, 1873-02-27

|
only contractor Offering to undertake 30 hazard
| GUS venture" as building the Union Pacift
pa;1ro,d AZ esn naf, nil.
| - : 80
oAEre aMrswTraps
Il aonears that Oakea Ames draw taars
| from hia own avaa hv tha e1ooranca =, b;s
speech. - read by thu Clark q, tba Honaa y,
Tnesd.v and rnovaa +h, a7r,,.+b;e. =, ~,
spectators tn an a1.rnioc deoraa- The .,Yact;r.
portion Of his ram.rks related to tbe enormons
r;sk 1e ran in takinc ho1d of The un;on p.c;eo
nailvnv TO wit:
These, then. are nv orcnses--th.t h.ve ,,,.ed
reputation fortune, everything in an enterprise Of in
ca1ealahe oenent 70 mo Government from which the
s,-anoha,, ". xort +,r, -,.h,r ,rdert.la7, ~
Ing the charitable Judgment Of tho public upon its OBJ
s'aeles ano !" eooarrassea condition that I
~ .-;.s -xhas, 49, <usn I,.. ota'ta4 =.
share the advantageous opportunities Of invest
ment; TINT have eept TO truth through good and
.s-v+na no,t.u1 IT, ..,1, .t.. nota TO
offered up - ascrf6ce to appeaae public c1.mor. or
e1p1ate tue ain Of others7 Not until such an Offering
~ orer II MT r,n h.a -. ~ ~ sna
OF sinele victim. shal1 accent III .nd.a appealing
with untalering confidence to the impartial verdict Of
a.ns ~. e.AA ''uN''1e'oa "n4eo :" ID pfop'Seo 70
nrr ar,.z 1,.n,d h:,-o -, H.. ..>
or1.n;..+;a - c-.,;. ,T.,;,:--
,,a,,a ,,-of,ta ,r1,;oh :. z,x,,,,,.o, ,.u.
:.,;a..,-s au....u -. 1:.-,
.rh;ch 10 in,,nn-.+aa =. ou,.- - 80.
Tim on,oon+ ~. IT,. os..
tho a;ro,t roan,+ -, .+~.na ~. .1a,,,o 1890.
,,..osa.ur - ~. .4.,...;... - 49, n.:s.
Road Rafora wa ,,ea arornd h.,d.ar.h;a,.
and ali +.ha a cooa nv y wo,1d In ,xo,, T.,
view tha srioencea ~ eriaf rha neceaa;tr =,
TIA c-aa;t ,roh;1;o~ ,,.s o,o..,n s;ap-.u.ah.. ~.
xoox+ -, A. zu;,.n 1..,ttu 49,,
:. .:,.,
as'oh VI AA7 opoi 20 PtoPei45 7'1eeaa'1eo
BY the Instructions to the Atto1ney-General to
commences arit to recover what has heen fi1ched
<n,
N~N. ''10 ~N0'oo' - '4e Ae$> '>AA AA~1A ~Ae NV
eminent BY Oakes Ame5 and bis pals. As the
whole Credit Mohi1ier turned nnon the laeis1a
4;o H.. ..,;a, H.. .<1u.-z4
"A0A - "AAA~o ''1' "'A' '44'"'o ~ 40
hnqulah 1ts hrst mortgage and subordinate it's
lien to private mortgage. & reyiew of the man.
mar in .,h;c,, - wa. ,h+,;,.a ,,,., d;sn,o..
"o7 @a4v oes7o
"hether oakes Anes and the Credit Mobllier
were necessary to the road for anv other pur-
pose than recurring enormous profits from the
construction of the road.
The Credit Mobilfor had for its hasa of onora-
tions the bill which was concocted in the gum
uer and fal1 of 1868. entitled "An net to amend
m sct to aid in the construction Of T. railroad
line from the Missouri River 10 the Pacific
Ocean and to secura To- the Government the nea
ot the same for nost.1 military and othar nnr.
poses." the original act having been apnrored
July l, 1862. Tho section Of the bill upon which
tho conspirators mainly relied to carry out thoir
operations was tho tenth, which is AZ follows:
Sec 10. And bo it further enacted, that Sec. OF
sad act DO 80 moa1hod and amended that the Union
ro1,r,n~ md NV nthsr .ntha.t..d ~
cipate In tho construction Of said road, may Issue
heir bonds On their respective lsiroad
,ornt - tte ,nd. ~ ts 1In,tc, st,te. .ntha,1.ad
% be issued to said railroad companies respectively.
Ind the Len OF tho United States BONDS shall oe aubo
n.nts. harshv snthortza, to he t.snsa ~ tbet
'pectve roads, property, and equipments. And said
'ectton Is further amended oy striking ont the word
MI, .nd ars-v sectton 7f mt ,.s. tha, t.-sntv,,
Tba firth section o9 the ORIGINAL act which waa
Inns amended provided Yor the renayment or
he Government bonds issued to the COMPANY
md made the issue and delivery of them to tho
,onnanv a first MORTGAGE upon tho road te1e-
1nph, and ro1linr-stock, the bonds without
eckonin9 interest. amounting to a27, 900. 600.
n addition to this. the fifth section nroyided
hat the bonds could not be issued until forty
onsecutive mi1es Of the road Ind been fn1lv
ompleted and eou ppea. The amendment.
harafors 1aft +ha C+ovornrent with ita ,;ah;1;+r
= a75 nm. ooo. princ,na1 and interest. without
nv nr;or ,an for .ccnritv and a,1owaa +be
,onna,v Il, ra;ao ,nonav m tha ,oaana tba 1ov.
rnment had furnished. giving frat nortcapa
or security thus obueinp the United States to
I