Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-01-15


longing 20 credit moo.iicr being used TO in.i,
enSe members of Congress.
BY MT, brooss:-First lad business transar-
l tons with Mr.. Brooks IN 1896 or 1867. Mr.
Brooks made graf effort 10 get the credit mo-
bilier stock taken In New York, but no one toUk
| IL, on the ground that the enterprise was too
distant, and out am.lag the savagcs. Mr.. Brooks
| might have had $50. 600 I'm credit mobilirr in
| 1856 il he had wanted e. Regarded L as pa;ri-
otto i'm MIR. Brooks "a spend his time in efforts 20
| build the Pacific ROAD. Government surveys
re OF no use i'm building the roal Nh. Erool. $
created a favorable impression Tor the stock.
although he was Lot able 10 have it pat upoR
the market.
SENATOR pARl.x's ELECTION
Question by MIR. Nihlack State whether the
Cnioa Pacifr or men connected with that enter
prise were not called upon assist ina the soma
torial election i'm 1861 in Iowa
| A. 10 rot recoilcct. did assist mysslf I
had large interest in Iowa myself, and during
the canvass assisted.
q. II has been stated to me that YOU gave a
check fer slo,oa to assist In That election?
A. did not. ] gave two checks for $500
each. ILaughtcrl
@. Can you explain the history Of these
checks, and for what purpose were they gwen /.
A. For the purpose OF securing the election.
q. Whose election?
A. Harlan's. [sensaton.l For the purpose
Of securing the influence OF some newspapers
don't know howit was applied. Moses n. Grin
nell, believe, subscribed 5000 to the general
republican committee tai secure the election OF
paid il.
By MIR. Nniaek:--Nr Harlan was an old per.
sonai offend, and witness thought he would TAX
care or the interests OF the road. Never made
any effort TO get Senator Carpeaser 10 take an
interest i'm the road.
VOLUNTARY WITNESS.
c. y. Bu shReu was sworn. and stated that he
came voluntarily without summons. Ne ties; :
fled that he was trustee under the oakes
Ames contract. After the road had been buiit
10 the 1o0th meridian the credit Inobilier was
between three and four millions OF dollars a
debt. When the increase of stock was made,
witness placed about s2sa,0e worth OF that
stock in the market. Mr.. Ames was also max
ing strenuous efforts to get the stock on the
mar het IL was finally decided TO sell the bonds
which they had on hand Witness was ap-
poinsed TO sell the bonds, and in five or . <
months $4,000 ,o0g worth of bonds were sold.
When credit mob!licr got ashore Mr.. Ames went
to his friends in Congress and ont Of Congress
l 20 get them 10 take stock, and an men who dil
take stock should be proud OF IL. Witness hal
letter from prominent bank where the credit
/ mobiEer stock was thrown ont as the hank
would have nothing 10 DO with IL because they
THOUGHT THERE WAS FRAUD AND coRRUP-
| TON.
lie thought great wrong was being done BIZ
this investigation. There was want OF moral
courage on the part of certain men who did
agree 10 take the stock, but now would not
stand Gp and say they agreed to take il. Never
e oek 10 atn Ams eas mention Ham, nayng Offered The
Garfield, Bingham or Senator Wilson. Witness
never offered it to any member of Congress
were ashamed of having taken hold and helped
them through az the beginning. Did not think
other men should be now.
By Mr.. McCTeary:-witness holds si0s eon
worth OF credit mobilier stock, and could no.
use it now on account Of this invest CATION
Thought member OF Congress having stock In
the credit mobllieT had perfect right TO vote
on Pacific railroad matters. Saw no more i'm
fropriety IN !; than one owning national bank
stock.
BY Judge Poiand:-It was the understanding
that Mr.. Ames got the large amount OF stock ca
enable him 20 fulfill engagements which he had
entered into previously. He felt a. Mr.. Ames
had expressed it in of his letters that if they
went back on Congressman after the stock had
gone up. when il had been promised them whcn
It was down, Congressman would 60 back on
them. Laughter.
At five minutes past twelve O'Clock the com
mittee adjourned until to- morrow morning at 10
O'Clock.
Investigation Ne. 2.
The wilson House special committee met las'
night. Among those present were McCom5
Ames and Alley.
b. f. Han, sworn.-Rnows OF the credit mo-
biiier organization. of which he is assistant sec
Rotary and treasurer, also a dincctoT; he pro-
dueed the act OF incorporation, which was put
ia evidence; knew Of only one amendment 60
the act; ihe corporation was organized Nav -.
lstS; the original stockholders and amount OF
stock Subscribed were; Charles NJ. Han 2,io5
shares, X. w. Barnes 9, 49, shares; there were
5. 500 shares of credit mobilier, capital 81
50,0e, all paid in cash, dollar for dollar WIT
ness was requested TO furnish full list OF stock
holders. He was further examined a. TO the or
ganization OF the corporation. Only one divi-
dend had been declared by the credit mobilier.
which Was in December. 1861; it was per cent
for each OF the years 1sG6 anA1S.1; i'm leos when
the capital stock was increased, the stock could
be bought for 80 cents, htt after the making OF
cakes Ames' contract the stock Was considered
worth go or 800 per cent. On cross-examina-
ton, witness said lac would be able TO exhibit
Al the books, showing the transactions, eNcept
those relating to the transfer OF stock, but this
deficiency he could make up from the books OF
debit and credit of stockholders. He had no idea
the transfer books were distracted for any pur-
pose. his opinion was they were mislaid. Wit
ness was examined at length with reference Ia
the Union Pacific railroad company i'm its rela-
tons with the credit mo5ilier.
Oakes Ames was examined as to the cost OF
the mon Pacific railroad, saying. among other
things that the profits were about - .OOo,ooo on
the expenditure OF Ste,o00, 900 for building and
eQuipping the road.
TO- DAYS SESSION.
The committee reasSembled about half past
eleven this morning.
Mr.. Henry G. Crane was the first witness
sworn. In the main his testimony was similar
few days since. He could not give the names of
the ON GERS OF the Union Pacific railroad at the
time OF the formation of the credit mobiier
comps, but thought Mr.. Durant was one. He
believed the printed exhibit before the commit
tee contains full list of the st0c kheders OF the
credit mobiier, and show the amonnt OF stock
they held in the Union Pacific railroad as well
as the credit mobiiier; also the amount Of divi-
dends paid. The husband OF Anna NJ. Dodge
was chief engineer Of the Onion Pacific railroad.
Don't know how much the construction of the
Union Pacific railroad cost the COMPANY:
neither does he know what the expenditures OF
the trustees OF the Ames' contract were
from the memorial of the credit mobilier
to New York i'm May, IeSii witness was assistant
secretary OF the board of trustees of the Ames
contract, and subsequently was made secretary.
The payments made By the Union Pacific rafi-
road 10 the trustees of the Ames contract were
in cash. The trustees in Union bought FOR cash
first mortgage bonds OF the Union Pacific rail-
road and distributed the bonds a. allotments or
dividends. After the Office OF the Union Pacific
railroad was removed to Boston the Office of the
trustees Of the Ames contract also moved 10 the
same place, and he (witness) having his main
business interests in New York city did not fol-
low them, and therefore cannot say what the
net profits on the contracts referred TO were
He could not tell whether the dividends made
by the trustees represented the profits made on
the contracts or not, but knew that the trustees
had no other source of revenue. The dividends
on the Ames contract, he thought, aggregated
545 per cent. The committee then adjourned
until O'Clock D. m. m
Old EPisee On HIS Way "Across the
COAtimeut.s
OMAHA, Jan. 15.-The horse distcmper made
hs appearance Yesterday as far west rs Rawiins,
IN Wyoming TeFTifOry raruinv varr soriat,S