The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-01-08

wbot Oakes Ames has TO Say About
Ihs sGInyestmcnIS" Of COngIcssmen'
The testimony in the Credit Mobilier
Investigating Committee has been made
Dublic Cakes Ames, after stating his
connection viii, tho Union Pacific and
Credit Mobilier, says:
Ibegan by soliciting my intimate friends
and men in Congress possessed OF means
and capitalists IN large cities. failed to
persuade Senator Crimes. John D. Alley
spd Samuel Hooper were willing TO go in
and subscribed very largely, and in these
eases | offered to guarantee them against
loss. Our capital soon proved inadequate
and was increased with difficulty. TWAS
again inadequate, and again increased,
and this time obtained only by the aid OF
an immense bonus. Until late in W there
were neither dividends nor profits. Twas
constantly ut work and held out every in.
duCement and made every representation
that l believed justiHablc. Precisely TO
whom spoke, or who formally agreed TO
take shares, but decided to postpone the
time Of payment, it is impossible to recall.
When the stock was obtained, in 1868,
there was difficulty about this. Time has
not aided me in this respect, but as the
time approached for profits, the number
Of shares that remained, and, with which
alone could fulfill many agreements l
had made, or supposed l had made, was
very small. l then applied and got the
shares, aud the agreement says two hun
bred and eighty, but my recollection says
two hundred and fifty, which is confirm
ed by the share list, which shows two
hundred and fifty allotted nae. Our pros
poets were then llattering, and was com.
PEELED, in distributing shares, to disap'
point many, though l strove to use them
in way to spread our influence every
where.
Twill now speak OF transactions with
individuals named in the letters produC-
cd by MCComb and his testimony. COlfax
u one mentioned. / cannot remember
which of us first mentioned the subject,
but know he wanted TO get some stock.
am pretty confident he has paid mo tor
1t, though 1t was never transferred to him,
nor can l remember ever having paid
ever to him any dividends. At tho next
session he said something about that
thing being OF. Henry Wilson is another.
There was fund given Mrs. Wilson on
the twenty.lilth anniversary OF her
wedding, and l was consulted about in.
Vesting it. recommended twenty shares
Olthis stock tor two thousand dollars, and
the money was paid me. Some months
afterwards she objected TO tho invest
ment, and l felt bound lrom what had &C.
cured, to take it OIL her hands and return
lhemoney, which did. Mr.. Patterson,
OF New Hampshire, agreed 10 buy thirty
shares Of stock, and received dividends
upon it, but the stock was never transfer
red to him, although he paid for it. As
to Senator Grimes | have stated all l can
say respecting his connection with the
business. Blaine, you have heard
Blaines testimony in advance Of mine,
and my acqUlescence therein. He declin'
cd the stock, and nothing more need DO
said Dawes, in December, 1869, he
came TO me TO purchase u Cedar Rapids
bond. / advised him TO take the amount
IN stock Of the Credit Mobilier, which l
thought better nvestmGnt--tkst1 would
guarantee him ten per cent interest on his
investment and take 1t of his hands any
time be wished. After making inquiries
he gave me one thousand dollars TO in
vest In stock. Some time after he came
10 me and asked what Mr.. Larned meant
by asserting that he and his friends were
owners OF tho Credit Mobilier. He then
said he would rather not take stock and
The contract wasrcsCindGd. Mr.. Bingham
asked me to invest some money for him
in such stocks or things that knew would
pay well. lie furnished me with about
twenty-five hundred dollars. ~ l invested
Nln twenty shares Of Credit Mobilier and
Tue balance Iowa Falls aud. Sioux City
contracting Company stocks. settled
up this matter with him in 1870. think
paid him tho amount due and took the
STOCK oil his hands at his desiSe, As 10
Mr. Garfield, agreed to get ten shares Of
SOCK ior him, and hold 1t for him until
HS could pay for it, or receive it. As to
MF bouIwell, l offered him some of this
s0cK' and there was some negotiation
Vu' II resulted in his not taking the stock.
As 10 Mr.. Elliott, OF Massachusetts, he
never agreed to take any stock. l offered
ITO him, but he declined. l cannot
saete'ore, believe ever mentioned his
aame 10 McComb, for I never had any
Jason 10 suppose he would buy 1t. MI
nelIey, OF Pennsylvania, isanother. Tree
UmmgG1ed him 10 buy, and he said he
would like to, but had not the money tC
spare 10 pay for 1t. l told him | would
Gatrylt Tor him till he was able to nav iol
~ H., he never took stock. My recollec-
Won Won IS very indistinct as to this case o.
Ls' ! made loan to him Of ono thou
sluu collars. think, which he has nov.
io 81 settled He regards the stock Us be-
IO"s'uS 70 me. 1t being a transaction o.
ITOIs Standing, and Of small amount to me
A. uSVe never given 1t special thought
Nas' ocoueId, he frequently talked viii
S nus very carly in tho enterprise abou
a aSs % some stock In the Credit Mobilier
Suu urged MIN to talko some, as did
Itany Others. Scofeld agreed 10 take tel
I u dc afterwards took II and pait
V' tanV, par aud interest. Subsequent,
w became dissatisfied with Il. assirnin;
.uaI he had hGArCd there was ncrsonS
SsPonsl0iItty, aud returned IL, | tool
" T1. .S Us | had agreed to do with him a
10 M SnISt every instCnce had done, A
S w nlr, Fowler, Of Tennessee, | never sol,
ANY ANY , sSOCT 70 HIM, and he never received
aul llAL am nMnnn Of - y -,