The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-28

| .'Forty per cent. Assessments have been made or
this stock: Ihat h inc lowest valuation" Wit
ness testified that he was IN Washington when thu
| amendment 10 the bills for the Union Pacific ant
| Sioux CITY land grants passed; that while thcs,
bills were pending before Congress he made
organization OF the Sioux City and Pacific Railroad
and that certain men could control it; that he was
at the TIME stockaolder and one OF the directors
OF the Union Pacific; that ne was Interested in hay
ing Inc union Pacific Railroad bin passed; thai
Crocker was also Interested; that he and Crockel
nau peeh associated for ten years in building the
CEDAR Rapids and Missouri River Railroad across
sne state OF Iowa; Mr.. i. b. Croker was working
ior tne OH IN washington under Che employ OF the
CEDAR Rapids and Missouri River Railroad Com
pany, Of which he was President; that the details
0I ehe agreement made at Washington were that
certain parties" including three interests should
go on and organize company" When the wit
ness was pressed TO tell who represented
THE s'THREB INTERESTS" W
ne said "the Dubuque and the Sioux City Railroad
Company the Cedar Rapids and Missouri River Rail-
road Company and the members OF Congress from
Iowa." witness testified that he talked with Mr..
Cakes Ames IN reference to the organization of his
proposed Credit MObilier Tor Iowa; that part
In Washington to put the bills through that 1t was
understood that Cakes Ames should have an in
terest: that as soon as the bill passed Congress
the power OF the new organization-.he result OF
the Agreements previously made-was centred In
the control OF few men representing the two cor
THE IOWA CONGRESSMAN;
that the latter interest--James +. Wilson, w. B.
Allison and A. w. Hubbard, members OF the House
OF Representatives, from Iowa-were represen ted
by Mr.. CrOcker; that these Congressman were
parties TO the agreement referred to before the
bill passed Congress; that Mr.. Crocker made an
agreement with Mr. Congressman Hubbard that
he should have one-ninth interest In the control
tween Lombard and Crocker; that "Mr. Crocker
acted between the different parties; he was the
head and front OF the whole thing, and had the
understanding referred to with the different
parties as to how the thing should be managed. He
controlled it." Witness went on to testify that
Mr.. cakes Ames' understanding was with Mr..
CROKER. that ttMr. AmGS. being member of Com
gress. was
NOT INCLINED TO FIGURE CoNspIoUoUsLY
In the thing at the time;" that it was understood
Mr.. Ames was to have ono interest, whatever that
might be; that Plat Smith was to have another
because he was attorney Of the Dubuque and Sioux
City Railroad Company, was prominent, inhuen-
tial man in Iowa. and that was one OF the interests
to be counted in; that Mr.. Croker said that Con-
must be counted in; that according to Mr.. Crocker
'THE MEMBERS or CONGRESS MUST DE COUNTED IN
and have an interest in this speculation, which was
considered very profitable one; ;" that "the real
controlling parties having this interest OF the
Sioux City ana Pacific Railroad Company 'were Mr..
John l. Blair and myself in the Cedar
S
something out OF this thing )" that in letting Mr.
Wolf into the ring witness testified that "Mr
Alison Hubbard and Wilson, ana Plat Smith and
himself lCrocker), who were the parties in control
as they believed OF the organizaton;" that at first
'Mr. Croker doubted the prOpriety OF letting
Cakes Ames and Mr.. Blair into the Sioux Ring
fearing that through the agency Of their great
wealth they might combine and
GODBLE UP ALL THE LITTLE FELLOWS
and pocket the profits; but upon consultation it
was finally agreed to admit them, and they
Judge Poland had better send for Mr. Lambard
and take the remainder OF his testimony.
Omcers, Directors and Stockholders of
the ompany-COngrcssmon Largely
Represented.
Since the reference by the House Of Representa-
tlves of the inquiry into the whole subject of the
Sioux City and Pacific Railroad Company to Judge
Poland's committee 1t becomes interesting to learn
who were the chief managers OF the corporation at
that time.
According to an Official report made December Is,
1867, by the President OF the Sioux City and Pacific
Railroad Company to Hon. o. II. Browning, Secre-
tary OF the Interior, the following named gentle
men were elected directors and officers Of that
company on the 7th of August 1867, to serve one
year,
DIRECTORS
John l. Blair of BlairstOwn, N. j.
William b. Allison, Dubuque, Iowa.
Perry II. Smith, chicago, III.
Dewitt c. Blair, Belvidere, N. J.
A. W. johnson, Belfast Me.
Cakes Ames, North EastOn Mass.
Platt Smith, Dubuque, Iowa.
Joseph H. Scranton, Scranton, Pa.
Charles A. Lambard, Boston, Mass.
OFFICERS.
John /. Blair, Blairst0wn, N. j., President.
W. b. Allison, Dubuque, Iowa, Vice President.
John M. S. Williams Boston, Treasurer.
Platt Smith, Dubuque Iowa, Assistant Treasurer.
James NJ. McKinlay, Dubuque, Iowa, Secretary.
Charles T.. Vall, BairstOwn, N. j., Assistant Sec
rotary.
W. w. Walker, Cedar Rapids, Iowa, Chief Engi-
n eer and General Agent.
]. Il. Ainsworth. Dubuque, Iowa, Consulting En-
gineer.
EXECUTIVE COMMITTEE.
John I. Blair, Charles A. Lambard,
Cakes Ames, d. G. Blair,
nU william B. Allison.
The list Of stockholders to the Sioux City and
Pacific Railroad Company during the years 1867
and ls6s-important periods in the pending rail.
road investigation in Washington--will show, in
addition to the original subscribers. O portion of
whom are given elsewhere, that the same busy
spirits who figure so consplcu0usy in Credit No
biher transactions are prominent operators in the
Sioux City and Pacific Railroad Company. There
is 1ine sprinkling of congressman in the list,
some OF whom have since been elevated to the
Senate. Below is an exact copy from a certified
list furnished exclusively to the HERALD, and now
first published
SIOUX CITY AND PACIFIC RAILROAD CoMpANY-CoR.
RECTED LIST or SUBSCRIBERS 1867.
Cakes Ames, Boston, Mass S640,00
j. l. Blair, Blarsiown, n. ACKNOWLEDGEMENTS. 5l0OuO
ID. y. Blair Belvidere ACKNOWLEDGEMENTS. l200UU