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Brigham Young University

Mormon Studies

1972

Finance

Articles 1 - 1 of 1

Full-Text Articles in History

The Union Pacific Railroad And The Mormon Church, 1868-1871: An In Depth Study Of The Financial Aspects Of Brigham Young's Grading Contract And Its Ultimate Settlement, Thomas M. Stevens Jan 1972

The Union Pacific Railroad And The Mormon Church, 1868-1871: An In Depth Study Of The Financial Aspects Of Brigham Young's Grading Contract And Its Ultimate Settlement, Thomas M. Stevens

Theses and Dissertations

In 1868, Brigham Young signed a grading contract with the Union Pacific Railroad to work on the transcontinental line in Utah. He sublet the job to other contractors who completed the work in February 1869. When the project was finished, there was still a great deal of money owed to Brigham Young by the Union Pacific and because of their financial difficulties, they were not able to meet the obligation immediately. To resolved the debt, Young sent Bishop John Sharp and Joseph A. Young to Boston in an effort to effect a settlement with the company. They obtain a partial …