ATLANTIC AND PACIFIC RAILROAD
ATLANTIC AND PACIFIC RAILROAD. The Atlantic and Pacific Railroad Company was chartered in New York State in 1852 for the purpose of constructing a transcontinental railroad. The initial capitalization was $100,000,000. Anson Jones became a stockholder and director and was made commissioner to Texas. Robert J. Walker, former United States Secretary of the Treasury under President James K. Polk, and former Georgia Congressman T. Butler King were the primary promoters of the project. The company wanted to secure the sole franchise for a transcontinental railroad and acquired the charter of the Texas Western for $600,000 in stock and an option to purchase the other transcontinental projects chartered by the state. As a result, the Atlantic and Pacific was the only company to submit a bid that met the provisions of the Mississippi and Pacific act of 1853. However, the securities the company offered as bond were rejected by Governor Elisha M. Pease and the contract was canceled. At a meeting held in Montgomery, Alabama, on December 16, 1854, the promoters reorganized under the Texas Western charter, as all hopes of building a transcontinental railroad by the Atlantic and Pacific had ended.
Alexander Deussen, "The Beginning of the Texas Railroad System," Transactions of the Texas Academy of Science for 1906 (1907). Marshall Republican, January 13, 1855.
Image Use Disclaimer
All copyrighted materials included within the Handbook of Texas Online are in accordance with Title 17 U.S.C. Section 107 related to Copyright and “Fair Use” for Non-Profit educational institutions, which permits the Texas State Historical Association (TSHA), to utilize copyrighted materials to further scholarship, education, and inform the public. The TSHA makes every effort to conform to the principles of fair use and to comply with copyright law.
For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml
If you wish to use copyrighted material from this site for purposes of your own that go beyond fair use, you must obtain permission from the copyright owner.
The following, adapted from the Chicago Manual of Style, 15th edition, is the preferred citation for this article.Handbook of Texas Online, George C. Werner, "Atlantic and Pacific Railroad," accessed October 27, 2016, http://www.tshaonline.org/handbook/online/articles/eqa11.
Uploaded on June 9, 2010. Modified on March 21, 2012. Published by the Texas State Historical Association.