[584] 30 United States Statutes 652, 659 (1898).
[585] United States v. Southern Pacific Company, p. 994, testimony John W. Griggs.
[586] See Report of Attorney-General, 1897, pp. vi-vii; 1898, p. xv. The legislation described was inserted in the Deficiency Appropriation bill on motion of Mr. Gear. The provision requiring full payment within ten years was added on motion of Mr. White, of California. (55th Congress, 2d Session, June 29, 1898, Congressional Record, pp. 6464-65.)
[587] United States v. Southern Pacific Company, p. 1199, testimony James Speyer.
[588] The exact amount of 4 per cent bonds to be deposited as security was $58,820,000.
[589] United States v. Southern Pacific Company, p. 1000, testimony Griggs.
[590] 30 United States Statutes 1214, 1245 (1899).
[591] At his death in August, 1900, Huntington owned 37½ per cent of the stock of the Southern Pacific Company.
[592] Full information with respect to the Union Pacific-Southern Pacific merger case is to be found in the record and briefs submitted to the Supreme Court. The testimony and exhibits in this case fill thirteen volumes, and constitute an important addition to the source material on railroad transportation. The case is discussed in detail in Daggett, “The Decision on the Union Pacific Merger,” in Quarterly Journal of Economics, February, 1913, and in another article by the same author, entitled “Later Developments in the Union Pacific Merger Case” (ibid., August, 1914).
[593] This question of the diversion of business from the central route has been discussed in Chapter XX.