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How can this sum be assured to the United States without
bankrupting the Railroad COmapyn is the all important
and only questions to be solved.

The argument on the one hand that certain persons
have made immense fortunes in the construction of the road
by getting out the contracts to themselves at exorbitant
prices and on the other hand that the early construction of
the road was of immense pecuniary benefit to the United
States that they were completed to dispose of their bonds
at an immense discount to purchase gold and that the United
States have granted bonuses in the shape of the land grants to
competing lines thereby seriously injuring the lessening
their profits are but side issues. The answer to the first
is that if fraud in the construction of the road and letting
out the contracts was committed there are laws upon the
statute books to punish all unlawful acts. The answer to
the last is that the haste in completing the road was not so
much accommodate the Government as to anticipate a racial
corporation [VI8?]: The Union Pacific Railroad so as to secure
as much as possible of the United States loan. That the
bonds were worth per in the legal currency of the country
and the discount which they paid was to turn them into gold
and that when they took them they were aware of their value
and they suffered no unexpected depreciation when they accepted
the contracts.

The United States by Act of the Congress approved July 1
1862 granted to the builders of the Pacific Railroads see
Section five (5) the loan of insurance of a certain amount of

How can this sum be assured to the United States without
bankrupting the Railroad COmapyn is the all important
and only questions to be solved.

The argument on the one hand that certain persons
have made immense fortunes in the construction of the road
by getting out the contracts to themselves at exorbitant
prices and on the other hand that the early construction of
the road was of immense pecuniary benefit to the United
States that they were completed to dispose of their bonds
at an immense discount to purchase gold and that the United
States have granted bonuses in the shape of the land grants to
competing lines thereby seriously injuring the lessening
their profits are but side issues. The answer to the first
is that if fraud in the construction of the road and letting
out the contracts was committed there are laws upon the
statute books to punish all unlawful acts. The answer to
the last is that the haste in completing the road was not so
much accommodate the Government as to anticipate a racial
corporation [VI8?]: The Union Pacific Railroad so as to secure
as much as possible of the United States loan. That the
bonds were worth per in the legal currency of the country
and the discount which they paid was to turn them into gold
and that when they took them they were aware of their value
and they suffered no unexpected depreciation when they accepted
the contracts.

The United States by Act of the Congress approved July 1
1862 granted to the builders of the Pacific Railroads see
Section five (5) the loan of insurance of a certain amount of