The great Union Pacific and Central Pacific railroads were financed in large part by the issuing of Thirty-year six percent U.S. Government Bonds.  These were, in effect, loans from the U.S. Government to the railroads, and must be paid back in thirty years or less.  The U.S. Government settled these bonds with the railroads in 1898 and 1899.  The total sum of the initial loans to the railroads was $64,623,512.  The Union Pacific and Central Pacific railroads final repayment to the U.S. Government was $167,746490!

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