Central Pacific Railroad Copy Letter in Duplicate of 18 June 1898 Hon John T

Cover Central Pacific Railroad Copy Letter in Duplicate of 18 June 1898 Hon John T
Central Pacific Railroad Copy Letter in Duplicate of 18 June 1898 Hon John T
John T John Thomas Doyle
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A firm of German bankers in New York pointed out tliis w^eak spot in Mr. Huntington's case to him, and offered if it were remedied to take up the loan, and float the first lot of bonds at a price named. As if to emphasize the fraud on the Central Pacific Compan}^ and illustrate more clearly if possible, the Germans insisted on, and Messrs. Huntington ifc Co. Consented to, a modification of the lease to the Central Pacific Company, whereby it was made to continue in force absolutely for five yea...rs and thereafter, until the Southern Pacific should have extended its road so far as to connect directly by rail with the waters of the Atlantic. This modification was made and executed, and the preliminaries having all been duly arranged, and the comedy fully rehearsed, there appeared on a certain 12 morning an advertisement* in the New York Tribune, announcing that the Southern Pacific Raih'oad Company would receive sealed proposals for ten million dollars of their six per cent, first mortgage bonds, describing them, down to an hour named, Sec, &c.

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