The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-01-11

time?
A. There may have been an election OF
directors at that time, but have no recol-
lection who they were. That was the only
I was present ut. ..
O.. Were all of the persons present whose
names are down for stock?
A. Governor Pierrepoint, Alexander
Hay, Samuel NJ. Shumaker, Samuel P. Suit,
frederick p. Stanton, Silas Seymour, Nc
Coomb FAINT, General Stahl, and Huyck
were absent. There were no certificates
that I know of issued for stock then. /
never received any. All the payments on
the shares were included in the $4,000
draft.
@. Did you ever see any certificates Of
stock?
A. have. It was understood that the
Code only required.S2 per share to be paid.
G. Do you know what became of the
check for $4,000
A. I do not.
@. Did you see it?
A. did.
No AONEf 5hO"
Q. Do you know what ever became of the
money?
A. I was recording clerk, and l know
that there was not company money enough
to pay ordinary expenses. Those expenses
were paid by Stewart, Ridley Il Co. IN
Washington, where the books were kept.
There was not much paid out on the COM
pany's account-only for stationery and
other small expenses.
O. Who bore the expenses of the COM
missioners who met to organize the COM
pany2
A. / don't know that there were any ex-
penses attending the organization.
Q. Were you all ever reimbursed for the
expenditures on behalf of the company!
a. don't know. never got dollar,
and l don't know that Stewart, Stevens d.
Co. Il was Stewards partner afterwards
received any. I don't know what payments
Mr.. Reuben johnson made. We all looked
upon Stewart as the head of the road.
Q. When the meeting was held to organ
ize did you know of any intention to get up
a bogus company and swindle the State or
anybody else?
a. No, sir. 7 thought it was all fair and
clean sailing. l believe Stewart is the only
man who has made any money out OF the
road since.
Q. Is not Stewart insolvent?
A. l believe he is worth very little. l
have never known any time that Stewart
could command any money of his own. l
am the Receiver of the Alexandria, Wash
ington, and Georgetown Railroad Com
pany.
Q. How do you account for your not
having paid anything on your shares?
A. l was under the impression that my
payment was made in the draft, perhaps,
by Colonel Stewart. l did not regard my
self as a stockholder, and merely put down
my name to make up the 1000 shares need
cd to organize the company.
Q. Is it your experience that large stock
holders in roads often assign to others
shares in order to vote them?
A. haven't much experience in railroad
matters.
BY Judge Ould.-Q. You didn't expect
to pay anything on the stock when you
subscribed?
A. subscribed for the purpose of hav-
ing my name appear on the books as
stockholder, in order to organize the COM
pany.
O. Didn'tyou understand that your stock
was liable to be forfeited if you did not re-
lmburse the person who paid it?
A. didn't think much about it.
BY Judge Marshall.-Q. 1t was not in
tended as fraudulent subscription, was
it ; and not to be paid for, was it?
A. 1t was not fraudulent subscription,
because it was paid for.
By r. r. Daniel.-Q. DO you know what
bonds were issued by this company, and
how disposed Of?
A. know nothing about it except from
hearsay.
Q. How long were you connected with
this company!
A. A short time. My connection ceased
about the end Of the year 1865. l was not
there when Bodtish, Mills & Go. had con-
troll Of the road.
Q. Wasn't the stock looked upon as
Stewards?
A. Yes. He was looked upon as the
master spirit of the road.
BY Judge Ould.-Q. Did you expect to
pay out OF your own pocket the remaining
ninety-eight per cent. on the stock. after
the two per cent. was paid?
A. AS / said before, l only put down my
name for the purpose of perfccting this or
ganization. / don't know that thought
about the rest, or when it was to be paid.
Q. Wasn't contract made between
Stewart and Kiehler about building the
road?
4. One was drawn up.
Q. Do you know anything about the eff
forts of Stewart in '69-'70 to get the charter
of the road revived by the Legislature?
A. Yes. was in Richmond at the time.
@. Do you know anything of the proviso
inserted in the bill July 4th, 1870, requiring
that the road between Alexandria and
Washington should be completed before it
should be commenced from Fredericksburg
to Alexandria?
ATTEMPT TO BAG THE ALEXANDRIA,, WASH
1NGToN AND GEORGETOWN ROAD.
A. Yes. I spoke about it with Mr.. Lin
coin on the Senate steps. He said the par
ties he represented wanted to build con-
Meeting link between Washington and
I believe it was intended to
get charter to hold in terrorem over our
heads and get our property on their own