Thomas C. Durant

Common card · No. 208523

Thomas Clark Durant (February 6, 1820 – October 5, 1885) was an American medical doctor, businessman, and financier who played a central role in the formation of the Union Pacific Railroad. He was vice-president of the Union Pacific in 1869 when it met with the Central Pacific Railroad at Promontory Summit, Utah Territory. He created the financial structure that led to the Crédit Mobilier scandal. He was interested in hotels in the Adirondacks and once owned the schooner-yacht Idler, a successful America’s Cup defender. He successfully built railroads in the Midwest. After an 1862 act of Congress created the UP, John A. Dix was elected president and Durant vice president of the company. Durant assumed the burden of management and money raising—and, with much money at his disposal, he helped secure the 1864 passage of a bill that increased the railroad's land grants and privileges. He organized, and at first controlled, the Crédit Mobilier of America, but in 1867 he lost control of the company...

Read on Wikipedia · Image Mathew Benjamin Brady, Public domain