A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors

 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 3 : America in the Twentieth Century  Encyclopedia of American Wealth

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  Part II-Chapter 10 : Bankers of the Gilded Age  > Jay Cooke's Northern Pacific :     Previous   1 - 2 - 3 - 4 - 5 - 6  Next

   Jay Cooke and the Northern Pacific Railroad

Page entitled : Jay Cooke and the Northern Pacific Railroad

Content of this page is about :
The Northern Pacific, second US transcontinental railroad, chartered in 1864 and promoted by Josiah Perham, John Gregory Smith and Jay Cooke

Extract :
The Northern Pacific Railroad received its charter after Abraham Lincoln signed the Congressional Act on July 2, 1864. The second transcontinental railroad of the United States was projected on a route along the 32nd parallel from Duluth (Minnesota) to Puget Sound (Washington). At the time of its incorporation, both ends were pretty much "nowhere", as far as (modern) civilization was concerned, and the land in between had been object of treaties with several Indian nations, notably the Sioux. The railroad received a huge land grant of  ...


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