"Where the Sierra Nevada Mountains 'begin'"
Arcade Creek plaque:
“On January 12, 1864, President Abraham Lincoln decreed that the western base of the Sierra Nevada began where the Central Pacific Railroad crossed Arcade Creek. The hardships of railroad construction through mountains resulted in increased government subsidies that gave the company impetus to finish the transcontinental railroad.”
“On January 12, 1864, President Abraham Lincoln decreed that the western base of the Sierra Nevada began where the Central Pacific Railroad crossed Arcade Creek. The hardships of railroad construction through mountains resulted in increased government subsidies that gave the company impetus to finish the transcontinental railroad.”
posted from CPRR Discussion Group at 11:44 AM
1 Comments:
Actually, there were no government subsidies for the transcontinental railroad. The investment was in the form of bonds sold to private investors that had to be and were repaid in full by the railroads with interest, and land grants which became more valuable with the completion of the railroad of which the government kept half.
Post a Comment
<< Recent Messages