Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1873-03-06
The Credit MObilier.

The report of the Poland Credit Mobilier
Committee was submitted to the House on the
18th of February. 1t recites the facts in the
cases of Messrs Blaine, Dawes, Scofield,
Bingham and Kelley, and states that they were
not aware of Ames' purpose in inveigling
them into the investments in Credit Mobilier
stock, or Of the means in which it's profits were
drawn at the expense OF the Government from
the Union Pacific railroad. They are net proved
to have been influenced in their Legislative
action by their possession of stock, and the
committee find nothing in their conduct which
calls for recommendation. Mr.. Brooks case
is very different. He was not only member
of Congress, but Government Director. I'm
like his colleagues, he knew what relations the
Credit Mobilier held to the Union Pacific, and
what were the frauds which begotits profits. Al
though intrusted with the duty of guarding
the Government, he let it be plundered, and
shared in the booty. The $50 shares standing
in his son-in-laws name were his property
and held subject to his control. The commit
tee believe the course of Ames to have been
corrupt throughout. They recommend that
Ames and Brooks be expelled. The following
is the concluding portion of the report The
duty devolved upon the committee has been of
a most painful and delicate character. They
have performed it to the best of their ability.
They have proceeded with the greatest care
and deliberation, for, while they desired to do
their full duty to the House and country, they
were most anxious not to do injustice to any
man. In forming these conclusions they have
intended to be entirely cool and dispassionate,
not to allow themselves to be swerved by any
popular favor on one hand OF any feeling of
popular favor and sympathy on the other.
The committee submit to the House and
recommend the adoption of the following
resolutions
! l. WHEREAS, Mr.. Cakes Ames a Represent
alive in this House from the State of Massa-
chusetts, has been guilty of selling to men,
| bers of Congress shares of stock in the Credit
Mobilier of America for prices much below the
value of such stock, with intent thereby to in
fiuence the votes and decisions of such mem
! bers in matters to be brought before Congress
| for action therefore,
ResolUed, That Cakes Ames be, and is here
by, expelled from his seat as a member of
| this House.
| II. WHEREAS, Mr. James Brooks. Repre-
sentative in this House from the State of New
York did procure the Credit Mobilier Com
| pany to issue and deliver to Mr.. Charles H.
Nelson, for the use and benefit of said Brooks,
/ fifty shares of stock of said company at price
much below its real value, well knowing that
the same was issued and delivered with the in
| tent to influence the vote and decision of said
| Brooks, as a member of the House. on matters
to be brought before Congress for action, and
also to influence the action of said Brooks as
| Government Director in the Union Pacific
Railroad Company therefore,
ResolUed, That Mr.. James Brooks be, and if
norecy, expelled from his Seat as member Ol
this House.
The Wilson Credit Mobilier Committee made
| their report to the House on the goth of Feb
ruary. The Union Pacific railroad, they say
cost $50, 900, 900. Its builders received in casl
value not less than S23 900, Goo, or As per cent
of the cost. In the opinion of the committee
the company had no right, as against either its
creditors or the minority of its stockholders
to distribute any portion of its capital as divi
dends. Still more uni ustifable was it t.
squander in dividends money borrowed of the
Government, first mortgage bonds
There is no evidence of mismanagement by tn,
present directors of the road, and the commit
tee see no way in which those who hold stool
which they have bought in good faith can b.
disturbed. The report closes with bill direct
ing the Attorney General to begin suit imnne
diately for the protection of the interests O
the Government in the road, and the recover,
of the sums of which both the road and tn
Government have been plundered Mr.. Swami
of Maryland, agrees with the committee, so ia
as they go, but thinks they fall short of thei
duty in not making recommendations for tn
treatment of the Congressman who had deal
ings with Cakes Ames.