Page "Central Pacific Railroad" Paragraph 10

An 1865 San Francisco Pacific Railroad Bond approved in 1863 but delayed for two years by the opposition of the San Francisco Board of SupervisorsAlthough the Pacific Railroad eventually benefited the Bay Area, the City and County of San Francisco obstructed financing it during the early years of 1863-1865.

When Stanford was Governor of California, the Legislature passed on April 22, 1863, " An Act to Authorize the Board of Supervisors of the City and County of San Francisco to take and subscribe One Million Dollars to the Capital Stock of the Western Pacific Rail Road Company and the Central Pacific Rail Road Company of California and to provide for the payment of the same and other matters relating thereto " ( which was later amended by Section Five of the " Compromise Act " of April 4, 1864 ).

On May 19, 1863, the electors of the City and County of San Francisco passed this bond by a vote of 6, 329 to 3, 116, in a highly controversial Special Election.