Extracts From the Report of the Us Pacific Railway Commission
Extracts From the Report of the Us Pacific Railway Commission
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PAYMENTS FOR IMPROPER PURPOSES.
Large sums were also applied to improper pur- poses. In the accounts of the Sioux City and Pacific Railroad Company this item amounted to $263, 81-2. 08 for losses incurred in operating the Fremont, Elkhorn and Missouri Valley Railroad, in which the directors of the Sioux City and Pacific Railroad were interested.
In the accounts of the Central Pacific Railroad Company, this diversion of earnings amounted to many millions through contracts made by Messrs. Stanfor...d, Ilantington, Hopkins, arid Crocker, with themselves, for construction, leases, repairs, etc. They constructed 1, 171 miles of adjunct lines, at MNCROFT LIBRARY SUIRO. JUNE IQ3Q a cost of $21, 216, 931. 01. On account of that construction in addition to a small cash payment they issued bonds to themselves to the amount of $33, 722, 000, and stock to the amount of $49, 005, 800, making a total issue of $82, 727, 800, of which $55, 539, 554 represented inflation.
Then, as directors of the Central Pacific, they took leases of their own lines for the Central Pacific for $3, 490, 828.
What to read after Extracts From the Report of the Us Pacific Railway Commission?
You can find similar books in the "Read Also" column, or choose other free books by Robt E Robert Emory Pattison to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
PAYMENTS FOR IMPROPER PURPOSES.
Large sums were also applied to improper pur- poses. In the accounts of the Sioux City and Pacific Railroad Company this item amounted to $263, 81-2. 08 for losses incurred in operating the Fremont, Elkhorn and Missouri Valley Railroad, in which the directors of the Sioux City and Pacific Railroad were interested.
In the accounts of the Central Pacific Railroad Company, this diversion of earnings amounted to many millions through contracts made by Messrs. Stanfor...d, Ilantington, Hopkins, arid Crocker, with themselves, for construction, leases, repairs, etc. They constructed 1, 171 miles of adjunct lines, at MNCROFT LIBRARY SUIRO. JUNE IQ3Q a cost of $21, 216, 931. 01. On account of that construction in addition to a small cash payment they issued bonds to themselves to the amount of $33, 722, 000, and stock to the amount of $49, 005, 800, making a total issue of $82, 727, 800, of which $55, 539, 554 represented inflation.
Then, as directors of the Central Pacific, they took leases of their own lines for the Central Pacific for $3, 490, 828.
What to read after Extracts From the Report of the Us Pacific Railway Commission?
You can find similar books in the "Read Also" column, or choose other free books by Robt E Robert Emory Pattison to read onlineMoreLess
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