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

Page 10

Mobilier made a dividend of six per cent for each of the two years, 1866 and 1867 payable in stock of the Union Pacific Co. at 30 per cent of its par value; this was the only dividend ever made by the Credit Mobilier
Int No 58 What was the original amount of stock subscribed for the Credit Mobilier?
Ans No 58 I dont think there was an original amount subscribed for; there was a limit to which it might go, and it never reached its limit until it became finally $3,750,000.
Int No 59 There was an original subscription, wasn't there - What was the first amount of stock?
Ans No 59 I cannot tell you what the original subscriptions were at the organization of the Company without reference to the books.
Int No 60 I am speaking of the Credit Mobilier and not of the Pennsylvania Fiscal Agency?
Ans No 60 The Credit Mobilier was the Pennsylvania Fiscal Agency, but the name was changed to Credit Mobilier by an Act of the Legislature.
Int No 61 What was the amount transferred when it became the Credit Mobilier?
Ans No 61 I could not tell you without looking at

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Mobilier made a dividend of six per cent for each of the two years, 1866 and 1867 payable in stock of the Union Pacific Co. at 30 per cent of its par value; this was the only dividend ever made by the Credit Mobilier Int No 58 What was the original amount of stock subscribed for the Credit Mobilier? Ans No 58 I dont think there was an original amount subscribed for; there was a limit to which it might go, and it never reached its limit until it became finally $3,750,000. Int No 59 There was an original subscription, wasn't there - What was the first amount of stock? Ans No 59 I cannot tell you what the original subscriptions were at the organization of the Company without reference to the books. Int No 60 I am speaking of the Credit Mobilier and not of the Pennsylvania Fiscal Agency? Ans No 60 The Credit Mobilier was the Pennsylvania Fiscal Agency, but the name was changed to Credit Mobilier by an Act of the Legislature. Int No 61 What was the amount transferred when it became the Credit Mobilier? Ans No 61 I could not tell you without looking at