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Updated: July 8, 2025
Extraordinary costs such as these, combined with the extravagant methods of construction and financing, brought the total cost of the property up to what was in those days a fabulous sum of money. The records indicate that the profits which accrued through the Credit Mobilier and in other ways in the construction up to the time of the opening in 1869 exceeded fifty millions of dollars.
After holding many sessions, and collating volumes of testimony, the committee found, as it stated in its report, that the total cost of building the Union Pacific Railroad was about $50,000,000. And what had the Credit Mobilier Company charged?
The curious may consult the Recherches sur le Cuir dore, anciennement appele Cuir basane, by M. de la Queriere, also M. Jacquemart's Histoire du Mobilier, in which is found a very exact representation of a specimen, probably Italian.
The classic periods in French furniture were those known as Francis I, Henry II and the three Louis, XIV, XV, and XVI. One can get an idea of all French periods in furnishing by visiting the collection in Paris belonging to the government, "Mobilier National," in the new wing of the Louvre. It is always necessary to consult political history in order to understand artistic invasions.
Win at the Bourse, what follows? the Chamber, the Senate, the Cross, the Minister's 'portefeuille. I might rejoice in all this for the sake of Europe, could it last, and did it not bring the consequences that follow the demoralization which attends it. The Bourse and the Credit Mobilier keep Paris quiet, at least as quiet as it can be.
Early in 1873 the government investigation of the Credit Mobilier Company led to widespread distrust of the roads and made investors conservative about buying bonds. On September 18, 1873, Jay Cooke and Company found itself unable to continue business and closed its doors. The failure was a thunderbolt to the financial world.
If you but go to a kiosque to get a Figaro, the white-capped marchande has something clever to say. The rain, the air, the clouds, the sun are full of esprit for her are to her banques de France, upon which she has an unlimited credit credit fonder, if you will, credit mobilier, or what not.
The Credit Mobilier was formed to do the actual building, and with many trials, discouragements, and unforeseen expense, the work was continued to its completion. The initial eastern point had been fixed by the Charter two hundred and forty-seven miles west of Omaha at the hundredth Meridian, branches being contemplated to connect it with the Missouri River.
As the Union Pacific Stock could only be sold for cash at par according to act of Congress, notwithstanding it was only worth thirty cents on the market, the Railroad Company would give their check to the Credit Mobilier on construction account and this check could then be used in payment of stock, making it a cash transaction.
The legs of tables are generally fluted, as noticed above, tapering towards the feet, and are relieved from a stilted appearance by being connected by a stretcher. Made by Riesener for Marie Antoinette. Collection "Mobilier National." M. Williamson quotes verbatim the memorandum of which this was the subject.
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