The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-10-16
STATE SUITS.
PENNSYLVANIA and the Credit Mobilller-A Sc
rics OF lIitigations.


From the PittsbuTg (Pd) Gazette, Oct. is.
Some years ago, the Pennsylvania Legislature
Company styled the "Credt Mobilier' The
scheme of this corporation was. very closely
same name and, like its foreign prototype, con-
templated financial operations upoa q scale OF
magnitude not before known to the business world
The proposed direction of these operations was in
the advance OF large credits to banking, railway, and
other enterprises, IN which much capital would 6e
required the consideration for the advances usually
including, among others, speculative interest in
the profits OF the special enterprise to which imam
The Credit Mobilier 0f Pennsylvania has, it is
supposed, proved highly profitable to its managers
and shareholders The most familiar, as well as the
most remunerative, OF its undertakings has been,
according to the common belief, in connection with
the Union Pacific Railway. Indeed it is the received
public impression, and probably correct one, that
the leading interests in both corporations are
Identical and that the vast profits OF the railway
enterprise have been absorbed by its managers
undeT the cloak OF the other financial concern.
The Credit Mobilier is Pennsylvania corporation,
and has its principal office at Philadelphia It's char
ter first obtained by Dun Green. II was after
wards supplemented, and the company passed under
the control of DR.. Durant and other New York ope-
rators. The concern is and has always been taxable
in tins Commonwealth For years 1t mas paid its
taxes. 10 the annual profit OF the Treasury but for
several years past il has been delinquent.
Investigations by our financial officers show that
very large sum is due in this way to the State-a
sum so large that the Credit Mobilier has agreed
upon basis OF settlement, i'll case legal liability of
any sort really exists. Upon this basis the Common
wealth claims the payment of $780, 900 rom the COM
pany ard the company admits thai this sum is due
If anything be due at all.
Suits have been instituted by the State in the
Dauphin Common Pleas for the collection Of this
large sum. The company contests the claims, but
has entered good bail TO abide the result OF the C
cation.
But a stockholder in the Credit Mobllier, who is
also concerned in the Union Pacific Railway, has
brought suit in Court In this commonwealth
against the former concern for, as he alleges,
unfair distribution of the profits OF their Connec
ton. Attorney General Brewster appears az one Of
| his counsel, and a large sum is demanded OF the
| Creeit Mober by way of compromise. So far he
| acts in the proper line of his professional duty.
We wish that this were all of the story, But we
regret say that it is not AS counsel for this pr-
vaUe client, the AttOrney-General has taken out, IL
is said, in his oicial capacity writ Of quo garTaO
20 test the legality Of the charter OF the Credit Mo-
ber as a State institution II the charter be an
nuled under that writ, the Commonwealth loses, at
blow, its claim for the half million of delinquent
taxes, for no taxes be assessed upon a corpora
ton which shall be found to have legal existence
| here.
| TWhile making no imputatiOns upon the personal
integrity of Mr.. Brewster the Gngetts insists that if
the facts correctly stated, he should he al once
removed by Governor Gcary from his stliCe as At
| tOrney -General.1