The Portland daily press., 1873-01-27
WASHINGTON.
Credit MObiAier.
More Senatorial Developments.
Peculiar Letters OF Senator Pat
sersOH.

fersOn.
WASHINGTON, Jan. 25.-Judge Polands spe
clal Committee to inquire into the distributor
OF the Credit Mobilier stock among memoeIs
OF Congress, resumed their session TINS hioIii
ing, and the examination of Oakes Ahies ""f
continued.
Judge Poland-Upon one of the books OF TN the
sereeant-at-arms, containing ilst oi cueGhs
charged to Ames is one @ hot %5sS 2 ;ren " for9
Ames-It was the fashionable amount about
Ouestion-Will you state the transaction you
had with Logan, and for what that check was
given?
Answer-Yes, sir Logan agreed to take ten
shares of the Credit Mobilier stock. l maze
up the statement, showing the balance due him
and gave him the check for the $329 due him.
After that he paid me back the money with in
terest. prefer that you summon Mr.. Logan
and not take my statement alone.
Q.-Atw what time was the contract made be-
tween you and Mr. Logan?
Al think in December, 1867.
Q.-He paid no money?
A.-No, sir; only that $329, he returned to
me with interest.
Q.-He paid aou nothing at the time of the
contract? aa ..as.. .-8.
A.-No sir.
Q-You received the bonds with his stock
and sold them?
A.-Yes, sir.
Q.-And afterwards the money dividend?
A.-Yes, sir.
Q-And after deducting the amount it left
balance of 1929 due him?
A.-Yes sir; remember that the same as
do all the rest.
Q-Did Mr.. Logan ever receive anything
more?
A.-No, sir He paid me back the 1920 with
interest, and think the interest amounted to
two or three dollars, and Ican't remember dates
or amounts exactly, but much prefer that you
call Mr.. Logan
O.-What was said about resembling the con-
tract, when the money was refunded by him?
Al don't know what was in his mind at
the time.
Q.-When he paid you back the 1929 was it
the understanding that tho stock remained as
yours?
A-Yes, sir
Q.-So Mr.. Logan made nothing?
A.-No, sir; only he has the bad name car
ried by the check for S329.
Q.-And that is all there is in this transac-
ton?
Mr.. Merrick-Who made the first proposition
you to Mr. Logan or Mr. Logan to you?
Answer.-Well 1 think the propositions were
made 10 me generally. There were d great
many people thought it was profitable enter
prise; thought the promised persons have stock.
Mr.. Nelson of Iowa wanted more stock, so did
Mr.. Painter, and MI. Grimes and Mr.. Allison,
but he could not let them have more. The
stock assigned to him by the company was to
carry out engagements which he had previously
made, and he carried out these engagements as
near as he could. He thought he had promised
some gentlemen in Congress stock prior to De-
cember 1867 as he had been trying to get per-
sons interested in the Union Pacific road and
Credit Mobiier. Had sacrificed some of his
own stocks in order to fulfil engagements he
had previously made, and when he found he
could get more stock from the company to full
fill these engagements he did so. He could not
remember if he had any conversation with Mr..
Colfax in reference to letting him have Credit
Mobilier stock prior to December 1867. Did
not think he had any conversation with Mr..
Wilson. Mr.. Patterson said he had spoken to
witness previously, but witness could not re-
member. Thought he had conversation with
MIR. Bingham and Mr.. Scofield. Did not re-
member as to Garfield and Kelly.
Judge Poland-I understand, Mr. Ames, you
have some further papers which passed between
yourself and Mr.. Patterson. n
Answer-I have. Mr.. Ames fthen produced
and read the following receipt:
WASHINGTON, June %, 1868.
Received of Oakes Ames $500 on account of
dividends received by him as trustee ON stock
held for my account. M
j. W. PATrERsos.
You saw him sign it.
Answer wrote the receipt aud he signed
Boston, May G, 1871.
Received of Oakes Ames 200 shares Of Union
Pacific railroad stock and $767.24 in cash. on
account Of the Credit Mobilier stock, and there
is still due on the transaction 80 shares of
stock in the Credit Mobilier of America and
1000 in the income bonds Of the Union Pacific
Railroad. W. W. PATTERSON
Was that signed by him in your presence?
Answer-Yes sir.
Question-Was that signed by him in your
hand writing?
Answer-Yes sr.-The $500 is the check +
gave him on the final settlement.
Question-Have you still another?
Answer-No, not exactly Mr. Patterson
wrote me letter (Witness here produced it
and handed the letter to Judge Polapd.) re-
ceived several orders which l have torn up.
Judge Poland-This letter was written this
winter.
A. Yes, sir; since the examination COM
menced. He wanted me to make my testimony
Mr.: Patterson, and have received several letters
from him, but this is the only one / have left.
Judge Poland here read the letter, which is
as follows:
WASHINGTON, d. c., Jan. 4, 1873
Hon. Oakes Anaes: My dear sir-The facts iu
any connection with it, were as follows; You
came to me one day, knowing that want of
means was chronic evil with me, and said
Patterson, if you would like, l can let you
have thirty shares of stock in the Credit Mobil-
Ter, which think will be profitable invest
ment and will be good thing for you' My
reply in substance was, that if you had anything
which could properly invest in, and out OF
which l. could make some money,
should be glad to take it, but that | had
not MOI the money at that time and must defer it
till l could get it, Your reply was that you
presumed could have it later, when it might
be convenient, and you regarded it perfectly
legitimate transaction. AT that time you did
not and could not anticipate you should ever ask
for further suggestions from Congress in respect
to the road, and you never did except when it
was forced upon you by the secretary After
this conversation with me you may have had
the impression that should take the stock
some time, but for some reason or other, per.
haps for want of funds, never took any of
the stock: meyer had any stock in the COM
pany. 1t pressed to know it purchased at any
time any bonds or stock of the road, you can
say did at the time they attempted to embar-
rass you, when the value of the stock was de-
pressed, and paid you the full market value for
it. paid you $1,000 in money for stock and
bonds. The stock put into the hands of Mr.