United States v. Central Pacific Railroad Co. - 99 U.S. 449 (1878)
U.S. Supreme Court
United States v. Central Pacific Railroad Co., 99 U.S. 449 (1878)
United States v. Central Pacific Railroad Co.
99 U.S. 449
1. This case, in all material respects, involves the same questions as Union Pacific Railroad Company v. United States, supra, p. 99 U. S. 402, and the court adheres to the conclusion there announced as to the time when the road must be considered as completed, so as to render the company thereafter liable to pay annually five percent of the net earnings of the road for the purposes mentioned in the sixth section of the Act of July 1, 1882. 12 Stat. 489.
2. The rulings in that case upon the question of the earnings and expenditures of the road, and upon the principles by which the amount of net earnings is to be ascertained and in what manner paid, reaffirmed.
The facts are stated in the opinion of the Court.