New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-12-16
WASHINGTON.
THE CREDIT MOBudER INVESTIGATION
,ouN r. ALLEY CoNTRADICrs COL. M'CoMB-
WHAT OAKES A8iES WILL SAY.
a., arstEGRAPu 10 TIP FRtBUvEl
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rs, TELEGRAPH 10 THE TRiBUNBl
WASHINGTON, Dec. 15.-The Credit Mobiler
Invest eating Committee held another meeting on Satur-
nv John n. Alley, who was member of the
NXXiXth Congress from Massachusetts and has since
neep prominently connected with the Union Pacific
Railroad Company pun on the witness stand. lie
endoavored to break down Col. MeCOnlb's testimony
and oontradcted positively many of the statements the
latter made the day before. McComb had said that
Alley was present when negotiation was mado with a
Democratic member Of Congress- who received 80 shares
az stock through his s0nnaw. This Alley denied The
most important part Of his evidence was the reported
statement that the Directors OF the Credit Mobilier
Company had divided $4,000 worth in nominal
par value OF the stock between 0akes AInes and Mr..
Durant President OF the Union Pacific Railroad for the
purpose OF fulfilling certain obligations contracted oy
them AleY declared that lac had no knowledge what
ever OF the nature of those obligations. COL McComb
expresses a very unfavorable opinion Of Alley, and
slys that he was mainly TO blam for the dishonest
manner in which he, McComb treated. Alley was
chairman OF the Executive Committee Of the Credit
Nobier when McCOmb submitted his proposition for
settlement Of his claim and McComb thinks bis propc-
siton would have noceded TO- and that he would
have got what due him II It had not been for what
he styles the "rapacity Of Alloy"
The uext witness will be Cakes Ames. who viii be e1
amincd tomorrow Tuesday. He is busily engaged
preparing written statement which he VIII file with the
Committee before he il subjected 10 verbal examine
ton From conversations had with Mr.. Ames recently
II is believed that he win frankly admit that he sold the
Credit MOber stock 10 his friends in Congress and that
he the who took IL, but that he will assert
that these transactions occurred after the Pacific
Railroad got its legislation, and that they had no connee
ton with past future services floor of Congress
He will represent the sale OF the stock TO congressman
a. "a perfectly legitimate business transaction ON his
part. although he will doubtless admit that II wss
favor friends TO let them into profitable CON
oen as che Credit Mober proved 20 be. Mr. Ames has
said recently and Will is supposed repeat in his state
nont that he bought back much OF the stock from tho
Congressman who purchased it Of him, and that he st
holds IT, He has further declared that he viii not con-
sent made scapegoa for others, and means to tell
the whole truth no matter whom it might hurt There
Is great anxiety to know what his testimony viii be
Reports are current that he will impcate two ;hree
persons who in the excitement Of the late canvass. were
60 indcreet deny, explicitly and positively, that
they ever owned dollar Of the stock, or received any
dividends from it. The Committee still determined
70 keep results OF their investigation as secret as
possible In spite of all their precautions, however, the
material points of the continue TO leak out
has always been the case in like Investigations. num-
Der Of members Of the House express themselves against
Tie secrecy part OF the inquiry, saying that the peO
pic vii no. accept yndicsuon Of any man as complete
unless Committee throw open their doors aid let in
The light 81 publicity upon their proceedings.