I found that a bill had been passed in Pennsylvania in '59, for Duff Green, granting authority for the organization of the "Pennsylvania Fiscal Agency," which, on examination, I saw could be used for my purpose. I bought this charter for $25,000. The bill had been "engineered" through the Pennsylvania legislature by a man named Hall, and others of the Philadelphia Custom-House. In order to make it suitable for our uses, I wanted its title changed, and asked to have the legislature change the title to "Crédit Mobilier of America." The matter went through without trouble, and I paid $500 for having this done. When I happened to mention to William H. Harding, of the Philadelphia Inquirer, that it had cost me $500 to have the title of the charter altered, he told me he could have had it done for $50. I did not know as much of the ways of legislation in Pennsylvania then as I did later. The sum I paid for the charter was made up from $5,000 cash and $20,000 of the bonds of the Crédit Mobilier. I was to have $50,000 for organizing the company. I think it worth while to call attention here to the fact that this was the first so-called "Trust" organized in this country. Having failed to raise the money elsewhere, I went to Boston, and there succeeded in launching the enterprise. My own subscription of $150,000 was the pint of water that started the great wheel of the machinery. I give here--for it is a matter of historic interest, since the building of this road marked the opening of a new era in the United States--the list of the subscribers who were my copartners in the undertaking: Lombard and friends $100,000 Oakes and Oliver Ames 200,000 Sidney Dillon $100,000 Cyrus H. McCormick 100,000 Ben Holliday 100,000 John Duff 100,000 400,000 ------- Glidden & Williams 50,000 Joseph Nickerson 100,000 Fred Nickerson 50,000 Baker & Morrill 50,000 Samuel Hooper and Dexter 50,000 Price Crowell 25,000 Bardwell and Otis Norcross 75,000 400,000 ------ Williams & Guion 50,000 William H. Macy 25,000 H. S. McComb, Wilmington, Del. 75,000 George Francis Train, through Colonel George T. M. Davis, trustee for my wife and children 150,000 300,000 ------- ---------- $1,400,000