Some years after the Central Pacific and Western Pacific railroads were completed, Leland Stanford laid before a committee chosen by Congress the following memorandum showing the receipts of these two roads from all sources up to December 31, 1869: MEMORANDUM SHOWING THE RECEIPTS OF THE CENTRAL AND WESTERN PACIFIC RAILROADS FROM ALL SOURCES TO DECEMBER 31, 1869 Approximate Par Sum Source of Funds Value Realized United States bonds issued to Central and Western Pacific $27,855,680 $20,735,000 Central and Western Pacific first mortgage bonds 27,855,560 20,750,000 Central Pacific convertible bonds 1,483,000 830,000 Central Pacific state aid bonds 1,500,000 980,000 City and County bonds: San Francisco to Central Pacific 400,000 300,000 Sacramento to Central Pacific 300,000 190,000 Placer County to Central Pacific 250,000 160,000 San Francisco to Western Pacific 250,000 175,000 San Joaquin County to Western Pacific 250,000 125,000 Santa Clara County to Western Pacific 150,000 100,000 Land sales, balance Central Pacific 107,000 Profit and loss balance, January 1, 1870 1,610,000 ———————— ——————————— Total $46,062,000 Company owed Contract and Finance Company 1,827,000 ——————————— Grand total $47,889,000 We have in the foregoing table a summation of the resources on which Judah and the Huntington group were able to draw in order to build a transcontinental road. It will be noticed that there is no mention in the table of the personal fortunes of the associates, unless the contribution of these gentlemen appears in the profit and loss balance, or in the debt to the Contract and Finance Company—none of the earnings of the railroad during construction, and none of the proceeds of the sale of Central Pacific capital stock. Under these categories some slight addition to Stanford’s list must probably be made, though the importance of the addition will not be great.