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Tuesday, May 12, 2020 | History

3 edition of Union Pacific Railroad and credit mobilier. found in the catalog.

Union Pacific Railroad and credit mobilier.

United States. Congress. House. Select Committee to Investigate the Credit Mobilier, No. 2

Union Pacific Railroad and credit mobilier.

by United States. Congress. House. Select Committee to Investigate the Credit Mobilier, No. 2

  • 79 Want to read
  • 32 Currently reading

Published by [s.n.] in Washington .
Written in English

    Subjects:
  • Governmental investigations -- United States,
  • Construction industry,
  • Railroads

  • Edition Notes

    Other titlesInvestigation of Union Pacific Railroad and Credit Mobilier; contract with Oakes Ames
    SeriesH.rp.95
    The Physical Object
    FormatElectronic resource
    Pagination4 p.
    ID Numbers
    Open LibraryOL15945732M

    Union Pacific Railroad; Union Pacific Historical Society; Photographs of the Construction of the Union Pacific Railroad, –69 at the Beinecke Rare Book and Manuscript Library at Yale University; Trains News Wire ( ), UPS to buy Overnite trucking company [permanent dead link]. Retrieved – details UPS/Overnite d The Credit Mobilier of America; its origin and history, its work of constructing the Union Pacific Railroad and the relation of members of Congress therewith by Jay Boyd Crawford (Book) The overland route to the Pacific.

    The Crédit Mobilier was positioned as a supposedly independent, and thus impartial, company that Union Pacific could hire for construction and contract management of the railroad. Instead, UP directors funneled projects through Crédit Mobilier — of which they were also investors — paying the transparent holding company inflated prices and. January President Abraham Lincoln asks Massachusetts senator Oakes Ames to help manage the Union Pacific Railroad. Ames soon invests in Crédit Mobilier and promotes its interests in.

    The Credit Mobilier scandal involved the Credit Mobilier Company and the Union Pacific Railroad. Both were chartered in In , Congressman Oakes Ames distributed shares of Credit Mobilier. The Union Pacific Railroad (reporting marks UP, UPP, UPY), legally Union Pacific Railroad Company and simply Union Pacific, is a freight-hauling railroad that operates 8, locomotives o miles (51, km) routes in 23 U.S. states west of Chicago and New Union Pacific Railroad system is the second largest in the United States after BNSF and is one of the world's largest Locale: United States from Chicago, Illinois, and .


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Union Pacific Railroad and credit mobilier by United States. Congress. House. Select Committee to Investigate the Credit Mobilier, No. 2 Download PDF EPUB FB2

The Credit Mobilier of America: Its Origin and History, Its Work of Constructing the Union Pacific Railroad and the Relation of Members of Congress [Crawford, Jay Boyd] on *FREE* shipping on qualifying offers. The Credit Mobilier of America: Its Origin and History, Its Work of Constructing the Union Pacific Railroad and the Relation of Members of Congress.

The credit mobilier of America: Its origin and history, its work of constructing the Union Pacific railroad and relation of members of Congress therewith [Jay Boyd Crawford] on *FREE* shipping on qualifying offers.

Full Title:James Fisk, Jr., Against The Union Pacific Railroad Company, The Credit Mobilier of America, Oliver Ames, Thomas C. Durant, John J. Cisco, H.S. McComb, sidney Dillon, Cornelius S.

Bushnell, Benjamin E. Bates, John Duff, Josiah Bardwell, John B. Alley, Ebe Description: The Making of the Modern Law: Trials, collection provides descriptions of the major trials from over Format: Paperback.

This purports to be the definitive history of the first three decades of a major western railroad, Union Pacific, which in its time was also one of the nation's biggest business enterprises. Using the company's archives and other original records enables Klein to tell the story from the inside/5(9).

Online shopping from a great selection at Books Store. History of the Union Pacific Railroad: Issued by the Union Pacific Railroad on the Occasion of the Celebration at Ogden, Utah, May 10th,in of the Driving of the Golden Spike. Note: 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. "On Jthe stockholders of the Crédit Mobilier received 60 per cent.

in cash, and 40 per cent. in stock of the Union Pacific Railroad; on the 2nd of July,80 per cent. first mortgage bonds of the Union Pacific Railroad, and per cent. stock; July 3,75 per cent. stock, and 75 per cent.

first mortgage bonds; September. Thomas Durant hired himself to construct the railroad, paying Crédit Mobilier with money given to the Union Pacific by government bonds and risk-taking : American Experience.

Union Pacific and its West Coast port partners are keeping the supply chain moving for medical supplies and other essential goods coming into the U.S. from Asia. The ports of Los Angeles and Long Beach make up the San Pedro Bay complex, handling 25 percent of all U.S. exports and nearly 40 percent of containerized imports.

Thomas Clark Durant (February 6, – October 5, ) was an American physician, businessman, and was vice-president of the Union Pacific Railroad (UP) in when it met with the Central Pacific railroad at Promontory Summit in Utah Territory. He created the financial structure which led to the Crédit Mobilier scandal.

He was successful in building railroads in the Children: William West Durant, Héloïse Durant Rose. The Credit Mobilier Scandal Recounted, From Edward Winslow Martin [pseudonym].

and to take stock in the Union Pacific Company and also in the Credit Mobilier Company On the 16th day of August,a contract was executed between the Union Pacific Railroad and Oakes Ames, by which Mr.

Ames contracted to build miles of the. Union Pacific Railroad. built C&NW Cajon Pass California Canyon cars Cheyenne Chicago & North City of San classification yard construction Council Bluffs Credit Mobilier cylinder decade diesel diesel speed steam locomotives streamlined switchers tion tives track tractive effort traffic transcontinental trucks turbine Union Pacific Union Reviews: 1.

Report of the Select Committee of the House of Representatives, Appointed Under the Resolution of January 6, To Make Inquiry in Relation to the Affairs of the Union Pacific Railroad Company, the Credit Mobilier of America, and Other Matters Specified in Said Resolution and in Other Resolutions Referred to Said Committee.

The Crédit Mobilier scandal of damaged the careers of several Gilded Age politicians. Major stockholders in the Union Pacific Railroad formed a company, the Crédit Mobilier. Credit Mobilier Scandal, in U.S.

history, illegal manipulation of contracts by a construction and finance company associated with the building of the Union Pacific Railroad (–69); the incident established Credit Mobilier of America as a symbol of post-Civil War corruption. On this date, the New York Sun exposed the Crédit Mobilier scandal.

Crédit Mobilier was a sham construction company chartered to build the Union Pacific Railroad by financing it with unmarketable bonds.

It also provided a mechanism to dispense the immense profits from building the railroad to the board of directors and its shareholders. A few years earlier, one of the chief.

Background to Credit Mobilier. During the Civil War, Congress had created the Union Pacific (UP) Railroad, and this company was granted massive amounts of land and taxpayer money to build a transcontinental railroad. UP executives created their own construction company, the Credit Mobilier of America, to build the railroad : History Bot.

Thomas Clark Durant was an American financier and railroad promoter with an insatiable appetite for business. His primary venture was serving as vice-president of the Union Pacific — controlling the company from the initial government contract awarded by President Lincoln inuntil his railroad met the Central Pacific at Promontory.

Jeremiah M. Wilson, chairman. Running title: Credit Mobilier and Union Pacific Railroad. Also available in digital form. Contributor: United States. Congress. House. Select Committee on Credit Mobilier and Union Pacific Railroad - Wilson, Jeremiah M.

(Jeremiah Morrow) Date: Maury Klein's "Union Pacific Volume I - " does a good job of describing the maneuvers of Durant and his pals during the construction of the transcontinental railroad.

I haven't had a chance yet to compare his work with that of Stephen Ambrose. The Union Pacific Railroad is renowned as America’s first transcontinental railroad and is one of the strongest companies in the railroad industry today.

The laying of the golden spike in Promontory, Utah, in marked not only the opening of the continent to settlement but also the transformation of the United States from an agricultural nation to an industrial Klein. THE UNION PACIFIC RAILROAD; The Company's Safe Broken Open by the Receive--Books of the Company and of the Credit Mobilier Found--Proceedings before the Referee.

Buy a cheap copy of Union Pacific: Volume I, book by Maury Klein. The Union Pacific Railroad is renowned as America’s first transcontinental railroad and is one of the strongest companies in the railroad industry today. The laying Free shipping over $/5(3).