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Construction of the road was financed primarily by 30-year, 6% U.S. government bonds authorized by Sec. 5 of the Pacific Railroad Act of 1862.They were issued at the rate of $16,000 ($265,000 in 2017 dollars) per mile of tracked grade completed east of the designated base of the Sierra Nevada range near Roseville, CA where California state geologist Josiah Whitney had determined were the ...
Unlike CCRR, Central Pacific received federal bonds of $16,000 per mile for that portion of their road between Sacramento and Arcade Creek, about seven miles, and $48,000 per mile east of that point, in addition to land grants. [24] September 1865 Ad taken by California Central Railroad objecting to the actions of Central Pacific against it.
In August 1865, Central Pacific Railroad bought a controlling interest in the management of Sacramento Valley, diverting the profitable over-mountain Washoe trade and travel, potentially worth several million dollars annually, to the Central Pacific and leaving local trade and travel to Sacramento Valley.
Sacramento is planned to be the northern terminus of Phase II of the California High-Speed Rail system. [citation needed] Greyhound Lines does not use Sacramento Valley Station for its competing intercity bus service; instead, its Sacramento terminal is located 1 mile (1.6 km) to the north, near the 7th & Richards / Township 9 RT Light Rail ...
The First transcontinental railroad was completed in 1869, when Central Pacific's line joined Union Pacific's at Promontory Summit. Sacramento's terminus was the primary departure station for the railroad until 1883. [3] Central Pacific merged with Southern Pacific in 1870, and the former's maintenance yards were expanded with the addition of ...
The Central Pacific was searching for a shorter route from the Bay Area to Sacramento [2] and was eyeing the California Pacific (Cal-P) road between Sacramento and Vallejo, completed in November 1868, [3] which became the basis for a Cal-P Vallejo route of about 90 miles (140 km) when steamer ferry service between San Francisco and Vallejo was ...
The railroad extends from the museum property located in Old Sacramento State Historic Park south along the east bank of the Sacramento River levee. The original Sacramento Southern Railroad ran south 24.3 miles (39.1 km) to Walnut Grove, California via Freeport and was a non-operating subsidiary of the Southern Pacific Transportation Company ...
Western Pacific Passenger Depot is a former railway station in Sacramento, California, located at 19th and J Streets. [1] Opened in 1910 by the Western Pacific Railroad as part of the Feather River Route , the station would go on to serve the original California Zephyr until the service was discontinued in 1970. [ 2 ]