The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-02-01
The U. P. Railroad Inquiry.


sons Committee to-day Horace F. ClarR
was recalled.
The Chairman caused 10 be read SEN
tence from the reporters notes, by which
1t appeared that Clark said yesterday thai
he became satisfied that the gentleman
who brought before him the details to
break down the stock Of the Pacific Rail-
road Company was not in conspiracy 10
iniure 1t, and not Us published that the
gentleman himself was in the conspiracy.
Mr.. Clark said the directors OF the U.
P. Railroad have not yet considered
whether they would call on those who
had made q division Of tho profits in the
Credit MObiller TO account TO the cOmpa-
ny, but the subject had been agitated
among the stockholders. There would DO
no formal action until all the legal and
equitable facts could be ascertained. The
management Of the company do not desire
70 deal unjustly nor hastily, but when the
facts are ascertained the company would
look 10 the recovery Of the lost property.
He claimed that the road had been Of
great advantage to the government. 1t
had dispensed with the services OF q por-
ton Of the army, had settled large ex'
tent of territory, and saved in mail trans.
portation more than the whole interest
on the government loan. The bonds had
had discredIt thrown on them by the re-
flsalot the Treasury Department to have
them used as the basis of banking opera
tion, and this too without authority from
Congress-. The Treasury Department
does not count these bonds as part ol the
public debt, but as the debt ot tho road.
The Treasury Department also published
the Company as detaulter in respect to
arrears Of interest. Tho Company was
performing Government service without
complaint, when suddenly, in 1871, pay.
ment was stopped by an arbitrary act OF
the Treasury Department. Congress,
however, intervened and directed the
amount withheld 10 be paid. Last spring
the present management took possession,
and stopped the leakagcs, and effected
economy, and now that a reform Is in
augurated, another assault has been made
causing loss Of millions OF dollars. The
last assault in Congress has caused one
class of securities to fall from IS to 72.
Witness said the government, II Its &C.
count were adjusted on the principle OF
equity, would be largely indebted 10 the
Company. The salary paid the President
OF the Union Pacific Company was eight
or ten thousand dollars annually, but as
to himself, he doesn't draw his salary.
Witness, in reply 10 interrogations by
Gen. slocum, said $4,000 was paid Gen.
John A. Dix in connection with an at
tempted negotiation Of bonds. The money
was not paid during his (witnesses,) ad:
He had heard 1t was paid
under the Presidency Of Oakes Ames.
He didn't know when the payment was
made, whether 1t was while Gen. Dix
was Minister to France or not. The
money was paid after Dix left the road.
The witness, in reply to Mr.. Hoar, said
he had no personal knowledge Of the sub
ieCt; his attention was first called TO 1t
during the recent campaign by his col
leagues on the board; he heard from the
officers OF the company that Dix received
the money while he was Minister abroad;
witness further stated there was precisely
q corresponding account with John j.
Cisco, q banker OF New York, and ut that
time treasurer Of tho company. The
ledger OF the company was shown wit
ness, which he said he had not seen; from
This book it appeared that $94 900 had
been paid between May "a, 1865, and No
Vember /, 1866; witness could not give de-
Eais; said the feature OF the Wyoming |
coal contract giving the company draw
back OF 25 per cent, had been abrogated;
witness said since the road had ceased to
be means Of dispensing patronage, raids
had been committed on the company. |
One Of the Government Commissioners,
Cornelius Wendell, appointed under ex.
President johnson, received twenty
Ave thousand dollars as condition Of his
accepting portion Of the road; he didn't
.hink any Of the other Commissioners |
made an actual profit except from
errors ofjudgement, They threw obsta-
lies in the way Of the road. Witness SAID |
knowing Jas. +. Allison 10 be good |
lawyer and able man, he had asked him
70 become the counsel Of the Company, |
but no declined on the ground that he
would be compromised as government |
director by accepting such position.
Alexander Hay, Of Philadelphia, tcsti.
ied that in the summer Of 1865, he re.
,cived an order from Joseph B. Stewart,
IN Duraut, for two hundred and thirty
construction bonds ot the Pawnee s. LeaV1
1nwOrth Railroad Company bonds, being
81 900 each. He presented the order to |
Durant, and received the bonds. He re.
ceived from Durant for Stewart $780,.
BOO. He deposited the said bonds
in the Merchants National Bank for
Stewart. In 1854, at the request Of Stew
art, witness spoke to several Members Of
Congress about a bill in relation to the
Onion Pacific Compony, and assisted in
preparing one. Stewart paid him hand
somely. He had helped Durant and 9th. |
ers, but received no pay except $15, 900 or
$4,000 from Stewart, for services rem
dered him. HekneW Of no money being
paid or promised Congressman to inau-
ence legislation. Witness was asked II
he knew Of any money being paid news.
paper men to obtain their influence. He
gave the name of W. ]. Keller, who was
q correspondent, he believed, and who
wrote considerable, and took an interest
in the road. Adjourned.
The Tweed acknowledgements of