Credit mobilier


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Cre`dit´ mo`bi`lier´


1.A joint stock company, formed for general banking business, or for the construction of public works, by means of loans on personal estate, after the manner of the crédit foncier on real estate. In practice, however, this distinction has not been strictly observed.
Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
References in classic literature ?
At Paris, The Credit Mobilier. At Stockholm, Tottie and Arfuredson.
The two administrations of the victor of Appomattox and suppressor of the Ku Klux Klan have quite a donkey's tail of scandals pinned to them--Jay Gould, the Whiskey Ring, Credit Mobilier, the Belknap bribery.
I delivered my shots 1-handed just as somebody clutching a bank bag or a fist full of Credit Mobilier stock certificates might have done.
Though renowned for his "merciless" political caricatures against corruption, he could not fault his friend and Republican hero, President Grant, for scandals such as the Credit Mobilier, and did not publish any caricatures of President Rutherford B.
Most of those picks and shovels were made by the Ames brothers, who were in addition making money from the Credit Mobilier, a construction company organized by the directors of the Union Pacific.
The newly installed management organized a construction company owned by themselves, gave it a fancy French name, Credit Mobilier, and hired themselves to build the railroad-and guess what?
The ample wall space also facilitated the creation of galleries depicting topics such as engineering the transcontinental railroad, erecting the built environment of railroad expansion and financing the iron horse as well as the Credit Mobilier scandal and the Panic of 1873.
Some rapacious entrepreneurs, in cahoots with influential senators and congressmen, set up an agency called the Credit Mobilier, which named a senator, Oakes Ames, as president.
And among them were the Rothschild family who established French branches of the family bank after the defeat of Napoleon and the Pereire brothers who founded the Credit Mobilier. Samuels discusses the development of railroads thanks to funding from these families, as well as changes in urban culture, not the least aspect of which was the establishment of high-circulation newspapers, the importance of which any reader of Balzac recognizes.
The authors argue that opposition within Congress to the Salary Grab was part of a larger reform movement in the early 1870s, which also targeted other areas of government excess and corruption, like congressional franking, spoils-based civil service appointments, and the Credit Mobilier scandal.
As the nation began to industrialize heavily, stockholders in the Union Pacific Railroad formed a venture called Credit Mobilier of America, gave it contracts to build the railroad, and then sold or gave influential congressmen Credit Mobilier shares.
Clair expedition (1792), James Wilkinson and intrigues with Spain (1810), the burning of Washington (1814), Andrew Jackson's invasion of Florida (1818-19), the Rip Rap imbroglio (1826-27), the Second Bank of the United States (1832), Sam Houston and the Indian rations contract (1832), the assault on Charles Sumner (1856), the Harper's Ferry incident (1859-60), the Buchanan administration (1860), the conduct of war activities (1861-65), reconstruction (1865-66), the impeachment of Andrew Johnson (1867), postbellum violence in the southern states (1871-72), and the Credit Mobilier scandal (1873).
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