Transcribe
Translate
Hazard versus Thomas C. Durant legal draft report, Providence, R.I., September, 1880
Page 18
More information
digital collection
archival collection guide
transcription tips
It is proper however, as requested by the Complainants, to put before the court the facts respecting these bonds. Mr. Durant at the time of this purchase held, it would seem from Oliver Ames' testimony (C.P.T. pg33), 31605 shares of the stock of the Rail Road Company, - somewhat less it will be seen than I find he had previously received, or should have received, as allotments upon his Credit Mobilier stock purchased with its moneys. He received from the Trustees upon this purchase $700000 of the income bonds $1400000 of the Rail Road Company's stock, for which he paid $560000. these income bonds were dated Sept 1st 1869, and were payable five years after date with interest at the rate of 10 per cent annum payable semi=annually, which was always regularly paid. When these bonds matured they were exchanged for the Sinking Fund bonds at the rate of $6 of the latter for each $5 of the former. The Sinking Fund bonds bear date Sept 1st 1873 and are payable twenty years after date, with interest at the rate of 8 per cent per annum payable semi-annually, which has also always
Saving...
prev
next
It is proper however, as requested by the Complainants, to put before the court the facts respecting these bonds. Mr. Durant at the time of this purchase held, it would seem from Oliver Ames' testimony (C.P.T. pg33), 31605 shares of the stock of the Rail Road Company, - somewhat less it will be seen than I find he had previously received, or should have received, as allotments upon his Credit Mobilier stock purchased with its moneys. He received from the Trustees upon this purchase $700000 of the income bonds $1400000 of the Rail Road Company's stock, for which he paid $560000. these income bonds were dated Sept 1st 1869, and were payable five years after date with interest at the rate of 10 per cent annum payable semi=annually, which was always regularly paid. When these bonds matured they were exchanged for the Sinking Fund bonds at the rate of $6 of the latter for each $5 of the former. The Sinking Fund bonds bear date Sept 1st 1873 and are payable twenty years after date, with interest at the rate of 8 per cent per annum payable semi-annually, which has also always
Building the Transcontinental Railroad
sidebar
