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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.
The July 1, 1862, Pacific Railroad Act signed by President Lincoln established government funding for the construction of a railroad from the Missouri River to the Pacific Ocean in order to open a main line mail route across the western frontier. The act was officially entitled "AN ACT to aid in the construction of a railroad and telegraph line ...
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.
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 ...
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 ...
An early version [1] of the Pacific Railway Act of 1862 included a branch north into Oregon, but this was left out of the law as passed. [2] [3] In its place, an 1866 law [4] gave land grants to California and Oregon to convey to the California and Oregon Railroad of California and a company to be designated by the Oregon Legislature that would build the line.
The original company, the "Union Pacific Rail Road", was incorporated on July 1, 1862, under the Pacific Railroad Act of 1862. President Abraham Lincoln had approved the act, which authorized railroad construction from the Missouri River to the Pacific to ensure the stability of the Union throughout the American Civil War , [ 3 ] but ...