Wilmington daily gazette., 1872-09-20
The Credit aAobliier Charge.

Tho Commercial IL very anxious to connect |
Hon. JANEs A. BAyARD's name with the alleged |
Congressional bribery case. But that gentienlan's
name is not among the names which Col Nc |
Comb brought before tho Court in his suit for
p .ynsnt for 2jO shares in the Credit Mobier.
It sppears from Oskes Amess letters to Col Nc |
Comb that hs had "not spoken" to Mr.. BAYARp
when he wrote. It appears that Col. McComb
gave s25 900 for the $50 shares in litigation,
and from his testimony the shares had increased
to the value Of $500 or $1,000 each. The mana
gers Of the compsny refused to issue to him the
certificate of shares and he sued to recover their
worth. This suit s pending in rhiIadephia.
In giving his evidence Col. AcComb mentioned
the names OF The. Conaressmen published % fre-
guentiy in the papers. a. havin. beon furnished
With shares OF tho Credit Nobilier by Oakss
Ames. who VA then in Congress- So far Ames
has refused " appear III Court aud answer. Aud
the New York SHn. TrjEuns and World, sil de-
clare that his denial i, svssvs and does not clear
ur the charge. 1t appears that Col. McComb 10
only sndsAvoriny to get his own from the tel
l,ws, who got control Of the Crsdit Mobisr, which
!. now about bsiug wound up in Philadelph;s.
When Colorsi McComb was Intercepted, hia
testimony most cloar and conclusive. Wo
copy ~ much Of it ~ follows:
q. What distribution OF it was made by Mr.
Ames! A. He gave il to members. OF Congress,
Snito-s and Representative.
J. What was paid into thu Gro lit Mobiiier for
that stock which Mr. Amss distributed in the way
you mention. A. This stock which Mr. Ames
took trustee had paid to it all the dividends OF
the company from the date Of the 0rgani izatun OF
tbs company down to the time when the stock was
delivered to HIM. and MOne OF these proceeds,
amounting to several hundred per cent. in par
value. were paid ill., rhs par value only was
paid in.
q What has been the highest value reached
by the Credit Mobiiier stockS A l was offered
$500 per share for mine. This was IN 1853, long
before this suit began. l refused to sell ut that
time. considered it worth $1,000 per share. ami
it would have been r,a,y worth that honestly
and fairly managed at lhat lime.
Y. Do you mean by giving that these shares
were gifts in the nature OF presentsl A. l do
~ You understood then, Mr.. Ames to mean
that these shares were to be presented, without
.alus paid. TO msmbers Of Congress- A. un
dsrstood from Nj. Cakes Ames that they wer,
substantially gift the parties to whom tho stool
was sald TO b appropriated resolving through him
as their trustee, moro than sufficient available as
sets. as dividends. to pay for the same. and tina
he. out OF their assets. paid into the treasury tn
par val"a Of tbs stock.
q. Did you understand from Mr. Ames wha
was the motive for allowing these persons TO tax
TINS stock at par when it was valuable that par
OF the dividends sufiiced to pay tho par value
A. Tho motive. understood, was to secure tn
iaausncs and support in Congress OF the meu I
Whom the stock WAS given.
inhusncs aud support fol- what A. Fo
anything Affecting the Union Pacific Railroa
company in Congress.