The Andrew County Republican. [volume] (Savannah, Mo.) 1871-1876, 1873-02-21
TIVE CREDIT MOBILIER.

dated March q, 1868, transmitting a commas
sion as a Government director of the Union
Pacific. and stated that it was onthe 9th of De-
cember. 1867. that Nelson got his shares from
Durant. Horace F. Clark, President of the
Union Pacific. was examined by Mr.. Brooks.
He testified that he never had any interest in
the Credit Mobilier. The witness examina-
ton as to the construction Of the road de-
yeloped nothing new. One hundred per cent.
MAS not regarded as a large profit on eonstruc-
ton. He did not think the capital could be
raised now to build the Union Pacific, even if
$40. 900. 600 of profits were guaranteed. Hon.
James NJ. Beck. of Kentucky, was sworn and
examined by Mr.. Brooks. The witness was a
member of the conference committee inrelation
to the interest question Of the Union Pacific
railroad. He has been very intimate with
Brooks, and does not remember OF Brooks ever
speaking to him in any shape or form whatever
in regard to the Pacific road. Hon. Daniel W.
Voorhees, was examined by Mr.. Brooks. Wit
ness was a member of the Pacific Railroad
Committee during the Forty-iirst Congress.
and had questions up in which the Union Pa
ciic road was deeply interested. Mr.. Brooks
never spoke to the witness on the subject of
the Pacific railroads, and never appeared be-
fore the Railroad Committee on any measure
before it.
The Wilson Committee heard the testimony
of extension Commissioner Cox and Smith.
of the Lane Office, showing that Hoover, a
former witness, had a questionable character.
After hearing the testimony of Hon. VIM. ID.
Kelley, of Pennsylvania, contradicting Hoover's
statements, the committee adjourned.
A dispatch from Boston of the 9th inst
saws: Judge Wilson. Chairman Of the Con-
gressional Committee, r~e-examined Rollins,
Treasurer of the Union Pacific road, to-day.
| He said the check for ?19, 600, said to have
been given to J. T. Wilson, has on it the fol-
| lowing Inducements, the initials IT. A. s."
| being in pencil: Pay L. ii. Rollins, Sec
Rotary, or order (~Signcd) "B. W. Spencer
| (Signed) "E. H.. Rollins, Secretary" For
collection for Girard National Bank, Philadei-
plia. T. 4. s" (SignedD w. g.. Shellady,
for Cashier" Til 5000 paid Rollins in
December was for services rendered at Wash
ington. He never received a dollar from the
company that he did not earn. The profit on
Ames' contract so far as appeared on the books
as divided was $40, S5i, 96O in stock and bonds
at par. and that on the Davis contract 1882,
1875 in the same material.
At the sitting of Judge Poland's committee.
on the It'll inst, John /. Blair was examined
by Representative Stevenson. The witness
testified that he was an original corporstor Of
the Sioux City and Iowa Falls and Dubuque
- IN. NJ. C--.4l - nl.o T.l..
F. Duncombe, Of Fort Dodge, and W. W.
Walker. of Cedar Rapids. lie detailed the his
tory of building the road, the Legislation 10y
Congress renewing the land grant in 1856 to
the State, and the legislation of the State Civ
ing the grant to the road, ard testified that
not a dollar was expended in procuring such
legislation, either before Congress or the State
Legislature. Tn witness never expended a
cent for blackmail for any one, either a MEM
Der of Congress or private citizen. There was
not a single road across Iowa to-day that was
worth the money it cost to build it. The wit
ness referred to the list of subscriptions and
testified that William u. Allison took ten
shares. He paid for his stock and
never got a penny for his services.
The firm of Samuel Hooper also had stock.
The committee heard the testimony of Mr..
Hooper; after which Dir. Stevenson undertook
to re-cxamine Speaker Blaine as to his former
testimony. During the examination, the
Speaker, upon being catechized I'm a manner
which seemed improper, characterized Steven
SON conduct as unbecoming, and said it was
against common decency. He added that it
/ oon1I In ulpup that Sgayapuon had an apimns
against him (Blaine). Judge Poland request
ed both to stop the contest. Stevenson
wanted to examine the witness in relation to
the transactions of Blaine of a private nature
bat Judge Poland thought the testimony al
ready covered the points. Cakes Ames was a
large subscriber. J. p. Wilson and Glenni W.
Scofield were subscribers also. The Govern
ment need not talk much of land given to
Iowa. as it amounted to nothing nearly all Of
it being worthless. 1t reminded him Of the
Frenchman who had given away -, 900 before
breakfast, and when asked how he made it,
replied: "I have just marked my goods up
Laughter.
b. +. Ham, Secretary of the Credit Mobilicr,
and Auditor of the Union Pacific Company in
New York, was examined by the Wilson COM
mittee, sitting at Boston, on the It'll inst. He
stated he had searched the books for the cost
Of the Hoxie contract on the road between
Omaha and the Tooth meridian. 1t cost
SIP, 974 ,4le,2 "a, of which 81, 99i, 100. 96 remained
unpaid. The 90, 600, 900 note was not given
on account Of this indebtedness. The cost of
building was 81, 806, 1s3. 33; could not give the
4 cost Of the first ifty-eipht miles west nj tho
Tooth meridian. He knew no adjustment Of
profits on the fifty-eight miles. but 81 O4, 600
were paid on it by the Credit Mobilier on q
per cent. interest and the prospective profits.
The Credit Mobilier advanced S723, SOC. 80 on
the Ames contract. No adjustment was ever
made to witness knowledge, and h knew
nothing Of the cost OF the 1888 completed miles
included in the Ames contract, nor Of the So
miles built on the Ho1ie contract. The amount
of stock of the Union Pacific railroad sold dur
ing the execution of the HoEic contract was
S., 600, 900, q million and a quarter of which
! went to the Credit Mobilier in Government
bonds. Have examined the balance sheets
presented by Crane yesterday, and find them
substantially correct. The Trustees profits
were described as in securities and stock, Of
which Crane gave the f~ootings, and several
items were testified to. The summary is AZ
follows:
Rroits on the Ames contract. 49,. 81, ass, go
Profits ON the Davis contract. ............ 7,so2, l35
Total profit to contractors Of entire
road IN stock and securities at their
par