The story of the first trans-continental railroad : $b its projectors, construction, and historyBailey, William Francis
History
The story of the first trans-continental railroad : $b its projectors, construction, and history
Bailey, William Francis
Railroads -- United States -- History; Union Pacific Railroad Company
In the then little hamlet of Sacramento, dwelt C. P. Huntington,
"Charley" Crocker, Mark Hopkins, and a few others--warm personal
friends of Judah--who, often, in the long, winter evenings, gathered
around the stove in Huntington and Hopkin's store room, and there
discussed the merits and demerits of the Judah theory. These and some
other gentlemen became convinced that the engineer was right--that the
scheme was practicable. They subscribed fifty dollars a piece, and, in
the summer, Judah and his assistants made a careful survey of the
passes in the Sierras. This was in the summer of 1860, and in the fall
the engineer party returned, toil-worn and travel-stained, but vastly
encouraged and elated with the result of their summer's work. So
favorable was the report that fifteen hundred dollars were immediately
raised to be used the following summer in the same manner. The summer
of 1861 found Judah and his party in the gulches and defiles of the
Sierras, earnestly prosecuting their labors. The result but confirmed
the previous report, with, if possible, more encouraging details
regarding country, cost, etc. Judah then visited many of the principal
capitalists of San Francisco to obtain subscriptions for the work, but
failed to obtain a dollar. "But this road--what is it? Nothing that
concerned them. It did not represent capital. A poor engineer wanted
to make some money, and had started the idea for that purpose." These
wise men shook their heads, and sneered at the undertaking. "What can
they do," said they, "even with their Charter from the State? They
have no money--they are poor men. It's only a sharp dodge on their
part. They think the road will be undertaken in time, and then when
that time arrives, they will stand a chance to sell their Charter and
realize a few thousands--that's all. But they'll be dead before a
railroad will be built across the continent." Such was the general
tone of conversation among moneyed men regarding the road in its
infancy, and it cannot be denied that the people of California owe
nothing to the capitalists of their State--not even their thanks--for
aid in the earliest days of the enterprise. The bone and sinew of the
people--the mechanic and the merchant, the farmer, laborer and
miner--did all that could be expected of them. But the capitalists
held back--and for good reason. They feared that the railroad would
give the death blow to the monopolies in which they were more or less
interested. Sacramento alone deserves the credit of having originated
and brought to a successful completion the Central Pacific Railroad.
When the State had chartered the Company, when only funds were
necessary to insure the completion of the work, only two subscriptions
were obtained in San Francisco, and one of these came from a woman.
Public-domain text, read in full here on John Shaqi.
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