1853 americans pay $10 million southerners want to build a trascontinental railroad in the south...
TRANSCRIPT
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