HISTORICAL MEMOIR. XV11 



The security of the State, being the first lien, is based not 

 only upon the Roads themselves and their appurtenances, upon 

 which large amounts of private capital have been expended, 

 amounting in the case of the Pacific Main Line alone to 

 $3,254,582, but also upon large grants of land, amounting to 

 over two millions of acres, of which the fee simple title has 

 absolutely passed by act of Congress and the decision of the 

 General Land Office. 



