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 ii
... whole property of the company . ) This lien was , by the act of 1864 , sub- ordinated to a mortgage executed by the corporation to secure its own C. bonds for an amount equal to the amount issued by the Government , as aforesaid ...
... whole property of the company . ) This lien was , by the act of 1864 , sub- ordinated to a mortgage executed by the corporation to secure its own C. bonds for an amount equal to the amount issued by the Government , as aforesaid ...
Page viii
... whole was not to exceed $ 27,500 per mile . But notwithstanding this , on the 5th day of January , 1867 , the board of directors by a resolution extended the Hoxie contract over this fifty - eight miles of then completed road , thereby ...
... whole was not to exceed $ 27,500 per mile . But notwithstanding this , on the 5th day of January , 1867 , the board of directors by a resolution extended the Hoxie contract over this fifty - eight miles of then completed road , thereby ...
Page xvii
... whole road to the contractors .... $ 27 , 213 , 000 00 3,494 , 991 23 23,718,008 77 $ 27 , 236 , 512 00 91,348 72 27 , 145 , 163 38 $ 50 , 863 , 172 05 50,720 , 958 94 142 , 213 11 And attention is also called to the time of the receipt ...
... whole road to the contractors .... $ 27 , 213 , 000 00 3,494 , 991 23 23,718,008 77 $ 27 , 236 , 512 00 91,348 72 27 , 145 , 163 38 $ 50 , 863 , 172 05 50,720 , 958 94 142 , 213 11 And attention is also called to the time of the receipt ...
Page xix
... whole property . The law - making power , if its mandates are to be obeyed or respected hereafter , cannot accept as an excuse for disobedience to its express directions , by the corporation it has created , that the members of that ...
... whole property . The law - making power , if its mandates are to be obeyed or respected hereafter , cannot accept as an excuse for disobedience to its express directions , by the corporation it has created , that the members of that ...
Page xx
... whole transaction . 6. This claim that no unreasonable profit has been made is not sup- ported by the testimony . The risk , as has been shown , was wholly that of the Government . 7 and 8. The gentlemen making these excuses , though ...
... whole transaction . 6. This claim that no unreasonable profit has been made is not sup- ported by the testimony . The risk , as has been shown , was wholly that of the Government . 7 and 8. The gentlemen making these excuses , though ...
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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.