Pacific Railroads in Congress, 1877 and 1878: Proceedings Compiled from Official Records1878 - 694 pages |
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Page 6
... loan to it and as provided in said acts , the bonds of the United States , payable in thirty years from the date thereof , with interest at 6 per cent . per annum , payable half - yearly , the principal sums of which amount to ...
... loan to it and as provided in said acts , the bonds of the United States , payable in thirty years from the date thereof , with interest at 6 per cent . per annum , payable half - yearly , the principal sums of which amount to ...
Page 7
... loan . By another section , as amended by the act of 1864 , it is entitled to one - half of the account which each company may have against the Government for the transportation of Government troops , munitions of war , mails , and ...
... loan . By another section , as amended by the act of 1864 , it is entitled to one - half of the account which each company may have against the Government for the transportation of Government troops , munitions of war , mails , and ...
Page 8
... loan should the laws remain un- changed , the sum of $ 56,253,000 from the Union Pacific Company . In respect to the Central Pacific the case is this : The Government loan made to it was $ 27,855,680 . The interest upon that for thirty ...
... loan should the laws remain un- changed , the sum of $ 56,253,000 from the Union Pacific Company . In respect to the Central Pacific the case is this : The Government loan made to it was $ 27,855,680 . The interest upon that for thirty ...
Page 12
... loan for twenty - three years when it can borrow as much money as it wants at 44 and pos- sibly at 4 per cent . The six percents are therefore entirely out of the question . The objection to the four - and - one - half percents is that ...
... loan for twenty - three years when it can borrow as much money as it wants at 44 and pos- sibly at 4 per cent . The six percents are therefore entirely out of the question . The objection to the four - and - one - half percents is that ...
Page 13
... loan . The companies have to pay 6 per cent . interest but , mark it , there are no rests . Twenty- three years from now they have to pay the accumulated 6 per cent . interest , but there are no rests . If any one will make a ...
... loan . The companies have to pay 6 per cent . interest but , mark it , there are no rests . Twenty- three years from now they have to pay the accumulated 6 per cent . interest , but there are no rests . If any one will make a ...
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Pacific Railroads in Congress, 1877 and 1878: Proceedings Compiled From ... Pacific Railroads No preview available - 2018 |
Pacific Railroads in Congress, 1877 and 1878: Proceedings Compiled From ... Pacific Railroads No preview available - 2018 |
Common terms and phrases
act of Congress alter and amend amount annually assert authority bill BLAINE cent Central Pacific Railroad charter CHRISTIANCY claim commissioners Constitution construction contract corporations created creditors debt decision declared default dividends dollar duty earnings EDMUNDS ernment exercise existing first-mortgage bonds franchises Government grant half transportation impair the obligation interest issued Judiciary Committee Kansas Pacific Railroad land legislation Legislature lien loan maturity ment MERRIMON Missouri River mortgage net earnings object Pacific Ocean Pacific Railroad acts Pacific Railroad Company paid panies parties passed payable payment power of Congress President principle proposed proposition provision purpose question railroad and telegraph reference repeal reserved power right to alter road Secretary secure Senator from Maine Senator from Ohio Senator from Vermont sinking fund statute stockholders Supreme Court telegraph line THURMAN tion Treasury Union Pacific Railroad United vote Western Pacific Railroad
Popular passages
Page 112 - An act [to amend an act entitled an act] to aid in the construction of a railroad and telegraph line from the Missouri River to the Pacific Ocean, and to secure to the government the use of the same for postal, military, and other purposes, approved July first, eighteen hundred and sixty-two," approved July second, eighteen hundred and sixty-four.
Page 555 - ... a power reserved to the legislature to alter, amend or repeal a charter authorizes it to make any alteration or amendment of a charter granted subject to it, which will not defeat or substantially impair the object of the grant, or any rights vested under it, and which the legislature may deem necessary to secure either that object or any public right.
Page 116 - It must be conceded that there are such rights in every free government beyond the control of the State. A government which recognized no such rights, which held the lives, the liberty, and the property of its citizens subject at all times to the absolute disposition and unlimited control of even the most democratic depository of power, is after all but a despotism.
Page 663 - That the grants aforesaid are made upon condition that said company shall pay the bonds at maturity, and shall keep said railroad and telegraph line in repair and use, and shall at all times transmit dispatches over said telegraph line, and transport mails, troops and munitions of war, supplies, and public stores upon said railroad for the Government, whenever required to do so by any department thereof...
Page 34 - But if an act be done under a law, a succeeding legislature cannot undo it. '.The past cannot be recalled by the most absolute power...
Page 116 - There are limitations on such power which grow out of the essential nature of all free governments. Implied reservations of individual rights, without which the social compact could not exist, and which are respected by all governments entitled to the name.
Page 218 - A person has no property, no vested interest, in any rule of the common law. That is only one of the forms of municipal law, and is no more sacred than any other. Rights of property which have been created by the common law cannot be taken away without due process ; but the law itself, as a rule of conduct, may be changed at the will, or even at the whim, of the legislature, unless prevented by constitutional limitations. Indeed, the great office of statutes is to remedy defects in the common law...
Page 331 - I authorize and give up my right of governing myself, to this man or to this assembly of men, on this condition, that thou give up thy right to him and authorize all his actions in like manner.
Page 663 - ... by the Secretary of the Treasury, in accordance with the provisions of this act, the said road...
Page 663 - ... every alternate section of public land, designated by odd numbers, to the amount of five alternate sections per mile on each side of said railroad, on the line thereof, and within the limits of ten miles on each side of said road...