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The original 1862 Act's long title was An Act to aid in the construction of a railroad and telegraph line from the Missouri river to the Pacific ocean, and to secure to the government the use of the same for postal, military, and other purposes.
June 16 – Cowes and Newport Railway opens the first section of passenger line on the Isle of Wight (England) between the two towns of its title (4.5 mi (7.2 km)). [7] June 20 – The bill that will become the Pacific Railroad Act is passed by the United States Senate.
He successfully built railroads in the Midwest, and, after an 1862 act of Congress created the Union Pacific Railroad, John A. Dix was elected president and Durant vice president of the company. Durant assumed the burden of management and money raising—and, with much money at his disposal, he helped secure the 1864 passage of a bill that ...
Planned by Judah, the Central Pacific Railroad was promoted by Congress by the Pacific Railway Act of 1862 which authorized the issuance of government bonds and land grants for each mile that was constructed. Stanford served as president (at the same time he was elected governor of California), Huntington served as vice-president in charge of ...
The original company, Union Pacific Rail Road (UPRR), was created and funded by the federal government by Pacific Railroad Acts of 1862 and 1864. The laws were passed as war measures to forge closer ties with California and Oregon, which otherwise took six months to reach.
On July 1, 1862, after the passage of the Pacific Railway Acts, an entity called Union Pacific Railroad was incorporated.The act was approved by President Abraham Lincoln, and it provided for the construction of railroads from the Missouri River to the Pacific as a war measure for the preservation of the Union.
Originally planned as a line from Atchison west into Colorado, and given federal land grants by the Pacific Railway Act of 1862 as one of the branches of the Union Pacific Railroad, it was left with a hanging end at Waterville, Kansas, when the Union Pacific Railway, Eastern Division, with which it was to connect, changed its route. [1]
After the 1862 Pacific Railroad Act, Ogden was named as the first president of the Union Pacific Railroad. Ogden was a good choice for the first president, but his railroad experience was most likely not the primary reason he was chosen; Ogden was a clever man who had many political connections.