History of the Union Pacific RailwayUniversity of Chicago Press, 1895 - 129 pages |
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Common terms and phrases
Affairs aforesaid Ames contract amount Atchison built California cent Central Branch Central Pacific Railroad CHART charter committee completed consolidation construction cost Credit Mobilier Investigation debt Denver Pacific directors enterprise February 19 first-mortgage bonds funds further enacted Gould gross earnings Hoxie contract Ibid income interest issued Kansas Pacific Kansas river land grant Leavenworth ment meridian of longitude miles of road Missouri River mortgage Oakes Ames Oliver Ames Omaha one-hundredth meridian operating expenses Pacific Ocean Pacific Railroad Company Pacific Railway Act Pacific Railway Commission Pacific Railway Company PACIFIC RAILWAY SYSTEM paid pany Passenger payment President profit proposed railroad and telegraph road and telegraph route second session secure sinking-fund Sioux City Southern Pacific Statutes at Large stockholders subscribed subsidy telegraph line Thurman Act tion Total traffic Treasury Union Pacific Railroad Union Pacific Railway Union Pacific stock United States bonds western whole
Popular passages
Page 10 - That a railroad to the Pacific Ocean is imperatively demanded by the interests of the whole country; that the Federal Government ought to render immediate and efficient aid in its construction; and that, as preliminary thereto, a daily overland mail should be promptly established.
Page 114 - 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,
Page 113 - And the better to accomplish the objects of this act, namely, to promote the public interest and welfare by the construction of said railroad and telegraph line, and keeping the same in working order, and to secure to the Government at all times (but particularly in time of war) the use and benefits of the same for postal, military, and other purposes...
Page 107 - ... to secure the repayment to the United States, as hereinafter provided, of the amount of said bonds so issued and delivered to said company, together with all interest thereon which shall have been paid by the United States...
Page 113 - Treasury, undelivered, until said road and all parts thereof provided for in this act are entirely completed, and of all the bonds provided to be delivered for the said road, between the two points aforesaid, there shall be reserved out of each instalment fifteen per centum, to be and remain in the Treasury until the whole of the road provided for in this act is fully completed; and if the said road or any part thereof shall fail of completion at the time limited therefor in this act, then and in...
Page 107 - States, the issue of said bonds and delivery to the company shall ipso facto constitute a first mortgage on the whole line of the railroad and telegraph, together with the rolling stock, fixtures and property of every kind and description, and in consideration of which said bonds may be issued...
Page 113 - That whenever it appears that the net earnings of the entire road and telegraph, including the amount allowed for services rendered for the United States, after deducting all expenditures, — including repairs, and the furnishing, running, and managing of said road, — shall exceed ten per centum upon its cost (exclusive of the five per centum to be paid to the United States), Congress may reduce the rales of fare thereon, if unreasonable in amount, and may fix and establish the. same by law.
Page 111 - States, the bonds to be issued to aid in the construction thereof shall be treble the number per mile hereinbefore provided, and the same shall be issued, and the lands herein granted be set apart, upon the construction of every twenty miles thereof, upon the certificate of the commissioners as aforesaid that twenty consecutive miles of the same are completed ; and between...
Page 111 - California, are hereby authorized to construct a railroad and telegraph line from the Pacific coast, at or near San Francisco, or the navigable waters of the Sacramento River, to the eastern boundary of California, upon the same terms and conditions, in all respects, as are contained in this act for the construction of said railroad and telegraph line first mentioned, and to meet and connect with the first mentioned railroad and telegraph line on the eastern boundary of California.