Nothing is so admirable in politics as a short memory. 1830 There were 23 miles of railroad in the U. Senator Stephen Douglas arranges frederick jackson turner thesis summary checkerboard compromise to create the first federal land grant railroad, the Illinois Central. Illinois Central Railroad attorney Abraham Lincoln will soon challenge Stephen Douglas for political office, and, with the Illinois Central’s help, will eventually be elected president of the United States, from which office he will sign the largest of the railroad land grants into law.
Quincy, “the Granger Road,” was formed with a 2. Between 1870 and 1880, Burlington sold two million acres to 20,000 people in Missouri, Iowa, and Nebraska. Pacific, and eventually the Great Northern. See this chronology’s 1857, 1862, 1879, and 1885 entries.
Granted five million acres and several million dollars in Minnesota state bonds. Built only 10 miles of railroad. Insolvency led to foreclosure in 1860. Pacific and the First Division, escaping debts but not relinquishing grants or franchise rights. Increased grant to ten sections per mile. For a history of stock manipulation and bribery of the Minnesota legislature by Russell Sage and James Hill, see Gustavus Myers, 1936.
See also this chronology’s 1862 and 1879, and 1889 entries. 1860 There are 30,000 miles of railroad in the U. Charles Lewis and the Center for Public Integrity, The Buying of the President, Avon Books, 1996, p. 17, citing Louise Overacker, Money in Elections, Macmillan, 1932, p. Lincoln had been a lawyer for railroads, including the Illinois Central, which had received a land grant with Douglas’ support.
In 1860, Lincoln and his friend Norman B. 1862 Lincoln signed the first Pacific Railway bill. 1865 Southern Pacific chartered to build from San Francisco to Los Angeles and San Diego. SP acquired by Central Pacific’s Big Four in 1868. Stewart Holbrook, The Story of the American Railroads, p.