Impolicy of Government Subsidies to Railroads
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CENTRAL PACIFIC RAILROAD.
I shall now turn my attention to the Central Pacific Railroad, and under this head I include also the Southern Pacific, the Calif ornia and Oregon, the Western Pacific, and several other smaller roads, all un- der the control of the Central Pacific, that giant corporation which rules the Pacific coast with a rod of iron.
The Central Pacific Railroad of California was incorporated June 27, 1861, under the general railroad law of California, to construct a road to the ea...stern boundary of the State. The act of Congress of July 1, 1862, (Public Laws, volume 12, page 490, ) incorporating the Union Pacific, authorized the Central Pacific of California to con- struct 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 the Union Pacific.
The act of Congress of July 2, 1864, already mentioned in my re- marks on the Union Pacific, granted to the Central Pacific other val- uable franchises.
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To quickly assess the difficulty of the text, read a short excerpt:
CENTRAL PACIFIC RAILROAD.
I shall now turn my attention to the Central Pacific Railroad, and under this head I include also the Southern Pacific, the Calif ornia and Oregon, the Western Pacific, and several other smaller roads, all un- der the control of the Central Pacific, that giant corporation which rules the Pacific coast with a rod of iron.
The Central Pacific Railroad of California was incorporated June 27, 1861, under the general railroad law of California, to construct a road to the ea...stern boundary of the State. The act of Congress of July 1, 1862, (Public Laws, volume 12, page 490, ) incorporating the Union Pacific, authorized the Central Pacific of California to con- struct 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 the Union Pacific.
The act of Congress of July 2, 1864, already mentioned in my re- marks on the Union Pacific, granted to the Central Pacific other val- uable franchises.
What to read after Impolicy of Government Subsidies to Railroads?
You can find similar books in the "Read Also" column, or choose other free books by William a William Adam Piper to read onlineMoreLess
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