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Technically Adaptive
posted
++"not secure"++ shows up on my Safari Browser, seems ok though, if there is a reason not to view it, please let me know.
Go to Table of Contents to see what interests you.
Articles are well written, tons of photos.
Part of article on Railroad funding:
In the 1860's the attention of Oakes Ames, a congressman from Massachusetts, and his brother was drawn to the Union Pacific and the generous subsidies it was receiving from Congress. The two, having made a fortune in the management of their father's shovel works which boasted of an average yearly production of over 1,400,000 shovels a year, acquired control over the Union Pacific.
As a part of their scheme to take advantage of the government subsidies, they also acquired control of a Pennsylvania corporation which they renamed Credit Mobilier. The Union Pacific then contracted with Credit Mobilier to construct 667 miles of the railroad. The actual cost to Credit Mobilier was $44,000,000. The contract, using government subsidized funding, was for more than $94,000,000. In order to preclude Congressional investigation, a large block of Credit Mobilier stock held by Congressman Ames as trustee was ostensibly "sold" to influential congressmen for one-third of its actual value. However, the "sale" did not require actual money. The sales price was paid from the dividends resulting from the profits on the railroad construction. Ultimately, the scandal was revealed by the New York Sun. Although no one was indicted, Congressman Ames was censured by Congress and died several months later, his reputation ruined. The Union Pacific was left heavily in debt.

This article: http://www.wyomingtalesandtrails.com/sherman3.html
 
Posts: 1574 | Location: Willcox, AZ | Registered: September 24, 2006Reply With QuoteReport This Post
Wild in Wyoming
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Have been reading that website for years.
Very neat stuff.
I have seen the Ames Monument.

PC
 
Posts: 1412 | Location: NW Wyoming | Registered: November 23, 2014Reply With QuoteReport This Post
Member
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Do I understand correctly?

Is everything on PDF ?

And must be downloaded to read ?





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Posts: 55665 | Location: Henry County , Il | Registered: February 10, 2004Reply With QuoteReport This Post
Technically Adaptive
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Not here, loads like a normal page, using Safari here, What browser are you using?.

Found this on home page : “About this site.” Please Note: This Website was designed for Microsoft Exployer. Generally most browsers work satisfactorial, but Google Chrome and Foxfire will not display or play all features. Foxfire will not display all pages correctly. We are working to correct the problem.
Home page here:
http://www.wyomingtalesandtrails.com/index.html
 
Posts: 1574 | Location: Willcox, AZ | Registered: September 24, 2006Reply With QuoteReport This Post
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