New-York tribune., 1873-02-01

company and 1t was thought he could explain where
portion the quarter Of million went when oisaP
peared with Stewart. Mr. Hay is rich old nan VINO
has been familiar with lobby transactions In washington
for ecore years. and II impossible to tell whetr
his testimony was burlesque whether he was simple
minded, OF whether he was playing very lnge-
nious part at evasion. At any rate neither rhy"e
nor reason came from him. Yet his manner
WAS 80 agreeable and smiling that his contradicuonH
his evasons his denia his explanations and the gen.
eral chaotic indication OF his mind as shown by MS
answers were received with patience by the Committee
1t seemed he had had about 10000 in his possession
obtained from Dr. Durant on the order OF stewart pu'
he could not tell whether it in bonds OF the u r. H.
r. or something else, and he did not know now nuch ne
had advanced to Stewart, nor how much he had
received for his services In urging upon
the passage Of the legislation of 1864 His mind seemed
70 run particularly on bridge which he had bait dur
ing the war the Potomac while he owned the r
road connecting Washington and Alexandria ana 10 ts
he turned comfort when beset by embarrassing que
tons He was dismissed ncorrigible after short
examination and the Committee adjourned after short
secret session.
one OF the current rumOrs here 10 the effect that
another OF the men concealed under Oakes Amess capa
cous Jacket from Wisconsin, MI Matthe"
H. Carpenter The story told said 10 pe sure
of development within day or two before the wilson
Committee is that at the time when the Senatorla eec
ton in Wisconsin was trembling in the balance and the
chances seemed 10 be rather iii favor OF Gen. Cad
walader Washburn, Butler, or some other acute per
son. went 10 OaEes Ames, saying, In case Gen. "ash-
burn is elected the Senate you have there persist
ent untring opponent Of your Union Pacihc Railroad
schemes in case Mr. Carpenter is elected you have an
untring, persistent friend. Ten thousand dollars wiz
settle IT, Why don't you instantly retain Mr. Carpenter
as counsel Of Pacific Railroad, and pay MIN lee VI
$4,000" The retainer, the story goes, was instantly
agreed upon, and check of $4,000 was forwarded oy
Mr. J. NJ S. Williams, on behalf Of the Union Pacihc
Company. Mr.. Carpenter was elected and certainly has
not failed to keep his branch of the contract
HORACE F. CLARK CONTINUES HIS STATEMENT
INTERESTING FACTS ABOUT THE HISTORY OF
THE RoAD-TEsTIMoNY OF ALEXANDER HAY
GENERAL PRESS DISPATCH
WASHINGTON, Jan. 31.-The Wilson Commit
tee met to-day at 1Os o'clock. Horace Clark was re-
called Mr. sheabarger interrogated the witness rea-
tive TO the Oakes Ames contract and the proceedings
under il, including dividends by the Credit MoDhler'
and the previous agreement with Ames that the soch
holders in Credit Mober should relatively snare ID
the profits Of the contract Witness was asked whether
It was in accordance with sound usage and strict ous
ness principles TO give the assets Of corporation forthe
construction OF railroads. and replied that IN many re-
| spects 1T was unprecedented, in some u was
| not; in the early history Of railroads, gong
back 40 years the usual was 10 obtain subsenp
| tions TO the capital stock or obtain money on
loan upon the bonds Of the road and spend on account
OF the tockhoders he thought this was the custom as
10 all roads up to years ago. the result was that In
most instances, as general rule, the socKhoders
lost all their money! Of late the plan OF forming con
structiOn companies has been resorted to, ana mas
not regarded vioatve OF sound business prln-
cipes the great distinguishing feature OF the present
case the gentlemen who formed the construc-
Icommittee the directors of the corporation
with which they dealt this the first case he ever
knew where the parties were identical; construction
companies as general rule, were composed Of parties
| 1.r until Tho haa
not been uncommon with construction companies to take
all the securities Of every description OF stocks ana
bonds and the road finished according TO con-
| tract.
Mr. shelabarger asked whether it was the opinion OF
the present management OF the Union Pacific Railroad
that the transactions already described such as to
entitle that Company TO call on the gentleman VINO
procured the division Of the profits TO account to the
Union Pacific Railroad Company for the division OF the
same or any part thereof and whether so far as the Wit
ness knew il the purpose Of the Union Paeihc Ra
road Company not TO call upon them so TO account wit
ness answered that the question had not been considered
by the Board OF Directors Of the Union Pacific Railroad
Company since he became President OF the Company
the subject had been agtaed more or less among the
stocKholders the Company should be ADVISED
OF all the facts and ascertain that 1t was not debarred
in law or equity from seeking to recover IT would look
for s property which has been lost he could not how
ever bring himself to that everything stated
was necessarily true. In answer TO a question by Mr.
Hoar the witness spoke OF the great advantages the
General Government has derived from the Union Pacific
| Railroad.
In reply 10 question by Gen slocum, witness said
the salary OF the President o the Union Pacific Railroad
Company was 5000 or 10000 per apnum but as TO him
| self he does not draw the salary.
GOV. DIx's $4,000.
Gen. socum asked how much money was paid to John
A. Dix by the Company while he was Minister 10 France
Witness replied that he could say the money was
| LIE a1,na ha
that $4,000 had paid Gov DIX under the Presidency
| OF Oliver Ames.
Gen. socum asked whether that amount was paid
| Gov Dix while he Minister abroad ! Witness re-
piled that he did know the date of the payments the
money was paid after GOV. Dix had left the road; 1t
wac $4,000.
@. For what purposei A. In connection with an at
| tempted negotiation of bonds.
Q. Were any of the bonds negotiated therei A.
| think not.
In reply toIMr. Hoar the witness said be had no per
sonal knowledge OF the subject The fret time his at
tentiou was called TO it was during the late political
campaign, and onehalf OF the ISLANDERS now current
sprung into life during the ledger OF the
Company shown to the witness and which he said
900 paid between May a. 1865, and Nov J. 1866
The witness could not give the deta tan ioar o tho matter
during the campaigni A. From my colleagues IN the
PRESENT in further answer the witness repeated that he
heard the officers OF the COMPANY that $4,000 had
proposed negotiation Of some 900 bonds; he did
not know whether the money waspaid while Gov DIX
was abroad, as he had specific dates witness ap-
horred and detested the defamation so common now
adays he should not for this reason, Withhold any
| facts in his possession. o..
Mr.. Hoar wished TO know whether the statement wit
ness received officers OF the Company was that
Gov DIX received the money while he was Minister
abroad. The witness replied that 1t was so stated by
Them and further stated in reply 10 question, that
there was precisely corresponding account with John
| J. Cisco a banker Of NewYork Of high respectabiy,
and al that time Treasurer OF the Company.