The Union Pacific Railroad: A Case in Premature Enterprise

1st Sess 2d Sess 31st Cong 33d Cong 35th Cong 80 mile strip American Ames contract amount assumption average build the road built company's Congress Congressional contractors Credit Mobilier Davis contracts dollars of 1869 earnings economic estimate Evans pass face value farm lands firm first-mortgage bonds funds Globe government bonds government directors Hoxie contract Ibid income bonds increase in national interest investment investors issue labor and capital land-grant bonds LINE loan marginal utility market rate ment million dollars mixed enterprise national income North American Review Oakes Ames Oliver Ames Pacific road payment Poland present value private enterprise profit promoters proposals purchase R. R. Jour rate of return Repts risk route securities Senator Simon Kuznets social rate stockholders Transcontinental Railroad U. S. Congress Union Pacific Railroad Union Pacific Railway Union Pacific stock Union Pacific's United unpaid benefits Whitney plan Wilson committee York