jul 8, 1862 - Pacific RR Act* (July 1862)

Description:

Since railroad comp unwilling to build & Transcontinental railroad building = expensive & risky + Extension of railroad into sparsely populated areas = unprofitable
→ Congress advances liberal loans to companies (1862), added lots of acreage parallel to tracks; Wash gave railroads 155 mill acres for land parallel to track (more than Texas); binds W to Union;

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