Show I HOW MULTIMILLIONAIRES MUL WERE MADE Charles Edward Russell in Hamp Hamptons Hamptons tons Magazine Is revealing In an au as astounding astounding series of or historically accurate accurate rate articles and drawn dm wn from Crom court records and antI railroad lon re reports reports ports time thu amazing details of the tho moth meth methods ds whereby tho UIO Central Pacific anti and Southern Pacific railways came camo to dominate the time State Slate of California In Inthe Inthe the tIme early days das a good deal of It wan WH I done dODo by b the tho exploitation of the people and the time government through Ute the th con comm contract I tract companies Speaking of o Charles Crockers contracting transactions Mr Russell says The Tho contracting flint firm of oC Charles Charlos Crocker and Company Compan was composed of Mr Ir Charles Crocker and accord accordIng Ing to his testimony of nobody else elso Previously ho he had been a n dry dr goods boods merchant In the Plaza at Sacramento and then timen In 1861 one of the organizers 2015 and antI directors of the Central Pacific He Ho was the contractor that built buill for or that road its first fow ow miles s The Time dual capacity of o director and con can contractor contractor tractor by b which of course a man must as director voto vote contracts to himself as ad a contractor seems to have aroused criticism among doubtless tho captious and unsympathetic and amid the next few miles were done by br many man contractors In small bits When un mm undesirable desirable persons p rons had been frozen from Crom the tho enterprise Mr lr Crocker re me resigned signed from the thu directorate whore where ho lie was succeeded by b his imIn bother and took tho tim contract for fOI tho the rest of the road from rota the tho mile to a I point near tho the state boundary or ono hundred and miles from Sacramento This contract disappeared with the tho books that in young Mr 11 Yost saw Mr 11 Hopkins pack into boxes AR As the firm composed of oC ono one man wont went along It needed money mono which was aM supplied to It or to him as you OU prefer by b tho time Central Control Pacific Rail Railroad road company consisting of himself unil three others other from front the time proceeds of bonds that had been boen grunted granted by lIy the government govern t He lie was supplied also with tho the bonds themselves and with the stock Block He lie said afterwards that for forthe tho the first eighteen miles he received in cash In stock and In iii bonds It Is interesting to 10 note nolo that for forat forat forat at least eleven elev n of these miles tho the Central Pacific Company received from froni the government which was moro more than enough to build tho the whole eighteen leon Pot For some of the miles Chas Crocker and amid Company secured aa as a much as aa asI I or oven OOOO a mile For excavating earth they the he or It re received received received from JO O 0 to 1 15 50 a yard and for excavating rock roc It as much as 10 a yard in 1867 time tho firm completed the one hundred and I mile end nd the tIme remainder of tho the work was transferred to time the Contract and Finance Company Com pan of which young Mr Miller was wall subsequently the secre secretary tary tar tarI I said in my article last month that for a very vor er peculiar reason Mr Ir Crock Crocker er Or did lid not retain retail tho the stocks and bonds he received for his work worl In ing lag tho railroad The Tho peculiar reason was that he turned over all these se so securities securities enmities amounting to more than to his successor the Con Contract Contract Contract tract and antI Finance Company Compan which Immediately I distributed them th m among Its Us stockholders I And who were they the I Leland Stanford C P Huntington Mark Hopkins and Chas Crocker Crochet I |