THE GREAT CREDIT MOBILIER. 4.77 



chased for less than $300 or $400 ? How nicely the film 

 of decency, in charging these incorruptible Congressmen 

 several months interest, was laid over; this interest having 

 accrued while these shares were being held by Oakes Ames, 

 to see where he could &quot; put them to do the most good/ in 

 his own language ; or, in plain words, to see whom he could 

 buy the most cheaply. 



It will be seen that an original share of Union Pacific 

 stock, upon which was paid $5.00, became $100 Credit 

 Mobilier, paying dividends to the Legislators with whom it 

 was placed to do good amounting to three or four times its 

 nominal value. And yet these honorables stalk majestically 

 abroad, as though they had never been smirched with the 

 filth of this swindling transaction ! 



Hon&quot;. D. C. Cloud, in his &quot; Monopolies and the People,&quot; in 

 speaking of the Central Pacific Railroad, from Ogden to 

 Sacramento, says : &quot; Taking the character of the route as 

 given, with the facilities for building the road, and it is not 

 probable that the actual cost of construction averaged more 

 than $30,000 per mile, or $57,000,000 for the whole line. 

 Taking the highest rate, as given, viz., $50,000, and apply 

 ing it to the whole road, the entire cost would be $94,- 

 000,000. 



&quot; To aid in the construction of this road the government 

 issued subsidy bonds at the rate of $48,000 per mile for 

 three hundred miles $ $32,000 per mile for nine hundred 

 and four miles, and $16,000 for the balance of the main 

 road and branches. The funded debt of the companies 

 owning and operating the road (not including the debts of 

 the branches), after deducting the amount of bonds they re 

 ceived from the government, to- wit : $65,000,000, is, as is 

 shown by their own report, $93,000,000. How much their 

 floating debt amounts to we can not tell. The stock on this 



