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Updated: June 8, 2025
If he had admitted that he was an owner of stock in the Credit Mobilier Company, not much could have been made against him. His denials and explanations, which were either false or disingenuous, and his final admission of a fact which implied that he had been in the receipt of a quarterly payment from a post- office contractor, completed his ruin.
Petersburg, Stieglitz and Co.; Paris, Crédit Mobilier; Stockholm, Tottie and Arfuredson; London, N.M. de Rothschild and Son; Turin, Ardouin and Co.; Berlin, Mendelssohn; Geneva, Lombard, Odier, and Co.; Constantinople, Ottoman Bank; Brussels, J. Lambert; Madrid, Daniel Weisweller; Amsterdam, Netherlands Credit Co.; Rome, Torlonia and Co.; Lisbon, Lecesne; Copenhagen, Private Bank; Buenos Ayres, Mana Bank; Rio Janeiro, Mana Bank; Monte Video, Mana Bank; Valparaiso, Thomas La Chambre and Co.; Lima, Thomas La Chambre and Co.; Mexico, Martin Daran and Co.
Charges of enormous thefts committed by Credit Mobilier Company, and of corruption of Congress, were specifically made by various individuals and in the public press. A sensational hullabaloo resulted; Congress was stormed with denunciations; it discreetly concluded that some action had to be taken. The time-honored, mildewed dodge of appointing an investigating committee was decided upon.
Corporations which were large and wealthy for that day were already getting a controlling grip on the legislatures of the states, and if the Credit Mobilier scandal were typical, had begun to reach out to Congress.
It has always seemed to me that a rank injustice was done to Garfield on the occasion of the Credit Mobilier scandal of 1873, which came near costing him his position in public life.
We cannot be great merchants, but we can be small gamblers on the Bourse, or, thanks to the Credit Mobilier, imitate a cabinet minister, and keep a shop under another name. Perhaps you have heard that Enguerrand and I keep a shop. Pray, buy your gloves there. Strange fate for men whose ancestors fought in the first Crusade mais que voulez- vous?"
Happening to be in Washington at the revelation of the Cr<e'>dit Mobilier operations, I found him in the House of Representatives, and evidently in the depths of suffering. An effort was making to connect him with the scandal, and while everything I know of him convinces me that he was not dishonest, he had certainly been imprudent.
Several experiences with individual contractors had demonstrated that they could not be relied upon, in fact that it required more in the way of capital-influence, and omnipresence than any individual could exert, consequently all original contracts for the construction and equipping of the line were handled by the Credit Mobilier who subcontracted it with firms and individuals, they by their close relations with the Company and financial interests as well as by their wide ramifications, being able to purchase materials and supplies to better advantage.
As we sat at desert, Müller pulled out his book and pencilled a rapid but flattering sketch of the dining-room interior, developing a perspective as long as the Rue de Rivoli, and a mobilier at least equal in splendor to that of the Trois Frères. At sight of this chef d'oeuvre, Madame Choucru was moved almost to tears.
Ames was accused of selling to Congressmen at reduced rates, with intent to influence their votes, shares of stock in the "Credit Mobilier," a corporation for the construction of the Union Pacific Railroad. Mr. Brooks, who was a government director in the railroad, was charged with receiving such shares. The House did not expel the two members, but severely condemned them.
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