, 1873-01-26

| Credit MobilieT stock. I mado mp statemen
| showing tho balance due him, and gave him
| check Tor $500 due him. After that lie paid III
back the money with interest. prefer that 30
alone.
Question-At What time vas the contrac
made between you and Logan?
Auswer-I think in December, 1867.
Questiou-He paid no nloncy?
Answar-No, sir; only tho 23329, and that h
returned to me, with irtercst.
Questionable paid you nothing at the time 0
making the contract?
J. Answer-No.
Question--You received lis bond with hi
stock sold to them?
Answer-Yes.
Question-And afterwards [tAe money divi
dends?
Answer-Ycs.
Question-And after dcduc5ing the amour
due you, ho kept tho balance Of tho $50 To-
him?
AnAwcr-yos. / remember that tho same rs
do all tho rest.
Question-Did Logan erer receive anything
more2 ....
Ansrer-No; sir. He paid me back the $500,
with interest. 1 think tho interest amounted to
50 or So. can't remember dates or amounts
exactly, but much prefer that you will call
Logan.
Question What was said about resembling the
contract when the ''money WAS refunded by
him? >"
Answer-1 don't know what WAS in his mind
at the time.
Qucstion-When ho paid you back the ss29,
was it the understanding that the stock re-
mainod as yours?
Au6wer-ics.
Qucstioa-So Logan made nothing2
Answor-No, only lo had lis nalno carried by
the check for 1920.
Que3tion-I:ha. is au there is in this transac-
ton?
Answer-Yes. :
The witness, on interrogation by Merrick, said
gan to him in a general way. There were n
grent many pooplo who thought it was going to
bo q profitable enterprise; thought ho promised
in the latter part OF October, 1867, to let some
Of these have stock. Tho stock assigned to him
by tho Company was to carry ont engasements
previously made. He thought lo had promised
some gentlemen in Congress stock prior to
December, 1867, ~ lie had been trying to get
these persons interested in the Union Pacific
Road and the Credit Mobilior. He l,ad sacrificed
some Of his own stock in order to fulfil engage
ments he had previously made. When ho found
lie could get more ctock from Company to fulfil
thoae engagements LIE did 60. Gould not re-
member If he had any conversation with Colfax
in reference to letting him have Credit Mobilicr
stock prior to December, 1857; did not think lie
son said he had spoken to Witness previously,
but witness could not remember; thought he
had conversation with Bingham and Scofield;
did not remember as to lessrs. Garfield and
Kelley.
Judge Poland-I understand, ,Ir. Ames you
have some further papers which passed between
yourself and Patterson.
Answer-1 hnre. Ames then read the follow
ing receipts:
WASHINGTON, Jan. o. 1888.
Received Of Cakes Aros eighteen hundred dclnr5 On
recount OF dividends received by him AZ Trustee on
tne stock held for my account. (5lGAea} -
Question-You saw him sign it?
Answcr-I wrote tho receipt and he signed.
Ames then read the following:
"Bos1oE, May G. 1s71.-Receiyed CT Oakes Aucs two
hundred sharca Of Union Pacific Railroad stock, and
even hundred and aftysevcn dollars and tuonty
:nnts in cash account Of Credit h1cbiher stock.
There Is still due on the transaction thirty ehares Of
took in tho Credit oO!ler Of America, and two thou
and dollars in income bonds OF the Union Pacific
Railway.
(slgucE1 ~. ". PATERSON"
Witness said this paper was in his handwriting,
7nt Patterson signed it in lis preGcnce. The
Il 800 was check given Patteraon On tho Scr
,eant~at-arms the other is On the innl settle
mont. The witness here handed in o letter
written to him BY Patterson. LIE received Sow
,ra1 others which he destroyed. This letter Was
written siuco this investigation commenced, Flo
Santed me to mako my testimony conform to it.
had lots OF conversations with Patterson.
The letter was road, as follows:
WARRINGTON, Jan. 4, 1873.
III DEan sm: The facts in regard TO TIC Credit
don!lter, SO far as had any CONNECTION with It, were
% fol1oN.s
You - came .s to ne me ono , aay knGTing mo, 4 that It,
s ;ou ha!s srg ianes o ved II sto IN
ha Credit Mobier, which, think, will be prodtn-
e investment and viii BE- good thing for 3ou:p
Sle could properly invest IN. aad d. out Of vi Ihieh
ould make so1ne money would 10 glad to take It
ut that had no. the money that time, and must
resumed could have it Inter, hen ii might he con
As thu. tine did not
ress in respect to tho road You never did,
1cept when It wa forced upon You
ou may have had the impression ,tha: should |
Ike stock ting, but foI reason other,
erhaps for want Of funds, never took any Of the
ould not, did not hnra its dividends. II pressed
know il purchased at any time any honda or stock
The Io.d, you ean SOY did 1T tic tine they at-
'as depressed, and paid you tie full n.arhot yaue
Or it. paid yca in money for stock and bonds.
sell Is coon M as it should 60 p reasonably in tle
anrkct, which he did. saw sIorten on my way
lroagh. ue said ho had never held any stock in
ave his brought into tho examination, IL 1t
ora be sl a;ois nai gGing 70 oho w zee yo
t:eaacn. before the Committee. It must not be
orted MS It nov etandH. Te-y truly, ETC,
, : J. n. PATTERSON.
Qucstion-By Judge A1er,icis-Haye you re-
reshed your memory as to ell the members Of
ongreas whom you let hare stock?
A.-ios, sir. There are none additional, e1-
ept Logan. The reason that I did not mention
in before is that ho is aot a member of the
ousc.
By hscCrary-Did Logan giyo you any reason
n retaining the money!
AL don't think he did. Amos said, II want
cay further to tho Committee, that have
'en astnd why held this stock and why did
ot give it to the members themselves" The
ason was TINT the Gre9il Iobilicr stock itself
~ not entitled to dividerds, He said tho
ock vsa held by him in trust, he having signed
contract n1sking himself personally reapons;~'
Q: and he YES the only one who could draw
videnda.
Judge Poland said he had asked alr. Steven
n, who introduced tho resolution In the House !
ur days ago, rs to certain other ronds to to s1s-
stigcted. and had been informed that lie should
|estion Ames, as lie knew something about
EN-.
A1nes--Are you going to investigate mo again7
JGdgo Poland made . remark about tho con-