The New York herald., 1869-04-23
THE UNION PACIFIC RAILROAD.

TIE UNION PACIFIC RAILROAD.
Meeting Of Stockholders in Boston-The Office
of the Company TO be Removed from New
York to the ssHub''-R emarks of MIR. James
Brooks and Others.
BOSTON, April %, 1869.
The first meeting Of the stockholders OF the Union
Pacific Railroad in this city held to-day, at the
ONCE of Gedden & Williams, Hon. Oakes Ames pre-
siding
Mr.. r. G. Hazard OF Rhode Island, offered the
following resolution, which was adopted
s % with aD, an az s' S. S
hereby established IN city o Boston un other
Be- IL IN
city Of Boston.
Mr. Frederick Nickerson, of Boston, offered the
following, which was adopted
Resolved That committee Of I'VE .pponteS by
late general ONCE New York elsewhere to our gen
any things belonging this company, which, the
opinion Of said committee should be 80 ,smoyed and to
II. S. McComb, Of Delaware, offered the following,
which was adopted
Resolved That the order in New
pof ." f M b
exercised the line OF our road in relation to con-
rua. .alr@ed. A-' 'fe'"'s ''' '' '''''''N -AN
@. A. Lambard of New York. offered the follow
ing, which was adopted
Resolved That the action Of Board of Directors ap-
pointing W. Gliddsn, oakes Ames James % Brooks G. 8
and land grant bonds TO the shareholders In this com
pany made for the sale in conformity thereto
are hereby authorized requested TO receive payment
the and TO amply the amount received to the
OF the current expenses and debts OF this company.
B. E. Bates offered the following, which was
adopted
s sd @ ns ny
President hereby ana 70 procure
dire direct. .'' "''' '''' N''''' ~ ''' - '
Mr. James Brooks OF New York, then addressed
the meeting as I iolows am no. s,1ckhoaer
it is watch the interests OF the United States in
this road, know well its position. Congress for
several years prior 1862 had been called upon by
commerce and trade by the Post ONCE and War De-
partmens and by both Of the then great parties OF
the country In national convention assembled to
provide the ways and means for connecting the At
lantic with the Pacific states. In 1862 Congress
chartered nearly 200 c0rporators giving them tracts
OF alternate sections OF the public lands with other
privileges OF importance. Ihe engineers % OF the gov
RADIO such frightful roads and passes over the
then comparatively unknown Rocky Mountains that
the railroad men everywhere declined 10 accept the
charter The charter was at 1t were dead from 1862
to and into 1864, when Congress, the more to
tempt railroad men and capital to start and invest
promised the company to the first mortgage bonds
OF the company itself. Not even then, for year
more, could capital in New York, Boston, Chicago
and elsewhere. be tempted TO invest much Ii is
a noteworthy fact that but two OF the original
the whole capital and energy invested in the work
came from two gentlemen-one OF the original
corporators alluded TO- and another, not an original
corporator, in the city of New York. These gentle
men had expended their means after seeking In vain
for essential help in New York, Albany, Phil
to Boston and was successful in securing
at first only small investments. The capital OF the
country would not look at The work % 20 invest In IT,
Pawnees and savage Sioux ana other Indians in
tested the Plains and threatened the lives of or
killed the surveyors, engineers and track builders.
Fortunately for the men who had invested IN the
road, their engineers discovered other routes
frightu than the government engineers had
marked out-routes which science and art
originally contemplated. The discovery OF these
routes alone saved the company froml bankruptcy,
and all concerned IN Il from ruin. Their engineers
the Rocky Mountains than they had In passing the
Alleghanies. When these discoveries were made
ny" envy and % c4pIdity too, on the part Of some as
who had let slip their opportunity TO become
corporaters OF stockholders. Il must be remem-
bered that when the work was begun Iowa had no
railroad across from the Mississippi 10 the Missouri
There was no wood for ties on the praries OF Iowa
and Nebraska, and only cottonwood within reach
on the Missouri. The company had to be at the ex-
pense OF burnettizng the cottonwood ties and
az the. woods OF the Rocky Mountains were
better timber. Rails could not be carried
shipped from New York or Philadelphia 10 New
Orleans, thence carried by steam up the Mississippi
and Missouri TO Omaha. Locomotives, too, had to
be shipped by the same routes. workmen had 10
be brought from the Atlantic States. The expense
% %n, ing would S sosi IN 'na e
tic and Ohio River states. The construction
tram brstled with arms and armed men as the
invaded the haunts OF hostile savages Locomotive
trains were fortified on the prairies az would be
ships against pirates In the open sea. Looking at
all these obstacles IL was no wonder that capital was
p49
In 1862 and the more liberal act OF 1864. When Con-
gress thus legslated IN 1884, speak what know as
member thereof when say " was never ex-
one dollar OF the principal OF the bonds
Congress then agreed 10 loan: but the company now
asks for and exacts no such bounty Tney mean
and expect 70 repay all and the interest upon all
could not have been settled for nfty years
without Their iron road Congress, In the char
yer OF 1867, asked only that the road be COM
pIeted. Fourteen years. work has been really
done since l66t-ln five years. The car that
leaves Bosion few days hence can be landed on
shores OF the Pacific The work then and the ex.
cellence OF II too considering the obstacles a has
surInoun,ed ls the most wonderful work OF clviza-
uon' anu oespite few unjust attacks at home, II
challenRes the admiration Of mankind. I am not
insensbls 70 the many high honors my friends have
gwen me IN . long public life but this 10 the
brigntest ana pest OF them, In enabling me 70 con.
the age.
Mr.. Oliver Ames then read the following tele.
grant,
To oLtvsa AMss. President Union Paciac Rsirosd-
Central Pacific Railroad eighteen miles from Promonory
O. n DODGE, csief Ensnser Unsn Psc,nc Railroad.
NJ. Ames explained that the despatch was equiva-
lent 70 statement that thirty mIee now intervene
Dssween nj ins completed portion Of the two roads