Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-01-15

lau no Interest IN tlem, DQG tlGY were no
travelling now, as Jim Fisk is dead. Ham
denied that the public had any interest ir
this matter. 1t is only few newspapers
Question-Do you know what has be
come Of the stock transfer book?
ADswer-No sir; it has disappeared.
Question--Where has it disappeared to:
Answer-I don't know.
Question-Did you not destroy it?
Answer--No sir, l did not.
Witness further testified that he never
kept ablotter, and in answer to question
of Judge Poland, said he supposed some
body had signed paper authorizing the is
sue Of fifty shares additional to Nelson.
By Aley--At the time the increase
in the capital stock was made, many of the
stockholders declined to take it. Did not
remember of any stockholders being re-
fused TO see books of the company. The
books were taken away on account of the
Fisk suit and not to keep the books away
from the stockholders.
By Mr.. Poland-Has no information or
belief as to where the missing books are.
Car. give no clue as to where they may
be. Did not remember of seeing Mr.. Al
ley's name on the payer authorizing the is
sue of 80 shares additional to Mr.. Nelson.
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 the books were in
daily use.
81. G. Crane, Assistant Treasurer of the
Credit Mobilier and Pacific Railroad tes-
titled:
James Brooks, on December 24th, 1857,
paid him $4,000, for which he transferred
to G. Ii. Nelson, at Brooks's request, 100
shares cf Credit Mobilier, 200 shares of Pa
cifc Railroad stock, and the same day de-
livered TO him five first mortgage bonds
Pacific Railroad bonds. Know nothing
about the negotiations for it. 1t was Du-
rants stock, not the cOmpsny's. Did not
know the amount of profit realized by
Brooks, but thought it very good trade.
There were several dividends on the Credit
Mobiiier stock. Loaned Durant $25, 600 on
the 10Th of October, 1867, and on the Both
January loaned him $4,000, both at ten
per cent, and another loan at eleven per
cent. All were paid in 1859. 250 shares Of
the Credit Mobilier were sold to Alley at
100 when it was worth 5000. Witness
swore that Brooks's 10000 was paid for
Credit Mobilier stock, and not on account
of the loan to Durant, having made the
entries himself.
Que.tion-Were the five bonds part of
the delivery for the ten thousand dollars?
Answer-Yes, sir. took a copy from
my book and l will read it to you if you
wantto hear it.
Mr.. Poland-Suppose you produce that
Witness did so and read as follows:
"Dec. "a, 1867. Stock account of Credit
Mobilier of America. Transferred to Jas.
Brooks son-in.law one hundred shares of
stock at par with the five bonds of the
Union Pacific Company and two hundred
shares Of Union Pacific stock as the earn
ing of the stock. Seven Thousand dollars
cash and draft due the 22nd day January
for three thousand dollars-ten thousand
dollars.
"Check book, deposited Dec. "a, 1867, in
Fourth National Bank James Brooks seven
thousand dollars.
"Jan. 20, 1868, Stock book Fourth Ma
ional Bank, bills payable James Brooks
account note due this day three thousand
1ollars.
Ham RecaIIed-An Erasure.
Recess for fifteen minutes. After recess
Mr.. Ham was recalled. Witness referred
% the name of Chas. II. Nelson, the book
showing the transfer Of fifty shares to Neil
Jon, whose name had been written after an
error was made, and testified that it was in
MS handwriting, and an erasure had been
made before Nelson was written, but he
lid not remember what was erased. He
4 af Of oil in rnfnrovco n
erasure. The erasuTe was in the place
where the name should be.
By Mr.. Brooks.-Never received
ersse his name. 1t might have
been probable that Brooks name was writ
en instead of Nelson, on account of the
intimate connection of Nelson with Brooks.
If Brooks name was written there fist it
Was mistake.
President DuFant's Testimony.
Thos. e. Durant testified. He was a
Director of the Union Pacific Railroad till
1869. Was President of the Credit Mo-
oler Company and one of the Trustees to
whom the Ames contract was assigned.
Has certified copies of the books. Signed
paper to distribute some stock on hand.
The stock was transferred to WitreSs to
enable him TO fulfill prior engagements. Did
not know to whom Smes was transferring
stock. Ames said he had an engagement
% deliver some to Colfax. Thinks other
also were mentioned, and it |
made an impression on him, as he believed |
hat Ames gave the names and intended |
keeping the stock himself Never convers-
ID with Wilson. Had a business tcaDS2c-
PrOo6e baJ |
10 reference TO Brooks being a |
congressman. Brooks desired some stock, |
md witness arranged to let Brooks have |
100 shares Of Credit Mobi!ier, with $4,000 |
worth of Union Pacific stock and first |
mortgage bonds. Brooks being a Govern
rnment director, did not want to hold the |
took, and therefore had it transferred to
Nelson. Knew nothing about the fifty
hares of additional stock received by Neil
Oh. stock increased in value suddenly.
When Brooks purchased the stock he was
ntitled to a dividend which had just been
eclared. The Credit Mobilier Company
OOk the contract at $4,000 per mile, and
vas Obliged to take in part payment Union
'acitic stock. The first stock was taken
rom the road at 80 per cent, and sold to
a. II. Wtness felt un.
er obligation to Brooks, having
greed with him that be should
ave the stock. Had borrowed money from
fr. Brooks, but did not let him have the
tock in consideration of being under any
money obligation.
Without finishing the examination of Mr..
)urant the committee adjourned until to-
morrow.
More Investigation.
The Wilson special committee met to-
ight. B. +. Ham was sworn and exam
led. He testified that he knew Of the
redit Mobilier organization, of which he
Assistant Secretary and Treasurer and
lao director. He did not know whether
lere are any books showing who the orig
lal stockholders were. Some of the books
'ere lost, including transfer books of
,ock. He did not know what had become
{ them. Witness subsequently found and
reduced book Containing the names of
le original stockholders.
On cross examination witness said he |
7ould be able TO exhibit all the books show
lg transactions, except those relating to
ne transfer of stock, but this deficiency he
)uld make up from the books of the debit
nd credit of stockholders. He had no
lea that the transfer books were abstract
1 for any purpose; his opinion was that
ley were mislaid.
Oakes Ames was examined as to the
1st Of the Union Pacific Railroad, saying
nOng other things the profits were about
/, 600 900 on an expenditure of 500 00O. .000