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The Pacific Railroad Act of 1862 (12 Stat. 489) was the original act. Some of its provisions were subsequently modified, expanded, or repealed by four additional amending Acts: The Pacific Railroad Act of 1863 (12 Stat. 807 ), Pacific Railroad Act of 1864 (13 Stat. 356 ), Pacific Railroad Act of 1865 (13 Stat. 504 ), and Pacific Railroad Act of ...
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In July 1866, the Pacific Railway Act was amended, authorizing the Central Pacific (CP) to build east until it met the line being constructed by the Union Pacific (UP). [4] The amount of land and money each railroad would be granted was proportional to the number of miles of track laid, causing the two railroads to start building in earnest. [5]
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Map of NPR Land Grant, c1890. The 38th United States Congress chartered the Northern Pacific Railway Company on July 2, 1864, with the goals of connecting the Great Lakes with Puget Sound on the northwestern coast of the United States on the Pacific Ocean, opening vast new lands for farming, ranching, lumbering and mining, and linking the Federal territories and later newly admitted to the ...
The Northern Pacific Railway (NP) was a transcontinental railroad that operated across the northern tier of the western states, from Minnesota to the Pacific Northwest. It was approved by Congress in 1864 and given nearly 40 million acres (62,000 sq mi; 160,000 km2) of land grants, which it used to raise money in Europe for construction.
Construction of the road was financed primarily by 30-year, 6% U.S. government bonds authorized by Sec. 5 of the Pacific Railroad Act of 1862.They were issued at the rate of $16,000 ($265,000 in 2017 dollars) per mile of tracked grade completed east of the designated base of the Sierra Nevada range near Roseville, CA where California state geologist Josiah Whitney had determined were the ...
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