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Hopkins to CPH, Nov. 23, Nov. 29, 1872, CPH Papers, ser. 1, r. 5.

This would have come as news to investors. The annual report for the year ending Dec. 31, 1872 said the company had $6,952,361.73 in earnings over operating expenses with interest payments paid that year of $2, 722,244.88 and $988,170.57 in other expenses.

Annual Report of the Board of Directors of the Central Pacific Railroad Company to the Stockholders for the Year Ending Dec. 31, 1872 (Sacramento: Record Book and Job Printing House, 1873), Tables 3 and 4, 38-39.

Last updated on August 16, 2011 at 2:37pm

In his testimony to the Pacific Railway Commission, Stanford, either from normal befuddlement or by lying, reversed this and had Fisk and Hatch owing the Central Pacific money.

CPH to Stanford, May 19, 1874, LB, 7:57, box 23, Hopkins Collection.

Testimony of Leland Stanford, July 28, 1887, PRC, 5:2497.

Last updated on August 16, 2011 at 2:39pm

On constituency I differ from Margaret Thompson's impressive account of Gilded Age lobbying, and the friendship I describe is not the same as what she discusses.

The Morrissey quotation is from Union Pacific Employes' Magazine, (September 1886), 1.

The second quotation is from Mark Wahlgren Summers, Era of Good Stealings, (New York : Oxford University Press, 1993), 109.

Last updated on August 16, 2011 at 2:44pm

The mainline of the Texas and Pacific from Shreveport, Louisiana did not reach Ft. Worth until the summer of 1876. It covered 222 miles. In all, the T. & P, had 444 miles of road.  The T. & P. would have 20 sections a mile through Texas and California and 40 sections a mile through Arizona and New Mexico.

C. Vann Woodward, Reaction and Reunion,: the Compromise of 1877 and the End of Reconstruction (Boston, Little, Brown, 1951), 73-77.

Last updated on July 5, 2012 at 12:47pm