DIY History | Transcribe | Building the Transcontinental Railroad | Hazard versus Thomas C. Durant depositons, numbers 1-15, 1859-1880

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Hazard versus Thomas C. Durant depositons, numbers 1-15, 1859-1880

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112.475
And the books show that the two payments to him of March 20, 1865 of 302,700 and of May 16th 1865 of 118,000 were also turned in directly on his stock, making a total of 541,975 Equivalent to 5419 3/4 shares of his Credit Mobilier Stock which I find was purchased with its moneys.
I find that dividends and allotments here been made upon this stock and received by Mr. Durant as follows -
- April 1866, 50% in the Rail Road's Stock at par =270,987.50
- Sept,  .     50% .                                                   =270,987.50
- Dec.   .      100% .                                               = 541,975.00
In February 1867, The Credit Mobilier increased its stock one half the stock holders paying for the same and receiving also a like amount of the Rail Road Company's first mortgage bonds. The complainants claim that Mr. Durant should be held to have purchased this new stock from the moneys in which he is found then to have been indebted to the Company But I do not think that I can infer this even was it clear that I could properly do so under the decree. But the bonds having been given as a bonus because of his old stock, I think that they must properly be regarded as a dividend or allotment.
31

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112.475 And the books show that the two payments to him of March 20, 1865 of 302,700 and of May 16th 1865 of 118,000 were also turned in directly on his stock, making a total of 541,975 Equivalent to 5419 3/4 shares of his Credit Mobilier Stock which I find was purchased with its moneys. I find that dividends and allotments here been made upon this stock and received by Mr. Durant as follows - - April 1866, 50% in the Rail Road's Stock at par =270,987.50 - Sept, . 50% . =270,987.50 - Dec. . 100% . = 541,975.00 In February 1867, The Credit Mobilier increased its stock one half the stock holders paying for the same and receiving also a like amount of the Rail Road Company's first mortgage bonds. The complainants claim that Mr. Durant should be held to have purchased this new stock from the moneys in which he is found then to have been indebted to the Company But I do not think that I can infer this even was it clear that I could properly do so under the decree. But the bonds having been given as a bonus because of his old stock, I think that they must properly be regarded as a dividend or allotment. 31