Note 161 — Chapter VI

Opponents of the Central Pacific described the transaction in 1886 as follows: “Huntington, the incarnation of this hostility, whose name was an inspiration of personal aversion, entered the state on the 24th of June; and the suggestion is, that the Court shall believe that under these circumstances, the directors of the California Pacific loaded their staggering trust with a new debt of $1,600,000, on which interest should commence at once, to pay for a second track, not to be finished until about two years, at the small end of their railroad where there was no need of it, at a point where it was doubtful if one track would stand—and contracted with their hereditary enemies to do it—all without the remotest reference to any purchase of, or intended future control of the corporation!”