"General Railroad Law of California: An Act to provide for the Incorporation of Railroad Companies, and the management of the affairs thereof, and other matters relating thereto" (approved May 20, 1861; as amended to May 6, 1862). That the company may have sold $100,000 is based on 10 percent down on 10,000 shares.
Annual Report of the Central Pacific Railroad Company of California to the Secretary of State of California of the Year Ending the Thirty first Day of December A.D. 1869, California State Archives.
Huntington wanted to make sure that Philip Stanford did not get a 1/6 share and that all the securities were kept together.
Report of the Commission and of the Minority Commission of the United States Pacific Railway Commission (Washington, D.C.: GPO,1887), 69-70.
Bain, Empire Express, 129.