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The original company, Union Pacific Rail Road (UPRR), was created and funded by the federal government by Pacific Railroad Acts of 1862 and 1864. The laws were passed as war measures to forge closer ties with California and Oregon, which otherwise took six months to reach.
The Union Pacific Railroad (reporting marks UP, UPP, UPY) is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans.
Following 1870, Dillon was primarily known as a financier, becoming involved with Jay Gould in numerous ventures as well as serving on the board of directors of the Western Union Telegraph Company. He finally served as President of the Union Pacific Railroad from 1874 to 1884, and again from 1890 until his death in 1892.
Thomas Clark Durant (February 6, 1820 – October 5, 1885) was an American physician, businessman, and financier. He was vice-president of the Union Pacific Railroad (UP) in 1869 when it met with the Central Pacific railroad at Promontory Summit in Utah Territory.
The First Transcontinental Railroad: Central Pacific, Union Pacific. Simmons-Boardman, 1950. Accessed at This article incorporates text from this source, which is in the public domain. Heier, Jan Richard. "Building the Union Pacific Railroad: A study of mid-nineteenth-century railroad construction accounting and reporting practices."
Oliver Ames Jr. served as president of Union Pacific Railroad (UP) while the railroad was busy building the First transcontinental railroad in North America. He was its president pro tem from 1866 until 1868, and was formally elected president of the company on March 12, 1868. He continued as president until March 8, 1871. [5]
Gould withdrew from management of the Union Pacific in 1883, amid political controversy over its debts to the federal government, but he realized a large profit for himself. In 1889, he organized the Terminal Railroad Association of St. Louis , which acquired a bottleneck in east–west railroad traffic at St. Louis but, after Gould died, the ...
By May 1898, he was chairman of the executive committee, and from that time until his death, his word was the law on the Union Pacific system. [citation needed] In 1903, he assumed the office of president of the company. [citation needed] From 1901 to 1909, Harriman was also the president of the Southern Pacific Railroad.