Crédit Mobilier

American  

[kred-it moh-beel-yer, moh-beel-yey, krey-dee maw-bee-lyey] / ˈkrɛd ɪt moʊˈbil yər, moʊ bilˈyeɪ, kreɪ di mɔ biˈlyeɪ /

noun

U.S. History.

1. a joint-stock company organized in 1863 and reorganized in 1867 to build the Union Pacific Railroad. It was involved in a scandal in 1872 in which high government officials were accused of accepting bribes.

---

Example Sentences

And on top of everything, he was implicated in September in a notorious influence-peddling scandal involving Crédit Mobilier of America, the profitable construction company formed to build the Union Pacific Railroad.

From Washington Post • Sep. 12, 2022

“Instead of being enriched” by Crédit Mobilier, Colfax said, “I am voluntarily out of pocket five hundred dollars, and have been for nearly five years.”

From Washington Post • Sep. 12, 2022

The most conspicuous scandal of the Grant era concerned the Crédit Mobilier, a railroad construction firm owned by the officers of the Union Pacific Railroad.

From Textbooks • Jan. 18, 2018

However, Crédit Mobilier used the funds it received to buy Union Pacific Railroad bonds and resell them at a huge profit.

From Textbooks • Dec. 30, 2014

About this time the great Crédit Mobilier was established as a joint-stock company by Isaac and Emile Pereire.

From A History of the Nineteenth Century, Year by Year Volume Two (of Three) by Emerson, Edwin