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 11

up to my agreement.
Int. No. 58 Did he ask you to bring it in greenbacks?
Ans. No. 58 I don't think he did.
Int. No. 59 As to Collateral security, what amount of these first mortgage bonds were pledged as collateral for this loan?
Ans. No. 59 I forget just the amount we had been borrowing, I know, up to that time; we were borrowing at that time 50 cents on the dollar on bonds; whether we borrowed anymore or not I don't know.
Int. No. 60 When you say "we," whom do you mean?
Ans. No. 61 The Union Pacific Rail Road, and all its friends; we were raising all the money we could.
Int. No. 61 From whom were the bonds obtained, which were pledged to raise the million of dollars - from what source were they obtained? You said they were first mortgage Bonds from the Union Pacific Rail Road Company?
Ans. No. 61 Primarily from the Union Pacific Rail Road Company itself.

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up to my agreement. Int. No. 58 Did he ask you to bring it in greenbacks? Ans. No. 58 I don't think he did. Int. No. 59 As to Collateral security, what amount of these first mortgage bonds were pledged as collateral for this loan? Ans. No. 59 I forget just the amount we had been borrowing, I know, up to that time; we were borrowing at that time 50 cents on the dollar on bonds; whether we borrowed anymore or not I don't know. Int. No. 60 When you say "we," whom do you mean? Ans. No. 61 The Union Pacific Rail Road, and all its friends; we were raising all the money we could. Int. No. 61 From whom were the bonds obtained, which were pledged to raise the million of dollars - from what source were they obtained? You said they were first mortgage Bonds from the Union Pacific Rail Road Company? Ans. No. 61 Primarily from the Union Pacific Rail Road Company itself.