Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1873-02-26

70 buiu lhe thiou Eaeiac roaos ANU
thought they would make money out Of il,
and that il would be gDrd thing; ihst
he would guarantee that be should get 10
per cent. Oh hi. money, aud that at any
time Mr. Dawes did not'want the stock,
he would pay back his money, with 10
per cent interest. Mr. Dawes made some
further inquiry in relation to the stock Of
Mr. John b. Alley. who said he thought it
was good stock but not as good as Mr.
Ames thought, but that MIR Ames's guar
sntec would make it a perfect
lr safe investment. Mr. Dawes
thereupou concluded to purchase 0 shares,
and oil the llth Of January he paid Mr.
Ames $500. and, in few days thereaf.
ter, the balance Of the price of stock at
par and interest from the July previous.
In June, 1868, Mr. Ames received div
idend of go per cent in money on his stock,
and, Of it, paid to Mr. Dawes s4O0, and
applied the balance of 5000 upon aceounts
between then, This s400 was all that
was paid over to Mr. Dawes as dividend
upon this stock At some time prior to
December, 1868, Mr. Dawes was informed
that a suit had boon commenced in the
courts Of Pennsylvania by the former own
ers of the charter Of the Credit Mobilicr,
claiming that those then claiming and us
ing it had no right TO do so. Mr. Dawes
thereupon informed Mr. Ames that, as
there was litigation about the matter, he
did not desire to keep the stock. On the
9th of December. 1868. Mr. Ames and
MIR Dawes had settlement of these mat.
ters, in which Mr. Dawes was allowed for
the money he paid for the stock with
10 per cent interest upon it, and account
ed to Mr. Ames for the S400 he had re.
ccivcd us dividend. Mr. Dawes received
no other benefit under the contract THAI
the 10 per cent upon his money, and ni.
ter the settlement had no further interest
in the stock.
scoFIELD. BINGHAM, KELLEY AND GARFIELD
The evidence in the case of Mr. ScoGelc
is rohearsed also, showing that Mr. SEQ
field gave up his Credit Mobilier stock
but retained $1,000 in Union Pacific
bonds the precise terms of the settlement
arc unknown from the lack of data, bu
since the settlement Mr. Sco6eld has haC
no interest IN Credit Mobilier.
Mr. Bingham had 80 shares, which h
returned to Ames, and which the latte
settled with the former for; there is n,
: record of the amount of the dividends re
D ceived by Mr.. Bingham.
Mr.. Kelley had 10 shares Of Credi
; Mobilier, upon the solicitation Of Ames
:. the latter carrying it for Mr. Kelley unit
the dividends paid for it. On the 22d o
June, 1868, Mr.. Kelley received s32'
from Ames in check on the Sergeant.a AT
arms, but the subsequent dividends wer
paid in Union Pacific stock or bonds. L
September. 1868, MIR Kelley receive
$3.50 from Ancs. which was understood
: 10 be dividends, but there has never bee
any adjustment Of the matter, and ther
= is an entire varience in the testimony Q
) both as to what the transaction was. Sui
: sequent Conversations between them ar
: in the evidence, but the committee do nc
: deem tEem material. ..
Relative to Mr.. Garfield, the hecommitsc
find the same facts as in Mr.. Kelley
; case.
i THE MEASURE OF THEIR oFFENsE.
The committee state thatit appears th'
l. Ames did not give any detail Of the rcli
e tiops between the Credit Mobilier an
g Union Pacific companies, nor did any {
% the parties know that dividends would b
r. paid in stock or dividends Of the latter.
The committee further say the Cred
Mobilier was o state corporation, not sui
St ject to congressional legislation, and III
u fact that its profits were all from buildir
u the Union Pacific railroad did not appa
emily create such an interest in that con
!" pany as to disqualify the hol Ter of Cred
70 Mobilier stock from participating in an
= legislation affecting the railroad compan
: Mr.. Ames assured congressman when que
toned on the subject, thai their owne
ship Of stock would not Interfere with the
't legislative duties. The committee do N
therefore fad in regard to the congres
men above named, that they were AVA
r, OF Ame's object. or that they had any OF
in er purI ose than profitable investment
II The committee, in referring 10 the appa
% ont readiness Of Ames to take back Cred
lr Mobllier stock. state that the suit Of n
q. Comb against Amcssif il should be d
ID cided against Aines, might compel the Ia
;e Ter to refund such stock as was assignt
l. him as trastee. None Of the congressm'