The Pacific Railroads and the Relations Existing Between Them and the Government of the United States1879 - 16 páginas |
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The Pacific Railroads, and the Relations Existing Between Them and the ... Henry Varnum Poor Sin vista previa disponible - 2018 |
The Pacific Railroads and the Relations Existing Between Them and the ... Henry Varnum Poor Sin vista previa disponible - 2016 |
The Pacific Railroads and the Relations Existing Between Them and the ... Henry Varnum Poor Sin vista previa disponible - 2018 |
Términos y frases comunes
account of Government account of interest act of Congress allegation of insolvency amount annually applied bonds and interest bonds issued capital Capitalists Central Pacific Railroad centum charges on account charter Claims to recover Companies to repay compel compensation for services conservative minds continent contracts for construction Court of Claims Credit Mobilier debt decision defendant dollar due the Company earnings enterprise equity expenditures expenses chargeable falls due favor five per cent Government in aid GOVERNMENT TO WITHHOLD Government transportation INCORPORATING THE PACIFIC indebtedness interest are paid judgment loan ment nation net earnings October term one-half PACIFIC RAIL Pacific Railroad Companies pany parties pay the interest payable principal and interest proper question repeal resorted respective roads road is completed second lien services rendered sinking fund sooner opened sovereign and legislative Supreme Court sustained Thurman Bill tion transportation charges tribunal Union Pacific Company Union Pacific Railroad whole wholly
Pasajes populares
Página 10 - ... namely, to promote the public interest and welfare by the construction of said railroad and telegraph line, and keeping the same in working order, and to secure to the government at all times (but particularly in time of war) the use and benefits of the same for postal, military and other purposes, Congress may, at any time, having due regard for the rights of said companies named herein, add to, alter, amend, or repeal this act.
Página 3 - States, to be allowed at par; and after said road is completed, until said bonds and interest are paid, at least five per centum of the net earnings of said road shall also be annually applied to the payment thereof.
Página 7 - Theoretically, the expenses chargeable to earnings include the general expenses of keeping up the organization of the Company, and all expenses incurred in operating the works and keeping them in good condition and repair; whilst expenses chargeable to capital include those which are incurred in the original construction of the works, and in the subsequent enlargement and improvement thereof.
Página 5 - ... and in such suit the right of such company to recover the same upon the law and the facts of the case shall be determined and also the rights of the United States upon the merits of all the points presented by it in answer thereto by them...
Página 7 - ... amount is fully paid. Said company may also pay the United States, wholly or in part, in the same or other bonds, treasury notes, or other evidences of debt against the United States, to be allowed at par; and after said road is completed, until said bonds and interest are paid, at least five per centum of the net earnings of said road shall also be annually applied to the payment thereof.
Página 12 - That there shall be carried to the credit of the said fund, on the first day of February in each year, the one-half of the compensation for services hereinbefore named, rendered for the Government by said...
Página 8 - ... towards the payment of its subsidy. If the five per cent of net earnings, demandable from the company, amounted to a new indebtedness, not due before, like a rent accruing upon a lease, a more rigid rule might be insisted on. But it is not so; the amount of the indebtedness is fixed and unchangeable. The amount of the five per cent and its receipt at one time or another is simply a question of earlier or later payment of a debt already fixed in amount. If the employment of any earnings of the...
Página 9 - ... or who may have received as dividends or otherwise portions of the capital stock of said road or the proceeds or avails thereof, or other property of said road, unlawfully and contrary to equity, or who may have received as profits or proceeds of contracts for construction or equipment of said road or other contracts therewith, moneys or other property which ought in equity to belong to said railroad corporation, or who may, under...
Página 13 - Treasury, to the credit of said sinkingfund, the sum of eight hundred and fifty thousand dollars, or so much thereof as shall be necessary to make the five per centum of the net earnings of its said road payable to the United States under said act of eighteen hundred and sixty-two, and the whole sum earned by it as compensation for services rendered for the United States, together with the sum by this section required to be paid, amount in the aggregate to twenty-five per centum of the whole net...
Página 6 - ... enough in the scheme of the act, and in the purposes contemplated by it, to show that Congress never intended to impose •on the corporation the obligation to pay current interest. The act...