Omaha daily bee., 1883-12-01
Founding the Credit Mobilier and
Constructing Pacific Rail-
way!
Collapsing Two Hundred Millions
Gold o-Bull" With
Fogy China!
Holocaust Of Wealth The Union
Saved by Constructing the
Union Pacific Railroad,
Interesting Chapter of Inside History
George Francis Train Inter-
viewed by Our Special Cor
respondent.

Last Sunday afternoon the special
correspondent of The BEE called upon
George Francis Train at the Ashland
house, Madison square, and handed him
the following telegram:
OMAHA, Nebr., November %.
To +. A. Richardson,
Rooms of the Omaha BEE,
No. 65 Tribune Building, New York.
Call on George Francis Train, Ashland
house and get ten columns if possible, his re-
collections of fact, location Pacific terminus at
Omaha, incidental with breaking ground
twenty years ago, December I'd, Also brief
outline, organization and work Credit Mobi-
lier, and Credet Foncier. Want matter next
Friday sure. Telegraph whether we can
rely on it.
(Signed). +. RosEwATER.
G. +. Tt would cover ten entire
pages of The BEEF He telegraphs you for
but ten columns.
Reporter.-Never mind quantity Citizen
Train, when quality is at premium. l
understand Mr.. Rosewater's enterprise.
He wants to take the edge of all other
papers on the anniversary of the opening
two decades ago. SO l will take down
as much as you are willing to pencil and
any ready made facts you may possess!
Were you not the originator of the
U Mon Pacific2
ORGANIZATION AT g.. f. It's HOUSE.
G. F. T.-Yes, the whole programme
was made over my table at 156 Madison
avenue! October 1868 Dix was elected
president! Cisco, treasurer with 30 di-
rectors! These thirty formed an excu-
tive committee of seven! These seven
appointed q contracting committee of
three! dix, Bushnell and Durant.
This trinity made a contract with one
[Hoxie! From October 30, '63 to May
20, 1869, Durant was vice-president
land everything else! Hoxie's PROPOSE
ton to build the first one hundred miles
was accepted by the executive committee
September %, 1864! Ten days after
LAT miles were added! Hoxie assigned
the contract to a syndicate of Durant,
McComb, Bushnell, Lombard and Gray!
Ian U. P. directors except Grayl. The
contract was divided into sixteen hun
dred one thousand dollar shares, or parts
of shares, $1,000, 900; Durant taking
5000, 900! McComb $1OO, 900. Balance
among my friends. [Ameses, Lombard,
Griswold, Gray, Macy, Mccormick,
Holiday, Nickerson, Buffers, Baker,
Mcneil, Williams, Glidden, Bardwell,
Steadman. Dexter, Hazard. These last
came in later. To get $4,000 taken I
hawked the contract through Moses
Taylor, Garrison, the Careys,, Weston
and Gray, Vanderbilt, w. P. Furniss.
Simon Cameron, Upton, Forbes, Thayer,
Jay Cooke. A. A. Lowe, Durham and
Diamond, Grinnell and Minturn, Charles
A. Marshal, Addison Jerome, Duncan
Clews, Eber Francis, Boardman, Apple.
ton, Tom Harper and the leading mil.
lionaires of st. Louis, Chicago, New
York, Boston, Philadelphia and Pitts
burg.
THE CREDIT MoBILIER.
Reporter-As you organized Credit
Mobilier! planted Terminus at Omaha.
excursioned several congresses to the
Rocky Mountains, how happens it, Mr..
Train, that you never gave public true
inwardness of this celebrated enter
prise2
G. +. T.-3ecause it did not interest
me! When Citizen Dana bombarded
Credit Mobilier statesmen, he placed a
page of the Sun at my disposal, if | would
tell the story! But | was too much IN
t~erested in watching his Tilden conspir.
acy on Greedy to sell out his Democrats to
Grant (when @. A d. was being used
as st~ool-pigeon by sold Cyphergram," as
he is now to comply with his request
Besides, he wanted fraud, and there was
none!
MoBILIER STOCK.
Reporter-Was there really any Fraud,
Mr.. Train, in this Union Pacific Credit
, Mobilier AFFAIR."
G. F. T.-Fraud2 No! There never
was so honest a transaction AS | made
/ nearly every brick in the building, ]
, ought to knowif they were made of straw
The fact is the shrewdest capitalists haG
> faith in the speculation! Ask Macy
Guion2 Ben Halliday Mccormick anc
t the American capitalists if it was not my
psychology that magnetized those who
: invested their stamps2 Moses Taylor
the twenty l..llnonaire had no conf
dence! Ask Stokes and Thorn! if l die
not offer him presidency day be
fore election, if he would take $780,.
O00l Ask A. A. Lowe if he too did no
D refuse my offerl Ask Stokes phelps
5 Dodge 81 Co. if he did not decline $50,
t 900 of this wonderful bonanza2 and Chit
: tenden and Jay Cooked Ask any of tn,
long list of names who declined affair
5 as ''crazy speculation to attempt, with
so small subsidy, such mammoth enter
. prise2 Nobody had faith! (Such mer
! chants and bankers preserve letters
, Let them publish mine in 1S64D
worked on Durant six months before
: hooked him, and, but for his terrible en-,
+ ergy and prodigal expenditure of money
. road would not have been built to Thu
day! 1t was the browning act Of the
greenback age! 1t was built of Ameri'
can iron; a noble tribute to American
industry! 1t employed American labol