Boardroom battles in the Union Pacific and Credit Mobilier companies

A Classification of American Wealth
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Part 1 : Colonial and Mercantile America	Part 2 : America in the Gilded Age
Part 3 : America in the Twentieth Century	Encyclopedia of American Wealth
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Part II-Chapter 8 : Railroad Barons > Union Pacific : « Previous 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 Next »

Boardroom battles in the Union Pacific and Credit Mobilier companies

… More Credit Mobilier stock than Thomas Durant and his friends. At the same time, Oliver Ames had replaced John Adams Dix as president of the Union Pacific Railroad and Sidney Dillon, another Ames supporter had become a director. A conflict arose around the second construction contract which Durant wanted to grant to L.B.Boomer, whereas the Ames faction favored an extension of the Hoxie contract. At the annual stockholders meeting on the Union Pacific in October 1867 …

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