The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-01-15


| as stakeholder. The company recognized no
one except the name on the book.
| Witness here produced letter book and tes-
tilted that it was the only ole the company
eyer had There was nothing ~ Na u reatnf h 10
names of neither Dawes, Garheld, Scoheld, or
Kelley appeared on the books. Gould not ex-
plain how it was that stock had been made out
IN the name of Wilson before he PAID Tor IT,
| Nelson had nothing to with issuing fifty shares
additional except to sign the certificate. Wit
ness nag no positive knowledge as to why the
| Credit Mobllier was abandoned and the Ames
contract entered into. Durant could give the
Question. by Mr.. McCreany-Do YOUR books
show that any members of Congress were inter
| ested in the Credit Mobilier?
| AnS.-Yes sir.
Ques-Who were they?
Ans.-Samue Hooper, Mr. Bayer of Penn.
Mr.. Grimes and Mr.. Alley. They were the
original subscribers.
Ques.-Have you any knowledge of their
holding stock which stood in the name of Cakes
| Ames?
| Ans.-No, sir.
| At one time the Credit Mobiler was pushed
around the country to get it out Of the hands of
Jim Fisk, and during that time many of the
papers were lost. The stock at first stood
| ninety cents from January to May, 1867. Don't
remember what the price was in December,
1867, or January. 1868, it was considered very
valuable then Witness thought it was at 5000
or $3.50 at least then. The dividends on the
Union Pacific railroad have gone down since
then.
By Judge Black-Knew nothing about any
shares set apart to be distributed at Washing
ton among members of Congress or elsewhere
Ames paid for the shares in his name as trus-
tee. He took shares at different times paying
for them as he took them. He usually gave his
personal check on Boston banks for the money
for shares. Crane can explain the profits of
Ames' contract. Witness had nothing to do
with the fifty shares. They were not transfer
red by Durant to Mr.. Nelson. 1t was new
subscription to new stock. The books were
taken to Philadelphia at one time to avoid ju-
dlcial proceedings in New York. Oliver Ames
was larger stakeholder than Cakes Ames
Durant was also larger stakeholder The
Credit Mobilier bought bonds which they gave
as dividends from the Union Pacific Railroad
Co., at s. cents and paid for them out of the
money which they received from new subscrp-
tions. No officer of the company has right to
put up stock for sales. Witness might have
received special instructions from the officers of
the company. Alley had good deal of inhu-
ence among the stockholders. Did not see AL
icy looking over the books; frequently he took
a lively interest in the Credit Mobilier The
Credit Mobilier was never engaged in any other
business except that which it is now trying to
do, dissolve its corporate capacity and surren-
der its charter. Heard nothing of any agree
ment by which the shares held by Nelson were
to be for the benefit of Brooks. Many papers
and books were lost at the time of the first suit
They were removed from the office by Dillon
part went travelling to avoid letting people
see them who had no interest in them.
Q.-Had not the court ordered them?
A.-No, sir; they were out of the jurisdiction
of the State. Uaughter).
Q.-Are not those books still flying from
the same pursuit?
A.-No, sir; Mr.. Fisk is dead.
Q.-Yes, but the general public has an inter.
est in this matter still?
A TIA baG rst III Ia,.,- Al -s..lI.
lively interest in this matter; it is only few
newspapers.
Q.-Do you know what has become of the
stock transfer book?
A.-No, sir; it has disappeared
Q.-Where has it disappeared to?
Al don't know.
Odd you not destroy it?
A. No, sir, did not.
Witness further testified that he never kept
blotter, and iD answer to question of Judge
Poland said he supposed somebody had signed
paper authorizing the issue of fifty shares adj
dtional to Nelson.
By Mr.. Aley-At the time the increase
i'll the capital stock was made many stockhold
ers declined to take it. Did not remember that
any OF the stockholders were refused sight at
the books of the company The books were
taken away on account of the Fisk suit and not
to keep the books away from stockholders
By Judge Poland-Has no information or
belief as to where the missing books are; can
give no clue as to where they may be; did not
remember IF seeing Alleys name on the paper
authorizing the so shares additional to Nell
son.
By Judge Black-Did not remember what
was said in answer to the summons to produce
the books in the Pennsylvania suit; may have
said books were in daily use.
BY Judge Merrick-Alley, Hazard aud Dill
lon were the principal managers of the Credit
Mobilier.
H. c. Crane was sworn-Reside in Yonkers,
n. Y. was director of the Union Pacific Rail-
road Company short time, while being built;
owned stock in the Credit Mobilier was assist
ant treasurer of the company.
Q.-Do you know anything Of the transfer
stock to Nelson.
Ayes Sir.
Q.-WEat is it?
A.-On the Oath of December 1867, James
Brooks paid me $1,000 by check and gave me
his draft for $4,000, for which transferred to
Charles Fl. Nelson at the request of Mr..
Brooks, 100 shares of the Credit Moblier and
200 shares of the Pacific Railroad stock. be-
lieve delivered TO him the same day five first
mortgage bonds of the Union Pacific Railroad
stock, which was Dnrant's; l know nothing
about the negotiation for the purchase of that
stock, never having heard any conversation
about it
Q.-Why did you deliver to him the first
bones?
Any memoranda says it was credit on
Credit Moblier.
Csc for this $4,000 the company parted
Will one uuuuTeu Oh ltS own SnareS, TWO nun
dred Union Pacific Railroad shares and five
first mortgage bonds?
A.-No Sir; Mr. Durant did; the company
had nothing to do with it; do not think Nelson
was present when the transaction with Brooks
took place; he (Neilson) subsequently called
and gotta certificate of the stock; am positive
the money was paid by Brooks; first mortgage
bonds then were worth s. cents.
Q-What was the profits realized by Brooks?
Al do not know sir; thought he had made
adn.1 hat
duced Durant to make the transfer to Brooks
or Nelson; there were several dividends on the
Credit Mobilier stock; the five first mortgage
bonds for $1,000 each were worth s. cents; did
not remember what tho 100 shares of Credit
Mobilier were worth then the 200 shares of I'm
ion Pacific stock were worth so cents on dol
lar ae least; know nothing of relations between
Durant and Nelson.
BY Mr. Smithers-The draft given by Brooks
was paid the goth of January following.
Question by Mr.. Brooks-Do you know what
amount of money I loaned Dr. Durant Oct.
| 10Th, 1867?
| at 10 per cent; on January Both you loaned
him $40 600 at 10 per cent. ;al was paid in 1867
| witness was sure that $4,000 was paid for the
| Credit Mobilier stock.
| Q.-Was It not on account of loan to Du-
| rant?
| A.-No, Sir, I swear positively it was for
stock; made the entries for myself; witness
paid all the dividends on Cakes Ames' con-
tract; all the transactions on dividends on Cred
| it Mobilier were with Mr.. Nelson.
MIR. Crane then produced and read copy of
| the transaction with Mr. Brooks, taken from
| his books.
Congressman Garfield made a statement be-
fore the Committee recounting that G. f. Train
| first asked him to take stock in the Credit
! Mobiler which he said was a corporation to Sc :
cure available real estate along the line of the
! the Pacific railroad. He was referred to Ames
but the result was that he never bought OF had
given to him dollar of the stock.
| 40 Do, H.. II.lo