Railroaded

in collaboration with The Spatial History Project


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According to the best estimates of accountants who later examined the Central Pacific's books, Crocker and Company had received $13,657,624.70 in securities and cash, while the Contract and Finance Company had received $32, 615,452. These figures represented the discounted value of stock. In the case of Crocker & Company, the par value of the stock was $14,701, 710.22 and in the case of the Contract and Finance Company $23,726,000. The discounted value of the Crocker & Co. stock was $5,121,609; it was all turned over to the Contract and Finance Company. The accountants put the discounted version of stock held by the Contract and Finance Company at $8,889,452.

There was a charter for a railroad of 165 miles linking the oceans at one of the continent's narrowest points at the Isthmus of Tehuantepec. There was a British line from Vera Cruz and a charter for a road from Vera Cruz to an unspecified terminus on the Pacific coast in Oaxaca, Guerrero, or Michoacán, and another linking the Gulf Coast between Tecolutla and Tampico to the Pacific Ocean somewhere between Zacatula and San Blas.