The outcome of the case between the Board of Commissioners of Tippecanoe County and Lucas, Treasurer, was that the Supreme Court of the United States upheld the decision of the Supreme Court of Indiana, which had ruled that the subscription and payment for stock in the Lafayette Muncie & Bloomington Railroad Company by the board of commissioners of Tippecanoe County was valid. The court held that the subscription and payment were authorized by an act of the Indiana legislature and that the approval of the electors of the county had been obtained, as required by the act. The court also found that the subscription and payment were made for the purpose of promoting the public interest and welfare of the county and that they were not in violation of the state constitution. The decision was handed down on November 18, 1876.