White House gossip : $b from Andrew Johnson to Calvin CoolidgeColman, Edna M. (Edna Mary)
History
White House gossip : $b from Andrew Johnson to Calvin Coolidge
Colman, Edna M. (Edna Mary)
Presidents -- United States -- Biography; Washington (D.C.) -- Social life and customs; White House (Washington, D.C.)
“Oakes Ames, the Massachusetts mechanic, who had made a fortune in
the manufacture of shovels, had embarked in the construction of the
Pacific railroad. Finding legislation necessary, and knowing how
difficult it was to secure the attention of Congressmen to schemes
that did not benefit them or their constituents, he distributed the
shares of this Crédit Mobilier, as he expressed it, where it would do
the most good.’”
Ames being a member of Congress and a manager of the scheme was
peculiarly appreciative of the value of Congressional assistance
in behalf of the Crédit Mobilier. It looked as though its purpose
was to drain money from the Central Pacific railroad and from the
government as long as possible. Any legislation on the part of Congress
designed to protect the interest of the government would naturally
be unfavourable to the Crédit Mobilier, and it was the aim of the
corporation to prevent any such legislation. The price agreed upon for
building the road was so exorbitant and afforded such wicked profit to
the Crédit Mobilier that it was almost certain some honest friend of
the people would demand that Congress should protect the Treasury from
such robbery. Accordingly, it was determined to interest in the scheme
enough members of Congress to prevent any protection of the National
Treasury at the expense of the unlawful gains of the Crédit Mobilier.
Oakes Ames, being in Congress, undertook to secure the desired hold
upon his associates. The plan was to secure them by bribing them, and
for this purpose a certain portion of the Crédit Mobilier stock was
placed in the hands of Mr. Ames, as trustee, to be used by him as he
thought best for the best interests of the company. Mr. Ames went to
Washington, December, 1867, for the opening of the session of Congress.
Within a month, he entered into contracts with a considerable number
of members of Congress of both Houses to let them have shares of stock
in the Crédit Mobilier Company at par, with interest thereon from the
first day of the previous July.
Public-domain text, read in full here on John Shaqi.
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