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1982 Union Pacific Corporation

 

 

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Stock Code UPC01

  Certificate  dated 10th March 1982 for 100 shares of common stock of par value $2.50 each, in the name of Shearson / American Express Inc.

This certificate has the printed signatures of William S Cook, President and C N Olsen, Secretary of the Company. Vignette of three workers at top of  certificate. Ornate orange border.

Certificate size is 20.5 cm high x 30 cm wide (8" x 12").

About This Company

Framed Certificate Price : 52.50

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About This Company
 
1848 The first ten miles of the Galena and Chicago Union Railroad are completed, a direct predecessor of the Chicago & North Western.

1851 July 4 marks groundbreaking ceremonies for the Pacific Railroad, a direct predecessor of the Missouri Pacific. The first rails of what will eventually become the Southern Pacific are laid at Buffalo Bayou, near Houston, TX.

1862 President Abraham Lincoln signs the Pacific Railroad Act, which names and directs two companies, the Union Pacific and the Central Pacific, to construct a transcontinental railroad.

1863 Ground is broken at Omaha for Union Pacific, but construction is delayed because of insufficient funding. Central Pacific begins construction east from Sacramento, CA.

1865 The first UP rail is laid in Omaha. The predecessor of the Missouri, Kansas & Texas Railroad (Katy), is incorporated as the Union Pacific Railway Southern Branch. The manual block system of traffic control is developed. This is later replaced, in 1872, by the automatic block signal, which electrifies track circuits, reducing the frequency of accidents and collisions.

1867 George Pullman, along with Andrew Carnegie, approaches Durant with the idea of sleeper cars. George Westinghouse patents the air brake. The refrigerator car is developed. UP establishes its Land Office, and land is sold for $5 an acre.

1868 Confederate veteran Major Eli H. Janney patents the automatic coupler.

1869 The golden spike is driven at Promontory Summit, Utah by officials of the Union Pacific and Central Pacific, marking the inauguration of the transcontinental railroad.

1870s Miners flock to Colorado.

1871 The Denver & Rio Grande completes its initial 3' gauge line between Denver and Colorado Springs, CO. The Texas & Pacific Railway incorporate to build a line from Marshall, Texas on through El Paso to San Diego, CA.

1872 The Credit Mobilier scandal emerges. Durant and other UP officials reap $23 million in dividends from the bogus construction company Credit Mobilier, passing its stock to influential members of Congress.

1876 The Missouri Pacific Railway is created by the investors who purchased the Pacific Railroad.

1879 Jay Gould acquires controlling interest in Missouri Pacific.

1880 Union Pacific purchases the Kansas Pacific and Denver Pacific railroads.

1881 Missouri Pacific gains control of the St.Louis, Iron Mountain & Southern.

1884 The Oregon Short Line is completed, connecting the UP main line at Granger, Wyoming to the Pacific Northwest via the Oregon-Washington Railroad and Navigation Company. The Southern Pacific company is created.

1885 The Rock Springs massacre occurs when white miners in Wyoming receive news that raises were given to Colorado miners, but not to them. Already resentful at having to share their mines with Chinese workers, they become furious. The fury explodes when a mob storms into Chinatown, burning 100 homes to the ground and shooting many Chinese miners and their families.

1887 The Interstate Commerce Commission was established, the nation's first independent regulatory agency, to oversee railroads. The ICC was given additional power to regulate virtually all aspects of the business in 1920 when the government returned railroads to their owners after taking control during World War I. The ICC was replaced by the Surface Transportation Board in 1995.

1888 Narrow gauge track mileage peaks on the Denver & Rio Grande as they begin a program of standard gauging on key routes.

1880s-90s Higher powered locomotives able to pull heavier and longer trains come into common use. Articulated construction allows longer locomotives to bend while rounding curves.

1890 Union Pacific Coal Company, the first UP subsidiary, is established. The Denver & Rio Grande completes the conversion of its Denver to Salt Lake City main line from 3' gauge to standard gauge.

1892 Jay Gould dies and control of his rail empire passes to his son, George Gould.

1893 Union Pacific falls into bankruptcy.

1896 A head-on collision is staged by the Katy Railroad at Crush, Texas as a publicity stunt. Witnessed by 40,000 people, two of the crowd die and several are wounded when the steam locomotives explode.

1897 Union Pacific is sold to a group of investors for $110 million. Their number includes E.H. Harriman, then-president of the Illinois Central.

The 1900s

1901 Union Pacific purchases 38% of Southern Pacific stock and assumes control of the railroad.

1903 The Western Pacific Railway is organized to build the San Francisco to Salt Lake City route to compete with SP. Western Pacific is part of George Gould's Rio Grande-Missouri Pacific system.

1905 The San Pedro, Los Angeles and Salt Lake Railroad is completed. The last spike is driven west of Las Vegas, providing UP access to Los Angeles.

1906 Construction of Western Pacific begins at Oakland, CA. The Pacific Fruit Express Company is formed, with joint ownership by SP and UP.

1907 The Denver, Northwestern & Pacific Railroad (later the Denver & Salt Lake) completes its initial line west of Denver toward Bond, CO. Built by David Moffat, the line is planned as competition for the Denver & Rio Grande Western on the Denver to Salt Lake City route.

1909 Union Pacific and Southern Pacific begin using articulated steam locomotives as helper engines on mountain grades. The articulation featured a "hinged" frame that permitted bigger boilers, yet allowed the locomotives to negotiate sharp curves. The concept reached its peak in the 1940s.
 

E.H. Harriman dies. The final spike of Western Pacific is driven near Keddie, CA.

1913 UP is ordered by the U.S. Supreme Court to sell its 46% share of SP stock and relinquish control.

The Denver, Northwestern & Pacific Railroad (later the Denver & Salt Lake) reaches Craig, Colo., its final terminal, less than half the distance toward its goal of Salt Lake City, Utah. Built by David Moffat, the line planned as competition for the Denver & Rio Grande Western on the Denver to Salt Lake City route.

1915 MP and SLIM&S declare bankruptcy and are placed into receivership. WP goes into receivership, followed by D&RGW. A year later, WP reorganizes. Gould loses control of the railroad.

1917 MP and SLIM&S are reorganized and merged into the Missouri Pacific Railroad Company.

1921 Discovery of the Lincoln railroad car silver in a UP vault in Omaha leads to the founding of the Union Pacific Historical Museum in the headquarters building.

1924 MP gains control of the New Orleans, Texas & Mexico Railroad and its subsidiaries. By 1929, MP and NOT&M have added several other Texas and Louisiana railroads to their empire.

1928 The 6.21 mile-long Moffat Tunnel is completed in Colorado, allowing Denver & Salt Lake to abandon its route over Rollins Pass and shorten its route by 22.84 miles.

1930 The Denver & Rio Grande Western gains control of the Denver & Salt Lake.

1931 WP completes construction between Keddie and Bieber, CA on the Inside Gateway route. This line, in conjunction with the Great Northern, competes with SP for traffic to Oregon and California.

1932 SP gains control of the St. Louis Southwestern Railway, commonly known as the Cotton Belt.

1933 MP declares bankruptcy and is placed in trusteeship.

1934 The nation's first streamliner, the M-10000, introduces luxury passenger service. The Denver & Rio Grande Western completes the construction of the Dotsero cutoff, connecting the D&RGW and D&SL main lines in central Colorado and opening a direct route between Denver and Salt Lake City.

1935 Western Pacific goes into receivership.

1936 UP opens the Sun Valley Resort in Idaho, the country's first western ski resort. It features the nation's first ski lift with chairs, invented by railroad personnel in Omaha. C&NW, UP and SP jointly inaugurate the City of San Francisco streamliner running between Chicago and Oakland.

1937 Diesel-electric locomotives are introduced on the Missouri Pacific.

1939 Cecil B. DeMille's motion picture "Union Pacific" premieres in Omaha.

1941 The largest steam locomotive ever built, the Big Boy, goes into service on UP lines. This same year, diesel power is introduced for freight service.

1944 The last steam engine built for the UP, number 844, is constructed.

1945 WP emerges from reorganization.

1949 Blizzards strike Nebraska and Wyoming, closing UP's main line for seven weeks.

1955 Missouri Pacific retires its last steam locomotive.

1956 A 23-year trusteeship, the longest in U.S. rail history, ends as MP is reorganized. The Gulf Coast lines (NOTM, BSL&W, O&NW, NI&N, ISM&E, SLB&M, IGN, SAS, SAUG, AB, SB&RGV, SL, H&BV, HNS) are absorbed into MP.

1958 UP acquires Spokane International, giving UP a connection with Canadian Pacific Railway. Litchfield & Madison is merged into Chicago and North Western. Steam engines make their last runs on SP.

1960 UP targets Chicago, Rock Island & Pacific as a merger partner, beginning one of the longest, most bitterly contested merger proposals in railroad history. SP and Santa Fe begin an attempt to acquire the WP. Minneapolis & St. Louis is merged into C&NW.

1961 SP absorbs its Texas & New Orleans subsidiary.

1964 Texas & Pacific gains control of the Kansas, Oklahoma & Gulf and Midland Valley Railways. The KO&G-MV partner, Oklahoma City-Ada-Atoka Railway, is sold to the Atchison, Topeka & Santa Fe.

1965 The Pacific Electric subsidiary is absorbed into SP.

1966 ICC rejects the SP-AT&SF bid to acquire the WP.

1967 MP gains control of the Chicago & Eastern Illinois Railroad. SP completes the 78-mile Palmdale-Colton cutoff, allowing trains to bypass the Los Angeles basin.

1968 UP acquires the Mount Hood Railroad. The Chicago Great Western is merged into C&NW. MP and C&NW gain joint control of the Alton and Southern.

1969 The Union Pacific Corporation is established as a holding company, with Union Pacific Railroad as one of its operating companies. The Ft. Dodge, Des Moines & Southern is leased by C&NW. MP sells the Evansville line (eastern side) of C&EI to Louisville & Nashville, and the Chicago to Woodland junction passes into joint MP-L&N ownership.

1970 Western Pacific's California Zephyr vista dome passenger train makes its last run. D&RGW loses the last vestige of its steam-powered narrow gauge empire when the Chama, New Mexico to Durango, Colorado line is abandoned. Durango to Silverton remains as a tourist attraction, while Chama to Antonito, Colorado is sold for tourist train use.

1971 The National Rail Passenger Service Act transfers most passenger service to Amtrak (America, Travel and Track). Some railroads, notably the Denver & Rio Grande Western, Southern, and Chicago, and Rock Island & Pacific hold out and continue to operate their own trains.

1974 The ICC rules in favor of the UP-CRI&P merger, but three months later UP terminates its offer for the CRI&P, as the line is steadily declining. Rock Island falls into receivership.

1976 The Railroad Revitalization and Regulatory Reform (4R) Act calls for the restructuring of bankrupt lines and makes $2.1 billion in repayable financing available to northeastern and midwestern companies. The Chicago & Eastern Illinois and Texas & Pacific subsidiaries are absorbed into MP; the parent corporation, Mississippi River Corp., is renamed the Missouri Pacific Corp.

1977 The first double-stack car for container traffic is designed and tested by SP.

1978 Pacific Fruit Express, jointly owned by SP and UP, is dissolved equally. It becomes the SPFE and UPFE companies.

1980 The Union Pacific, Missouri Pacific and Western Pacific railroads file merger applications with the Interstate Commerce Commission. Chicago, Rock Island & Pacific ceases operations. In the following years, many of its lines are sold to other railroads, including MP, SSW and MKT. SSW acquires the Rock Island "Tucumcari" line and gains access to Kansas City. The MKT subsidiary Oklahoma, Kansas & Texas is created by purchasing Herington, KS to Dallas, TX from CRI&P.

1982 The UP-MP-WP merger is approved by ICC. As conditions of the merger, D&RGW gains trackage rights from Pueblo to Kansas City and SP gains trackage rights from Kansas City to St. Louis via MP.

1983 D&RGW ceases operation of its Denver-Salt Lake City Rio Grande Zephyr and joins Amtrak.

1984 UP and C&NW complete a connector line to the Powder River coal basin fields in eastern Wyoming.

1986 C&NW purchases the Kansas City-Minneapolis "Spine Line" from the Rock Island trustee after fierce competition from the Soo Line. C&NW proceeds to abandon the now-redundant ex-CGW line.

1988 UP acquires the Missouri-Kansas-Texas Railroad, commonly known as the Katy. Rio Grande Industries acquires the Southern Pacific Railroad. The D&RGW and SP railroads are merged, retaining the SP name.

1989 UP's Harriman Dispatching Center opens in Omaha, centralizing all train dispatching in one location. UP purchases 25% of Chicago & North Western stock, which is held in a voting trust. SP gains access to Chicago with the purchase of the St. Louis to Chicago line from the defunct Chicago, Missouri & Western. SP sets up a SPCSL (SP-Chicago-St. Louis) subsidiary.

1993 Disastrous flooding during the summer months strikes the midwestern states, causing millions of dollars in damage to UP and other railroads' physical plants. Train service is disrupted for several weeks throughout the region, as floodwaters crest.

1994 UP gains minority control of the C&NW following the ICC's approval of the voting control granted by its stock holdings. UP makes an offer for the Atchison, Topeka & Santa Fe in competition with Burlington Northern.

1995 UP merges with C&NW after acquiring the remaining 75% of its stock. UP ends its attempts to acquire the Santa Fe. The BN and AT&SF merge into the BNSF Corporation, and SP gains significant trackage rights from BNSF as a merger concession. On July 23, Union Pacific announces it will run a special passenger train across major portions of the United States to carry the 1996 Centennial Olympic Games flame to Atlanta. On August 3, UP and SP announce their intent to merge. Union Pacific and Burlington Northern Santa Fe reach a comprehensive agreement on September 27 to preserve and intensify rail competition following the UP/SP merger. On November 30, Union Pacific files its application with the Interstate Commerce Commission to acquire Southern Pacific. The 50,000th coal train is operated out of Wyoming's Powder River Basin on December 28, 12 years after UP operated the first train over the newly constructed connector line on August 16, 1984.

1996 On January 19, plans are announced of the intent to sell the 203-mile "Colony Line" in western South Dakota and Wyoming to the Dakota, Minnesota and Eastern Railroad. The 40-day journey of the Union Pacific 1996 Olympic Torch Relay Train begins its run on April 26. The Surface Transportation Board votes to approve the UP/SP merger on July 3. On July 27, Dick Davidson is elected as Union Pacific Corporation COO, and Ron Burns is elected as Union Pacific Railroad president. The Union Pacific-Southern Pacific merger takes effect on September 11, forming the largest railroad in the U.S. Ron Burns resigns as CEO and president of Union Pacific Railroad on November 6. Jerry Davis is named president and COO of the railroad. Dick Davidson, president and COO of UP Corporation and chairman of UPRR, is named CEO of the railroad. Dick Davidson is elected chairman and CEO of Union Pacific Corporation on November 21, succeeding the retiring Drew Lewis.

1997 On January 1, the Missouri Pacific Railroad legally merges into Union Pacific Railroad, with UPRR remaining as the surviving corporation. The Feather River Canyon line reopens on March 3, after massive flooding closed the line on January 2. On May 2, the first major step in the UP/SP merger is taken with the completion of the first of four cutovers to the computerized Transportation Control System (TCS); the former Denver & Rio Grande Western portion of the SP. The former SP headquarters building in San Francisco is offered for sale on June 15. A joint safety team of UP managers, union employees and Federal Railroad Administration representatives is established to review safety across the UP system on August 27. On September 3, UP and FRA unveiled a package of Safety Assurance Compliance Process measures (SACP). Union Pacific files a Service Recovery Plan with the Surface Transportation Board aimed at eliminating congestion on October 1.

1998 UP and BNSF announce that a joint regional dispatching center for Gulf Coast operations will be opened in Spring, Texas on March 15. On April 2, work begins on restoring 17 miles of former Missouri-Kansas-Texas track in new Braunfels, Texas to improve train movement between Ft. Worth and San Antonio. UP and BNSF announce the sale of the jointly-owned Camas Prairie Railroad in Idaho to a subsidiary of North American RailNet, Incorporated on April 17. On July 6, the sale of 12 miles of the Colorado Royal Gorge line to a tourist railroad is announced. A new $70 million intermodal terminal opens at Marion, Arkansas, 10 miles west of Memphis, Tennessee, on July 10. Ike Evans is named president and COO, and Jerry Davis is named vice chairman of Union Pacific Railroad, on September 15. A new $32 million diesel shop is dedicated at Hinkle, Oregon on November 23, and a special train dedicates the restoration of double track in western Iowa on December 1.

1999 Union Pacific increases it's financial interest in Ferrocarril Mexicano (Ferromex) to 26 percent. UP and Burlington Northern Santa Fe agree to coordinated dispatching operations covering Southern California, the Kansas City area and the coal-rich Powder River Basin of Wyoming. It is the largest railroad coordinated dispatching agreement in history. The rebuilt classification yard in Roseville, Calif., is reopened and named after retired UP Vice Chairman Jerry Davis. One of the largest railroad construction projects in modern times, the rebuilding of the double track main line and the addition of a third main track across Central Nebraska is completed. The segment is the busiest freight corridor in North America. An agreement is reached with the Electro-Motive Division of General Motors Corporation to lease 1,000 new SD70M locomotives, the largest single unit order in history and the beginning of an extensive locomotive replacement program.

2000 A 105-mile double-track project is completed between Gibbon, Neb. and Marysville, Kan. A new auto unloading facility is opened in Council Bluffs, Iowa. Another new auto facility also is opened in Centreville, Ill., serving the St. Louis area.

2001 Union Pacific tightens security across its system following terrorist attacks in New York City and against the Pentagon in Arlington, Va. Union Pacific begins adding large American flag decals to the sides of its locomotives.
 

Union Pacific named railroad supplier to the 2002 Olympic Winter Games.

2002 Union Pacific Corporation celebrates construction of its new 19-story headquarters building in Omaha. The building is scheduled to open in 2004. The sale of track and land between San Jose and Fremont, Calif. to the Santa Clara Valley Transportation Authority is announced. The company also announces the sale of land and track to the Utah Transit Authority for commuter train operation along the Wasatch Front. A licensing program for use of Union Pacific trademarks is announced.
 

Union Pacific operates a special train carrying the Olympic flame across 11 states over more than 3,200 miles enroute to the Winter Games in Salt Lake City.

2003 The Union Pacific Museum is opened at the historic Council Bluffs Carnegie Library.

 

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