It may throw some light upon the attitude of the Huntington group toward the Thurman Act to remember that the moneys in the sinking funds which the Central Pacific established for the retirement of its own mortgage securities were, at least in part, loaned to the Western Development Company, and used by this company in railroad building in southern California. This was, of course, an ideal arrangement from the point of view of Huntington and his friends.
[545] Sinking Fund Cases, 99 U. S. 700 (1878).
[546] Report of the Auditor of Railroad Accounts, 1881 (46th Congress, 3d Session, Exec. Doc. No. 87, Serial No. 1978). The same recommendation is contained in the Report of Commissioner of Railroads, 1894, p. 93.
[547] United States v. Central Pacific Railroad Company, 118 U. S. 235 (1886).
[548] 56th Congress, 2d Session, Senate Document No. 227, Serial No. 4043.
[549] United States v. Central Pacific Railroad Company, 138 U. S. 84 (1891). See also Annual Report of the Commissioner of Railroads, 1883, p. 428 ff.
[550] 54th Congress, 2nd Session, January 11, 1897, Senate Document No. 52, Serial No. 3469.
[551] Annual Report of the Commissioner of Railroads, 1897.
[552] Annual Report of the Commissioner of Railroads, 1882, p. 440.
[553] United States Pacific Railway Commission Report, December 1, 1887 (50th Congress, 1st Session, Senate Executive Documents No. 51, Serial No. 2505).