1853 AMERICANS PAY $10 MILLION SOUTHERNERS WANT TO BUILD A TRASCONTINENTAL RAILROAD IN THE SOUTH LAND GOES AROUND THE MOUNTAINS JAMES GADSDEN.

1853 AMERICANS PAY $10 MILLION

SOUTHERNERS WANT TO BUILD A

TRASCONTINENTAL RAILROAD INTHE SOUTH

LAND GOES AROUND THE MOUNTAINS

JAMES GADSDEN

JOSEPH SMITH

PERSECUTED RELIGION – MOVED MANY TIMES

BRIGHAM YOUNG

15,000 SETTLE NEAR GREAT SALT LAKE IN UTAH

KILLED

SUTTER’S MILL

JAMES MARSHALL

GOLD FEVER!

’49 ERS – 80,000 PEOPLE

MOVE TO CALIFORNIA

MINING GOLD

AFTER GOLD RUSH CALIFORNIA IS

LAWLESS ASKS TO BE ADMITTED AS FREE

STATEGREAT DEBATE IN CONGRESS

CALIFORNIA BECOMES A STATE WITH OTHER AGREEMENTS

(BRIEF EXPLANATION)

SILVER STIKE IN NEVADA!

LARGEST SILVER STRIKE IN HISTORY

PUT OUT OF BUSINESS

BY TELEGRAPH

LINKED CALIFORNIA WITH THE EAST

US MAIL 3 WEEKS – PONY EXPRESS 10 DAYS

STATIONS 25 MILES APART – EACH RIDER75 MILES A DAY – 100 STATIONS – 50 RIDERS-500 HORSES – LIGHT PACKAGES - SADDLE

SAMUEL F.B. MORSE

“TALKING WIRE”

CONNECTED CALIFORNIA IN 1861

“IRON HORSES”

TRACKS IN EAST STARTING 1800

CALL FOR A RAILROAD TO CALIFORNIAIN 1850 – DEBATE IN CONGRESS

CRAZY JUDAH

UNION PACIFIC &CENTRAL PACIFIC

CHINESE WORKERS

LAYING TRACKDANGERS

NATIVEAMERICANS

PROMONTARY POINT

MAY 10, 1869GOLDENSPIKE!

STOCK HOLDERS IN UNION PACIFIC

MORE MONEY CAN BE MADE IN BUILDINGTHE RAILROAD THAN OPERATING IT

BUY PENNSYLVANIA FISCAL AGENCY –CREDIT MOBILIER = CONSTRUCTION COMPANY

UNION PACIFIC & CREDIT MOBILIER COMBINE STOC K MAKES THEM 1 COMPANY – 2 NAMES

GOVERNMENT WILL PAY CONSTRUCTIONCOMPANY WITH FREE LAND & MONEY

PER MILE OF TRACK

UNION PACIFIC HIRES CREDIT MOBILIERTO BUILD RAILROAD – HIRES ITSELF!

667 MILES OF TRACK = $44 MILLION

CHARGED $94 MILLION

SELLS OFF GOVERNMENT LAND

OAKS GIVES MEMBERS OF CONGRESS SHARES OF STOCK

IN CREDIT MOBILIER

NO RISK - STOCK GOES UP OVER 500% (’67/’68) $33 MILLION IN PROFIT

1872 “NEW YORK SUN” REPORTS STORY MANY RESIGN – VP - OTHERS

CONGRESS GETS SUSPICIOUS