Chapters on the History of the Southern Pacific

by Stuart Daggett

[246] Ibid., p. 45, deposition S. H. Thayer.

[247] Colton case, pp. 1684-85, Huntington to Colton, November 13, 1875.

[248] Ibid., pp. 1747-48, Huntington to Colton, December 20, 1876.

[249] Colton case, pp. 1746-47, Huntington to Colton, December 8, 1870.

[250] Ibid., pp. 1768-70, Huntington to Colton, May 6, 1877.

[251] Ibid., pp. 1772-73, Huntington to Colton, May 9, 1877.

[252] Ibid., pp. 7517-18, Colton to Huntington, August 24, 1877.

[253] Ibid., p. 7523, Colton to Huntington, September 28, 1877.

[254] Colton case, pp. 7625-26, Colton to Huntington, March 13, 1878.

It is extraordinary that a man in Colton’s position with his intimate knowledge of the precarious condition of Central Pacific finance should have allowed that railroad to declare a 4 per cent dividend in October, 1877, great though his personal necessities may have been. This was, however, done. In reply to a letter from Huntington criticizing this action, Colton later wrote: