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===Accounting standards===
===Accounting standards===
Jan Richard Heier argues that, "America's greatest technological achievement of the nineteenth century" was the transcontinental railroad. However he adds that the political scandal over the disposition of millions of dollars in government bonds led to Congressional hearings that showed the weakness of accounting methods. The reporting of assets, liabilities, and capital followed standards of the day. However the companies had to invent new methods for accounting for stock dividends and bond discounts. They set new standards.<ref>Jan Richard Heier, "Building the Union Pacific Railroad: a study of mid-nineteenth-century railroad construction accounting and reporting practices." ''Accounting, Business & Financial History'' (2009) 2009#3 pp 327-351</ref>
Jan Richard Heier argues that, "America's greatest technological achievement of the nineteenth century" was the transcontinental railroad. However he adds that the political scandal over the disposition of millions of dollars in government bonds led to Congressional hearings that showed the weakness of accounting methods. The reporting of assets, liabilities, and capital followed standards of the day. However the companies had to invent new methods for accounting for stock dividends and bond discounts. They set new standards.<ref>Jan Richard Heier, "Building the Union Pacific Railroad: a study of mid-nineteenth-century railroad construction accounting and reporting practices." ''Accounting, Business & Financial History'' (2009) 2009#3 pp 327-351</ref>

Congress distrusted the UP, and force it to hire as the new president a distinguished member of the Adams family, [[Charles Francis Adams, Jr.]] in 1884. Adams had long promoted various reform ideas, but had little practical experience in management. As railroad president, he was successful in getting a good press for the UP, and set up libraries along the route to allow his employees to better themselves. He had mixed results dealing with the [[Knights of Labor]] labor union. When the Knights of Labor refuse extra work in Wyoming in 1885, Adams hired Chinese workers. The result was the [[Rock Springs massacre]], that killed scores of Chinese, and drove all the rest out of Wyoming.<ref>Craig Storti, ''Incident at Bitter Creek: The Story of the Rock Springs Chinese Massacre'' (1990), </ref> He tried to build a complex network of alliances with other businesses, but they provided little help to the UP. He had great difficulty in making decisions, and in coordinating his subordinates. Adams was unable to stanch the worsening financial condition of the UP, and in 1890 Gould forced his resignation.<ref>Robert G. Athearn, "A Brahmin in Buffaloland." ''Western Historical Quarterly'' 1#1 (1970): 21-34. [http://www.jstor.org/stable/967402 in JSTOR]</ref><ref>Frey, ''Railroads in the 19th century,'' pp 3-9</ref><ref>Edward Chase Kirkland, ''Charles Francis Adams, Jr., 1835-1915: The Patrician at Bay'' (1965) pp 81-129</ref>


==Land sales and settlers==
==Land sales and settlers==

Revision as of 19:11, 1 February 2016

The history of the Union Pacific Railroad stretches from 1862 to the present. For operations of the current corporation, see Union Pacific Railroad. The original company was incorporated by Congress on July 1, 1862 in the Pacific Railroad Act of 1862. It provided for the construction of railroads from the Missouri River to the Pacific as a war measure for the preservation of the Union and to forge closer ties with California and Oregon, which otherwise took six months to reach. Construction was under the control of its dominant stockholder Dr. Thomas Clark Durant. The UP started in Council Bluffs, Iowa and moved west to link up with the Central Pacific Railroad line, which was built eastward from San Francisco Bay.

Construction was delayed until the war ended in 1865. Some 300 miles of main line track were built in 1865-66 over the flat prairies. The Rocky Mountains posed a much more dramatic challenge, with 240 miles built in 1867, and 555 in 1868-69. [1] The two lines were joined together at Promontory Summit, Utah, near Ogden on May 10, 1869, hence creating the first transcontinental railroad in North America.[2]

Wall Street speculator Jay Gould (1836-1892) took control of the UP in 1874 , as well as the smaller Kansas Pacific Railway based in Kansas City. He merged the two, giving UP new markets in the wheat and ranching regions of Kansas and eastern Colorado. Most of the wheat farmers joined the Populist movement in the 1890s, and engaged in heated anti-railroad rhetoric. The Populists were soon voted out and had no lasting impact on the UP. In the financial crisis of 1893, the UP like a third of American railroads, went bankrupt. The trains continue to operate, but the bondholders lost their investment. Empire builder E. H. Harriman (1848 – 1909) purchased the UP for a song. He upgraded its 3000 miles of trackage, modernized its equipment, and merged it with the Southern Pacific, which dominated California. The Supreme Court broke up that merger in 1910. From 1910 to 1980, there was little growth in the UP, which dominated the agricultural and ranching region stretching from Omaha and Kansas City in the East, to Salt Lake City and Denver in the West. [3] The primary service area consisted of Nebraska, Kansas, Colorado and Wyoming, with some extensions into neighboring states. Its main line paralleled Interstate 80. Economically, the UP provided transcontinental service, as well as shipping out wheat and other crops, cattle, and mining products, and bringing in consumer items and industrial goods from the East. There was little expansion 1910-1980 but after that the UP grew to over 32,000 miles of track by absorbing large lines like the Southern Pacific, the Missouri Pacific Railroad and the Missouri–Kansas–Texas Railroad as well as smaller ones.

File:Union-Pacific-1869.jpg

Expansion

In the 1860s UP purchased three short Mormon-built roads: the Utah Central Railroad extending south from Ogden to Salt Lake City, the Utah Southern Railroad extending south from Salt Lake City into the Utah Valley, and the Utah Northern Railroad extending north from Ogden into Idaho. It built or purchased local lines that gave it access to key locations: Denver, Colorado, Portland, Oregon, and to the Pacific Northwest. and acquired the Kansas Pacific (originally called the Union Pacific, Eastern Division, though in essence a separate railroad). It also owned narrow gauge trackage into the heart of the Colorado Rockies and a standard gauge line south from Denver across New Mexico into Texas.

The Last Spike, by Thomas Hill, (1881)
Directors of the Union Pacific Railroad gather on the 100th meridian, which later became Cozad, Nebraska, approximately 250 miles (400 km) west of Omaha, Nebraska Territory, in October 1866. The train in the background awaits the party of Eastern capitalists, newspapermen, and other prominent figures invited by the railroad executives.

Finances

The UP main line was completed in 1869, at a cost of $109 million. About $50 million was actually spent on the construction work. The rest included a profit of about $13-$16 million dollars to the owners, possibly several million dollars in bribes to Congressman, and especially heavy discounts in the sale of bonds of a railroad that most investors thought would never make a profit.[4]

UP was entangled in the Crédit Mobilier scandal, exposed in 1872. Its independent construction company the Crédit Mobilier had bribed congressmen. The UP itself was not guilty but it did get bad publicity. The financial crisis of 1873 led to financial troubles but not bankruptcy. The company was reorganized as the Union Pacific Railway on January 24, 1880, with its dominant stockholder being Jay Gould. Gould tried to build a viable railroad that depended on shipments by local farmers and ranchers. The company declared bankruptcy during the Panic of 1893. When it emerged in 1897 it reverted to the original name, Union Pacific Railroad.[5] E.H. Harriman but the line cheaply, and made it much more efficient, and highly profitable.

Construction

Route of the first American transcontinental: The Central Pacific (red) in the west and the Union Pacific (blue) Are youin the east.

Thomas Durant had overall charge of the construction program. He selected routes on the basis of how cheap they were to construct, for that would maximize profits on the fixed congressional loans. He did not give emphasis to the long-term economic potential of the area served. He therefore vetoed the engineers who wanted to use the otherwise highly attractive South Pass route in Wyoming.[6]

Building the line came in stages: first the surveyors (often with Army protection) Laid out the precise line to minimize the grade and the need for bridges and trestles. Then came the grading party with plows and shovels. Finally came the ties and the rails, along with the telegraph line, signals, sidings and switched. Starting in summer 1865 Omaha became the logistics base for thousands of tons of rails, ties, tools and supplies. As soon as a few miles of track was ready, supplies were moved to a forward supply point, and teams of horse-drawn or mule drawn wagons carried them to the work point. Eventually the teams could lay several miles of track today-- the record was 10 miles.[7] It was largely a pick-and-shovel and wheelbarrow job, with most of the unskilled work done by Irish immigrants. [8]

The Union Pacific's 1,087 miles (1,749 km) of track started in Council Bluffs, Iowa Winter and spring caused severe problems as the Missouri River froze over in the winter; but not well enough to support a railroad track plus train. The train ferries had to be replaced by sleighs each winter. Starting in 1873, the railroad traffic crossed the river over the new 2,750 feet (840 m) long, eleven span, Union Pacific Missouri River Bridge to Omaha, Nebraska.) The main line bridged the Elkhorn River and then crossed over the new 1,500 feet (460 m) Loup River bridge as it followed the north side of the Platte River valley west through Nebraska along the general path of the Oregon, Mormon and California Trails.

During the winter of 1865–66, former Union General John S. Casement, the new Chief Engineer, assembled men and supplies to push the railroad rapidly west. To protect the railroad's surveying and hunting parties, the U.S. Army instituted active cavalry patrols that grew larger as the Indians grew more aggressive. Temporary, "hell-on-wheels" towns, made mostly of canvas tents, accompanied the railroad as construction headed west. Most faded away but some became permanent settlements.

The railroad bridged the North Platte River over a 2,600 feet (790 m) long bridge at North Platte, Nebraska in December 1866 after completing about 240 miles (390 km) of track that year. In late 1866, General Grenville M. Dodge was appointed Chief Engineer on the Union Pacific; Casement continued to work as chief construction boss and his brother Daniel Casement continued as financial officer. The North Platte/South Pass route was popular with wagon trains but not attractive to the railroad, for it was about 150 miles (240 km) longer and much more expensive to construct up the narrow, steep and rocky canyons of the North Platte. By 1867, a new route was found and surveyed that went along part of the South Platte River in western Nebraska and after entering what is now the state of Wyoming, ascended a gradual sloping ridge between Lodgepole Creek and Crow Creek to 8,200 feet (2,500 m) Evans pass was discovered in 1864.[9] From North Platte, Nebraska (elevation 2,834 feet (864 m)), the railroad proceeded westward and upward along a new path across the Nebraska Territory and Wyoming Territory along the north bank of the South Platte River and into what later become the state of Wyoming at Lone Pine, Wyoming. Evan's Pass was located between the new railroad towns of Cheyenne, Wyoming and Laramie, Wyoming.[10] The new route surveyed across Wyoming was over 150 miles (240 km) shorter, had a flatter profile, allowed for cheaper and easier railroad construction, and also went closer by Denver and the known coalfields in the Wasatch and Laramie Ranges. The railroad gained about 3,200 feet (980 m) in the 220 miles (350 km) climb to Cheyenne from North Platte, Nebraska—about 15 feet (4.6 m) per mile (1.6 km)--a very gentle slope of less than one degree average. This "new" route had never become an emigrant route because it lacked the water and grass to feed the emigrants' oxen and mules. Steam locomotives did not need grass, and the railroad drilled wells for water. Coal was mined in Wyoming by the time the UP arrived. Coal shipments by rail were also looked on as a potentially major source of income—this potential is still being realized, as Wyoming is the nation's largest coal producer in the 21st century.

Dale Creek Bridge

The Union Pacific reached the new railroad town of Cheyenne in December 1867, having laid about 270 miles (430 km) that year. They paused over the winter, preparing to push the track over Evan's (Sherman's) pass. At 8,247 feet (2,514 m), Evans/Sherman's pass is the highest point reached on the transcontinental railroad. The Dale Creek Crossing bridge was one of their more difficult railroad engineering challenges.[11] Located 35 miles (56 km) from Evans pass, UP connected to Denver and its Denver Pacific Railway and Telegraph Company railroad line in 1870. Cheyenne became a major railroad center and was equipped with extensive railroad yards, maintenance facilities and a Union Pacific presence. Its location made it a good base for helper locomotives to couple to trains with snowplows to clear the tracks of winter snow or help haul heavy freight over Evan's pass. The Union Pacific's junction with the Denver Railroad with its connection to Kansas City, Kansas, Kansas City, Missouri and the railroads east of the Missouri River again increased Cheyenne's importance as the junction of two major railroads.

The railroad established many townships along the way: Fremont, Elkhorn, Grand Island, North Platte, Ogallala, Sidney, Nebraska as the railroad followed the Platte River across Nebraska territory. Interstate 80 now follows nearly the same route. In the Dakota Territory (Wyoming) it built the new towns of Laramie, Rawlins and Evanston, Wyoming, as well as many more fuel and water stops. The Green River was bridged on October 1, 1868—the last big river to cross. Evanston became a significant train maintenance shop town equipped to carry out extensive repairs on the cars and steam locomotives.

In the Utah Territory, the railroad once again diverted from the main emigrant trails to cross the Wasatch Mountains and went down the rugged Echo Canyon (Summit County, Utah) and Weber River canyon. To speed up construction as much as possible, Union Pacific contracted several thousand Mormon workers to cut, fill, trestle, bridge, blast and tunnel its way down the rugged Weber River Canyon to Ogden, Utah ahead of the railroad construction. The Mormon and Union Pacific rail work was joined in the area of the present-day border between Utah and Wyoming.[12] The longest of four tunnels built in Weber Canyon was 757 feet (231 m) long Tunnel 2. The tunnels were all made with the new nitroglycerine explosive which expedited work but caused some fatal accidents.[13]

The tracks reached Ogden on March 27, 1869; then skirted north of the Great Salt Lake to Brigham City and Corinne, Utah, before finally connecting with the Central Pacific Railroad at Promontory Summit in Utah territory on May 10, 1869.[14][15]

Accounting standards

Jan Richard Heier argues that, "America's greatest technological achievement of the nineteenth century" was the transcontinental railroad. However he adds that the political scandal over the disposition of millions of dollars in government bonds led to Congressional hearings that showed the weakness of accounting methods. The reporting of assets, liabilities, and capital followed standards of the day. However the companies had to invent new methods for accounting for stock dividends and bond discounts. They set new standards.[16]

Congress distrusted the UP, and force it to hire as the new president a distinguished member of the Adams family, Charles Francis Adams, Jr. in 1884. Adams had long promoted various reform ideas, but had little practical experience in management. As railroad president, he was successful in getting a good press for the UP, and set up libraries along the route to allow his employees to better themselves. He had mixed results dealing with the Knights of Labor labor union. When the Knights of Labor refuse extra work in Wyoming in 1885, Adams hired Chinese workers. The result was the Rock Springs massacre, that killed scores of Chinese, and drove all the rest out of Wyoming.[17] He tried to build a complex network of alliances with other businesses, but they provided little help to the UP. He had great difficulty in making decisions, and in coordinating his subordinates. Adams was unable to stanch the worsening financial condition of the UP, and in 1890 Gould forced his resignation.[18][19][20]

Land sales and settlers

in addition to charges for freight and passenger service, the UP made its money from land sales, especially to farmers and ranchers. The UP land grant gave it ownership of 12,800 acres per mile of finished track. The government kept every other section of land, so it also had 12,800 acres to sell or give away to homesteaders. The UP's goal was not to make a profit, but rather to build up a permanent clientele of farmers and townspeople who would form a solid basis for routine sales and purchases. The UP, like other major lines, opened sales offices in the East and in Europe, advertised heavily,[21] and offered attractive package rates for farmer to sell out and move his entire family, and his tools, to the new destination. In 1870 the UP offered rich Nebraska farmland at five dollars an acre, with one fourth down and the remainder in three annual installments.[22] It gave a 10 percent discount for cash. Farmers could also homestead land, getting it free from the federal government after five years, or even sooner by paying $1.50 an acre. Sales were improved by offering large blocks to ethnic colonies of European immigrants. Germans and Scandinavians, for example, could sell out their small farms back home and buy much larger farms for the same money. European ethnics comprised half of the population of Nebraska in the late 19th century.[23] Married couples were usually the homesteaders, but single women were also eligible on their own. [24]

20th century

Passengers changed cars at Ogden, Utah, from Union Pacific to Southern Pacific, which took them to California

Harriman

E. H. Harriman (1848-1909) in 1898 became chairman of the UP executive committee, and from that time until his death his word was law on the Union Pacific system. He merged the UPA with the larger Southern Pacific in 1900 to obtain greater efficiency and more monopoly power in the Southwest.[25] The Justice Department sued, and in 1912 the Supreme Court separated the two companies because the suppression of competition was in restraint of trade and violated the 1890 Sherman antitrust act.[26]

1920s

Labor unrest was generally low in the United States after the great strikes of 1919, however there was tension among the shopmen of the Union Pacific. The railroad cut wage rates in Las Vegas, Nevada, the site of major repair shops. On 1 July 1922, boilermakers, blacksmiths, electricians, carmen, and sheet metal workers went on strike. The over-the-rails workforce did not join them. Local public opinion at first favored the strikers. After episodes of violence by striking pickets, the railroad obtained a federal injunction restraining against threats or attacks. The railroad also threatened to move the maintenance facilities to more favorable city. Public support for the strike fell away. The strike collapsed in September, and union membership collapsed.[27]

Revenue passenger traffic, in millions of passenger-miles
Year Traffic
1925 1,065
1933 436
1944 5,481
1960 1,233
1970 333
Source: ICC annual reports

In the tables "UP" includes OSL-OWR&N-LA&SL-StJ&GI; 1925–1944 passenger-mile totals do not include Laramie North Park & Western, Saratoga & Encampment Valley, or Pacific & Idaho Northern, and none of the totals includes Spokane International or Mount Hood. From the ICC annual reports, except 1979 is from Moody's.

Revenue freight ton-miles (millions)
UP LNP&W S&EV P&IN
1925 12,869 10 3
1933 8,639 4 0.4 (into UP)
1944 37,126 7 0.7
1960 33,280 (into UP) (into UP)
1970 47,575
1979 73,708

On December 31, 1925 UP-OSL-OWRN-LA&SL-StJ&GI operated 9,834 route-miles and 15,265 track-miles. At the end of 1980, Union Pacific operated 9,266 route-miles and 15,647 miles of track.[28] Moody's shows 220,697 million revenue ton-miles in 1993 on the expanded system (17,835 route-miles at the end of the year).

The corporate headquarters of the Union Pacific Corporation were located in New York City from its initial founding in the 1860s until Drew Lewis became CEO in the mid-1980s. He relocated it to Bethlehem, Pennsylvania. Later the headquarters was shifted to Dallas, Texas, before relocating to Omaha to join the operating headquarters.[29]

See also

Notes

  1. ^ Rodman W. Paul, The Far West and the Great Plains in Transition, 1859-1900 (1988) p 65.
  2. ^ "Ceremony at "Wedding of the Rails," May 10, 1869 at Promontory Point, Utah". World Digital Library. 1869-05-10. Retrieved 2013-07-20.
  3. ^ Robert L. Frey, ed., Railroads in the Nineteenth Century (1980) 141-143, 160, 394-97
  4. ^ Sanford J. Mock, "The Credit Mobilier: Financial Scandal of the 1860s," Financial History (2004), Issue 80, pp 12-17
  5. ^ Brian Solomon (2000). Union Pacific Railroad. Voyageur Press. pp. 35–43.
  6. ^ Alan H. Grey, "The Union Pacific Railroad and South Pass," Kansas Quarterly (1970) 2#3 pp 46-57
  7. ^ Everett Dick, Vanguards of the frontier: a social history of the Northern Plains and Rocky mountains from the Fur Traders to the Sod Busters 1941) pp. 368-83
  8. ^ Collins, R.M. (2010). Irish Gandy Dancer: A tale of building the Transcontinental Railroad. Seattle: Create Space. p. 198. ISBN 978-1-4528-2631-8.
  9. ^ Discovery of Evan's Pass [1] accessed 8 Mar 2013
  10. ^ Emmett D. Chisum, "Boom Towns on the Union Pacific: Laramie, Benton, and Bear River City." Annals of Wyoming 53#1 (1981): 2-13.
  11. ^ Bain, Empire Express
  12. ^ Mormon workers on UP transcontinental tracks [2] accessed 2 Aug 2013
  13. ^ Construction on Echo and Weber Canyon [3] accessed 115 Mar 2013
  14. ^ "Union Pacific Map". Central Pacific Railroad Museum. Retrieved 2009-02-05.
  15. ^ Promotory Summit-NPS [4] accessed 226 Feb 2013
  16. ^ Jan Richard Heier, "Building the Union Pacific Railroad: a study of mid-nineteenth-century railroad construction accounting and reporting practices." Accounting, Business & Financial History (2009) 2009#3 pp 327-351
  17. ^ Craig Storti, Incident at Bitter Creek: The Story of the Rock Springs Chinese Massacre (1990),
  18. ^ Robert G. Athearn, "A Brahmin in Buffaloland." Western Historical Quarterly 1#1 (1970): 21-34. in JSTOR
  19. ^ Frey, Railroads in the 19th century, pp 3-9
  20. ^ Edward Chase Kirkland, Charles Francis Adams, Jr., 1835-1915: The Patrician at Bay (1965) pp 81-129
  21. ^ Charlyne Berens and Nancy Mitchell, "Parallel Tracks, Same Terminus: The Role of Nineteenth-Century Newspapers and Railroads in the Settlement of Nebraska." Great Plains Quarterly (2009): 287-300. online
  22. ^ Gilbert C. Fite, The Farmers' Frontier, 1865-1900 (1966) pp 16-17, 31-33.
  23. ^ Frederick C. Luebke, "Ethnic group settlement on the Great Plains." Western Historical Quarterly 8#4 (1977): 405-430. in JSTOR
  24. ^ Sheryll Patterson-Black, "Women homesteaders on the Great Plains frontier." Frontiers: A Journal of Women Studies (1976): 67-88. in JSTOR
  25. ^ Larry Haeg, Harriman vs Hill: Wall Street's Great Railroad War (University of Minnesota Press, 2013)
  26. ^ Lloyd J. Mercer, "Dissolution of the Union Pacific-Southern Pacific Merger," Railroad History (1991) Issue 164, pp 53-63.
  27. ^ Eric Nystrom, "Labor Strife in Las Vegas: The Union Pacific Shopmen's Strike of 1922," Nevada Historical Society Quarterly (2001) 44#4 pp 313-332.
  28. ^ 1980 mileage is from Moody's Transportation Manual (1981); the ICC's Transport Statistics says Union Pacific System operated 8,614 route-miles at year end 1980, but the 1979 issue says 9,315 route-miles and the 1981 says 9,096, so their 1980 figures look unlikely.
  29. ^ UP:Chronological History, Union Pacific Railroad

Further reading

  • Athearn, Robert G. Union Pacific Country (1976) 480pp; covers impact of the railroad on the region it served from the 1860s to the 1890s.
  • Cahill, Marie, and Lynne Piade. The History of the Union Pacific: America's Great Transcontinental Railroad (1996), heavily illustrated
  • Collins, R.M. "Irish Gandy Dancer: A tale of building the Transcontinental Railroad." (2010)
  • Davis, John P. "The Union Pacific Railway." Annals of the American Academy of Political and Social Science 8 (1896): 47-91. online
  • Galloway, John Debo, The First Transcontinental Railroad: Central Pacific, Union Pacific (1990)
  • Kennan, George. E. H. Harriman: A Biography (2 vol. 1922) vol 1 and vol 2
  • Klein, Maury. The Life & Legend of EH Harriman. Univ of North Carolina Press (2000), The standard scholarly biography online
  • Klein, Maury. Union Pacific: Volume I, 1862–1893 (U of Minnesota press, 2006); 820pp excerpt and text search; the standard scholarly history
  • Meyer, Balthazar Henry (July 1906). "A History of the Northern Securities Case". Bulletin of the University of Wisconsin. 142. {{cite journal}}: Cite has empty unknown parameters: |1= and |coauthors= (help)
  • Paxson, Frederic Logan. History of the American frontier, 1763-1893 (1924). pp 494–501 online
  • Press, Donald E. "Kansas Conflict: Populist Versus Railroader in the 1890's," Kansas Historical Quarterly (1977) 43#3 pp 319-333 online
  • Solomon, Brian. Union Pacific Railroad (2000); short, very well illustrated online
  • White, Richard. Railroaded: The Transcontinentals and the Making of Modern America (2010)

Construction

  • Ambrose, Stephen E. (2000). Nothing Like It In The World; The men who built the Transcontinental Railroad 1863–1869. Simon & Schuster. ISBN 0-684-84609-8.
  • Bain, David Haward (1999). Empire Express; Building the first Transcontinental Railroad. Viking Penguin.
  • Combs, Barry, and Andrew J. Russell. Westward to Promontory: Building the Union Pacific Across the Plains and Mountains: a Pictorial Documentary (Crown, 1986).
  • Haycox Jr, Ernest. "'A Very Exclusive Party': A Firsthand Account of Building the Union Pacific Railroad." Montana: The Magazine of Western History (2001): 20-35.
  • Hebard, Grace Raymond. Washakie: An Account of Indian Resistance of the Covered Wagon and Union Pacific Railroad Invasions of Their Territory (Cleveland: AH Clark, 1930).
  • Perkins, Jacob Randolph. Trails, Rails and War: The Life of General G.M. Dodge (1929).

Economics

  • Duran, Xavier, "The First U.S. Transcontinental Railroad: Expected Profits and Government Intervention," Journal of Economic History, 73 (March 2013), 177–200.
  • Fleisig, Heywood. "The Union Pacific Railroad and the railroad land grant controversy." Explorations in Economic History 11#2 (1975): 155-172.
  • Fogel, Robert William. The Union Pacific Railroad: A case in premature enterprise (1960).
  • Mitchell, Thomas Warner. "The Growth of the Union Pacific and Its Financial Operations," Quarterly Journal of Economics, 21#4 (1907), pp. 569–612 in JSTOR
  • * Ripley, William Zebina (1915). Railroads: Finance and Organization. New York: Longmans, Green, and Co. {{cite book}}: Cite has empty unknown parameter: |coauthors= (help)
  • Trottman, Nelson Smith. History of the Union Pacific: a financial and economic survey (1966).

Images and travels

Contemporary accounts

  • Bowles, Samuel. Our new West: records of travel between the Mississippi River and the Pacific Ocean; over the plains--over the mountains--through the great interior basin--over the Sierra Nevadas--to and up and down the Pacific Coast; with details of the wonderful natural scenery, agriculture, mines, business, social life, progress, and prospects... including a full description of the Pacific Railroad; and of the life of the Mormons, Indians, and Chinese; with map, portraits, and twelve full page illustrations (1869). online
  • Shearer, Frederick E. The Pacific Tourist: Adams & Bishop's Illustrated Trans-continental Guide of Travel, from the Atlantic to the Pacific Ocean... A Complete Traveler's Guide of the Union and Central Pacific Railroads, and All Points of Business Or Pleasure Travel to California, Colorado, Nebraska, Wyoming, Utah, Nevada, Montana, the Mines and Mining of the Territories, the Lands of the Pacific Coast, the Wonders of the Rocky Mountains, the Scenery of the Sierra Nevadas, the Colorado Mountains, the Big Trees, the Geysers (1884) online
  • Williams, Henry T. The Pacific Tourist: Williams' Illustrated Trans-continental Guide of Travel, from the Atlantic to the Pacific Ocean. Containing Full Descriptions of Railroad Routes... A Complete Traveler's Guide of the Union and Central Pacific Railroads 1878), A primary source; online