Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1889-05-11


done on the aided lines of said companies has
been diverted to The lines of shy other company
or to non aided lines, and what amounts have
OF said aided railroad companies, by their gen.
erai freight and passenger agents or auditors,
by way OF rebate, percentage OF business done,
constructive mileage, monthly or other pay
ments or any pooling or rate arrangement con-
| tract or agreement; and also TO inquire into,
ascertain and report as TO the kind, character
and amount of the assets of said companies, and
subject to the lien of the Govern
ment, and the value thereof; and also
| whether any dividends have been nm
lawfully declared by the Directors or paid to
the stockholders of said companies and, if so,
to what extent, and whether the amount there
of may not be recovered from the Directors I'M
lawfully declaring the same or persons who
have unlawfully received the same: whether
| the proceeds of any trust funds or lands loaned,
! advanced, or granted have been diverted from
| their lawful use; whether any new stock or
| bonds have been issued or any guarantees or
p edges made contrary to or without authority of
| law; whether any of the Directors, officers, or
| employees OF said COMPANIES, respectively, have
been or are now directly or indirectly interested,
and to what amount or extent, in any other
| railroad, steamship, telegraph, express, min
| ing, construction, or other business company or
| corporation, and with which any agreements,
undertakings, or leases have been made or en-
! tered into: what amounts OF money or credit
have been or are now loaned by any of said
| companies to any person or corporation; what
| now borrowed by any of said companies, CIV
| ing names of lenders and the purposes for which
| said sums have been or are now required; WI at
! amounts OF money or other valuable considera-
| ton, such as stocks, bonds, passes, etc., have
| been expended or paid out by said companies,
| whether for lawful or unlawful purposes. but
| for which sufficient and detailed vouchers have
not been given or filed with the records of said
| companies; and further. to inquire and report
| whether said companies, or either of them, or
their officers or agents. have paid any money or
| oil vain a nnn dn,a
| other act or thing, for the purpose of in
fluencing legislation; and 10 investigate
| and report all the facts relating to an
alleged consolidation of the Union Pacific Rail
! road Company. the Kansas Pacific hallway
| Company, aud the Denver Pacific Railway and
| Telegraph Company, into an alleged corpora
| ton, known as the Union Pacific Railway Com
pany. Said investigation shall include the
| alleged sale of the stock of the Kansas Pacific
| Railroad Company 10 the Union Pacific Rail
| road, and all the circumstances and particu-
| whether any OF the Pacific railroad cor
porations which obtained bonds from the
United States to aid in the construc-
ton of their railroads have expended any of
| their moneys or other assets in the construc-
iion or to aid in the construction of other rall-
| roads, or invested of their moneys or other as
| sets in the stock or bonds of any manufacture
/ ing mining and commercial companies or cor
poratioDs, or other railroad corporations; and il
any such expenditures or investments have
been made the extent and character thereof
made by each OF said corporations shall he in.
quired into, aud also the present interest of any
OF said corporations in the railroads auxiliary
| to their respective railroads
| And said Commission shall also ascertain and
| report the names of all the stockholders in each
| of said companies, from its organization TO the
date Of the investigation herein provided for as
| they appear on the books of said companies at
the date of its annual meeting in each wear. the
amount OF sock held by each: what considera.
| ton, if any, was paid by each stockholder to
| said company tor his stock and when and in
|
date when each stockholder so appearing on
| the books became such: and whether stock is
now held or has heretofore been held in the
name OF any person in trust for the benefit of
| any other and the names of all such persons;
the total amount OF the stock in each com pany,
| and the dates and amount of any increase OF
| such stock, and the reason for such increase
| and the amount of the annual salaries or com
| pensation that are low or at any prior time
have been paid to any officer or employe of said
| company. wnen such salary or compensation
amounts to $1,000 or more per annum and the
names OF the persons now receiving or who
| have heretofore received such salaries or COM
pensation, and all bonuses Or donations which
may have been given or paid to any such per.
SON; and all payment made under The head Of
| legal expenses, to whom made and the amount
paid to each, and for what specific services such
| payments were made.
Said Commission shall also INQUIRE into and
report upon the relations of said railroads 10 the
interests OF the communities through which
| they pass to all questions concerning the nav.
ment of taxes, especially upon lands granted by
Congress- and the delay of said companies in
| taking out patents for such lands; the rates OF
iare ana freight charged, determinations differ
entails, pools and other devices and the facili.
ties and accommodations furnished to the
| patrons of such roads; and their report shall
embrace consideration OF the interests and
| rights OF said communities as affec ed by what
ever plan OF settlement or payment OF the exist.
ing debt may be proposed.
SAID commissioners shall also consider and
report whether the interests of the United States
/ a m fcr
ance of the obligations to the United states OF
said companies. or any of them, and the facts
ana circumstances upon which said opinion is
based, including the security held by the United
| States for the performance of such obligations
| and the value thereof and the value of the
property OF such companies. and either of them
| not included in such security, and what further
security 1t is eXpedient that said companies
snail be required to give; and II in their opinion
such extension shall be required by the interests
OF the United states, they shall submit scheme
for such extension, which shall secure to the
United States full pay ment of all debts due them
from SAID companies, with reasonable rate OF
interest. In such time as the Commissioners
snail propose, having due regard to the finAn,
cial ability OF said companies and the proper
conduct of their business in such manner as
shall afford efficient service to the public.
And the said Commission shall report in full
IN regard to all such matters aforesaid. and in
regard to any other matters which may be as
certalned or come to their knowledge in re-
gard 10 said COMPANIES respectively, on or be
tore December /. 1887, to the President of the
United States. who shall forward said report &c
Cong ess, with such recommendations or com.
ments as he may see fit to make in the premises
J The Commissioners shall also ascertain The
average cost per snnum of Government trans
portation IN the region now trayersed by the
Pacific railroads between the year 1850 and the
completion of said roads, ard also the average
cost per annum since such completion. and
what additional facilities have been furnished
to the government and the people by said roads
also to inquire what discount the Pacific Rail
road and its several branches were forced tC
make. in disposing OF the bonds guaranteed by
the Government, to obtain the gold coin which
was the currency of the country through which
the greater part of said roads passed; also &c
ascertain the comparative cost of construction
OF SAID roads as compared with what they
! would have cost with the price, of labor an6
commodities prevailing five years preceding o.
five years subsequent to the completion of saiC
roa1s; also 10 inquire whether or not the
, paclhc Railroad was completed in less tim,
than was allowed by law, and, If 81
how much less time, and If the United State
was benefited thereby: also to inquire If eithe
OF the Pacific railroad companies have beer
embarrassed and their earning capacity i'm
psired by antagonistc local or State legislation
also 10 inquire if the United States, since tn,
, Union and Central Pacific Railroad Companies
accepted the terms proposed by Congress for tn,
3 construction of the Pacific Railroad has granted
aid in lands for building competing parable
, railroads TO said Pacific railroads. and II so
, how many such roads, and TO what extern
such competing lines have impaired The earn
ing capacity of the Pacific railroads; also to in
qure if the United States have contracts will
, branch roads controlled by either of said Pacific
roads for carrying United States mails and, if so
what service has been performed by them anC
{ what money. II any, has been paid for sucl
service, and what remains due and unpaid anC
IL the United States by failing TO pay TO
such mail services has embarrassed sale
railroad companies, or either OF them
! in paying their Indebtedness to the United
states; also to inquire If the several Pacific
railroad companies have complied with the pro
visions OF AN act to alter and amend the &C
!, entitled An act to aid in the construction of
{ railroad and telegraph line from the Missouri
e river to the Pacific ocean. and to secure to th,
I Government the use of the same for postal mil
{ iiary and other purposes, approved July ], 1862
and also to a ter and amend the act of Congress
approved July ., 1861 in amendment of sale
hrst-named Act commonly known as the Thur
: man Act. and, If not. in what particulars the,
= have failed 10 comply; also 10 INQUIRE wha
a sums the Pacific railroads and their branche
: can severaliy pay annually on account of thei
Indebtedness TO the United States without i'm
posing such burdens upon the people, and par
: ticularly upon the localities through which tn
4 roads pass, as 10 retard the development of III
| country.
That the Commissioners hereby created, o
| either OF them, shall have power to require tn
: attendance and testimony of witnesses and tn
q agreements aud documents relating to the mat
ter under investigation and TO administer oaths
!, and 10 that end may invoke the aid of an
u Court of the United States in requiring the al
tendance and testimony of witnesses and tn
: production of books, papers and document
r under the provisions of this section. Any of III
. Circuit and District Courts of the United State