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It has been held that the Negro was primarily to blame for the corruption of the day. Here again it is well to recall the tendencies of the period. The decade succeeding the war was throughout the country one of unparalleled political corruption. The Tweed ring, the Crédit Mobilier, and the "salary grab" were only some of the more outstanding signs of the times.
The prospects for profit and loot were so unprecedentedly great that capitalists now blithely and eagerly darted forward. One has only to examine the list of stockholders of the Credit Mobilier Company in 1867 to verify this fact. No. 77 and No. 78, Reports of U. S. Senate Committees, 1872-73. Morton, Bliss & Co. held 18,500 shares; Pullman, 8,400 shares, etc.
During the palmy days of the Credit Mobilier following the adjustment of the differences with the Durant faction, thousands of dollars were spent in advertising and placing the stock. Display advertisements were inserted in all the prominent newspapers and paid agents located in all the important cities.
Men worth money nowadays like quick returns and large profits, thanks to the magnificent system of 'Credit Mobilier, in which, as you are aware, a man may place his money in any trade or speculation without liabilities beyond his share. Capitalists are nearly all traders or speculators." "Then," said the Marquis, half rising, "I am to presume, sir, that you are not likely to assist me."
Men worth money nowadays like quick returns and large profits, thanks to the magnificent system of 'Credit Mobilier, in which, as you are aware, a man may place his money in any trade or speculation without liabilities beyond his share. Capitalists are nearly all traders or speculators." "Then," said the Marquis, half rising, "I am to presume, sir, that you are not likely to assist me."
Colfax was much mortified at his defeat, but it turned out for the best, because Colfax became involved in the Crédit Mobilier before the campaign was over, and his name on the ticket would have injured the chances for success. Wilson, who was nominated to succeed Colfax for Vice-President, was a very good man.
Without doubt, the most important example of meubles de luxe of this reign is the famous "Bureau du Roi," made for Louis XV. in 1769, and which appears fully described in the inventory of the "Garde Meuble" in the year 1775, under No. 2541. This description is very minute, and is fully quoted by M. Williamson in his valuable work, "Les Meubles d'Art du Mobilier National," and occupies no less than thirty-seven lines of printed matter. Its size is five-and-a-half feet long and three feet deep; the lines are the perfection of grace and symmetry; the marqueterie is in Riesner's best manner; the mountings are magnificent reclining figures, foliage, laurel wreaths, and swags, chased with rare skill; the back of this famous bureau is as fully decorated as the front: it is signed "Riesener, f.e., 1769,
My father was a Democrat, but he voted for Lincoln, and fought for the blacks when the time came, and though I'm a Democrat like him, the Republicans are only black in their sympathies, and not in their acts." "An' what do yez say to the whisky frauds, an' black Friday, an' credit mobilier?" asked Dennis. "Of course I don't like them," said Peter; "but that's the politicians, not the party."
Out of this situation grew the plan for subletting the work to a construction company known as the Pennsylvania Fiscal Agency a name which was afterwards changed to that of the Credit Mobilier of America. The story of the Credit Mobilier, with its irregularities involving conspicuous politicians, is one of the most disgraceful in American history.
Now it was alleged that stock of the Credit Mobilier, paying dividends of three hundred and forty per cent, had been distributed by Ames among many of his fellow-Congressmen, in order to forestall a threatened investigation.
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