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It mattered not whether or not the railroad actually made cash, or was even completed; those concerned with Crédit Mobilier would reap big profits. As Mr. Ambrose's book particulars the scheme worked by having UP award contracts to paper corporations/individuals who then assigned them to Crédit Mobilier; primarily, all monies (largely federal loans) flowed through this firm. It was the idea of George Francis Prepare who, with Durant's blessing and help, purchased a small Pennsylvania company, the Pennsylvania Fiscal Company, for $50,000 in March of 1864. The UP (formally organized in May of 1863) was the one one truly created beneath the 1862 act; whereas Dodge fought for the Omaha routing, and later became a outstanding determine in its building, he was initially lured away to do his part within the Civil War. 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