The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-12-27

CoSGREssMES AND THE CREDIT MoBILIER
SrocK.-1he National Republican, Of Wash
inyton administration organ), has the fol-
lowing, which Is given out as true account
of the congressional complications In the
stock of the CIedit-Mobilier:
Mr. Boutwell, was offered some Credit-Mo'
bilier stock at u time when he was seeking al
investment, but after dcliberation he declined
to purchase it.
Senator Wilson never ewned Il cent of the
Credit Mobiiier stock himself, but Mrs. VIII
con did hold for time two thousand dollars
OF il. The Wilson's were EoarderS at the
Washington House with MIR. Ames, aud she
having two thousand dollars of hers to invest
they consulted him as to what safe bonds OF
stock would pay the best interest. Mr..
AmcS advised them to purchase twenty
shares of the Credit-Mohiier stock, which
they at first hesitaed about buying, not
knowing anything about it. But when MIR.
Anes offered to guarantee ten per cent. in.
terest on the condition that they would di-
vide the profits above that amount With him,
they accepted the proposition, and MIR. Ames
delivered them the stock.
Mrs. Wilson continued TO hold this stock
until McComb first commenced his demon
s!ratious, alleging, among other things, tina,
the stock which was delivered to certain
members of Congress belonged to him. The
moment that Senator Wilson heard of this
he requested his wife to surrender her stock
back to Mr. Ames at the earliest possible mo-
mcnt, us ne did not wish to be even Indirect
Is connected with any matter the correctness
of which was question |. So the stock was
returned to Mr.. Ames, who paid back the
principal with interest to Mrs. Wilson.
Henry Wilson was never benefited in any
way by the Cledit-M oDilicr, and he took The
earliest opportunity, after he ascertained thai
it was to be disputed matter which might
require legislation, to have his wife dispese
of the stock which she Lad purchased.
Mr.. Dawes, having some money 10 invest
in the early part Of 1867, thought Of buying
one-lhousand-dol!ar bond of the Cedar
Rapids and Missouri River railroad, Of which
Mr.. .t;Ecs had the management. The bonds
were sold ut nine hundred dollars, and as
they paid seven per cent. interest Governor
WashburH and other friends of MI'. Dawes
bad purchased. them. When Mr. Dawes ap.
piled for Il bond Mr. AmCs told hun that 1T
had none. but would sell him something bet.
ter-tcn shares Of the CTCdit-Mobiiicr stcck
Mr. Dawes asked what that stock was, and
whether it would prove safe and profitable
investment. Mr.. Ames replied that it would
and that if Mi. Dawes would take the ten
shares offered him he would ut any time re-
fund the money paid with ten per cent. i'll
terest. Satisfied with this guarantee, Mr..
Dawes paid his money, received his certjti.
cate, and atterWard receiyeda dividend on it.
When he next returned homet to Pittsicd,
however, his Deighbor and friend Mr..
Larned, to whom he accidentally mentioned
this investment, told him that it was not Il
good one, rs the franchise of this Credit-Mo-
Lilicr corporation belonged to another SET OF
men, he himself being the largest owner;
that suit had just been commenced to re-
cover this franchise. This did not please Mr..
Dawes, who soon altcrward told Mr.. Amcs
that he should like to surrender back the
stock, as he did not fancy being interested in
Il protracted lawsuit. Mr.. Ames willingly
took back the stock, paying Mr.. Dawes its
cost with ten per cent. interest, and this
ended the connection of Dir. Dawes with the
Credit-Mob;lier.
Mr.. Hooper, us one Of the original stock
holders III the Pacific railroad, was entitled
10 and did hold stock iu the CrGdit-Mobiiier.
The late Thomas y. Elliot never held any
stock in the Credit-Mobier, although near
relative OF his was Il stakeholder. The late
Senator Fcssenden never held any Of tie
stock, but the late Senator Grimes, Of Iowa,
did, and so did Representatives Bingham.
Garfield, Kelley, and Scotield.