Crédit Mobilier

[ kred-it moh-beel-yer, moh-beel-yey; French krey-dee maw-bee-lyey ]

Phonetic (Standard)IPA

noun

, U.S. History.

a joint-stock company organized in 1863 and reorganized in 1867 to build the Union Pacific Railroad. It was involved in a scandal in 1872 in which high government officials were accused of accepting bribes.

An' what do yez say to the whisky frauds, an' black Friday, an' credit mobilier?

All of the contracting parties were directors in the railroad company, and in the Credit Mobilier.

With the consent of the executive committee of the company, Hoxie assigned his contract to the Credit Mobilier.

This conclusion is strengthened on seeing that some of them became owners of stock in the Credit Mobilier.

Without the Credit Mobilier, it would have faltered on the threshold of success.

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