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The Acts of Congress (approved July 1, 1862, and July 2, 1864) incorporating the company provided for a government subsidy equal to $16,000 per mile for that portion of the line between the Missouri River and the base of the Rocky Mountains; $48,000 per mile for a distance of 150 miles through the mountain range; $32,000 per mile for the distance intermediate between the Rocky and the Sierra Nevada range; $48,000 per mile for a distance of 1 50 miles through the Sierra Nevada. The whole distance, as estimated by government, from Omaha to the navigable waters of the Pacific, at Sacramento, California, is 1,800 miles. The company has also a land grant equalling 12,800 acres to the mile. The original act provided that the government subsidy should be a first mortgage on the road; but by a subsequent amendment it was made a second mortgage the company being authorized to issue its own bonds to an amount equal to the government as a first mortgage on the line. The original act provided that the charge for government transportation should be credited to it in liquidation of its bonds; and that in addition, after the road should be completed, 5 per cent.