Republican (nationalist) President Abraham Lincoln, of the united States, signs the Pacific Railway Act, authorizing federal subsidies ranging from 16,000 to 48,000 Dollars for the construction of the Union’s first transcontinental railroad.
NOTE: This act gave Lincoln the power to appoint the Union Pacific Railroad’s commissioners, and decide the eastern terminus of the railroad: As a political payoff, Lincoln named 158 bankers, industrialists and railroad executives that were responsible for his election; as a payoff to himself, Lincoln chose for work to begin at Council Bluffs, Iowa, where he had made considerable real estate investments based upon inside information he acquired as an attorney for the Illinois Central Railroad. The windfall made Lincoln a very rich man.
[restored 4/3/2022]
Republican President Abraham Lincoln, of the united States—without a constitutional amendment—signs the Morrill Land-Grant College Act, providing 30,000 acres of federal land to each “loyal” State for each Representative and Senator, for the purposes of establishing government-run agricultural and mechanical colleges.
[restored 4/3/2022]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Thomas J. DiLorenzo, Lincoln Unmasked: What you are not supposed to know about dishonest Abe, (New York: Crown-Forum, 2006), 110-11.
Calvin D. Linton, ed. The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 170.
Why the Republican Party Elected Lincoln by Thomas J. DiLorenzo
www.lewrockwell.com/dilorenzo/dilorenzo53.html
Current U.s. National Debt:
