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OAKES AMES (1804–1873)

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Originally appearing in Volume V01, Page 850 of the 1911 Encyclopedia Britannica.
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OAKES

AMES (1804–1873)  ,
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American manufacturer, capitalist and politician, was born in
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Easton, Massachusetts, on the loth of
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January 1804 . As a manufacturer of shovels, in association with his
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father.and his
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brother Oliver (1807–1877), he amassed a large fortune . In 186o he became a member of the executive council of Massachusetts, and from 1863 to 1873 was a republican member of the
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national House of Representatives . As a member of the committee on railroads he became interested in the project, greatly aided by the government, to build a trans-
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continental railway, connecting the eastern states with California . Others having failed, he was induced in 1865 to assume the direction of the
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work, and to him more than to any other one man the credit for the construction of the Union Pacific railway was due . The execution was effected largely through a construction
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company, the Credit Mobilier Company of
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America . In disposing of some of the stock of this company, Ames in 1867–1871 sold a number of shares to members of Congress at a price much below what these shares eventually proved to be worth . This, on becoming known, gave rise in 1872–1893 to a
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great congressional
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scandal . After an investigation by a committee of the House, which recommended the expulsion of Ames, a
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resolution was passed on the 28th of
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February 1873, " that the House absolutely condemns the
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con-duct of Oakes Ames . . . in seeking to secure congressional attention to the affairs of a corporation in which he was interested, and whose
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interest directly depended upon the legislation of Congress, by inducing members of Congress to invest in the
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stocks of said corporation." Many have since attributed this resolution to partisanship, and the influence of popular clamour, and in 1883 the legislature of Massachusetts passed a resolution vindicating Ames . He died at North Easton, Mass., on the 8th of May 1893 . His son, OLIVER AMES (1831–1895), was
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lieutenant-governor of Massachusetts from 1883 until 1887, and governor from 1887 to 189o .

See CREDIT MOBILIER OF AMERICA and the references there given . For a

defence of Oakes Ames, see Oakes Ames, A Memorial
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Volume (Cambridge, Mass., 1884) .

End of Article: OAKES AMES (1804–1873)
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