New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-04-06


safe 70 yield its contents lie thought an auJourh'
10 d he FOR an order that the Receiver be
authorized TO employ an accountant TO anime inc poo
Of the Companies, which was granted a., .ook mn the
contempt proceeding against him for not opeyHK
Junction against holding an election MI that as
as he knew of he obeyed the inuneuon na we're TO
did not know where the minutes Of ,1t MAKE inquiry as
TO those minutes and report tomorrow o"'
vT"M,StTToS OF THE HON b. ALLhi DEL UNI
REFEREE; Tho A assistant Treasurer,
carcs Tnte was waived yesterdsT ee NO oS
A. Redheld, at the Company to leave for Europe on
as he the Hon John Alley director Oa Ss
Union Pacific Railway ann ana by Gen Benjamin +.
from the MISREPRESENTATION testified substantially that mo
profits had been dydeS excepting two dividends Of six
U. p Railroad aC SD"fthe Credit Mobilier was to
furnish Of the Contract 10 oaEes
H@e for which they were to receive two per cea a
aiotments OF surplus funds were made re-
hTDSSe in the Company needed them IN Isl &
3S 1HS BEEN paid as the Credit Moer failed to meet
Witness SS t If ne Contract said that
the contract was originally made with Mr. Cakes Aes
that it required very large advances and was neGes
sary to have strong parties OF very large hea ~ os
the road through and on oaEes Ames The
tract was assigned by Mr. Ames to seven tfnSteeS
Co. and it being made satisfactory to all the stoc i
holders Of said company except Brigham Young wa" ne
assigned The fulfilling Of had been carried on Dy .se
parties in interest the same as any otner ooIs aoS
but he had no particular knowledge OF the , mouss
onerandl for some time past; from his general AhoWr
EDGE of the matter he believed that 1t has been
as satisfactorily fulfilled as such contracts o h one
contract, that the Credit MoDlneer he Credit
MSnCr Assumed the contract for construction
and equipment Of the road TINS sue Oi INC
iOOfh meridan he came into the Credit Mober IN May
1851 five months previous to his connection Win tne
Union Pacific Railroad Company IN the Credit h0D Nns
year ago for which he paid s6o share 20 OF them me
obtained about two years ago. ana paa sS ao Sores
he acquired 900 at two or three dnerent times
three years ago ~ TSoSs mSs the
allotment as stakeholder in the Union Paelne kAoaa
about shares tGs %as Ban
Dillon, O. Bushnell, benjamin r. Bates henTy o.
Ssr which thew gave witness were purchased from the
Company at par they made the payments IN part out OF
the 5tOcRSoders himself and others thought that
| the trustees Of the Company owed him altogether
sG.r as had sO S Hsr SsRs four
times within S ~, %S sns nSSdSg rolling
stock equipment, and everything complete speah XII a
amount Of the n s 5ee Of Se RScEy
s@s $4,000 $4,000 " Beyond OrG the ROCKY
900 received from the Government in bonds We
ST mot %eTs susd any about up
spent that portion Of the road under inc Ane
gage the Government bonds and think about
The r. Co had not reeevee s1 sse Ssv
had kept back somewhere between 100000 and QoVO-
not Beside this, they volunteered to deposit 5000,
OOo and all the land as guarantee Tor the completion
the Government MI Ham is the auditor Of the Com
and witness not s1re ne h sad &
he is now in NewJersey and cannot be got at when
Amf' 1ectS ~ refused to give his Assent
it unless Mr.; Ames Tonld agree that -, ne
w pTCe per mile that he had taken the Of
Contract and Awes assented TO that but II required
Railroad Company Such consent has not yet been OBJ.
tanned witness for one dssentn ana tneTeore y ~
over the additional 100 miles, or Whereabouts;
three Directors to 20 out on the line Of road M Price
Government Director Mr.. Dillon and Mr. Duh), and to
ton; that Committee appointed weeks ago. but
they have not yet gone OUT with regard 70 70
tine s sS@s he owns pam Both Companies he
could tell said for he bought and sold and ala not
where the contracts with aCIe, Anes and paws are
HoKie contract he had not seen Tor year. DuS ne
books Of the Company but he did not know the Ames
Executive Committee are composed OF Oliver Ames g. s.
DIRECTOR John Duff and Charles A Lambare.
Mr. Fie4-Look at the subscription book Tor the Union
you recognize 1t the which you have previously
New-York that know OF.
Mr.. Feld-And in whose handwriting are the words
amount heretofore called by resolution OF the Board
which statement is dated Oct. 8, 1854
Witness-I don't know.
for himself and Others In Massachusetts,. one hundred
riSSq fS... y all that in your handwrtingi
In reply to this and other questions witness remarked
ssust there being then present the Treasurer John
Cisco, John /. Blair, Sidney Dillon, Benjamin +, Ham,
Iect He needed authority TO write the statement
alluded TO representing as he did himself and others who
when he made that subscription 70 subscribe for others
but the sum was so small-ony ten mions-llaughterl
The witness then enumerated several names Of sub.
reply query TO the payments made by certain
parties whose names appeared on the black
quite number Of names entered in that
there is an account against Young Which appears
to be paid In full and there are S00O0O besides which
the ledger there Mr. futile was Secretary them my in,
was that tho money hsd 9een paid 100 esns
AMOUNT an Ss tO Of the STOCK e Of the g. p
Co. subscribed for amounted only to ts,Sg7ooO;
92OO shares then In reply to the question: Did the
Credit Mobier ever pay one dollar OF that stock wit
stock the Credit hobilier the money for which
paid for in money he believed every dollar was paid he
Union Pacific Railroad Company 70 the Credit Moblier
had any dealings in the lands which the Company claims
from the Government; two OF the directors have
interests In town lots out there but witness had
He continued: :" Mr.. Duff had think, few lots Gen.
Dodge the Chief Engineer told that he sold few lots
OH account Of the Company to Mr. MeComb; OF the
directors that am aware have interest In contracts for
coal for other supplies for the Company; inquired
Of Mr. Dnrant and the clerks, and the Assistant Treas
ureF. for the minute books; Mr.. Durant Informed me
that the minutes Of the Stockholders and the Directors
are in the same book. and he understood and believed
that Mr. Dexter the Secretary OF the Sockh0ders meet
ing who is also director, took IL away with him don't
| know who the trustees Of Oliver Ames"
| The examination then adjourned until p. m. to-day