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Hazard versus Thomas C. Durant depositons, numbers 1-15, 1859-1880
Page 09
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dollar a share; and they also sold scrip convertible into Stock of the Union Pacific R R Co to an amount sufficient to make these shares full paid at five per cent of their par value; to each stockholder they sold 200 per cent of the amount of the stock he held in the Credit Mobilier. Int No 51 When was this? Ans No 51 This was (as the books will show) in April 1866, 50 per cent; September 1866, 50 per cent; December 1866, 100 per cent. Int No 52 Was anything really paid to the Credit Mobilier? Ans No 52 The stock holders paid for the amount of the Stock first sold them, but not for the scrip at that time; they paid for the shares - the first 50 per cent of the shares sold them. Int No 53 You mean the one per cent? Ans No 53 They paid the one dollar a share Int No 54 Was that actually paid? Ans No 54 Yes sir. Int No 55 Was that all? Ans No 55 That was all Int No 56 Was no further payment ever made? Ans No 56 No, sir. Int No 57 Was there any other dividend made? Ans No 57 In the latter part of 1867 the Credit
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dollar a share; and they also sold scrip convertible into Stock of the Union Pacific R R Co to an amount sufficient to make these shares full paid at five per cent of their par value; to each stockholder they sold 200 per cent of the amount of the stock he held in the Credit Mobilier. Int No 51 When was this? Ans No 51 This was (as the books will show) in April 1866, 50 per cent; September 1866, 50 per cent; December 1866, 100 per cent. Int No 52 Was anything really paid to the Credit Mobilier? Ans No 52 The stock holders paid for the amount of the Stock first sold them, but not for the scrip at that time; they paid for the shares - the first 50 per cent of the shares sold them. Int No 53 You mean the one per cent? Ans No 53 They paid the one dollar a share Int No 54 Was that actually paid? Ans No 54 Yes sir. Int No 55 Was that all? Ans No 55 That was all Int No 56 Was no further payment ever made? Ans No 56 No, sir. Int No 57 Was there any other dividend made? Ans No 57 In the latter part of 1867 the Credit
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