The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-01-07
CrRROg IN FIGURES.

(rgRoR IN FIGURES.
I, the cross-examiaation- Mr.. heperls
-. Mr. Daniel, Thursday night, the TACT
was shown that. while the Pennsylvania
Central railroad $3.50 miles long had reVe-
me Of 81. .Oe0. 900, the 5000 miles oi other
,,sds nrdrr it's control had revenue OF
only L 0o0. 600, showing that that great
CORPORATION sapped all the smaller ones tor
its own ag1andizement. 1t was also SHOWN
that. While the Pennsylvania Central, iast
,aor increased its indebtedness 81 ,0oO,0oo
hv the issuc of stocks and bonds, its reve-
nno WAS oply Increased SlS0,00O. The fls-
urcs in the report Of yesterday were erro-
ncou,.
Last evening the House Committee on
Roads again assembled TO continue the
Alexandria and Fredericksburg railroad
investigation.
ryANjSATlOS OF MONTGOMERY SLAUGHTER,
Ex-pIEEcToR OF THE ALEXANDRIA AND
FREDERICKSBURG RAILROAD.
Montgomery Slaughter, of Fredericks-
Lurg, was put on the stand.
Examined by Mr.. Ould:
Q. Were YOU at any time director of the
Alexandria and Fredericksburg railroud'
\. was ana am. i was appointed Il
director in the road in 1866, and ten shares
Of the stock put to my credit. never paid
for them. They were enclosed to me by D.
4. Stewart. Subsequently, Mr.. Stewart
wrote ne that an arrangement had been
made by which certain directors would re-
sign. and their stock would be returned. L
declined accc,iiug to that arrangement. l
do not know whether the parties holding
the > 100 shares paid for them or not.
The resolution OF inquiry was then read,
and the witness asked if he knew any an
sm,r 10 them.
To the first. witness replied that he did
not know how many shares had been issued,
or that anybody had paid any money on
tarm. He knew nothing Of the bonds, tr
about their sale He understood that a
contract had been made for which bonds
were 10 be paid, hut knew nothing OF their
issue.
COLONEL BRAxToS's TESTIMONY.
Colonel BlaXtOn swogn.-l was the en-
gineer in charge OF the surveys ana location
OF the Alexandria and Fredericksburg
Railroad Company. l was employed by
Colonel J. Il. Stewart, and went into the
licld September IS, 1865. | insisted that Il
fund should be deposited with me to pay
the expenses Of the party. Ut was not
furnished at once, but shortly after 81, 600
WAS placed to my credit hy Colonel Stewart
L. pay the expenses, and then proceeded
with the survey until April, 1866, when the
funds gave out. We received IS, 900 in all.
About that time Mr.. kiehler started to
Richmond with Colonel Stewart to make
some arrangements with the Richmond,
Fredericksburg and Potomac Railroad
Company, but they met an excursion
train at Aqua creek, where Mr.. kieh-
ler partouk of the hospitalitic>, and
KIEuLER sTAIp TIGHT SIX WEEKS,
during which time the proposed agreement
fell through. After that q new Board OF
Directors was chosen and the engineer corps
reorganiZed. There were two lines Of sur
ycy-the interior and river-shore location.
While engaged i'll that work got informa-
ton of the collapse Of the whole company,
and / withdrew the surveying party from
the field, as there was no chance of getting
pay for them. III the September following
the work having been recommended, the
first estimate sent in was $4,000. Colonel
McCalllm advanced the contractors, Bod
fish, Mills Il Co., Sll0, 900 in bonds, on which
they realized $i3, O0U in New York. OF this
they paid out ,0e0 or $20,000 1t after
wards became known that $500, 900 OF bonds
more were TO be issued 10 Bodfsh, Mills j.
land III Injunction was goltenout by Gen.
McCallum to stop it, b., Nj, Il Co. being
men OF straw, the thing then broke down.
know nothing OF the early history Of the
company except what learned from Mr..
Reuben Johnson and Mr.. FAINT. Mr.. John
son told me that he was present ut its Or
ganiZation that Stewart handed him q
check for 81 200, which he handed over to
Mr.. Huyck. think he said it was Stew
arts check. Som time after that MIR.
johnson told me that the company was ille-
gal, and that would be shown before the
Legislature.
STEWART INsoLvENT. 81. ...t r.
z. BY Mr.. Segar.-Is not Stewart insol-
vent!
A. lie has that reputation, sir. He says
TIC lost great deal by the failure of Huycks
bank, in Washington. The bank failed in
ls6j. Mr.. Johnson said he was stock
holder, and also said that the company was
Illegal, because only 81 share had been
paid in, when so ought to have been paid.
Mr. Stevens told me that he didn't pay any
thing on his stock so did Mr.. II. G. FAINT
and Dir. Slaughter. Of the u, 800 paid me
for the engineers, 81 900 was ordered in
lluyck's bank by Colonel Stewart YER
bally, TO he sent to Fredericksburg to my
credit. ! had nothing to do with the dis
posai OF the remainder. ] know of no sales
OF bonds except the $4,000 issued to and
sold by the contractors. ~
Q. Do you know whether it is usual to
transfer stock to persons TO make them di.
rectorsi ... $685.
A. No, sir, do not. know nothing OF
The company since the new parties took
charge of the road. When they advertised
1or contracts put in bid I. .'.
Cross-examined by Judge Marshall
Y. Were you present before q committee
oi the Legislature ut the time there was
Dill mp for amending the charter OF the
alexandria and Fredericksburg Railroad
Company? =