The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1873-02-07
What "Credit MObilier" Means.


A correspondent asks the meaning OF
the words Credit Mobilier." Several
Congressman have asked the same dues-
tion.) We presume he wishes to be inform
ed concerning the original derivation and
use Of the term. We will endcavor to cx-
plain it. The Credit Fonciern has long
been the general title in France for associa-
tions that advance money on landed or i'm
m0cable securities. The Credit Moblier''
was the name given to a powerful c0rpo-
ration, organized in France in 1852, for adj
vancing money on mOcaJle property. The
name was adopted evidently with the pur-
pose ofaffording ready definition Of the
object of the association. The "Societe
General de Credit Mobilier" became great
and profitable enterprise 1t had special
privileges under its charter. 1t assisted
materially in the construction Of railways
and the promotion of mining schemes
Among other enterprises in which it was
notably interested were the Government
loan on account Of the Russian war, the
Grand Central Railway Company, and the
General Omnibus Company of Faris. At
one time it advanced 250,000,000 francs,
and at another time 100000 francs to
the French Government. Its business
was so great in 1865 that it declared u div
idend of 40 per cent. on its capital. While
it was manifestly the means of doing much
good in France, it eventually failed.
The introduction of the terms Credit
Foncicr" and Credit Mobilier" into
America arc due to Mr. George Francis
Train. He established Credit Fonciern
with Omaha lands which he hawked about
ptru 10 l,o
name of" Credit Mobiier of America" to
a corporation with universal privileges,
which was organized in Pennsylvania
1t was appropriated by Messrs. Cakes
Amcs Durant & Co., to serve as the party
otthe third part in the famous "triplicate
agreement" by which the managers of the
Union Pacific Railroad let out the contract
for building the road to themselves, in pay
ment for which they modestly took the
road itself, all the United States bonds, all
the first mortgage bonds, all the United
States lands ETC., at profit Of over one
thousand per cent. on an entirely fictitious
capital. This is what "Credit Mobilier"
means, in the modern American and Con-
gressional use of the word The title is
not Inappropriate The transaction was
literally Credit on Movables-the Uni
ted States Government furnishes the credit
and money, and Messrs. Cakes Ames & Co.,
taking the movables-that is, the securi-
tics and the profits.
TIE PENALTY-WulL IT BE Melted p
The Washington Star says: The question
has been raised, what punishment will be
meted out ifany of the persons, implicated
in the Credit Mobilier proceedings, shall
have Il crime fastened upon them? The
law covering the case is IAN act to prevent
Frauds" approved February, 1868, which
DEGREES that any persons offering a bride
ofany kind to any member of Congress-, or
any member receiving the same. shall, on
conviction, be fined not more than three
times the amount offered or given, and be
imprisoned in the pcnitentiary not more
than three years; and the persons holding
office shall forfeit it, and shall be ever dis
qualified from holding any office of honor,
rust or profit under the United States.
-s-o
you feel dull respondent, orowsy deblliiaed have
frequent headaches, mouth tastes badly, poor appetite
and tongue coated you are suffering from torpid liver,
or "Dilousness." Nothing viii cure you speedily
and permanently as DR.. rierces Golden Medical Dis
covery.
"Can't do without it.'-This is what the
stage and horse companies livery stable Keepers
members Of the turf and all grooms and trainers say Of
the Mustang Linmen; They cant do without it,"
And why? Because it infillibly reduces the external
swellings &C., which, under various names, impair the
usefulness aud value of the king of quarupeds and also
because sprans strains gals aud other injuries to
which hose-fesh is liable, IT Is the most Trustworthy
preparation In the market Yet the recommendations
comprise only portion ofts claims to public confidence
During period of more than sixteen years it has been
recognized specific for many of the agonizing
disorders which aflct the human family-such as
rheumatism, govt neuralgia, lumhago tcdooreux, sore
throat, earache toothache and likewise peerless
application for cuts, bruises, burns and scals.