Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-01-16

more impropriety in a member Of Congress
buying the stock than in buying a flock OF
WOODEN goods. He borrowed $1,000 from Mr.
Ames at one time, but there nothing in
connection with that which referred 20 credit
mobilier.
Investigates No. Q.
Mr.. Wilson'S special committee. after recess
yesterday, resumed the examination OF Crane az
half-past q who testified: On January %, 1851 !,
the capital stock Of the credit mobilier was in
distributed TO the parties already interested; the
dividend Of II per cent for two years Was de-
clared December p. 1858. and this dividend was
on the increased capital of So 10000.
Mr.. Swann.-What pressing necessity vas
there Tor an increase Of stock?
Answer.-To raise money to construct the
road, and not to declare dividends.
Cornelius =. Bushnell, Of New Haven, being
sworn, gave an account OF his connection with
the Union Pacific railroad, having procured the
first 5000 600 for building the road, and also a
ment to its completion. The company, he said
expected such an increase Of business this wear
as to enable ii TO meet all legal obligations.
The witness was asked whether any Senator or
Representative had heed elected with the aid of
funds from the Union Pacific or credit mobilicr
TO which he replied as to himself he had ALWAYS
literally subscribed for general political pur-
poses and his impression was that in one instance
he contributed 5000 TO Senator Thayer, which
money was drawn by adraft on him: he thought
this was in the Nebraska state election OF 1870,
Thayer was a friend of witness, AMI i'm giving
the money he thought IL might aid in securing
Thayer's election; witness did not remember of
ever having made any other contribution for
anybody in similar case; witness was surprised
that while gentlemen should be willing TO take
the stock at "a, they had not the moral courage
to say they did 50 when II was worth from BOO b
800 per cent.
Thomas c. DUrcnf, being sworn, was interro-
gated regarding matters connected with the
construction Of the Union Pacific railroad The
examination was elaborate and inmate.
TO-DAY.
The committee met again this morning, when
the examination OF DIR. Thomas q. Durant was
resumed. Witness read a resolution adopted
in 1861 by the board Of directors Of the
Union Pacific railroad extending the Hoxie
contract 305 miles west OF Omaha, and ordering
for IS miles of road i'm addition to the 2f7 under
the Hoxie contract, at SJ0,0o0 per mile. Witness
was away at the time, but on his return OBJ
tanned an injunction from Judge Barnard re-
straining the directors from carrying out their
resolution, and the latter was subsequently
rescinded. He, witness, was president Of the
credit mobilier when the injunction referred to
was put upon the road. The board at a later
date expunged his protest from their books.
III this resolution had been carried into effect the
difference between 81 800 and S50,o00 would
have gone into the credit mobilier. The
Boomer contract was at the rate Of 81 800 per
mile. Mr.. Durant then read the contract of j.
NJ. s. Williams, made March, 1863, to build ..
miles of road from the Tooth meridian TO the base
Oi Rocky MOuntal1>, AT S1Z,pp per mile Tor
the first loo miles, and si5 600 per mile for the
remainder of the distance, Williams agreeing 20
subscribe for stock of the road to the amount Of
Al 500 900. This contract was never executed
for the reason that he, witness, protested and
got an injunction restraining the directors from
contracting on the ground that portion of the
road embraced in the contract was already com
pleted, and that there were no provisions made
for the speedy completion Of the contract.
Much Of the time of the committee was spent
this morning in examining the books OF the
Union Pacific railroad company and DIR. Durant
was engaged i'm furnishing the names and on
GERS Of that company, their terms Of service,
s c., when our report closed.