CPH to Charles Crocker, Aug. 21, 1874, Huntington Letters,4:164-65.
Hopkins to CPH, Dec. 29, 1872, CPH Papers, ser.1, r. 5.
Naomi Lamoreaux, Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England (New York: Cambridge Univ. Press, 1996), 17.
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.
Hopkins to CPH, Oct. 10, 1872, CPH Papers, ser. 1, r. 5.
CPH to Hopkins, March 10, 1870, LB, 2:96, CPH to Hopkins, March 19, 1873, LB, 4: 27, box 21, Hopkins Collection.
Hopkins to CPH, Nov. 11, 1873, CPH Papers, ser. 1, r. 5, Hopkins to CPH, Dec. 4, 1873, CPH Papers, ser. 1, r. 6.
Fisk and Hatch to the Holders of Central Pacific Railroad Bonds, Jan. 1, 1874, LB, 6:45, L. Von Hoffman and Co. to CPH, Dec. 30, 1873, both in box 22, Hopkins Collection.
Annual Report of the Board of Directors of the Central Pacific Railroad Co. to the Stockholders for the Year Ending Dec. 31, 1873, 7.