, 1870-12-23
THE PACIFIC RAILROAD BONDS
Attorney General AkermRn on the
Legal Aspects OF She Question.

Legal Aspects OF tho Question.
Tbe follox,np sre the rotpta 1nsde by TIM
Attorney General in bis report on th9 above
Eupleek 20 SeGett1y bonL9e
nj Hnnores. rp.tre M rs ,ne psrinc RsiInnass IL
conr,rnss. 1.nr rnVernntnt IA, tstnen ia b.,nSt
tn the i;sinn lsr,dr Rs.1fnsS t:omnsnr IN tsn
amS.nrS n m,n1 mjijjnns. II nss najd ne aerne1
infst, st On iheae hond1. Eoon A anplcSuon to
the co1npsnJ 10 reinhnrse te:s ioseresT, ihe cam
kas M rslId r1atrn MIN he c5nnsny Yor
rEimburEment OF iu,ertst mill the prtntI-
nsl Of thn bonds ahatl be due. ex-
r. ut as IN one.hsIf oi the cnmnenkation tof ser.
vices rrnde1ea ~ 1he cpmnany for the covern.
mept and A. 10 S per cenipm Of ths net earnings
q the road alter il completion. il Tie company
fne Il tf,sst rwtre = ye1r' Ard Tatr ,strty Teafs
for ia nv rxrsnt ie ni,ah1y s. iii srn nv, ii
ons-ns!i The sonpensstoD one = the company on,
lie mel "a n.nfS the amouot Tntcn the cor
nsnV W,if rhns nwe me enIernment AZ tse exnirs,
1n. ,'Sn Of sn {s'11 WI honS o. nsa1 ms5e
T. eastsea aSslusi the T conps ". tsud While t,Sss
con naoS he eoyetnment Wfls ali sne r1ne BE- nav
ipR 10 ite company one.halt Of Inc value of tue
EeTvices Ieudtred TO It by the company. without
stt1Iiy Ihsx he rnrd snd si snnurvensot pcooeFfy
ihcr1 ssed debt then due to rna government aftes
tht ffs II uortRarc e. EDITOR, sa nave oeen sa{ly-
led. MeanTni!s. the eonpauy may be paying
diyitt tnds to in stocfboioe,s out of eato'nss
Eaich nstuis Justice voa!a spply 2 ;hs Ts!,si g
fcsd has hen msipjy buIlr. :.
Fnrthe,moIe. he Companies should be held to
t1e .er%. q ,ne sexeFs! sf.. of cong:es. pro; :;
oc..s a1u v, son,stS,nx ux. v.,u,htn
i isssss.ess r e; p ese'ssspss = 2
xxhsn ~ inot =, ,Hs ,rhn1a m.,trr ma sss hi
nc ~ 'as dces top ta cn,nV 1o ma
soE s!e The COMPANY 1sqalrsa Il 1stqfn 70 ap
gnvsrnMent snd rnInnspI ~ xnhs1snstn,tT IN I'm
ge,.fan II oan. any sna i1nee Ton enmnsn1 ~ .S.
ats lt,e, % ,sfs, tas p!ns,pa' I'D !1tstsss
,,na Thsn 1he IN" in.s1r,, /. - t,s Ie,ata n Sns
shssr r. ,f diafinct nroylsions nno, thns susiect
9ns nns1 ~ IT. - te
Pa5n'd se hoasd 10 loi reimboe snS H.
Ttsr Tecsni,n's,ina ~ hin1n1 facfa n ,ha
sets e -: q! Assim.a soasss e 5ae so1;is; :;
| fns envsrnment m srscf Iconfar fn.rrest AZ ~
honds sSE hefore ms,artt1. In the isaausae Quoted
s sStns .S - -t.5, AZ a.tnS ~ sss.
=, 1e3'aon ~ made o. sna sos
e p sao1 e . 1sss 5;
oas y 9ne6 a9as aa p0
@ sn's ~ ~ " 1 s"cttn Mua s1 .4a
nlaess tneeisss ,s men ~ Ralne:pal, 1o "a
.t,s.. ~ ta1a ,h,e :. ~ ar,oe;,s9 ~ !, an.
i % @ Go.d hs, ten - fne p%1aeipM; % fs9'. a9
l 1N,u.
Que, Ano 1s 70 INC anteless u sisuiasa
tnc ume Nnen taE s1ttsest IAas une
ConceoicR taet thas IN Hol tnf Moee coMMo0
Meanino 81 tne Hniu MA!at'tJs ~ sppIGl "
snSc unos. tn1ae esas te.S - s1vasn ~ ~
WnMe Gah.ac:eI Vt tae Sa esaentss INV n1ues "a
a3nsuoa ~ Aa.ao!iMs suts y @ " IL =
Nou&Rn r., ~ P!oea4tuf tot ~ Eut.J upVa ~
granted 1nds. provided II enecs lof an entry !ai
asIanlt wnlen Hsi9at nspRen oelose bct5 \. as.s
ana suea oe!aun c4a oe an kne makssI .! lntsses
aone. I0ouss! 70! toa SomPany usts y 9's uuS ~
ment u supPHA o. tnets vsMa 3io; hs
ol tas nIt4 kxEson o. too ~ VI sns y ioo:.
ontt oke. aaI q tne compeukAuon III Tue 1eaNscti
tepMs.ea Iot ths Rossi ams -, ~ hel1 CosnPsn5 Y
SnA oe Ie4u!tca to ~ a2P tcu y tnu ps5 uent -
ne e!Cos istntd " toe gvsetn!.emt q a., ~ .9s
!. cnEsHEsuon 81 sala tesn: Nss y. 2: s.tt's =
ee 9. w s1sa 3 i ,,,s ~ tnS
1Ik " lsez on lHs sunJscs u. An .Ae.uoaswI "
Tor services rendered Tor the Sotftnment snA!
oe appMeo r. aae paymsnt 81 ss1 ss,1. oouos aa'
hRLeet 9nnI y We Hnois Amonns ~ aa't5 pai.
IneIe - Sats nlueleaCe pstHecu snS tsts ~. -.
ptpslnon anM tns amcnaurae; iaas saE tasen -,
oua!, " nous !. ess .ae. = ~ LUZ m -. ~
MeIS in!enuoneu u s9o"s thAt C2uAtsss ~ 49,
. lGR NE Amsuaio9 " aosenoea 70 esase ~ .3
a. tee psos!stena ot tae oI.s'qat sct ID .ets';o
II, ss9qs'',1 VI ~ I'm nena,,in
nucGu asun ,Sst ssrss
v@ns'eAA @ saa,s ~ 70 at tn!y y'i.,e. e' ~
l eon anopI 70 apptssou " L.. so,a. ~ ~
= " Nia wv nssus'p1. ~ .H9 - *