Crédit Mobilier

American  

[kred-it moh-beel-yer, moh-beel-yey, krey-dee maw-bee-lyey] / ˈkrɛd ɪt moʊˈbil jər, moʊ bilˈjeɪ, kreɪ di mɔ biˈljeɪ /

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.

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Example Sentences

See Examples For:

Crédit Mobilier

“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

Ames had, in fact, approached him about buying Crédit Mobilier shares, and he told his Massachusetts colleague that the stock “looked like a good and safe investment for one of limited means.”

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

The Union Pacific Railroad company, created by the federal government during the Civil War to construct a transcontinental railroad, paid Crédit Mobilier to build the railroad.

From Textbooks ● Dec. 30, 2014

His indiscretions had imperiled his reputation at the time of the Crédit Mobilier scandal.

From The New Nation by William E. Dodd