The New York herald., 1872-12-23
POINTS FOR JUDGE POLAND.
Oakes Ames' Contract with the
Union Pacific Railroad.
THE MOST GIGANTIC sWINDlE on RECORD.
Suits Against the Swindlers and a
Lively Time Generally.
ILLUSTRATIONS OF WALL STREET.

WASHINGTON, Dec. 81, 1872.
The exclusive publication In the NEW YORK
HERALD of an onicial copy OF the list Of stock
0olders, dividends and Gllotments OF the Credit
kobilier Of America, filed upon the Court records
Dy authority OF DR.. Thomas c. Durant, ex-Presi-
dent OF the Union Pacific Railroad Company, has
produced profound sensation in the public mind,
especially among those who have believed the
whitewashing reports that have been telegraphed
70 every part Of the country from washington.
The carefully prepared table In the HERALD, which
furnished the detail profits Of the holders OF the
Credit Moblier stock illustrates exactly how much
profit innocent congressman realized alter re-
ceivlng the stock which they publicly pro-
claimed they bought ct 'par prices" It re-
mains for the Congressional committee to
subpoena ali Of the ex-onhcers OF the Union
Pacific Railroad Company and the largest
stockholders in Credit MObilier, to ascertain
whether there was an understanding with any
Congressman, or with any representative Of q
Senator or Congressman, that said stock, when 1t
was delivered to him or to them at par value, was
actually worth great deal more. The writer is
anthoritatvcly informed by one 0the largest stock
holders in both corporations and OF the highest
In power that srcpresen ntati0ns have been made
90 the Congressional committee and on the moor OF
the House regarding the distribution Of Credit
A0biier stock especially relative to the purpose OF
the investment In certain direction, the quantity
given and the parties to whom 1t was given. This
Agh authority, to which reference is made, assures
che representative Of the HERALD that he received
from Q member Of Congress o check for ten
thousand three hundred land fraction Over) dol
lars in payment for 100 shares Of Credit MObier
stock, which could then have been sold for about
any thousand dollars; that this Congressman
claimed the stock as his right for his influence,
and desired that 1t should be issued in the name OF
bis son-in-law that 1t was 80 issued that shortly
afterwards, during the absence in Europe OF
President Durant, OF the Union Pacific, who had
large control OF Credit Mobiller, the same Con.
gresham called upon the corporators OF Credit
N0biler and demanded Atty more shares Of stock,
assuring them that President Durant had
promised that he should have them. and
st par prices; that the extra fifty shares
were delivered to tho same Congressman, the
certificate being issued In the name OF the same
sOnin-lsw alluded to above, for which ne paid only
S. 6233 80. the par value, when the actual value Of
the f1ty shares at that time was more than four
simes that amount; that the ffty shares 80 OBJ
tained In the absence Of President Durant were, In
hls Judgment fraudulently obtained; that suit to
reclaim said property has been initiated in this city
II this suit IL not compromised by the parties
mostly interested tho Supreme Court OF New York,
with open doors, will be the scene for unvciling
not only the intricacies and corruptions
and enormous extravagancies OF govern
mcnt railroad builders, but the low
degradation to which national legislation
mas fallen, the baseness Of men who are selected
a. the peoples law makers and the vile deceptions
practised in the Star Chamber Investigations by
Congress will also be Thoroughly explained, and,
by the aid OF free press, exposed 10 the light Of
day. The Oakes Ameses Alleys, ]. N. $. Wlliamses
and Bushnes have invaded the committee room,
usurped the rights and powers Of the committee,
attacked and intmidated witnesses, and thus far
destroyed the influence OF the committee.
The explanation given above illustrates to a con-
siderable extent the condition Of the whole list
The name Of lady appeared upon the list who
represents her h.soand former member
OF Congress. Congressman from West
ern State, who held large amount
OF stock at one time, and as a representative did
geod service for the Union Pacific SPECTATORS,
appointed high position IN the directory, but on
account Of an unauthorized disbursement Of about
three millions OF the company's property was dis
charged. This man has been rendered Important
posts in the government and for reasons not
known to the public declined them all. TWO ex.
United states Senators figure by name on the list
or stockholders, but doubt exists in the minds OF
DR.. Durant and others whether they ever saw
share OF the stock oil Credit Mobller or received
DOLLARS benefit from It.
II is proper to state, In this connection that the
Cakes Ames contract, the transfer and the list of
stockholders appended TO the contract as pub.
llsned In the HERALD, were copies from court
records, where they were put in evidence by DR..
nrron