who was the owner of the union pacific railroad
Union Pacific Railroad The Union Pacific Railroad (reporting mark UP) (or Union Pacific Railroad Company and simply Union Pacific) is a freight hauling railroad that operates 8,500 locomotives over 32,100 route-miles in 23 states west of Chicago and New Orleans. The Union Pacific Railroad system is the second largest in the United States after BNSF Railway and it is one of the world's largest transportation companies.[1] The Union Pacific Railroad is the principal operating company of the Union Pacific Corporation (NYSE:Â UNP); both are headquartered in Omaha, Nebraska.
First Transcontinental Railroad In February 1860, Iowa Representative Samuel Curtis introduced a bill to fund the railroad. It passed the House but died when it could not be reconciled with the Senate version due to opposition from southern states who wanted a southern route near the 42nd parallel.[30] Curtis tried and failed again in 1861. After the southern states seceded from the Union, the House of Representatives approved the bill on May 6, 1862, and the Senate on June 20. Lincoln signed the Pacific Railroad Act of 1862 into law on July 1. It authorized creation of two companies, the Central Pacific in the west and the Union Pacific in the mid-west, to build the railroad. The legislation called for building and operating a new railroad from the Missouri River at Council Bluffs, Iowa, west to Sacramento, California, and on to San Francisco Bay.[31] A second law to supplement the first was passed in 1864.[32]