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Oakes Ames – 1804–1873

oakes-amesAt 16, Ames took over his family’s modest shovel-manufacturing business and transformed it into a multimillion-dollar business triumph, for which he became nationally known as the “Ace of Spades.” Anxious to complete the floundering transcontinental railroad, Abraham Lincoln asked Ames to oversee financing the massive project. The result was the founding of Crédit Mobilier, whose investors essentially paid themselves to build the railroad at inflated prices. The Union Pacific-Central Pacific got built, but the Crédit Mobilier scandal destroyed Ames’ reputation.

Posted on June 15, 2016 by Natalie. This entry was posted in Uncategorized. Bookmark the permalink.
John Peter Altgeld – 1847–1902
Albert Anastasia – 1902–1957

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