Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-02-13
CREDIT MOBILIER.

CREDIT MOBILIER.
restimony OF Hon. ~. b. Allison.
VIM. B. Allison, U. s. Senator elect
from the State of Iowa, having been
duly sworn made the folio wing state
ment:
desire to state my recollection OF
my connection with the Credit Mobil-
ier. Mr.. Amcs and myself had sever
| al conversations, perhaps three or more
concerning the stock. think, Begin
ming early in 1867. He was very large.
| lly.intercsted in Iowa Railways at the
time, and had frequent conversations
with him about general railway mat
ters in Iowa. i said to him, at one
time, in one Of these conversations
that / did not know but l would
take an interest in the Credit Mobilier
| il he was at liberty to sell me the same
| number of shsres / had in what was
originally an authorized branch Of the
u. p. r. r., and afterwards called the
Sioux City b Pacific r. r. in Iowa, he
| ing fifty shares of one hundred dollars
each. Mr.. Ames said to me that if
desired 1.-THE thought there would be
no trouble in getting the stock. The
matter passed along without any more
than casual conversations, until I
should say, the winter and spring of
1868, when he told me he thought he
could let me have either ten or twenty
shares. said to him that would see
further about it. After some time Mr..
Ames sent me ten shares of Credit
Mobilier stock, and ten shares of Un-
ion Pacific stock, with some memsran-
da containing statement showing
that the stock was nearly full paid by
the proceeds of sales OF bonds, which
were accretions upon tho stock. This
statement, think, disclosed small
balance due upon the stock. How
this balance was paid l do not remem-
Der. I received dividends Of 5000 in
June, 1868, in the form of check on
the Sergeant-at-Arms Of the House,
which seems to have been placed to
my credit, with him, on the 25th of
June, and dated juno 20th. About
this time think stated to Mr. Ames
that was not certain whether / would
hold the stock. He said ..Very well,
If you do not wish to hold it you can
return it to me at any time"
Mr.. Amcs seems to have some state.
ment here which / think is not cor
rect in one particular, it may be in
others.
Very little more, if anything, was
said until the winter of 1868, when
returned to Washington. l then said
to Mr.. Ames that | would not take the
stock, and gave my reasons therefor,
which he may recollect or may not
This was when returned to Washing
ton in tho fall session of 1859; at
least when ! saw him on my return
perhaps not the first day or first week
of the session. He said, very well,
that could return it to him. The
matter was not finally adjusted, how
ever, until February, / think, 1865,
when / included what was the differ
ence between the dividend and the
amount unpaid on the stock, when
sent to me, i'm check which drew to
his order in New York, which also in
cluded another matter, aud which was
paid to him. have had converse
tion with Mr.. Ames in relation to this,
that the dividend was included. /
recollect very distinctly that it was SO
intended by me, and think, so stated
to him ct the time; my recollection is
very distinct because in the check
made up to Mr.. Ames all the money
that he had ct any time paid me- At
this time the stock with other papers
was in the city OF New York. offer
ed to give him an order for 1t. He
said that was not necessary as the
stock wss already in his name, and he
could draw the dividends upon 1t with
out reference to whether he had the
certificates in his possession, and that
I could return him the certificates at
my convenience. He has stated to me
that then gave him receipt that /
held the stock for him. That have
forgotten-he may be correct.
From that time forward, have no
recollection of paying any attention,
whatever, to this stock, and did not |
consider that had any interes. in It,
After considerable time I returned the |
original certificates TO Mr.. Amee. |
know / must be right in reference to
the date when it was finally nnder-
u
to do with the shares, and think Mr..
Ames must have so understood il, be- |
cause, although there were frequent
dividends on the stock, Mr.. Ames did |
not notify me or say to me that there |
were such dividends, or make any
further sllEsion to the transaction. and
I never received but one dividend,
which have already referred to, OF
5000. Mr.. Ames has some account
about the stock of which i know moth
ing. l desire to say in addition to this
that having made this adjustment with
Mr.. Ames, I received no profits, and
realized nothing whatever from the
transaction in any manner.
After this follows lengthy ques.
tioning by Mr.. Niblack, Of Ind, and
the answers thereto by Mr.. Allison
as, however, it does not elicit anything
Of note, and ID too lengthy for our
columne, we omit it.
The estate of Horace Greeley 10 like
ly to dwindle down materially from
$500, zoe, ~ at first estimated. The
N. Y. Tribune, says that with the ex-
ception of the six shares Of Tribune
stock, there IL scarcely dollar Of
available money, or productive real
estate, belonging to the estate. Under
the viii OF 1871, which has gone to
probate, after the settlement and pay-
ment of legacies and donations, the
amount left for the daughters will not
be very large.
This is even better than we feared
atthe outset, for it has long been pro-
verbal that Mr.. Greeley was almost
entirely devoid of financial ability In
the sense Of amassing property. The
trouble with him was that his great