News-October 14, 2015; 7:50 PM ET. Progressively colder air will lead to the first snowflakes and snowfall of the season, as well as the first freeze in parts of the Great Lakes, Northeast and neighboring Canada this weekend.
It was 150 years ago that Abraham Lincoln signed the Pacific Railway Act of July 1, 1862, creating the original Union Pacific. One of America's iconic companies, today Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP), linking 23 states in the western two-thirds of the country by rail and providing freight solutions and logistics expertise to the global supply chain.
Union Pacific Railroad insiders formed the Credit Mobilier. construction company and then hired themselves at inflated prices to build the railroad, making a lot of. money in the process. The company then gave shares of its stock to key congressmen so that they wouldnât. shut down the operation. An investigation showed two congressmen and the Vice President (Schuyler. Colfax) accepted payments. In 1874-75, the Whiskey Ring robbed the Treasury of millions in excise-tax revenues.