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	Crédit Mobilier of America scandal - Wikipedia, the free encyclopedia
		The Crédit Mobilier of America scandal of 1872 involved the Union Pacific Railroad and the Crédit Mobilier of America construction company.
		The story was introduced to the public arena during the Presidential election campaign of 1872 by the newspaper New York Sun, which was against the re-election of Ulysses S. Grant.
		It was claimed that the $47 million contracts had given Crédit Mobilier a profit of $21 million and left Union Pacific and other investors near bankruptcy.
	en.wikipedia.org /wiki/Cr%C3%A9dit_Mobilier_of_America_scandal (377 words)

	American Experience \| Transcontinental Railroad \| People & Events
		In contrast, Crédit Mobilier investors were only responsible for the extent of their investment.
		Scandal erupted in election season 1872, as president and UP friend Ulysses S. Grant came up for his second term.
		"What this Crédit Mobilier is seems to be as much shrouded in mystery as is the fate of the missing $180,000,000 of capital stock of these roads," he complained.
	www.pbs.org /wgbh/amex/tcrr/peopleevents/e_scandal.html (975 words)

	Anti Essays : : Credit Mobilier Scandal
		Credit Mobilier Corporation was given monetary and land grants from the government in order to complete the transcontinental railroad.
		Credit Mobilier was a company set up by the Union Pacific directors to perform the physical tasks of building the railroad.
		The scandal was uncovered at the height of the Presidential campaign, and those who had accepted the stock and were up for re-election seemed so panic-stricken that many denied being friends with Ames or the company and let Ames stand alone (Brazad 252).
	www.antiessays.com /print.php?eid=682 (1723 words)

	The Crédit Mobilier - Union Pacific Railroad
		All the large stockholders in the Union Pacific were also stockholders in the Crédit Mobilier, and the Ames contract and its transfer to trustees, were ratified by the Union Pacific and received the assent of the great body of stockholders, but not of all.
		When the Crédit Mobilier came on the scene, all the assets of the Union Pacific were turned over to the new company in consideration of full paid shares of the new company's stock and its agreement to build the road.
		Brooks readily saw that though becoming a stockholder in the Crédit Mobilier was not forbidden by the letter of the law, yet it was a violation of the spirit and essence, and therefore had the stock placed in the name of his son-in-law.
	cprr.org /Museum/Credit_Mobilier_1873.html (11851 words)

	tyndall federal credit union (Site not responding. Last check: 2007-10-03)
		Credit may be extended by public or private institutions to finance business activities, agricultural operations, consumer expenditures, or government projects.
		Investment credits and investment allowances were adopted by the U.S. in 1962 in order to protect domestic business from foreign competition but have since been applied toward the support of energy conservation, pollution control, or various forms of desirable economic development.
		Credit cooperative formed by a group of people with some common bond who, in effect, save their money together and make low-cost loans to each other.
	credit-cards-info.net /credit-union/tyndall-federal-credit-union.html (589 words)

	Credit mobilier scandal (Site not responding. Last check: 2007-10-03)
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	credit.bbtttgg.org /credit-mobilier-scandal.html (705 words)

	scandals
		From the scandalous Grant administration and the corrupt election of 1888 to the more modern scandals such as Clinton's Whitewater involvement and his alleged sex affair, political corruption has marked the face of government for hundreds of years.
		Using federal funds, the Union Pacific paid the members of the Credit Mobilier, a company they had created to construct the transcontinental railroad, huge sums of money for their work even when the work had not been completed.
		In other words, the scandals that have been committed recently are more widely and publicly known and require a great deal of cover up to hide them.
	nhs.needham.k12.ma.us /pages/cur/Sintros3/Scandals/scandals.html (661 words)

	American Experience \| Transcontinental Railroad \| Special Features
		In this January 2003 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.
		The Crédit Mobilier charged the railroad tens of millions of dollars more than the actual cost of construction, all of which went right into the pockets of the men who were supposedly running the Union Pacific.
		In fact, while scandals like the Crédit Mobilier were endemic during the Gilded Age (Mark Twain's novel of the same name is about little else), the railways that were built during that time transformed the U.S. economy.
	www.pbs.org /wgbh/amex/tcrr/sfeature/sf_scandals.html (1584 words)

	Crédit Mobilier scandal - Hutchinson encyclopedia article about Crédit Mobilier scandal (Site not responding. Last check: 2007-10-03)
		US financial scandal 1872 in which more than a dozen US congressmen, including the future president James A Garfield, were implicated.
		It involved corrupt dealings by the Crédit Mobilier construction company at the expense of shareholders in the Union Pacific Railroad company in the late 1860s.
		This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.
	encyclopedia.farlex.com /Cr%E9dit+Mobilier+scandal (124 words)

	Educate Yourself - Credit Mobilier
		Credit Mobilier then raised capital in its name to finance the railroad's construction, but charged exorbitant fees along the way, knowing it would be repaid (with healthy interest, of course) from the loan proceeds that Union Pacific received.
		Through this scam, the stockholders of Credit Mobilier made millions as a result of the wild overcharging, while Union Pacific and its stockholders were bled dry.
		Since the owners of Credit Mobilier had to make sure there was no interference from Washington, they enlisted the help of Congress as well as members of the Grant administration, who were then given stock in Credit Mobilier.
	www.buyandhold.com /bh/en/education/history/2005/credit_mobilier.html (1295 words)

	credit mobilier
		Credit Mobilier Union Pacific about 100 million to build the railroad nearly twice what job actually cost.
		Credit Mobilier " Credit Mobilier scandal of 1872 1873 damaged the low cost careers of several Age politicians.
		His record was marred his unorthodox acceptance of a fee degoyer paving contract case and suspicions of his complicity in Credit Mobilier scandal.
	www.cleog.com /creditmobilier.htm (1998 words)

	Credit Mobilier - testimony of C. P. Huntington, 1873
		The Union Pacific Railroad's Credit Mobilier scandal during President Ulysses S. Grant's administration lead to a congressional inquiry that included the following testimony taken from Collis Potter Huntington of the Central Pacific Railroad so that the practices of the two railroads could be compared by the committee.
		"The Credit Mobilier was a construction company created by leaders of the Union Pacific Railroad in 1867.
		The company was exposed five years later as one of the major scandals in American History, damaging the reputation of politicians and businessmen alike.
	cprr.org /Museum/Credit_Mobilier.html (12824 words)

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	scandal.thearvi.com /credit-mobilier-scandal.php (366 words)

	HarpWeek: Cartoon of the Day
		This Harper’s Weekly cartoon by Thomas Nast indicts the congressmen involved in the Credit Mobilier scandal as well as an irresponsible press corps for violating the public trust.
		Credit Mobilier was the holding and construction company of the federally subsidized Union Pacific Railroad.
		Since the Union Pacific’s board of directors ran Credit Mobilier, they were able to make an estimated $16.5 million in profits, and by the time of the railroad’s completion in 1869 the value of Union Pacific stock had risen 750%.
	www.harpweek.com /09Cartoon/BrowseByDateCartoon.asp?Month=March&Date=15 (715 words)

	Mobilier - Grosfillex-Mobilier de loisir (Site not responding. Last check: 2007-10-03)
		The Crédit Mobilier scandal of 1872-1873 damaged the careers of several Gilded Age politicians.
		The word mobilier means personal property, general stock, as bien mobilier (personal chattels), mobilier vif et mort (live and dead stock).
		Credit Mobilier de Monaco is one of the 11000 companies and 25000 brands for which Transnationale and Co. provides social, financial and environmental
	netlinklist.com /?q=mobilier (416 words)

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	scandal.widefrog.com /credit-mobilier-scandal.php (239 words)

	scandals.com (Site not responding. Last check: 2007-10-03)
		Among the most famous of these scandals was the Watergate scandal, the Ulysses S. Grant scandals in the 1800's and todays Clinton sex scandals.
		This was when all of the high ranking government officials raised their salaries and the whiskey frauds were several Treasury members bribed by distillers.
		In the 1800's, these kinds of scandals were do not exist or at least not as frequent as they are today in the 1990's.
	nhs.needham.k12.ma.us /pages/cur/sintros2/DS_TK/scandals.com.htm (265 words)

	Schuyler Colfax - MSN Encarta
		In 1868 he was elected vice president of the U.S. and held that office during the first term of President Ulysses S. Grant.
		Colfax was an unsuccessful candidate for renomination in 1872, and the following year he was implicated in the political scandal of the Crédit Mobilier of America.
		He spent the remainder of his life in political retirement.
	ca.encarta.msn.com /encyclopedia_761555462/Schuyler_Colfax.html (160 words)

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	Credit Mobilier Gifts
		Related topics: election, elections, garfield, general garfield, james garfield, james a garfield, credit mobilier, scandal, credit mobilier of america scandal, nast, thomas nast, republicans, republican party, corrupt,
		Copyright in this image is owned by the original artist, rights to reproduce or use the image may be obtained from www.CartoonStock.com.
		Related topics: general garfield, colfax, schuyler colfax, credit mobilier of america scandal, credit mobilier, union pacific, union pacific railway, oakes ames, james patterson, corruption, corrupt, republicans, republican party, justice, newspaper, newspapers,
	www.cartoonstock.com /vintage/directory/c/credit_mobilier_gifts.asp (627 words)

	Credit Mobilier (Site not responding. Last check: 2007-10-03)
		The Credit Mobilier Scandal was a scandal, which the promoters would let out contracts to constructional companies at inflated prices, which were paid by Congressional Subtitles to the Union Pacific.
		Basically the Credit Mobilier was a huge fake company and a huge scandal were the promoters would just increase the value of their stocks and give them hugeprofits in cash.
		The promoters of the Credit Mobilier included Congressmen Oakes Ames of Massachusetts, Thomas C. Durant and a few other influential stockholders of the Union Pacific.
	pages.prodigy.net /ohio1972/N1DCreditMobilier.htm (202 words)

	Crédit Mobilier of America
		Oakes Ames, as head of the Crédit Mobilier, in 1867 assigned contracts to seven trustees to build the remaining 667 mi (1,074 km) of road for a total sum that brought profits variously estimated at from $7 million to $23 million.
		The scandal became political when Ames (a U.S. Representative), to forestall investigation or interference by Congress, sold or assigned shares of the Crédit Mobilier stock to members of Congress at par, although the shares were worth twice as much at the time.
		The rise of rise of dispersed ownnership: the roles of law and the state in the separation of ownership and control.
	www.infoplease.com /ce6/history/A0813974.html (370 words)

	[No title]
		He was a vocal critic of slavery, corruption and railroad monopolies, and was one of the few investors to emerge from the Credit Mobilier railroad scandal with his reputation unscathed.
		His records regarding Credit Mobilier are one of the most important resources on that national scandal.
		These records that were transferred from the John Carter Brown Library constitute the bulk of the RIHSL holdings on Rowland G. Hazard I, including almost all of the Credit Mobilier, lawsuit and financial records.
	www.rihs.org /mssinv/Mss483sg05.htm (2196 words)

	SparkNotes: Reconstruction (1865–1877): Grant’s Presidency: 1869–1876
		In 1872, the scandal was exposed, and Colfax resigned.
		The president vowed to hunt down and punish all those involved in the Whiskey Ring but was forced to eat his words when he discovered that his own personal secretary was involved in the ring.
		Fed up with scandals in the Grant administration, a significant number of Republicans broke ranks with the radicals and moderates in Congress before the 1872 presidential elections, forming a breakaway party called the Liberal Republican Party.
	www.sparknotes.com /history/american/reconstruction/section5.rhtml (1396 words)

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	This Day in History
		Enterprising Massachusetts Representative Oakes Ames had hastily formed Credit Mobilier in the wake of the government's grant to Union Pacific and then proceeded to dole out bribes to various officials to win the construction job.
		Simply winning the lucrative assignment was not enough to sate Ames; he also charged the government $100 million for the job, which was double what the rail line had cost to construct.
		The case against Credit Mobiler lived on, eventually making it to the Supreme Court, which ruled for Ames's company on the grounds that the government couldn't marshal a lawsuit until Credit Mobilier's debt matured in 1895.
	www.historychannel.com /tdih/tdih.jsp?category=wallstreet&month=10272954&day=10272983 (313 words)

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