The Atlantic and Pacific Telegraph Company (A&P) was an American communications company that operated in the 19th century. The Maine Legislature chartered the company in 1854. The company's stated objective was to build a telegraph system extending from the East Coast to the West Coast. [1]
In 1869 A&P leased telegraph lines from the Union Pacific Railroad (UP) and the Central Pacific Railroad, in exchange for company shares. Subsequently, the UP attempted to retake control of the lines in order to lease them to an additional, competing telegraph company, the American Union Telegraph Company. In 1880 the A&P obtained a court injunction to prevent the UP action. [2]
Through several complex transactions, which included patent negotiations with inventor Thomas Edison, financier Jay Gould acquired sufficient shares of A&P stock to obtain control of the company by 1875. [3] : 196–201 (During this time, Gould was also increasing his ownership in the UP, which he ended up controlling by 1880.) Gould's takeover was contested in litigation; meanwhile, Gould initiated a rate war with competing telegraph companies, most notably Western Union, the largest company in the industry. [4] By 1878, Gould had sold the A&P to Western Union at a handsome profit. [3] : 204–205 [5]
The Union Pacific Railroad is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second largest railroad in the United States after BNSF, with which it shares a duopoly on transcontinental freight rail lines in the Western, Midwestern and West South Central United States.
Cornelius Vanderbilt, nicknamed "the Commodore", was an American business magnate who built his wealth in railroads and shipping. After working with his father's business, Vanderbilt worked his way into leadership positions in the inland water trade and invested in the rapidly growing railroad industry, effectively transforming the geography of the United States.
Jason Gould was an American railroad magnate and financial speculator who founded the Gould business dynasty. He is generally identified as one of the robber barons of the Gilded Age. His sharp and often unscrupulous business practices made him one of the wealthiest men of the late nineteenth century. Gould was an unpopular figure during his life and remains controversial.
John Pierpont Morgan was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age and Progressive Era. As the head of the banking firm that ultimately became known as J.P. Morgan and Co., he was a driving force behind the wave of industrial consolidations in the United States at the turn of the twentieth century.
The Crédit Mobilier scandal was a two-part fraud conducted from 1864 to 1867 by the Union Pacific Railroad and the Crédit Mobilier of America construction company in the building of the eastern portion of the first transcontinental railroad from the Missouri River to Utah Territory. The story was broken by The New York Sun during the 1872 campaign of Ulysses S. Grant.
The Northern Pacific Railway was an important transcontinental railroad that operated across the northern tier of the western United States, from Minnesota to the Pacific Northwest. It was approved and chartered in 1864 by the 38th Congress of the United States in the national / federal capital of Washington, D.C., during the last years of the American Civil War (1861-1865), and given nearly 40 million acres of adjacent land grants, which it used to raise additional money in Europe, for construction funding.
The Erie Railroad was a railroad that operated in the Northeastern United States, originally connecting Pavonia Terminal in Jersey City, New Jersey, with Lake Erie at Dunkirk, New York. The railroad expanded west to Chicago following its 1865 merger with the former Atlantic and Great Western Railroad, also known as the New York, Pennsylvania and Ohio Railroad.
The Louisville and Nashville Railroad, commonly called the L&N, was a Class I railroad that operated freight and passenger services in the southeast United States.
The Colorado Central Railroad was a U.S. railroad company that operated in Colorado and southeastern Wyoming in the late 19th century. It was founded in the Colorado Territory in the wake of the Colorado Gold Rush to ship gold from the mountains. It expanded from its Golden–Denver line to form a crucial link connecting Colorado with the transcontinental railroad and the national rail network. The history of the railroad throughout the 1870s was driven at times by a fierce struggle between local interests, led by W.A.H. Loveland, and outside investors of the Union Pacific Railroad led at times by Jay Gould. The early struggle of the company to build its lines was a major part of the early competition between Denver and Golden for supremacy as the principal metropolis of Colorado.
The Kansas Pacific Railway (KP) was a historic railroad company that operated in the western United States in the late 19th century. It was a federally chartered railroad, backed with government land grants. At a time when the first transcontinental railroad was being constructed by the Central Pacific and the Union Pacific, it tried and failed to join the transcontinental ranks. It was originally the "Union Pacific, Eastern Division", although it was completely independent. The Pennsylvania Railroad, working with Missouri financiers, designed it as a feeder line to the transcontinental system. The owners lobbied heavily in Washington for money to build a railroad from Kansas City to Colorado, and then to California. It failed to get funding to go west of Colorado. It operated many of the first long-distance lines in the state of Kansas in the 1870s, extending the national railway network westward across that state and into Colorado. Its main line furnished a principal transportation route that opened up settlement of the central Great Plains, and its link from Kansas City to Denver provided the last link in the coast-to-coast railway network in 1870. The railroad was consolidated with the Union Pacific in 1880, and its mainline continues to be an integral part of the Union Pacific network today.
The Pittsburgh and West Virginia Railway was a railroad in the Pittsburgh, Pennsylvania, and Wheeling, West Virginia, areas. Originally built as the Wabash Pittsburgh Terminal Railway, a Pittsburgh extension of George J. Gould's Wabash Railroad, the venture entered receivership in 1908, and the line was cut loose. An extension completed in 1931 connected it to the Western Maryland Railway at Connellsville, Pennsylvania, forming part of the Alphabet Route, a coalition of independent lines between the Northeastern United States and the Midwest. It was leased by the Norfolk and Western Railway in 1964 in conjunction with the N&W acquiring several other sections of the former Alphabet Route but was leased to the new spinoff Wheeling and Lake Erie Railway in 1990, just months before the N&W was merged into the Norfolk Southern Railway.
The Central Branch Union Pacific Railroad was a railroad in the U.S. state of Kansas. Originally planned as a line from Atchison west into Colorado, and given federal land grants by the Pacific Railway Act of 1862 as one of the branches of the Union Pacific Railroad, it was left with a hanging end at Waterville, Kansas, when the Union Pacific Railway, Eastern Division, with which it was to connect, changed its route. The line was acquired by the Union Pacific through a stock purchase by Jay Gould and leased to the Missouri Pacific Railroad in 1880. In 1909 the Central Branch was merged into the Missouri Pacific; the latter company came back into the Union Pacific system in 1982. In 1991 the remaining trackage west of Frankfort was leased to the Kyle Railroad.
The Royal Gorge Route Railroad is a heritage railroad based in Cañon City, Colorado. A 1950s-era train makes daily 2-hour excursion runs from the Santa Fe Depot through the Royal Gorge along a famous section of the former Denver and Rio Grande Western Railroad.
The Manhattan Railway Company was an elevated railway company in Manhattan and the Bronx, New York City, United States. It operated four lines: the Second Avenue Line, Third Avenue Line, Sixth Avenue Line, and Ninth Avenue Line.
The Feather River Route is a rail line that was built and operated by the Western Pacific Railroad. It was constructed between 1906 and 1909, and connects the cities of Oakland, California, and Salt Lake City, Utah. The line was built to compete with the Southern Pacific Railroad, which at the time held a nearly complete monopoly on Northern California rail service. The route derives its name from its crossing of the Sierra Nevada, where it follows both the North and Middle Forks of the Feather River. The route is famous for its impressive engineering qualities and its considerable scenic value. All of the route is now owned and operated by the Union Pacific Railroad; however, the Union Pacific has transferred significant portions of the route to other lines. The portion still called the Feather River Route by the Union Pacific runs from the California Central Valley to Winnemucca, Nevada and has been divided into three subdivisions named the Sacramento, Canyon and Winnemucca subdivisions.
Sidney Dillon was an American railroad executive and one of the US's premier railroad builders.
The Gould transcontinental system was a system of railroads assembled by George Jay Gould I and the Fuller Syndicate in the early 1900s. This was Gould's attempt to fulfill a goal of his late father, financier Jay Gould. Due to financial troubles following the Panic of 1907, the system was never completed as a fully transcontinental line.
The West Jersey and Seashore Railroad (WJ&S) was a Pennsylvania Railroad subsidiary in the U.S. state of New Jersey with a connection to Philadelphia. It was formed through the merger of several smaller roads in May 1896. At the end of 1925 it operated 379 miles (610 km) of road on 717 miles (1,154 km) of track; that year it reported 166 million ton-miles of revenue freight and 332 million passenger-miles. The railroad became part of Pennsylvania-Reading Seashore Lines in 1933.
The following is a brief history of the North American rail system, mainly through major changes to Class I railroads, the largest class by operating revenue.
The Cleveland and Mahoning Valley Railroad (C&MV) was a shortline railroad operating in the state of Ohio in the United States. Originally known as the Cleveland and Mahoning Railroad (C&M), it was chartered in 1848. Construction of the line began in 1853 and was completed in 1857. After an 1872 merger with two small railroads, the corporate name was changed to "Cleveland and Mahoning Valley Railroad". The railroad leased itself to the Atlantic and Great Western Railway in 1863. The C&MV suffered financial instability, and in 1880 its stock was sold to a company based in London in the United Kingdom. A series of leases and ownership changes left the C&MV in the hands of the Erie Railroad in 1896. The CM&V's corporate identity ended in 1942 after the Erie Railroad completed purchasing the railroad's outstanding stock from the British investors.