The Story of the Pony Express by Glenn D. (Glenn Danford) Bradley
page 85 of 91 (93%)
page 85 of 91 (93%)
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[36] In June, 1860, Congress got into trouble with this company over
postal compensations. The steamship company, it appears, thought its remuneration too low and it further protested that the diversion of mail traffic, due to the daily Overland Stage Line and the Pony Express would reduce its revenues still further. Congress finally adjourned without effecting a settlement, and the mail, which was far too heavy for the overland facilities to handle at that time, was piling up by the ton awaiting shipment. Matters were getting serious when Cornelius Vanderbilt came to the Government's relief and agreed to furnish steamer service until Congress assembled in March, 1861, provided the Federal authorities would assure him "a fair and adequate compensation." This agreement was effected and the affair settled as agreed. At the expiration of the period, the war and the growing importance of the overland route made steamship service by way of the Isthmus quite obsolete. [37] The contractors are said to have been awarded $50,000 by the Government for their trouble in haying the agreement broken. [38] See page 153. Holladay secured possession of the outfits of the C. O. C. & P. P. Exp. Co., between the Missouri and Salt Lake City. [39] The Pioneer Line which had recently come into power and prominence had gained possession of the equipment west of Salt Lake. This line was owned by Louis and Charles McLane. Louis McLane afterward became President of the Wells Fargo Express Co. [40] Holladay is said to have received one million five hundred thousand dollars cash, and three hundred thousand dollars in express company stock for his interests. Besides these amounts which covered only the |
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