Oakes Ames Quotes

It was the same thing as going into a business community and interesting the leading business men by giving them shares.

He was referring to his practice of distributing shares of stock to other congressmen on behalf of Credit Mobilier and Union Pacific. Ames was censured by the Congress in 1872, for "seeking to procure congressional attention to the affairs of a corporation in which he was interested.” The cartoon to the left is from the period showing all the congressmen getting their piece of the Mobilier Credit cake.
Oakes Ames
Oakes Ames
  • Born: January 10, 1804
  • Died: May 8, 1873
  • Nationality:
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Oakes Ames was an American manufacturer, capitalist, and member of the United States House of Representatives from Massachusetts. As a congressman, he is credited by many historians as being the single most important influence in the building of the Union Pacific portion of the transcontinental railroad. He is also noted for the subsequent scandal that alleged the improper sale of stock of the railroad's construction company.

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