Relations Between the Central Pacific Railroad Company and the United States Government; Summary of Facts. 1889 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1889 edition. Excerpt: ... The Central Pacific Railroad Company The United States Government, SUMMARY OF FACTS, Showing all Obligations on the part of the Company fulfilled, and all Benefits expected by the Government realized. I. THE LEGAL OBLIGATIONS AND THE MANNER, IN WHICH THEY HAVE BEEN OBSERVED. The relations between the Central Pacific Railroad Company and the Government are twofold. There are legal obligations on either side, which are specified in the several Acts of Congress; and there are equitable considerations which are evident only on an examination of the history and the causes which led to the passage of the Acts. The legal obligations have recently been fully examined into and reported on by the United States Pacific Railway Commission, which was appointed by the President, pursuant to the Act of Congress approved March 3, 1887. Their report and the testimony on which it is based comprise nine printed volumes octavo, which, by its size, precludes its ready use. A summary of this report as to the Central Pacific will furnish in brief form a view of the facts as to the legal obligations of the company and the United States under the several Acts of Congress, and will show that they have been kept fully and in good faith by the company, but that they have not been complied with in all respects by the United States. REPORT OF THE INVESTIGATING COMMISSION. The Commissioners were appointed to make an investigation of the books, accounts and methods of the Pacific railroads which have received aid from the Government in bonds, with a view of reporting to Congress a plan which should effect a final settlement between the companies and the United States. They secured the assistance of a large force of accountants and a staff of engineers. Their labors commenced...