Poor's Manual of Railroads, Volume 9

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H.V. & H.W. Poor, 1876 - Railroads
 

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Page 815 - An act [to amend an act entitled 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, approved July first, eighteen hundred and sixty-two," approved July second, eighteen hundred and sixty-four.
Page ii - The western States (I speak now from my own observation) stand as it were upon a pivot. The touch of a feather would turn them any way. They have looked down the Mississippi, until the Spaniards, very impolitically I think for themselves, threw difficulties in their way...
Page ii - For what ties, let me ask, should we have upon those people ? How entirely unconnected with them shall we be, and what troubles may we not apprehend, if the Spaniards on their right, and Great Britain on their left, instead of throwing stumblingblocks in their way, as they now do, should hold out lures for their trade and alliance?
Page iii - I think for themselves, threw difficulties in their way; and they looked that way for no other reason, than because they could glide gently down the stream ; without considering, perhaps, the difficulties of the voyage back again, and the time necessary to perform it in ; and because they have no other means of coming to us but by long land transportations and unimproved roads.
Page iii - But smooth the road, and make easy the way for them, and then see what an influx of articles will be poured upon us ; how amazingly our exports will be increased by them, and how amply we shall be compensated for any trouble and expense we may encounter to effect it.
Page 803 - July first, eighteen hundred and sixty-two," the Secretary of the Treasury is hereby directed to pay over in money to the Pacific Railroad Companies mentioned in said act, and performing services for the United States, one-half of the compensation at the rate provided by law for such services, heretofore or hereafter rendered...
Page ii - I need not remark to you, Sir, that the flanks and rear of the United States are possessed by other powers, and formidable ones too; nor how necessary it is to apply the cement of interest to bind all parts of the Union together by indissoluble bonds, especially that part of it, which lies immediately west of us, with the middle States.
Page v - I consider this among the most important acts of my life, second only to that of signing the Declaration of Independence, if even second to that.
Page ii - ... trade and alliance ? What, when they get strength, which will be sooner than most people conceive (from the emigration of foreigners, who will have no...
Page 803 - ... mortgage — the company being authorized to issue its own bonds to an amount equal to the government as a first mortgage on the line. The original act provided that the charge for government transportation should be credited to it in liquidation of its bonds; and that in addition, after the road should be completed, 5 per cent. of the net earnings should also be applied to the same purpose. The act was subsequently modified so as to allow the company to retain one half of the charge of transportation...

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