Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: June 8, 2025
In March 1865, his contract was transferred to the Credit Mobilier Company, which as has been previously stated, was organized by the promoters and insiders of the Railroad Company to do the actual construction.
As soon as they were convinced that the Credit Mobilier clique had sacked the railroad of all immediate plunder, the participating capitalists showed a sturdy alacrity in shunning the project and disclaiming any further connection with it. Their stock, for the most part, was offered for sale. It was now that Jay Gould eagerly stepped in.
Positions on this bench are deemed eminently desirable, as they are for life, or "during good behavior." The salaries are not to be despised either, being ten thousand dollars each per annum, with an additional five hundred dollars to the Chief Justice. The Credit Mobilier made a deal of talk, although comparatively few people knew what it really was.
To a country whose fears and suspicions had been aroused by the Credit Mobilier scandal, the "salary grab" and the "back pay steal" were fresh indications that corruption was entrenched in Washington. Senators and Representatives began at once to hear from their constituencies.
In Washington the lobbyists were demanding blackmail with threats of organized hostility. Speculators in Well Street were a unit in bearing the stock and in attacking the credit of the Company. The stock of the Credit Mobilier up to the assignment by Ames to the seven trustees, had not met with anything like a ready sale.
I do not believe that it is possible for any man to tell his capacity for crime until he has been tested. There have been men who denounced all kinds of frauds, who scorned all mean transactions, who would have had you believe that it was impossible for them ever to be tempted to dishonesty, and yet they may be owning to-day the chief part of the stock in the Credit Mobilier.
In settlement of the several contracts, the Union Pacific Railroad Company paid the Credit Mobilier: Hoxie Contract Miles Omaha to 100th Meridian 247 $12,974,416.24 Ames Contract 100th Meridian West 667 57,140,102.94 Davis Contract To point five miles west of Ogden 125 23,431,768.10 1039 $93,546,287.28
Where others saw cessation of plunder, he spied the richest possibilities for a new onslaught. For years he had been a covetous spectator of the operations of the Credit Mobilier; and, of course, had not been able to contain himself from attempting to get a hand in its stealings.
Benjamin F. Butler was another power in the House, who delighted to engage in a debate, with copious invective interlinings, and who was more feared on the Republican side of the House than on the Democratic. And then there was Oakes Ames, a blunt, honest man, whose perceptions of right and wrong were not cloaked, but who placed his "Credit Mobilier" shares "where they would do the most good."
Hamerton went to visit the New Sorbonne, the Hotel de Ville, the Lycee Janson, the new pictures in the Museum of the Luxembourg, those in the private exhibition of M. Durand-Ruel, as well as the exhibitions at Messrs. Goupil's and Petit's. He saw J. P. Laurens' "Voute d'Acier," M. Rodin's studio, and the Musee du Mobilier National, with its beautiful tapestries.
Word Of The Day
Others Looking