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The Union Pacific Rail Road was incorporated on July 1, 1862, under an act of Congress entitled Pacific Railroad Act of 1862. 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. It was constructed westward from Council Bluffs, Iowa to meet the Central Pacific Railroad line, which was constructed eastward from Sacramento, California. The combined Union PacificCentral Pacific line became known as the First Transcontinental Railroad and later the Overland Route.The line was constructed primarily by Irish labor who had learned their craft during the recent Civil War. Under the guidance of its dominant stockholder Dr. Thomas Clark Durant, the namesake of the city of Durant, Iowa, the first rails were laid in Omaha. The two lines were joined together at Promontory Summit, Utah, 53 miles (85 km) west of Ogden on May 10, 1869, hence creating the first transcontinental railroad in North America.Subsequently, the UP purchased three Mormon-built roads: the Utah Central Railroad extending south from Ogden to Salt Lake City, the Utah Southern Railroad extending south from Salt Lake City into the Utah Valley, and the Utah Northern Railroad extending north from Ogden into Idaho. The original UP was entangled in the Credit Mobilier Scandal, exposed in 1872. As detailed by The Sun, Union Pacific’s largest construction company, Crdit Mobilier, had overcharged Union Pacific; these costs had then been passed on to the United States government. In order to convince the federal government to accept the increased costs, Crdit Mobilier had bribed congressmen. Several prominent UP board members (including Durant) had been involved in the scheme. The ensuing financial crisis of 1873 led to a credit crunch, but not bankruptcy.As boom followed bust, the Union Pacific continued to expand. The original company was purchased by a new company on January 24, 1880, with dominant stockholder Jay Gould. Gould already owned the Kansas Pacific (originally called the Union Pacific, Eastern Division, though in essence a separate railroad), and sought to merge it with UP. Thusly was the original “Union Pacific Rail Road” transformed into “Union Pacific Railway.”Extending towards the Pacific Northwest, Union Pacific built or purchased local lines that gave it access to Portland, Oregon. Towards Colorado, it built the Union Pacific, Denver and Gulf Railway: both narrow gauge trackage into the heart of the Rockies and a standard gauge line that ran south from Denver, across New Mexico, and into Texas.The Union Pacific Railway would later declare bankruptcy during the Panic of 1893. Again, a new Union Pacific “Railroad” was formed and Union Pacific “Railway” merged into the new corporation.
8.5 x 11 partly-printed Land Department of U. P. RY. Company Report of Local Agent form from the first year of the Union Pacific Railway Company, with the partly printed date of 188_. There are printed instructions for Agents, that were not followed, with the only info given was a list Gun $40, Pistol 5, Powder 2, Shot 2, Balls 2. Several edge faults have archival tape reinforcement, with minor paper loss, otherwise very good. See photos.
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Category: Collectibles:Transportation:Railroadiana and Trains:Paper:Documents and Letters
Location: Belmont, Massachusetts