[109] Garfield thought the scandal was enabled by the greenbacks that financed the speculation.[110] Garfield was not at all enthused about President Grant's reelection in 1872—until Greeley, who emerged as the candidate of the Democrats and Liberal Republicans, became the only serious alternative. Garfield said, "I would say Grant was not fit to be nominated and Greeley is not fit to be elected."[111] Both Grant and Garfield were overwhelmingly reelected.[111]

Crédit Mobilier scandal; salary grab[edit]
The Crédit Mobilier of America scandal involved corruption in the financing of the Union Pacific Railroad, part of the transcontinental railroad which was completed in 1869. Union Pacific officers and directors secretly purchased control of the Crédit Mobilier of America company, then contracted with it to undertake construction of the railroad. The railroad paid the company's grossly inflated invoices with federal funds appropriated to subsidize the project, and the company was allowed to purchase Union Pacific securities at par value, well below the market rate. Crédit Mobilier showed large profits and stock gains, and distributed substantial dividends. The high expenses meant Congress was called upon to appropriate more funds. 