EIGHTH: The Union Pacific Railway Company, including the Central Pacific
(same system),[151] was cunningly presented—scot free—one-half of all
the land within twenty miles of the right-of-way, and “all the timber,
iron and coal within six miles” of the right-of-way,—a total of
25,000,000 acres of land. “At $2.50 per acre,” says President E. B.
Andrews (University of Nebraska),[152] “the land values alone would more
than build the road.” The _Northern_ Pacific Company received, just two
years later, 47,000,000 acres of land as a gift which a land expert[153]
estimated to be worth probably $990,000,000 and possibly
$1,320,000,000,—which gives us some idea of the value of the 25,000,000
acre gift to the _Union_ Pacific.
It is worth the space to add: That “the promoters of the Northern
Pacific, through unfair construction contracts and other frauds,
made the capitalization of 600 miles of that line constructed down
to 1874 amount to 143 millions on an actual expenditure of
twenty-two millions.”[154]
NINTH: Again and again the Union Pacific, when it suited its purpose to
do so, refused to comply with the treasonably easy terms of its charter;
but always the patriots in Washington and the distinguished railway
gentlemen cunningly “got together,” made some “gentlemen’s
agreement”—and the charter was not revoked.
As suggested above, this charter, as amended by the Senate and in the
form signed by the President, July 1, 1862,—was, when it was finally
“considered” in the House of Mis-Representatives, voted 104 to 21
“without a single syllable of debate.”[155]
Professor Parsons sums up the case thus:[156]
“The promoters got from Congress more than the cost of the road,
bonded it again to private investors for all it was worth, issued
stock also beyond the cost of construction, sold and gave away a
good deal of it, and still had the road and the control of its
earnings for themselves.”
The magnitude of this statesmen-patriot-thieves’ masterpiece (“for love
of country and home and God”) can not be realized without a further word
concerning the land grants.
Seventy-nine land-grant railroads (twenty-one of them “direct
beneficiaries of Congress”) have been granted 200,000,000 acres of land
(reduced by forfeiture to 158,286,627 acres).
“OVER ONE-HALF OF THIS ACREAGE WAS GRANTED BY ACTS PASSED BETWEEN 1862
AND 1864.”[157]
That is to say, during twenty-four terrible months, just while the
nation was sweating blood from every pore, while the people were not
looking at anything except the war, precisely at that time, patriotic
statesmen gave away to railway promoters who shed no “blood for the
flag,” gave to these “gentlemen of push and enterprise” a sufficient
amount of the people’s lands to provide a hundred and twenty-five-acre
farm for every one of the 800,000 men mustered out of the Union armies
in 1865.
Public-domain text, read in full here on John Shaqi.
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