Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1873-01-10
Cincinnati Produce Market
The Credit Mobilier Investigation

The Washington special of the Boston Ad-
vertser of yesterday, says:
The proceedings in the Credit Mobilier in
vestisation to day were rather more interest
ing and altogether more respectful and per-
sonally creditable than those of yesterday.
Mr.. Alley was subjected to an oral examine
ton of nearly an hour, conducted by each
member of the committee in turn, who en-
deayored to draw out points in which he was
specially interested. McComb occupied his
former seat opposite Mr. Alley, and passed
up several written questions which were ask
ed by the committee, but took no personal
part in the examination. The facts develop
ed bore only indirectly, at least. upon the
question of bribery or corruption of members,
aud showed mainly the history Of the Credit
Mobilier, the valae of its stock and dividends
a; various periods in its existence, and Mr.
Alleys personal relations to it and its opera
tons. Whenever Il question pointed toward
transactions with members of Congress, Mr..
Alley would generally assert his ignorance Of
the whole subject, though to McConb ques-
ton, asked By Mr.. McCreary, whether he did
not have one hundred thousand dollars te ex-
pend on Congress to induce the passage OF
the bill removing the officers of the company
from New Yorl. TO Boston, he put in broad
and emphatic denial. Among the most Ia
teresting facts shown to by Mr.. Alley were
those that the cost Of the Union Pacific Rail
road, including profits to contractors, was
siSty- eight or siXty-nine millions of dollars
OF which the government paid only twenty
seven millions that he owned five hundred
shres Of Credit Mobilier stock, which rose 10
market value from par in December, 1867. to
22o in February, 1863 and which he sold at
POO to Peter Butler of Boston for Mr. Bard
we'll, one of the Union Pacific directors that
Av,,os in .aI loI1n
cash for each share of Credi. Mobilier stock
which he held; that he did not know whether
Mr.. Amss ever delivered TO other parties
stock which tie said he had purchased for
them; and tia. the offices were removed to
Boston 70 escape the prosecutions of Fisk.
who personally threatened that he would
damage the road millions if he was not paid
one hundred thousand dollars. On the whole,
the session to-day and its developments 'can
have but very little place or weight in the
final summing up of the investigation.
Tomorrow, Mr.. Alley will DE still further
cross examined, and Mr.. Thomas c. Durans
Is expected 10 appear as witness. Mr.. Ham,
secretary of the Credit Mobilier, telegraphs
that lie Will come With the books and papers
Of the company as soon as the health Of his
wife will permit. Mr.. Dawes will probably
submit statement Of his transactions with
Mr.. Ames within day or two.
Judge Wilson's investigating committee
will hold its meeting for organization and
quitting its work tomorrow, and will proceed
at once to business with open door.
Oake Ames has modified his testimony in
regard to Representative Scofeld's connec-
ton with the Credit Mobilier, so far as to
say he (Scofeld) withdrew his investment
and received back his money as soon as he
heard Of the personal liability attaching to
Individual members of the company.