Reports by Pacific Railroads Commission Detailed Findings
Washington December reports outline the investigation into railroad aid under Congress the commissioners Pattison Anderson and Littler deliver a majority and minority view addressing methods witnesses and directors the study reviews company condition finances and responses to legislative interrogations with focus on Union Pacific and remedial measures each part presents conclusions and recommended actions.
MENTIONED IN THIS ARTICLE
Washington
Congress
United States
Messrs
Robert E. Pattison
Pennsylvania
E. Ellery Anderson
New York
David T. Littler
Ilinois
Anderson
Littler
Pattison
Union Pacific Railway
Richard F. Stevens
William Calhoun
Richard P. Morgan, Jr
Union Pacific and Central Pacific Railroad Debt Report
The report analyzes Union Pacific mileage and branch value, noting earnings gains from branches and detailing total funded debt, United States liens, and maturities. It then covers Central Pacific subsidy, mileage, and the Southern Pacific system, with valuations, mortgage requirements, and recommended legislative adjustments.
Financial operations of bond aided railroads report finds vast subsidies
The report details aid to Union Pacific Kansas Pacific Central Branch Union Pacific Sioux City and Pacific Central Pacific Western Pacific totaling 64 623 512 in bonds and 26 0029 534 acres valued at 832 536 918 dollars. It notes dividends by Union Pacific 11 912 125 between 1875 and 1880 and criticizes management actions under Gould. It chronicles Central Pacific directors control and cites lack of construction records for Sioux City and Pacific.
MENTIONED IN THIS ARTICLE
Union
Kansas Pacific
Central Branch
Union Ee
Sioux City & Pacific
Central Pacific
Western Pacific
Union Pacific
Minority Report on Subsidy Bonds for Pacific Railroads
Ex Governor Pattison details subsidy bonds of 64 623 512 to six railroads later four, and misuses of funds by Central Pacific leaders. It finds 247 million dollars mismanaged, inflated capital, and shipper taxation, urging immediate government wind up and divorce from Pacific railroads, per Justice Hunt and Wilson committee guidance.
MENTIONED IN THIS ARTICLE
Pattison
Pennsylvania
Missouri River
Pacific Ocean
Central Pacific
Messrs
Stanford
Huntington, Hopkins and Crocker
Union Pacific
Express
Express and Telegraph
Pacific
Central Branch
Congress
Pacific Railroads
Justice Hunt
Crédit Mobilier
Wilson Committee of Congress
United States
Complex sinking fund plan and bonds proposal detailed
The report outlines a debt plan with a 3 percent compounded discount, a 50 year term sinking fund, and a security package including a contract mortgage with $1000 bonds. It notes trustee oversight, dividend restrictions, and enforcement measures, plus per company net earnings requirements and past earnings supporting feasibility.
Answers to Questions in the Bill Creating the Commission
The report reviews bond aided railroad obligations noting stockholder assessments were not kept by any road while construction and service duties were met. Telegraph rights were diverted to Western Union not authorized by law, though later acts may change this. Government preference and fair rates were acknowledged. Troop and mail transport duties were fulfilled and interest payments met. Union Pacific’s anti East West promotion violated obligations. consolidation of railroads is deemed legally valid but contested. No dividends paid in violation of law, but bribery proofs are indirect. money used to influence legislation noted. Authorities urge forfeiture of charters and appointment of a receiver, with civil or criminal actions to recover government debts and address malfeasance across multiple bond aided lines. The Attorney General should pursue all liable parties and seek patenting of lands and proper accounting.
MENTIONED IN THIS ARTICLE
Union Pacific Railway
Kansas Pacific
Denver Pacific
Comptroller’s Office
Morgan
United States
Omaha
Ogden
Kansas City
Union Pacific Railway Company
Union Pacific Ilway Company
Union Pacific Railroad
Kansas Pacific Railroad
Union Pacific
U.S
Supreme Court of the
Congress
Central Pacific Railroad
Utah
Sacramento City
Cal
San Jose
Western Pacific
Bay of
San Francisco
Central Pacific
Goshen
Needles
Arizona
New Mexico
Texas
el Paso
Houston
New Orleans
Southern Pacific
Southern Pacific Company
Sionel Morgan
Kansas Pacific Railway Company
Union Pacific Company
Jay Gould
Kansas
Department of Justice
Union Pacific Railroad Company
A. S
Thurman
Central Pacific Railway Company
Central Branch
Sioux City & Pacific Railroad Company
Chicago & Northwestern Railway Company
Commission
Western Union Telegraph Company
Sioux City & Pacific
Union
Crédit Mobilier
Year of huge business ends with mixed trade signals
The Dun and Co Weekly Trade Review notes a year of large business activity ending with mixed prospects. September and October ran strong, while November and December faced tariff worries, strikes, and price shifts. Money markets eased, exports lagged imports, and domestic sectors like iron and wool saw reduced output and profits, with various regional and product trends shaping next year’s outlook.
MENTIONED IN THIS ARTICLE
New York
Weekly Trade Review
R. G. Dun & Co
United States
Boston
FE. Russell & Co
Mercantile Agency
Alam E Ooe
Dominion of Canada
Dominion
Blood Remedy Promises Cure for Blood Poison
Letters from D B Adams and others describe cures from Swift’s blood purifier 8 8 8 8. Col Kieser and F Weeh praise recovery after prolonged illness, noting walking distance and renewed vigor. Dr Cheney endorses the medicine as a humane boon, while warnings about mercury persist. Treatise on Blood and Skin Diseases mailed free. The Swift Spectere Co. Drawer 3 Atlanta.
MENTIONED IN THIS ARTICLE
D. B. Adams
Union
South Carolina
Col. B. H. Kieser
Opylika
Ala
Times
F. Weeh
North Avenue
Chicago
J. N. Cheney
Ellaville
Schley County
Georgia
Swift Spectere Co
Atlaai
10 share 55 do 53 do 5 shar
10 share 55 do 53 do five share.
Also Mentioned on This Page
THE
Mittee
Ppccche Tring
Daveesee Pou Otis
Total
Atchison
Waterville
Kan
Organ
Atchison, Colorado & Pacific Railroad Company
Atchison Jewell Company and Western Railroad Company
Sioux City & Pacific Railroad
Sioux City
Fremont
Neb
Central Pacific Railroad Company
Atchison, Colorado & Santa Fe
Gould
Oliver Ames
John J. Blair
Oakes Ames
DeWitt C. Blair
Oakes A. Ames
John L. Blair
Charles F. Libbie
Searce
Horatio Harris & Coo., Auctioneers and Commission Merchants
State Street
Ex Steamship “Procida
Balance of Cargo
Fiske’s Wharf
Francis Henshaw & CO
Merchants’ Exchange
Boston Stock Exchange
Third
Natl. Bank
Do Burton Stock Car Co. Ptd
Atlantic Natl. Ee S
Stark Mills
Louisville, Evans
St. Louis
R.R. Co
Andover
Ron Co
Newburyport Gas Light Co
Boston Gas Syndicate
St. Louis County
Marquette, Houghton & Ontonagon
Town Falls
Rey Ae Southeastern
Memphis R.R
Eens
Great Falls & Conway
Boston Cab Co
Do Ashton Valve Co
Otis Co
McKay & Big.pecint Asso
Shiares Cocheco Mfg. Co
Middlesex Co
Lowell Machine Shop
Lancaster Mills
Pepperell Mfg. Co
Suffolk Nat’l Bank
Manchaster Mille
Firemen’s Fire Insurance Co
Nat’l Bank
Worcester
Worcester, Nashiua & Rochester RR Co
de Mt. Wollaston
Quincy
Middlesex RR
Current River
Siguar
Kan, Cy
Spring
Memphis
West Michigan
McKay & Bigelow Heeling Mach
Asso
Kansas City, Clinton & Spring
City
Fort Scott & Gulf
Amoskeag Mig. Co
R. L. Day & Company
State St
Merchants’ Exchange Building
Manchester Mills
Atlas Natl
City Bank
Union Bank
Shawmut Natl
Bennington Co
Bkk
Bennington
Lawrence Duck Co
West End St. Ry
Pfd
Ann. River Ra
Iliet Insurance Co
Oston Gas Light Co
Lombard Investment Co
Cambridge Gas Light Co
Neptune Insurance Co
Arington Gas Light Co
Arlington
Mass
Farmers’ Loan and Trust Co
McKay& Big
Heeling Mack
Boston Tow Boat Co
Natick Natl. Bank
Natick
Tierhet
St. Johnsbury & Lake Eesain
Cedar Rapids & Mo
River
Omaha & So
Western Ra
Tiffin
Ohio) Water Works Co
Androscoggin
Marblehead Gas and Electric Light Co
Rutland Rd. Com
Taman Mille
Bay Aatcuer Erm
Fitchburg Rad
Little Rock & Ft. Smith Ry. Co
Westbrook Mfg. Co
Portland
First Natl
Bank
Chelsea
Faneuil Hall
Boston Art Club
Chicago, Burl. & Quincey
Charlestown Gas Co
Boston & Maine
Tremont & Suffolix ‘Mills
City of
Chicago, Mil
St. Paul
Lake Champ
Albert Howe & Co
Market Street
Brighton
Vari Pir
Warren Avenue
Justus Cooke
Washington Place
New York City
Europe
Watson & Co
James Graham
East 14Th St
Messrs. Koopman & CO
Beacon St
A. 5. Richards & CO
John C. Wilmerding
Wilmerding, Hoguert & CO
White St
Townsend & Montant
Leenard Street
S. R. Knights & Coo
Washington St
Main St
Cambridgeport
John F. Mead
Cambridge
County of
Middlesex
Commonwealth of Massachusetts
David G. Haskins
Suffolk
James W. French
A. D
R. Knights & Co
Washington Street
Roxbury
Quincy Street
Maywood
William A. Garbett
Blue Hill Avenue
Shawn
Mead
Davie G. Haskins
Haskins
Tim
Charles W. Storey
Oliver Ditson & CO
Chas. T. Bovell
Court St
Tobey & Ingress Stree
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