The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-07-12
myth of the proposed road was lis

length of the proposed road was lis
miles.
Under the law 800 for each mile
was required to be paid in and this
was presumably done, making an
actual investment Of $11, 500; which
sum no doubt represents the true
and only amount of money then or
ever actually invested by the projec-
tors in the building of said road,
since it is plain that they could not
have asked much more, as in 1860
Chas. Croker, then a small dry
goods dealer had, all told, $26, $50;
Mark Hopkins and G. P. Huntington,
hardware dealers, $15, 430; C. P. Hunt
ington, $3.50; Mark Hopkins, $1l, 200,
and Stanford and Brother $50, $50, or
less than $l2O, 900 in all.
At this time there was no rival
route projected, the Central Pacif-
ic, or Dutch Flat swindle-as it
was then termed,-and the Placer
vile, or Hang Town route. The race
between the two was lively, but as
the California legislature guaranteed
the interest on $1,5OO,OOO of the CEN
trail Pacific bonds, the bill being
passed while Stanford was governor,
that company got the lead, even if
it became necessary for speaker Bill
Sears to decide that in parliament
tary law morning and evening
session during the same twenty-four
hours were two legislative days.
The history of the road from it's in
ception has been replete with fraud
and violation of law, and of the mil
lions said to have been possessed by
Stanford and his pals, very little if
any was acquired by acts of legality
or integrity, but most has been
Jtlched from the United States, the
people, and smaller holders of securi-
ties.
The brains of the enterprise was
T. D. Judah, who conceived the
whole plan but died before the road
was completed, his widow being put
off, it is said, with $3.50, 600 for an in
terest in an estate the balance Of
which realized millions.
The road was built on United
States, state, county, and city aid,
and the directors of the road, STAN
ford, Huntington, Hopkins and
Croker, transferred it's assets to
their own pockets by means of let
ting building contracts to them
selves under the name of S. H. H. &
Co. Charles Croker & Co., Contract
and Finance Co., Western Develop
ment Co., Pacific improvement Co.,
etc., till in time by industry (?) and
economy (??) they waxed exceeding
fat financially, and in 1878, when Mark
Hopkins, one of the firm died, he had
by his inventory from Probate Court,
San Francisco, the following:
HO2,812 shares Central Pacific, r. r.
Co.; 1880 shares Southern Pacific;
1854 shares California; 1905 Sac. and
Placerville; 1,49S Amador; 222 Berke-
ley; 1851 Stockton & Copperopolis;
LIP Market Street; $50 Los Angeles
& San Diego; 1880 Potrero & Bay
View; 1853 Capital Savings Bank; 60
shares Home Mutual Insurance Co.;
20 shares Pacific Mutual Life Insur-
ance Co.; 2,4911 shares Western De-
velopment Co.; sos shares Mission
Bay Bridge; 10000 shares o. & o. S. S.
Co.; I'LL shares Colorado Steam
Nav. Co.; 2,7184 shares Wells, Fargo,
& Co.; 1877 shares Rocky Mountain
Coal; 5000 shares lone Coal; 1924
shares Oakland Water Front; 2,3S73
shares Capital Gas; 1OS shares Don
ner Lumber Co.; 1850 shares Omaha
Gold Mining Co.; $50 shares Richelieu
Gold Mining Co.; 20 shares Riverside
Road Co., and bonds as follows:
$4,000 Southern Pacific R. R.
Co.; 81, 400, 800 Central Pacific; $45, 900
California Pacific; 100000 Cal. &
Oregon; 100000 S. F. O. A.; & 1000
Berkeley; $4,000 Amador; $55S,OOO
Sac. & Placerville; $3.50 State Aid;
500 Sacramento City; $129,375 United
States; $4,000 Los Angeles Bridge;
$271, 7s4.O9 in cash; $9O9, 229.s8 in real
estate; $2,719, 72S.9O in debts due him;
1856, 1885, in notes; $247 ,945. "a in fur
niture $9,781 in horses; also ! of 1O3,
851 shares Central Pacific r. R.; 3
shares Mission Bay Bridge.
Bonds of Sacramento City. S 1925
g United States. $50
" +" Central Pacific. :. $4,000
=" California Pacific
r. R. 10000
I" Sac. Valley r. R.. 1900
Claims. 365, 915 Is
The total value of this interest
was over $4,000, 900; and will present
a fair inventory of the class of prop
erty held by each of the four; hence,
with the accretions of fifteen more
years, it is probable that the prop