Profits of the Union Pacific promoters and Credit Mobilier shareholders

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 »

Profits of the Union Pacific promoters and Credit Mobilier shareholders

… Shows that the profits of the Credit Mobilier shareholders was $ 16 million at best and the risk they faced was far greater than alleged. Fogel's analysis focussed on the cash value of securities that were received by the Credit Mobilier in payment of the construction contracts and also takes into account the contractual discount on first mortgage bonds charged to the contractors …

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