New-York tribune., 1873-01-08

q What dlVidenhs do you pay tDemf a paif tAem
o. Did Won pay them all the dividends tha. b,t =.
cried up 70 tie time Of bringing this Suitf a. think
O. This suit was dockoted In November. 1888 Da,o,
pay them a the dividends that had been declared pt
to soyenber 1881 A. It il my impression that AZ
| q Can you state what these dividends weEei
o. was there dividend April I. 1851 Of 70 per cen,
| payable In first mortgage bonds OF the u p. T. r Col
little before they bought; IL was a dividend decarss
| prior 10 the time this stock was get apart
| o. Did you pay them any dividends winch were de-
cared as early July 1867 dividend Of 100 pet cen.
| on Union Pacific Railroad stOcki A. 10, 5r, think
not; think that did not belong TO this stock at all
| have DO such recollection.
tsgs of sOper cent first mortgage bonds Of the RR
aud on the day divided OF 100 per cent u RR
stocki A: cannot Say presume da ai some Of then
tIeS nsgct s. pihIs pShe diyidend. iHr S
% a. Can Won distinguish among those you dealt with A
TO Who paid and who did not pay and as 10 who actually
received their dividends! A. think ar Bingham hs
! his dividends in fun and think Mr; Patterson id
| n ma Mr. Dayesi A think ne had t up 70 the tina
he eciDed TO take the stock he declined early, 40
count OF this suit Of Duff Green's, as shey called IT,
| o. Did Won pay them "A dividend declared July 3, 1853
Of Is per cent Union Pacific Railroad stock aad on the
same day dividend OF rs per cent hrs mortgage bOnda
| ofthe Union Pacific Railroadi A. presume dld
O. The same question Is asked you 10 ieieIenee 70
dividend declared Sept 1868, OF 100 per cent Unon Pa
cihc Railroad stock and, the day Is per cent ht
| mortgage bonds Union Pacific Railroad Company A.
pended on the conditions ia which they received the
stock took up their stock and s9ne 9ld not pay
and therefore did get their dyldends, OF course
O. And of all these diversified trtbsictOhs you say
| you have memorandum A. l have none here; l
O. Viii you examine and see II you have such memo
randum A. will.
VALUE oP THE DIVIDENDS.
O. Did you receive these dividends upon the $50 share.
and 20 shares spoken declared at these respective
tmesi A. 1t is my impression that did; have ne
reason to doubt 1t.
O. They were assigned to you, II understand upon
your claim to the Company that you had made arrange
ments with certain gentlemen TO transfer the shares TO
A My 4
for stock and that promised & 20 get t9 ~ s9s
this arrangement as far as l could 49,, ....-
O. Were or were not these dividends which you say
were distributed to these gentlemen up 20 and Including
Sept 8. 1868, than an equivalent to be SUMS OF
they had pad TO you as the prlce Oh Ae sock'
O When these arrangements in reference TO the ranH
fer OF this stock rescnded between you aud these
members Of Congress, were the dividends when you
had paid returned TO you were they retained b
themi A. They were returned in some cases. aud In
some they have never been settled up yet. -
@ good enough to specify in what cases they were
returned and in what retalnedi A. That cannot tell
return the dividends they had receyedi A. think Mr.
Dawes did and think Mr.. scofeld did.
THE ARRANGEMENT WITH coSGREssNES
O. What was your motive in endeayorng 10 induce
members Of Congress TO become shareholders in the
Credit Mobier aud Union Pacific Railroadi A. Ny OBJ
ject was have associated with men OF influence and
character who would investigate for themselves in re-
gard to the privileges Of the Union Pacific Railroad
matter there a prejudice against the Unon Pacific
Railroad 10 charged that we were hcJ OF scOdu-
drels also that had committed all sorts OF crimes
against the public.
did they know incidentally, when they subscribed Tor
this stock angement you had made Gin reference
to the Credit MoDilier and the relations in which the
Credit Mobicr stood to the Union Pacific Railroads A.
do not know that made any full explanation.
acted by by the Us credit Moberi suppose told them
the Credit Mobier was contractor to build tae Union
Pacific Railroad; suppose everybody knew tbat who
q You sppoSod The relations between the Credit Mo-
ITuOn Pacific Railroad 10 De matter OF
public noorietyi A. Yes; everybody kne" IL 1t was
@. We're tho terms and the nature OF the contract
which is called the "Ames contract wnch was assigned
to the trustees building 667 miles of the Union Pacific
Ralroad known TO those who were concerned
Of the stock OF the Credit Mobilleri A. presume so;
thev would be very apt to kuOwit.
o. would these members of Congress know It with
whom you made arrangements to take stock htf A. L
O. But il was matter of public notoriety for every.
body to know there was no secrecy aDoatHf A MONO
g Had any motives or purpose IN soliciting the
in this Creiit Mober ana Union Pacific Railroad Com
pany inquiry that might be raised by the Gov
ductns the affairs the Union Pacific Railroads A; No,
Sir; never such Investigation could not have been
avoided If we had desired it; had five Governments
directors whose business IL was 70 sit with us In every
meeting the Board. aud IL their duty 10 protect
the Of the Government which they did to such
extent made the road cost US great deal more
than there any necessity for.
O. Did these five directors of the Union Pacific Rail-
road know OF the contracts made with the company In
reference building the roads A. The contract was
made with Oakes Amesi the company had no interest
O. mean the transfer of that stock to trusteesi A.
O State whether the printed paper now handed you
ls a correct copy that contractl A. presume IL is
Q. The paper handed you Is an exhibit connected
with your answers in the Chaneey suit heretofore re-
presume it is correct; do NOT know anything TO the
contrary; could not answer fully withOutcomparlng
with the written nterrogations TO which u was In an
cannot testify absolutely TO the fact OF its exact
ness because the original tocompare u with
O. Have you ever looked over these printed copies that
purport TO be copies OF the answers OF yourself and
OF the eOmpanans in that cRancery suit in Penhsy
vaniai A. l cannot say whether have the printed
g. II YOU canno Say now viii ask you 10 take that
paper aud examine It before tomorrowl A. cannot
say whether is exact without having the orig
inal compare it with; suppose IL Is corect have
commit forgery copying there be clerical errors
1t 10 be substantially correct, aud am willing 70
admit that Il is substantially correct.
FIRST THREATS oP ISyEsTIG ALTON.
O. ask you III at or about the time Whom these trans
fers Of stock made by you members of Congress
there any threat or rumor on the part OF the gov
ernnent OF the Union Pacific to cause an investigation
to be made into the which the affairs OF tho
Union Pacific Railroad had been conducted A. No. Sir:
do that there was the matter or an lnyesL-
CATION had been frequently talked over IN NeW-fork,
and always said IL was in favor OF IT. -
Q. Were there any movements in Congress looking TO
Investigation as 20 whether the ehaer OF he Uhloh
Pachc Railroad had been forfeited at that time A
O. Or any movement in Congress looking TO the ascer
tanment by the Attorney General OF the United states
whether not illegal dividends had been made and 70
cause reimbursement thereoff A. think some time %
\ after this; should cay year after TINS STOCK was
Garrett Davis made such charges in speeVa
| the Senate. ~@- ''t~
q. AT the time this stock was assigned to you, or
during your negotiation with members OF Congress.
were there any movements made IN Congress or any
suspicious Of movements TO be made IN Con-
gress looking 10 such resultsi A. No. Sir; not to my
| knowledge.
O. Do you know when the first movement was made in
Congress looking TO the passage OF the act OF April TO-
1862 the fourth section OF which the Attorney General
was authorized investigate whether the charter was
not forfeited ana ascertain II Illegal dvidends had
been made and to cause the reimbursement thereof
also whether OF the directors OF the road or
agents had violated any penal law A. think that
graw Garrett DAVIS speech 10 which have