New-York tribune., 1873-01-07

obtained to cover up anything that might have been
done TO relieve individuals from responsibility j
was never director or manager of the Credit
Mobiler from its organization to the present mo-
ment
| Q. Your connection was simply as a shareholder
! A. Simply as o shareholder.
| Q. How large shareholder were you A. have
held as much as 1000 shares at time l am the
holder in my own name of about $50 shares
Q. These are shares aside from those in dispute
between you and the Company A. Yes, Sir, as
stockhOlder have frequently asked to look at the
books since the organization has been under its pres
ent management, but have never been accorded that
privilege.
Q. When was the management changed A. In
ls67-in May think-Mr Dillon was elected Presi-
dent and he with Mr.. Hogart and Mr.. Alley constl-
tuted the Executive Committee; these are the men
who have the control and who do control with auto
cratic power everything connected with the institu-
ton just what suited Mr. Alleys particular conven-
ience done, and what did not suit him was not
done.
Q. About what time was the suit commenced T.
A. The papers were fled in November, 1868, think,
| and the sut is still pending.
@. What has become of the 375 shares which you
| claim A. Mr. Ames must answer that.
Q. What is your information in reference to it
A. They went into the hands of Mr.. Ames-into the
hands of Oakes Ames trustee and so stood recorded
/ on the books of the Credit Mobilier250 shares at
one time and SO shares, what there was over,
| subsequently.
| O. These shares appear to be assigned on the
books to Oakes Ames as trustee A. Yes, Sir; that
was to distinguish them from his own stock he
was large holder of the stock of the Company
| O. And you understand these 315 shares to be the
shares you claim
| oAKEs AMEs's COMPLETELY.
Now will you state what knowledge you have in
relation to the disposition of these shares, or any OF
| them. by Mr. Ames A. My knowledge is from Mr..
| Ames. orally, and from Mr.. Ames in writing.
| O. Have you the witness yOu refer to 7 A. have
here the original of the letters from him, and have
| photographed copies made Of them do not desire
| TO part with the originals the Committee may ex-
| anime them and compare them with the copies ana
desire the originals be returned TO me; now hand
| to the Committee the original and photographed
copv of letter from Mr. Ames, dated Jan. 25, 1868.
The letter was read and placed III evidence as fol-
lows: rr.a,,,,o,o,- Tan .. ,eee
| H. g. McCoMB esq--DoGr Sir: Yours of the 23d is at
| hand in which you say Senators Bayard and Fowler
have written you in relation TO their stocK' nave
spoken TO Fowler but to Bayard have never been
introduced to Bayard but Will see him soon You say
must not put much In one locality. have assigned
a
from Eew-Hsmpshire; one, Delaware one, Tennessee
onehalf, Ohio; two Pennsylvania one Indiana; one,
| Maine and hare three to place, which shall put
where they will do most good TO here on the
spot and better Judge aehere they should go tmnK
after this dividend is paid should make our capital
s4OOOOOO and distribute the stock where II VIII pro-
tect u.s. Let them have the stock at par and profits
made in the future The 80 per cent increase on the old
stock want for distribution here. and soon Alley is
| opposed to the division Of the bonds, says he viii
need them, &c. &c should think that we ought 10 De
able TO spare them with Alley and Cisco on the Finance
Committee We used to he able TO borrow when we had
no credit and debts pressing are now out of debt
and in good credit What say you about the bond dvi-
dend part Of the purchasers here poor ana want
their sell enable them 10 meet their payment
on the stock in the c. NJ. have told them what they
would get as dividends and they expect, think-when
the bonds parties received the 50 cent dyi-
| dend we better give them the bonds 1t viii not
amount 70 anything with Some of the large holders
will not care whether they have the bonus or certificates
or they will lend their bonds the company as they
have done before, lend them money. tsiGley hae
been here and we have got that one.tonth that was
Underwood's. ! have taken hall, Qmgley quarter,
| and you quarter.
Judge Carter wants part OF IL. At some future day
we are to surrender part to him. Yours truly,
| OAKEs AHEs.
O. In whose handwriting was the original letter.
A. That is in 0akes Ames's handwriting.
O. You are acquainted with his handwriting7 A.
Very well; have seen him write frequently; that's
bis handwriting.
O. You received the letter howl A. received 1t
by mail let me explain that the latter part of that
letter has no reference 10 the Credit MObler mat
ter; that is on a different business entirely; that
refers to the Alexandria Canal Railroad and Bridge
| Company, running between Alexandria and Wash
ington.
@. What other letters have yon' A. The second
letter is dated Jan. 80 1865 hand the Committee
the original with the photographed copy; the letter
! was read, and placed in evidence as follows:
| WASHINGTON Jan. 80 1868.
| HIS McCoNB-Dtqr Sir: Yours Of the 2sth is AZ hand
inclosing copy OF letter from rather TO Mr.. King
do MT fear any investigation here What some Of Du-
rants friends may do NewYork can't be counted On
| with any certainty You do not understand by your
letter what have and to do with my sales of
stock You say TO New York. have placed some
with New-York or have agreed TO- You must remember
that it was nearly all placed as you saw on the list IN
| New-York and there but about or NJ Tor me to
place could not give all they wanted or they might
want out of that You would not want me TO offer less
than one thousand no 10 any We allowed Durant
10 place sbsOO three or four OF HE friends or
keep it himself Ihape used thus where 'oiH produce
| most good 10 Us j Mthk
In view OF Kings letter aud Wsshburns move here,
90 in for making one bond dividend in full We can do
with perfect safety understand the opposition TO
IL comes from Ahey. He is the Finance COMMITTEE
! and can raise money easy If we come short which
dom believe we shall, and II we do we can loan our
bonds 10 the Company loan them the money we get
for the bonds 1he contract calls for the division and
| 7 saw have 10. When shall see you IN Washngtonf
| Yours trnly VAhhs hnhs
| Ps-we stand about like this;
| Ronds first mortgage received on 625 miles, at
Denu Ss 6on ner mil $4,000
Den sIs ssn per '2oooo