Did you know Congress incorporated the Union Pacific Railroad 100 years ago this month on July 1, 1862? Enacted and approved by President Abraham Lincoln, the railroad forever changed the face of the United States.
Late the following year, railroad workers
would break ground on the railroad in Omaha, Nebraska, completing work on the
line in 1865. The company hit another milestone four years later when it
reached Promontory Summit, Utah and joined with the Central Pacific to create
the first transcontinental railroad.
Things were looking well for the railway
until 1872 when Union Pacific became embroiled in the Crédit Mobilier scandal,
in which railroad officials bribed congressmen and stock speculators. The railway
later filed for bankruptcy, reorganizing in 1880. The dominant shareholder, Jay
Gould, is the focus of Earle Young’s books Tracks to the Sea and Galveston
and the Great West -- both published by Texas A&M University Press.
Read more about Tracks to the Sea here: http://bit.ly/LJkdGi and more
about Galveston and the Great West here: http://bit.ly/LlqL9r
Thirteen years later the company filed
for bankruptcy again; this time resulting in changes that would keep the
railways successful. On January 8, 1980, the Missouri Pacific Railway was
purchased by Union Pacific, but the merger was not approved until September 13,
1982. However, it still did not become official until January 1, 1997 due to
Missouri Pacific’s outstanding bonds. Read more about the Rebirth of the
Missouri Pacific (Texas A&M University Press) here: http://bit.ly/OGe2CS
Today, UP headquarters remain in Omaha,
with the railway directly owning and operating lines in 23 states in the US,
spanning some 54,000 west of the Mississippi River. UP has hundreds of yards
throughout the United States.
Celebrate
Union Pacific’s 150th birthday by engrossing yourself in the history
of the line’s storied past, or, better yet, take a trip to Houston October 27th
and 28th for the Houston Community Celebration. For more information
about the railway’s birthday celebrations around the United States, visit http://bit.ly/MvD9HA. Also
celebrate the 150 year milestone by purchasing one of the above mentioned books
for 40% off!
Happy
Birthday Union Pacific!
By: Paige Bukowski
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