The Credit Mobilier of America

its origin and history, its work of constructing the Union Pacific Railroad and the relation of members of Congress therewith by Jay Boyd Crawford

Publisher: AMS Press in [New York

Written in English
Published: Pages: 229 Downloads: 855
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Subjects:

  • Ames, Oakes, 1804-1873.,
  • Credit Mobilier of America.

Edition Notes

Statementby J. B. Crawford. Boston, C. W. Calkins, 1880.
Classifications
LC ClassificationsHG4071.A3 C8 1971
The Physical Object
Pagination229 p.
Number of Pages229
ID Numbers
Open LibraryOL5221793M
ISBN 100404018378
LC Control Number75155099
OCLC/WorldCa163572

Durant's Big Scam. In this January essay, New Yorker financial columnist James Surowiecki investigates the Crédit Mobilier scandal behind the financing of the Union Pacific railroad, and compares it to the Enron scandal nearly a century and a half later. As the s came to an end, journalists and pundits began suggesting that we were living in a "new Gilded Age.".   Ames, Oakes. Defence of Oakes Ames against the charge of selling to members of Congress, shares of the capitol stock of the Credit Mobilier of America, with the intent to bribe said members of Congress. read in the House of Representatives, Feb. 25, [Washington?: N.p., ]. - .   In , the Central Pacific and the Union Pacific Railroad Companies began building a transcontinental railroad that would link the United States from east to . Get this book in print. Young America in Wall-Street of France bankers Bayard Taylor better bills Branch British bullion Calcutta capital cent China clipper cloth commerce Company cotton Credit Mobilier Crimea crisis crop debt Delhi dividends East Edition Emperor English Europe European exports fall Fcap fifty five foreign forty French.

The Credit Mobilier scandal was the first major corruption scandal in the wake of the Civil War. The Credit Mobilier company was found to be stealing from the Union Pacific Railroad in However, they tried to cover this up by selling stocks in their company at a large discount to government officials and Congress members including Vice. Pages from Mark Twain’s The Gilded Age, published in The illustrations in this chapter reveal the cost of doing business in Washington in this new age of materialism and corruption, with the cost of obtaining a female lobbyist’s support set at $10,, while that of a male lobbyist or a “high moral” senator can be had for $3, The materials in Subgroup 23 relate to Credit Mobilier of America and the Ames-Davis Contract Trustees. The subgroup contains correspondence and records concerning organization of the Pennsylvania Fiscal Agency which became Credit Mobilier of America, ; records and correspondence of the Ames-Davis Contract Trustees, ; and. A name for the late s, coined by Mark Twain (sarcastically because of the corruption) to describe the tremendous increase in wealth caused by the industrial age and the ostentatious lifestyles it allowed the very rich. The great industrial success of the U.S. and the fabulous lifestyles of the wealthy hid the many social problems of the.

Such cynicism was an underlying factor in the creation of the firm Credit Mobilier, which (making a long story fit limited space) was the project's cash cow (money launderer in today's language). That company was the means through which the thinly disguised payoffs went to .   The Credit Mobilier scandal rocked Washington in It ruined reputations, contributed to a massive Republican defeat in the congressional elections and colored the Mark Twain-Charles Dudley Warner novel, The Gilded Age: a Tale of Today. Credit Mobilier scandal National Labor Union Fisk, Jim Patrons of Husbandry (Grange) government ownership of railroads Railway Strikes of Gould, Jay Sylvis, William Granger laws United States v. E. C. Knight Interstate Commerce Act Vanderbilt, Cornelius Kelley, Oliver Hudson Wabash v. IllinoisFile Size: 4MB. The "Big Four" of the Central Pacific (Stanford, Huntington, Crocker and Hopkins) user their Credit and Finance Corporation in the same manner as Durant used the Credit Mobilier, but kept it, and the profits it generated, to themselves. J The Union Pacific laid their first rail at Omaha.

The Credit Mobilier of America by Jay Boyd Crawford Download PDF EPUB FB2

About the Book. The Americas were settled by people migrating from Asia at the height of an Ice years ago.

There was no contact with Europeans until Vikings appeared briefly in the 10th century, and the voyages of Christopher Columbus from America's Indigenous peoples were the Paleo-Indians, who were initially : Jay Boyd Crawford. Thomas The Credit Mobilier of America book Durant (February 6, – October 5, ) was an American physician, businessman, and was vice-president of the Union Pacific Railroad (UP) in when it met with the Central Pacific railroad at Promontory Summit in Utah Territory.

He created the financial structure which led to the Crédit Mobilier scandal. He was successful in building railroads in the Children: William West Durant, Héloïse Durant Rose. The Credit Mobilier of America: Its Origin and History, Its Work of Constructing the Union Pacific Railroad and the Relation of Members of Congress [Crawford, Jay Boyd] on *FREE* shipping on qualifying offers.

The Credit Mobilier of America: Its Origin and History, Its Work of Constructing the Union Pacific Railroad and the Relation of Members of Congress. APUSH Chapter 24 Vocabulary. STUDY. Flashcards. Learn.

Write. Spell. Test. PLAY. Match. Gravity. Created by. patattack. mr barberree ch Terms in this set (43) Credit Mobilier. the scandal in which Union Pacific executives formed their own railroad construction company, then hired and overpaid themselves to build their own railroad.

The Levi Leonard Papers, The University of Iowa Libraries, Iowa City, Iowa. For Union Pacific executive Thomas Durant, it was a money-making machine. It was a revolutionary business model Author: American Experience.

Durant chartered a company named Crédit Mobilier of America to garner profits from railroad construction, guaranteeing he and other insiders would realize a fortune from the railroad without. Get this from a library. The Credit Mobilier of America, a paper read before the Rhode Island Historical Society, Tuesday evening, Febru.

[Rowland Hazard; Rhode Island Historical Society.; YA Pamphlet Collection (Library of Congress)]. See J. Crawford, The Crédit Mobilier of America (Boston, ), and R. Hazard, The Crédit Mobilier of America (Providence, ), both of which defend Ames; also the histories of the Union Pacific Railroad Company by J.

Davis (Chicago, ) and H. White (Chicago, ); and for a succinct and impartial account, James Ford Rhodes, History of the United States, vol.

vii. Get this from a library. The Credit Mobilier of America; its origin and history, its work of constructing the Union Pacific Railroad and the relation of members of Congress therewith. [Jay Boyd Crawford].

The misdeeds of Iran-contra did not much resemble the turpitude of, say, the Crédit Mobilier episode, even if they did have a great deal in common.

A scandal between the Union Pacific Railroad and Crédit Mobilier of America. This scandal erupted in when Union Pacific Railroad insiders formed the Credit Mobilier construction company and then hired themselves at inflated prices to build the railroad line, earning high dividends.

When it was found out that government officials were paid to stay quiet about the illicit business, some. GILDED AGE IMPACT OF RAILROADS ON AMERICA DURING THE GILDED AGE Benefits Stimulated growth of other industries (steel, iron, coal, western farmers Credit Mobilier Scandal Union Pacific Fake construction company Bribed members of Congress Represented corruption of period View Corruption in Railroads.

"The Credit Mobilier scandal of damaged the careers of several Gilded Age politicians. Major stockholders in the Union Pacific Railroad formed a company, the Credit Mobilier of America, and gave it contracts to build the railroad. They sold or gave shares in this construction to influential congressmen.

Book/Printed Material Report of the Select Committee of the House of Representatives, appointed under the resolution of January 6,to make inquiry in relation to the affairs of the Union Pacific Railroad Company, the Credit Mobilier of America, and other matters specified in said resolution and in other resolutions referred to said Committee.

CHAPTER VIII. THE CREDIT MOBILIER. History of the Crédit Mobilier – Its connection with the Pacific Railway – The Oakes Ames Contract – Liberality of the Government towards the Road – A sharp Transaction Bleeding the Government – Congressional Aid – The kind of Aid needed – "We want more Friends in Congress" – Ames undertakes to manage Congress – "Satan in Paradise" – How.

Consult: Crawford, The Crédit Mobilier of America, Its Origin and History (Boston, ); and Hazard, The Crédit Mobilier of America (Providence, ), the latter being a paper read before the Rhode Island Historical Society in February, Report of the Select Committee of the House of Representatives, Appointed Under the Resolution of January 6, To Make Inquiry in Relation to the Affairs of the Union Pacific Railroad Company, the Credit Mobilier of America, and Other Matters Specified in Said Resolution and in Other Resolutions Referred to Said Committee.

The Credit Mobilier of America: Its Origin and History, Its Work of by Jay Boyd Crawford. Publication date Publisher C. Calkins & co. Book from the collections of University of California Language English. Book digitized by Google from the library of University of California and uploaded to the Internet Archive by user tpb.

Credit Mobilier Of America, Inc. is a Nebraska Domestic Corp filed on Ma The company's filing status is listed as Active and its File Number is The Registered Agent on file for this company is Rick D. Becker and is located at Seward Avenue Po BoxLincoln, NE Location: Nebraska (NE). The Credit Mobilier of America; Its Origin and History.

The Work of constructing the Union Pacific Railroad and the relation. The Credit Mobilier of America; Its Origin and History. Argosy Book Store.

East 59th St. New York City, NY (JavaScript must be enabled to view this email address). On this date, the New York Sun exposed the Crédit Mobilier scandal. Crédit Mobilier was a sham construction company chartered to build the Union Pacific Railroad by financing it with unmarketable bonds.

It also provided a mechanism to dispense the immense profits from building the railroad to the board of directors and its shareholders. A few years earlier, one of the chief participants. Disaffection: The First Continental Congress and American Identity.

Review Questions. Critical Thinking Questions. 6 America's War for Independence, Britain’s Law-and-Order Strategy and Its Consequences.

The Early Years of the Revolution. War in the South. Identity during the American Revolution. Review Questions. The Crédit Mobilier Scandal One of the great scandals in American political history involved financial fraud during the construction of the transcontinental railroad.

The directors of the Union Pacific came up with a scheme in the late s to divert. The scandal which took place for eight (8) years beginning in and coming to light in involved the Union Pacific Railroad (UPR) and the Credit Mobilier of America (CMA) company.

Crédit Mobilier of America scandal Expulsion of the Acadians Fourteenth Amendment to the United States Constitution Panic of Red-baiting Sixteenth Amendment to the United States Constitution Standard Oil Watered stock Whiskey Ring.

The Credit Mobilier of America; its origin and history, its work of constructing the Union Pacific railroad and the relation of members of Congress therewith HTTP" link in the "View the book" box to the left to find XML files that contain more metadata about the original images and the derived formats (OCR results, PDF etc.).

Pages: The Credit Mobilier was a railroad construction company, formed by the insiders of the transcontinental Union Pacific Railway. They hired themselves to build the railroad line and sometimes paid. The Credit Mobilier Scandal The Crédit Mobilier scandal of damaged the careers of several Gilded Age politicians.

Major stockholders in the Union Pacific Railroad formed a company, the Crédit Mobilier of America, and gave it contracts to build the railroad. Helen M. Davies, Emile and Isaac Pereire: Bankers, Socialists and Sephardic Jews in Nineteenth-century France.

Manchester: Manchester University Press, x + pp., $ (hardback), ISBN: Reviewed for by Esther Redmount, Department of. The Transcontinental Railroad's western leg was known as the Central Pacific, the vision of Theodore D.

Judah. While there were many who put great time, energy, and money into the venture his unyielding efforts in what he called "his" railroad (Central Pacific) laid the groundwork and firmly believed an acceptable route with manageable grades could be built through California's seemingly.

Oakes Ames (–) was a U.S. congressman, an early investor in the Central Pacific, and a key player in the Union Pacific and Crédit Mobilier stories.

Between his political power and the fortune he had made with his brother selling shovels during the Gold Rush, Oakes Ames, the "King of Spades," was in the position to do a lot for the.Discourse in memory of Oakes Ames.

Easton: D. S. Hasty, book and job printer, Crawford, Jay Boyd. The Credit Mobilier of America; its origin and history, its work of constructing the Union Pacific Railroad and the relation of members of Congress therewith, by J. .Subjects include Ohio and national politics, the disputed election oftariff and national finance, Credit Mobilier of America, and the Fitz-John Porter court-martial.

Other topics include education, Hiram College, the Disciples of Christ, and the Salish (Flathead) Indians.