New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-01-25


should have known IT. suppose, however, the money
s turnashed for the purpose Of obtaining favorable
Isolation; the Board OF Directors had always looked 70
cakes Aes 20 look after Pacific Railroad matters AT
Warrington ard believed he would do what was neces
aary FOR the interest OF the road.
By the Chalrman-Did you not always regard TINS as
Questionable transaction, and therefore did not care 70
Know how the money spenti A Not exactly
questionable should not inquired into the matter
Al AL but had great confidence in the men appointed
"a .burse IT, and felt they acting entirely IN the
interest Of the road and would not spend the money
vrOngfully.
q You who were a director Of the Company when the
rs6oOo we're beng paid out say you did not care 70
Hnow what was done with the money. What was IL you
Aid not care to knowi A II any part of the money
vas employed wrongfully, then would not wish "
Know H.
O We're you not apprehensye suspicious that an
,nproper of the money would DO made, ana there
,re YOU aid want TO investigate as 70 where "oH
did not know but such the fact but al the sAne
time I cannot think the money was HronglulV ehi'
plOyed ~.
On further examination the witness said Gen. Dodge
IA Oskes Ames were here at the time of the Legislation
,sd TO- in the interest of the road and IN these gen
smen no had confidence; the witness understoou the
,al egal services 70 secure favorable legisar
80, for the railroad company but he could give no IN
,nuation as 70 who paid the money or to whom 1t was
paid.
me Chairman Intercepted the witness rs 20 the CIV
-, note for A. 100000 in August, 1859, by the Union
90 Railroad Company, when, March, 1867. the 1l6
niles of road as $4,000 mile, amounting TO s2,SS0oOO,
80 already been paid for. The witness said the note for
=. oo o vas gwen by the Union Pacific Railroad Com
- a. Sne the Credit Mobiier under the Hoxie con-
tract
U,tnass VA asked why this OF g. 100000 should
Ave s,n maid under the HO1ie contract in addition 70
-, contract price Of the road namely, t2 $4,000 His
.,sWer wa he did not understand how that was that
me note FOR 100000 still outstanding and paid,
be proeees woud 70 the stockholders Of the Credit
Nober The attention Of the witness was called to an
ptry Of lOl on the Pacific Railroad books giving
.r.at 70 the Credit Mobier account Of agreement
-, contract The witness said this money advanced
nv the Credit Mobier account Of the Ames contract;
be date OF the entry jan g. 1868 the entire control
fthe Union Pacific Railroad Company was turned over
% The Board Of Trustees Of the Credit MoDilier
Tos Committee adjourned TIL this evening
EVENING SESSION.
A. he evening session the examination Of Oliver
Aues was resumed. In 70 o question asked By
theehairman, the witness said he knew Cakes AInes
hell Credit Mober stock in trust In the Winter Of 1867
90; DO did not know whom it was sold, except from
What he had heard-namely, the members Of Congress
AT the time Cakes Ames took the stock there was great
difficulty IN selling II. He, the witness was led like
lamb 10 the slaughter when he took with reluctance
Al thai time sadIhe thought there parties in Wash
ngton VINO would take stock.
y Wa anything said Of persons classes who would
taks stockt A. Ithink there vas Cakes Ames wanted
20 et good persons interested think he mentioned the
names OF several members Of Congress whom he wished
70 take stock amOng them Cofax. Boutwell,, and Wilson
bat do not distinctly recOIlect other names.
@ Why did Cakes Ames want 70 let members Of Con-
ess have stock Was Il on Of pecuniary aid,
or the influence OF members Of Congress A suppose
be wanted good class Of people in If we did not
expect legislation, because We shad obtained oil we
thought necessary.
= D; was especianysrnoney. then. he after ? A.
Yes VIC always desired TO rs associated with good
men had the idea he did dispose OF the stock in the
way that had lust come ont.
Q Was the stock not worth nearly double its par
value A. II paid by some parties in De
csnber; stock bought at 100.
2 How came 1t that the stock was sold at par when
was worth 100. and had received the dividends
AtAe time arrangements were made that my brother
should have the stock it not much above par; my
rreoeetion a. this al the time the capital stock
was increased.
AG0vERSNENT COMMISSIONER BRIBED
T. Chairman-Have Won knowledge Of any bonds
sior or anv other thing OF value having been gwen
by persons connected eiter with the Credit Mobier
Unon Pacific Railroad Company 90 any officer o. the
Government procuring the acceptance Of the road
or any part thereofi A. heard from Mr. Snyder. the
Superintendent " the road, that he paid Cornelius
Wendell Government Commissioner, $4,000 for accept
ING TIA road this in s66 1867, Wendell having
been appointed Ny President Johnson he was paid IN
money SNYDER said Wendell there and declared
BE- would accept road unless he were paid for
dong SNYDER his vOtiOn and without author
ity rom me- paid the $4,000; when called Snyder TO
account be paid the money under authority OF
Dr. Durant snyder retained the money thus paid out OF
the freight receipts; Wendell making raid IN behalf
ga Washington paper, and what he did was black
mailing operation; at that time putting on the
and locomotives the business required;
snyde- superintendent Of the road pretty much ali
TIE during tue construction OF the road, but Is not
att. present time.
DURING tho examination, the witness said Dr. Durant
vas Vice President OF the Company at the time the
money Wa paid witness did not know, nor had be
heard. OF any other Commissioner having been PAID
knew VI member Of Congress except Gen. Butler hay
ing been paid a. Of the Union Pacific Railroad
Company az tho time Of the conflict between Jim Fisk
and the Company. he paid 500; did not know OF
any Of Congress who rendered service to the
Credit AObier OF 20 its seven trustees.
The Committee adjourned until Monday morning at 10
o'clock
IN MEMORIAM