The Columbia herald. [volume] (Columbia, Tenn.) 1850-1873, 1872-09-27

IL. XVIII. NO. IL.
might want out ofthat. You would not want me me
to Offer less than thousand tMJ TO any one we
allowed Durant to place s5s3@ TO some three sf o.
this where il will produce more good to uss think
In view Of Kings letter and wasne1rms, IN mSye s
We can do i, with perfects afety: Understand the
opposition to it comes from Alley. he Is & on tns sf
! we come short which don't believe we shall. and
90 loan our bonds a, 70 the 5 TSe
1SRsasi when shsi rs& you in washington, Avn.
| Ps-we Sars stand % about like this:
Bonds nrs, mortgage received ON 80 miles sooa
Bonds ID sG firss mortgage @ received on Is miles. -.o
Bonds y! nrs5 ST. mor'sake Dor miis 4.soooO
sIs,sp.oO
oooo o sold and to sell TO pay our debts IOOOoUoD
ss,sDaOO
EigMnty gMSpsa, Per cent ciV'aeno on T' am0O
| sao.Go
| oo,,.r,,,.r, bonds received this day, $4,000
Due for transportauon' fs'"' 10000
ssao@o
Tn addition to this. we can draw Government
\ bonds for two-thirds OF the Work cohe iA -~'~0
| OF the track if we desire It.
The following is in pencil on the
Ames letter:
oakes Ames, list of names, as shown to-day TO me
1SI siains Sss11f of Msine s see Elliott Mass S s%
Ess:sS;oR q H. s s Fc%iss Psxss Tsss T:sn. :
Painter lRspl for o1igley co,s., sneaker. 81 GOO
bingham and Garfield. Q. each. 81"
| Scoield and Kelley. Pa each, To, IN ,sss'
On January 25, 1858, Ames had wrlt-
ten to McComb as follows about briplng
members of Congress
wAsHINFToS, Jan. 3. 1858
ia m a. RAM in Which You say Senators Bayard and
Fowler have written you in relation 10 their st9ck
ba~ have saen u to Bayar
him soon. You say must not put too niie i,1an ~
four ffom Massachusetts; one from New h1R
! shire one, Delaware; ore, TehheSstS. one ona
MAIN Maine smd Save three 70 place which shall pg,
where they will do the most good 70 US hnnid am
on 'he tbor see this dividend paid should
make our capital 4OOe 0Oc and distribute the NV
s,oc " nar and pros made in the future The
Cd per cent increase the old stock want to1 or d us
xs;nn ~ he bonds. says we VIII need them &C.
&C. should think that we % 9ugn' n ,Se 10 OI Fnsnce
SPAR 'miitea We used to be able to borrow when
we had no credit and debts pressingi we sae Ho o
SSout the bond dvdende part OF The purchases G e
mere are poor and want their bonds 70 sen " e th
Ne 10 meet their pay ment on the STOCK IN 'ne
G. M. have told them what they would se' tss a.
dividends, and they expee, n mex csnss diVi f
Send we better give them the bonds II w, VIII not
amount anything with US. some saSe ., the the bonSs
or certifcates. or they will lend their bonds TO tne
Company they have done before or lena hsv ni
mai one-tenth that was Underwoods l have Ia
ken half. ouigley Quartet ana yoa solae future
oay we arc " OAKEs AMEs-
The act so much desired by the inside
ring was passed by Congress, everybody
very well knows. An act twice as lniqui-
tons could have been pulled through when
Wilson and Patterson IN the Senate, and
the Sneaker of the House, Mr.. Colfax, and
Messrs. Blaine, Schofeld. Kelley, Dawes
Elliot. Boutwell,, Bingham and Garheld
had been bribed, ::as Ames declares they
,ere. They werethe most prominent an1
influential men on the Republican side OF
the House Dawes being then Chairman OF
| the Committee on Elections, and Sehoheld
/ Chairman of the Committee on Revised
and Unfinished Business. Boutwell, was
on the Judiciary Committee, Bingham and
Rlo;ne nrominent members of the Commit
tee on Military Affairs, and Kelley and
Garfield held equally important POSITIONS.
As had a showing as Amess list makes
for the great lights of the Grant party, 1t is
not as had as it will be when the whole
trntb is known. The Ames list Is not COM
nlete It will be observed that 1T does not
inciude the name of James Brooks OF New
Work vet Col. McCombs swears that he re-
ceived so shares.
But Brooks was not the only one omit,
tod We have been informed by one OF
the legal gentlemen employed in the case
of McComb act. The Credit Mobller, that
Robert G. Schenck, of Ohio, Benjamin Nj;
Rover of Pennsylvania, in the House, and
Pomeroy Chandler, Cameron, Nye, Stew
art Sherman, and Morton in the Senate, al
60 received a number of shares McComb
has the nroof and will produce it or com
mel Mr. Ames, who all along refused to ap-
pear before the examiner and testify, to
produce it. ~ ..
Ames nursued the following novel course
in br;bing some of these men: He would
first hand to a member or Senator a Ger,
t;Gcate of stock and tell him it was good
tb;ng If asked how much money was RS
on;red he would say, mot a cent at pres
ant :" Then in a few weeks he would again
nav q visit and hand the gentleman a
check drawn by the Treasurer OF the Cred,
it Mobilier, and say: Here Is your mrs
dividend was sufficient 10 pay TOR the stocs
at its nominal value That the dlvidenas
were sufficient to.do this is shown by ihe
following extractfrom Col McComD S testf
mOny:
o, What dividend was declared on the
Credit Mobilier stock after the delivery o.
Ames contract? A. My books show tha'
| received Jan. A, 1868, 90 per cent Union
Pacific Railroad stock, 33f per cent Union
Paicfic Railroad stock, so per cent Union
Pacific Railroad bonds. Above dividend
was on $50 shares. Feb. 3, L got from II
in dividends 80 shares OF stock OF Credl'
Mobilier. June II / received 40 per cent
in Union Pacific Railroad stock, with 81
nsr cent in cash, on $50 shares; July 8
fS6S rs per cent in stock and 10 per cent
in Union Pacific Railroad bonds on 35C
shares; Sept. 3, IS per cent in bonds and
loo per cent in stock; Dec. l9, zoo per
cent in stock. In addition to this there
was 143 per cent in gold paid in January,
1868. Credit Mobiler stock, and IL per cent
gold for cash dividends.
The above extract also gives some idea
of the real value of the stock Senator
Wilson, Speaker Blaine, and their asso
ciates received. But we do not need to en-
ter into any calculation to arrive at Its
, value. Col. McComb on this point swearS
as follows: IL,
stock at ,he time it was issued? A. II
would sell in the market at $3.50 per share
cash value, and very little could be had al 7
that-more buyers than sellers agood deal
T was offered $500 per share tor mln>
shortly after that tine II,
o. What has been the highest value
reached by the Credit Mobilier stock A
I was offered Sc o per share for mine
This was in 1868, long before this suit be
gan. / refused to sell at that time. con
s;dered it worth 81, 900 per share. and Il
would have been readily worth that, hon
estly and fairly managed, at that time;
The pertinent question which these fact'
mnst suggest to all honest and intelligen
ment is, Shall these men be continued IL
Office?
pedigreo Of Poets.