Editing First transcontinental railroad (section)

===Union Pacific financing===
While the federal legislation for the Union Pacific required that no partner was to own more than 10 percent of the stock, the Union Pacific had problems selling its stock. One of the few subscribers was [[the Church of Jesus Christ of Latter-day Saints]] leader [[Brigham Young]], who also supplied crews for building much of the railroad through Utah.<ref>Stewart, John J. [http://cprr.org/Museum/Stewart-Iron_Trail.html "The Iron Trail to the Golden Spike"] Chapter 7 "Utah's Role in the Pacific Railroad" p. 175, Salt Lake City, Utah: Deseret Book Co. (1969).</ref>

Durant manipulated market prices on his stocks by spreading rumors about which railroads he had an interest in were being considered for connection with the Union Pacific. First he touted rumors that his fledgling M&M Railroad had a deal in the works, while secretly buying stock in the depressed [[Cedar Rapids and Missouri Railroad]]. Then he circulated rumors that the CR&M had plans to connect to the Union Pacific, at which point he began buying back the M&M stock at depressed prices. It is estimated his scams produced over $5&nbsp;million in profits for him and his cohorts.<ref>{{cite web|url=https://www.pbs.org/wgbh/amex/tcrr/peopleevents/p_durant.html|title=PBS American Experience – Transcontinental Railroad – Durant Biography|website=[[PBS]]}}</ref>