New-York tribune., 1873-02-01

an scr
tors or as stockholders the Credit MOBILIZE He sans
Hmes Co.. to prevent the settlement with the CreSs s
Mo6r per mile for 3 Pane %es O%pany me to ali
in his power to protect the interests %deys OF IaSss
G1 iG t6e me Credit Mober his course not ap
proved by Mr. Alley and his friends VINO seeneH d t
hm as siockholders in the Credit Mober MT Alley,
In his statement had with unparalleled lmpuoehce aE
" tSer opponents The protests and complaints OF wit
before the courts TO protect he % "a and a
holders the best evidence OF what hs 'e"s al" ~"
tons were at the time.
PLANS TO INCREASE THE COST OF THE ROAD
After Ames Co. had acquired voice in the direction
OF the road, they developed several plans whch III
creased the cost Of construction to the railroad company
one Of these plans the payment large commissions
TO themselves loans to the Company, or procuring
for II such oans locomotives which had been purchased
at Government sale OF cendemned property and peng
repaired, were forced upon the Company by oaKes
Ames they well knew that $50 miles OF the ROAD next
west of the one hundredth meridian was being bu for
about $4,000 per mile, exclusive Of equipment ana
station houses this fact appears from the Boomer
contract, and witness submitted copy OF IT, AS TO .ne
President of the Credit Mobier, gave directions 10 te
Treasurer receive subscriptions for STOCK excepe
heeupon Mr. Alley and his Se
made parcel Of greenbacks produced by the party
making the subscription, stating to the treasurer tnat
Of waS the paF sSn0sa Value ' Of subscrptO3 which
was of course refused BY the oONSs dreas1ers inns
pretended to be rendered not, as understand ever
counted by the treasurer but was retained oy tne party
so oerng TO subscribe to be used the next minute on
another subscription among the Subscriptions made III
such at this time are three IN the name fI SGn in the
aggregate 5OOOOO this farcieal subscription ana
tender WAS na reacSed in the sum OF
about not dollar OF this money passea lni9
40 pass all this too place about five days before the
election OF directors the bylaws of the Company pro-
SSGa SSd nOt 1aa' stood HS i'' on the books the Com
dSy of the election Mr. Alley and his friends with Cen
b. F. Butler present as their counsel In ne 70
SUIT desire appointed new inspectors ana opened
9e RT Speped sIe dI te po and receiving
votes; all the parties were epoined from yopng npOn @
maid at this election but understood Gen. Butler, in
some way succeeded in getting one OF the lnlunctons
modified the election being carried in two polls with
two sets of inspectors the roll one ticket rep
resenting the old board, aud the other that oil MT
clared their ticket elected injunction restraining
MT Alleys bogus board from acting, was at once pro
and served them to which they graceiuy SUP
mitted, and now moved to dissolve the same.
HOW THE SIXTY PER CENT DIVIDEND WAS MADE.
The witness next quoted from the record TO show
when Mr. Alley was elected director, and next cited
the resolution adopted by the Board Of Trustees Dec
2 1861 instructng the treasurer to procure from the
Union Pacific road s2OOOOOO of their first mortgage
bonds and produce an equal amount OF full paidup
stock OF said Company, to declare dividend OF GO per
cent in bonds and per cent in stock under the Ames
contract On this resolution Mr.. Alley voted IN the
affirmative. The witness read this to contradict the
statement Of Mr. Alley that be Mr Alley) was opposed
70 distribution Of the profits arising under the Anes
contract. the sd of January Mr. Alley again Voted
for RESOLUTION ESQ for PaG
as IN the 2O shares he sold TO Mr.. Alley, ana said
II He me next Sed 9sse @ cons oe
$4,000 per mile second l67 miles at Sovv; tE on T & i
$4,000 sixth miles, $4,000 On the 18TH OF october
Mr. Aes assigned the contract 10 seven "
agreed TO recognize SAID assignment ana accepted e
aase Smes U from ali liabilities under the same refer
ring the details of such assignment to the E1eeutKe
contract was duly executed by the proper officers OF the
company, and Mr.. Ames's responsibility completely
wiped out -. ,ruo-
The witness referred TO the fact that Gen. Dodge,
Chief Engineer of the road under salary Of $4,000 per
annum was also a member Of Congress, in Washington,
instead of being on the road witness demonstrated
against this he informed that dodge could do more
good in Washington where he had great influences he
further found that the wife Of Gen. Dodge had 100 shares
of Credit Mobilier stock and was therefore large
participant in profits to be made by the contractors
he did not mean say that the Chief Engineer would
be unduy influenced in his duties by any interest which
his wife ght have He next produced his order sus-
pending Dodge Chief Engineer on account OF overes-
mates OF due contractors made by hD ana the
repv of Dodge that estimates made up from data
furnished by Messrs. Reed and Crane.
In reference to his accounts while VeePresldent OF
the road witness submitted aidavits Of Sidney Dillon,
b. F. Ham, IL. G. Crane, John j. Cisco, John A. DIX,
oliver Ames aud others, showing that they were cor
rect; he denied having said to Mr.. Alley that he
paid Mr.. Thaddeus Stevens any money whatever never
having him one occasion; witness never
paid promised TO pay Mr. Stevens any sum OF money
whatever any stock, bonds, or other property ne
denied all connection with the Fisk suit either on the
part of himself OF Mr.. McComb Mr. Alleys claim that
the of this great national enterprise was owing
TO Mr.. Ames and his friends utterly unfounded.
Mr. Alley desired to address the Committee, and Judge
Poland said they would hear him, but he must notify TO
him that eOmmteeroOm not the place TO settle
disputes between himself and Mr.. Durant Mr.. Alley
then his former statement that the cry OF stop
thief was made by thieves themselves and he hoped
the other Committee would make full investigation as
10 the history and management OF the road this Com
mttee of could not do that he charged that no
satisfactory account had been rendered by Mr. Durant
for s435 by him, and said the (Mr.
stewart who had s2500O0 Of that money was now i'm
prsoned for refusing to testify; the charges against
Gen. Dodge unjust, he thought; he declared he
had nothing TO do with purchasing locomotives, &C.
Adjourned until tomorrow morning.
DEVELOPMENTS BY THE WILSON COM