bonds Government directors HOAR Horace F Hoxie contract hundredth meridian interest issued John Duff John M. S. Williams land-grant bonds member of Congress millions Mobilier of America never Nickerson Oakes Ames contract Oliver Ames Omaha Pacific Railroad Company Pacific Railroad Company?-A paid pany parties payment persons president profits question R. G. Hazard received recollect reference resolution road Company road?-A Rollins securities shares SHELLABARGER Sidney Dillon sold statement stock?-A stockholders subscribed subscription suppose that?-A thing thousand dollars time?-A tion transaction treasurer trustees understand Union Pacific Rail Union Pacific Railroad vouchers Williams York
Popular passages
Page xxv - And the better to accomplish the object of this act, namely, to promote the public interest and welfare by the construction of said railroad and telegraph line, and keeping the same in working order, and to secure to the government at all times (but particularly in time of war) the use and benefits of the same for postal, military and other purposes, Congress may, at any time, having due regard for the rights of said companies named herein, add to, alter, amend, or repeal this act.
Page 724 - KNOW ALL MEN by these presents, that I, Peter Ahlund, of Chicago, of the County of Cook, and State of Illinois, for and in consideration of One dollar, to me in hand paid, and for other good and valuable considerations, the receipt whereof is hereby...
Page 729 - THIS INDENTURE, made this day of , in the year One thousand, nine hundred and , between of , the party of the first part...
Page 729 - ... the said party of the second part, his heirs, executors, administrators, or assigns, and the...
Page xxv - That there be, and is hereby, granted to the said company, for the purpose of aiding in the construction of said railroad and telegraph line, and to secure the safe and speedy transportation of the mails, troops, munitions of war, and public stores...
Page 219 - In consideration of their exertions to increase the demand for coal and the large sum to be expended in improvements, it is further agreed that the party of the second part...
Page 724 - That the said parties of the first part, for and in consideration of the sum of one dollar to them in hand paid...
Page 8 - County, do hereby certify that the foregoing is a full, true and correct copy of the original Resolution No.
Page x - ... it shall be lawful for the said party of the second part, his heirs, executors, administrators or assigns...
Page xxiv - ... thereunto belonging, and also all lands granted to the said company by the United States, which, at the time of said default, shall remain in the ownership of said company, may be taken possession of by the Secretary of the Treasury, for the use and benefit of the United States: Provided, this section shall not apply to that part of any road now constructed.