The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-12-12

for the consideration OF the French SpoliatioH
DILL, but 10 was left to take its chance as the order
OF the DAY.
The Credit MobiIier Investigation To BE
Held with Closed Doors.
Some very interesting revelations might be
expected from the committee charged with
the investigation OF the Credit Mobilier
scandal, which meets tomorrow, II 1t
We're not so peculiarly constituted as to be
strongly suggestive OF the withdrawing process
which has been so successfully applied ere
now in similar cases. The investigation is
to be conducted within closed doors by
direction OF the chairman, Mr. Poland, and
Tor the sole purpose Of shielding the questionable
transactions ofsome OF the parties implicated from
the glare OF publicity There is most damaging evil
dence extant and at the command OF the commit
tee but should 1t even take the trouble to get the
facts they will be smothered within the four walls
OF a room never to see the light OF day: and when
the final report will appear none will ne the wiser
for 1t. 1t is the general opinion here that shadow
OF suspicion, however faint, attaches to all the
members OF the committee except one. To
| begin with Poland:-He has been instrumental
| IN passing some of the most stupendOus railroad
jobs IL Is stated his afiiations with Cakes Ames
and the railroad interest are too intimate to allow
him liberty OF action, that impartiality would be
too much to expect from him. General Banks an
other member, viii go out at the end or this short
session. He cannot afford to spoil his chances Of
future preferment, especially where Massachusetts,
investments are concerned. He has nothing to
gain, but rather something to lose, II he
insists on dragging to light the question.
able acts OF influential men. Mr. Nib
lack, from Indiana, is likewise allied with
the railroad interest, and his past record Is not
clear from the mercenary scent OF jobs Mr. NC
Crary Is In the same predcament. There remains
now Judge Merrick. or him nothing more can be
said than that he Is a man OF known and tried
integrity He is little versed In the tricks OF the
trade and will give the accused the benefit Of the
doubt, however slight that doubt may be. His
voice will be In accordance with that
Of the majority OF the committee, in
the same way as he would not hold
a prisoner guilty Of crime unless he has been
found so unanimously by jury Of twelve men.
There to be but one gentleman really anxious
for strict investigation. It is Speaker Blaine.
He apparently has nothing to fear from an impair
tial scrutiny OF the Credit Mober transactiOns.'
The members OF the House who are alleged to be
connected with this infamous business say that
they are ready to prove their gutlessness.
BoutwelIs Syndicate Schemes-Gcrman
Bankers Ready to Take the Loans If
| the Secretary Will $50 West.''
| The Ways and Means Committee meets tomorI
row to consider Secretary Boutwen's supple.
| mentary Syndicate schemes. 1t is known that the
represen natives Of Syndicate Of German bankers,
through whom large American railroad loans have
been successfully placed abroad, stand ready to
take the whole four, four and q half and five per
cent funded loan, for direct and open commission
OF two and q half per cent for services and exl
penses, leaving the Treasury free OF all expense be-
You'd the issuing of the bonds, and clear OF the
necessity of resorting to indirect devices to in
crease the margin allowed by law. These parties
claim that their terms absolutely below the
actual cost of any loan yet negotiated, and believe
that by proper effort the necessary legislation
could be secured; but they decline to take any
steps towards advancing the credit OF the United
States while Mr. Boutwell, is in the Treasury feel
ing assured that when by the labor OF others, the
funded loan had been transformed into desirable
investment, the present Treasury ring OF Wall
street operators would be allowed to reap all the
profits.
Experts to be Heard tho Postal Tele~
graph Bill.
Mr. Orion, President OF the Western Union Tele~
| graph Company, has made application to be heard
| before the Committee on Appropriations on Mon
| day. Mr. James ii. Brown, President OF the Frank
! lin Company, has made a similar request. Mr..
Palmer's Postal Telegraph bill will not be pre-.
scented until those two gentlemen have been heard