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Chapters on the History of the Southern Pacific

Note 121 — Chapter IV

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There is some evidence that $6,000,000 of this cash was not strictly cash, but took the form of notes of the Central Pacific Railroad which were ultimately settled in land-grant bonds at $86.50. (United States Pacific Railway Commission Report, p. 75.) Mr. Crocker says that the interest on a portion of these bonds paid his expenses on a trip to Europe. (Ibid., p. 3668, testimony Charles Crocker.)

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