Will Bagley, ed., Scoundrels Tales: The Samuel Brannan Papers, vol. 3 of Kingdom in the West: The Mormons and the American Frontier (Spokane, Wash.: Arthur Clark, 1999), 264-81, 285-90.
Bagley, Scoundrels Tales, 264-81.
Lavender, Great Persuader, 260-61, 280, 301.
David Stewart, vs. Collis P. Huntington, Depositions of Leland Stanford and Charles Crocker, Taken on the Part of the Defendants (New York, 1881), 90-125.
Sanderson to CPH, Feb. 4, 1871, LB, 11:59, box 25, Hopkins Collection.
Cooke was to get 12 of the 24 shares in the road, and these 12 shares controlled 40% of the stock in the road. An additional 20% of the stock would be issued to Jay Cooke & Co. in increments of $200 in stock for each $1,000 worth of bonds his firm sold.
Larson, Cooke, 260, 277.
This stock had a par or face value of $41 million and was arbitrarily assigned a value of $600,000. The stock would be issued incrementally as the road was completed. The bonds were a paying investment.
See Larson, Jay Cooke, 286.