New-York tribune., 1873-02-07
NEW-YORK. FRIDAY. FEBRUARY L. 1873


was the only transaction witness ever had either
directly indirectly in connection with the Pacific
Railroad Hoover has the worst possible reputation,
and peremptorly dismissed by witness, az Pres-
dent Of the Board OF Health not only ON account OF his
bad personal character but the odium which attached
TO his name.
f. J. Smith, formerly connected with the Geological
Cabinet OF the Land Office, testified When he hrst knew
It. c. Hoover he had q sign out as broker and real
estate agent Sevenhst and sold bond OF the East
ern Division Of the Pacific Railroad for witness az
slight advance the cost OF IL received about Slo
worth OF these bonds Mr.. Cheever IN payment OF
debt never stated TO Mr. Hoover that be 1.-THE witness)
received bonds the Pacific Railroad or Credit Mooer
from the Hon W d. Kelley; never saw the iAttei gen
teman til yesterday 10 know him never before knew
his name never SAID Hoover he had received from
Kelley CIedlt Mobilier or Union Pacine Stock never
stated ne had paid pay Judge Kelley anytnlnEi
money or any other Thing from Judge Kelley. Witness
SAID the reputation OF Hoover was that oil te mar
and per1urer.
-he Hon. William D. Kelley sworn, said he saw r j.
Sm IN LOT the first time when he entered the c0mDtee
room TINS morning; he had never gwen receipt Tor
money ot Ior thing OF value IN consideration ol ser
vice IN tne way OF Legislation IN congress OheI th MS
receipt 10 the SergeantatArms; he had not and' ne
happy saw. under the solennity OF oath, he
never received in the OF compliment or Testimonial
or compensation, previously or subsequent thereto u
recy or indirectly, any consideration Tor the course OF
legislation ne had followed In speech or vote the state
ment that ne had given receipt for money IN such con-
necuon was without foundation IN fact or appearance OF
iact; 10 no MI smith or any Otner man nad ne gwen
|
otherwise, touching any such matter; wit
ness said lac had not, to his knowledge, ever seen
stock IN that rOa although he had become the owner OF
one Union Pacific income bond through his attorney,
Mr. Townsend who purchased II for him in Philadelphia
out OF an award resulting from the opening 0i property
in which he was interested, and which money mis- at
tOrney had collected; he had also been remotely con-
Dected with Union Pacific Railroad bonds IN the way OF
borrowing money from friend who deposited the bonds
In the Fidelity Safe Trust Company a. collateral but III
which bonds he had ownership and mad never seen;
he had never heard OF Hoover until last night IN party
i NJ rlfnf fts
teTzed as swndler, q peGurer, and thiei.
The Committee adjourned.
CHAIRMAN WILSON IN BOsTON-EXAMINATIoN
OF f. II. ROLLINS AND II. c. CRANE-ITEMS
IN THE $4,000 ACCOUNT INTERESTING
FACTS ABOUT THE EXPENSES OF TIE ROAD.
GENERAL PRESS DISPATCHl
BosTON Feb. 6.-Judge Wilson, Chairman of
the Congress Committee, reexamined Il. 'H Rollins,
Treasurer OF the Union Pacific Railroad length
in his private Office to-day and continued his researches
among the books and records IL appears from the Ex
ecutiye Committee OF jan le 1871, that when the
first issue Of Omaha Bridge bonds was made II was sp-
ulated with Mr. Bushnell, the purchaser of si,25ooOo
worth OF them at 50 cents, that Congress within six
months passed an act authorizing a mortgage on the
bridge that the original issue OF bonds bearing 10 per
interest be taken up aud new bond issued
bearing per cent interest The check for $1,000 said TO
have been gwen Wilson has on II the following in
dorsemens. The initials T. A. s." being in pencil;
"Pay f. H. Rollins Secretary or order" signed, " B.
W Spence" signed L. H. Rollins, Secretary" " For
collection for the Gard National Bank OF Philadelphia,
T. A. S." Signed, W. q. shelady, for cashier"
In answer to questions by Judge wilson Mr.. Rollins
said that he had made careful search for the engineers
estimates made prior to the Hoxie Davis and Ames con-
tracts but yet he had been unable To ma tnem In
regard 10 his emplOyement by the Company IN "asmhg
ton while Secretary, Mr. Rollins. said that he never
asked officer OF the Government, memDer
OF the Senate or House Of representatives, 10
DO for the Company what he would not have done
himself had he occupied their positions he never knew OF
any money OF the Company that was expended Tor DO
tieal purposes but confirmed the former evidence OF
the r6ce ptOn OF S25 900 by Cornens Nenuei the com
ustion OF Board Of Directors-both pOuea partes
being well represented thereinwould render the deYo
ton Of corporation funds TO any party improbable IN me
would be ncXt 10 Impossible in the
Immediate future. Mr.. Rollins further answered that he
knew of no retainer Of $4,000 or any other sum being
paid in behalf OF the COMPANY 10 any eahuuaee lCa ne
United states Senate neither did he know 0 retainer
OF $40 any other being paid TO Represents
tive for his influence in Congress-
In regard the check for $500 issued March s7l
alluded 20 IN Mr.. ROiuss previous testimony, ne sad
that IL account OF money borrowed for MT BUSH
nell while in Washington, and that IT was exchanged LOT
be no part the $4,000 which he had indorsed three
other drafts drawn by Bushnell on Morgan Sons,
respectively for $3sl o. SlS0J2 40 and sO626 49, which
to make up sI26 the $1,000 paid 70 Rollins ia De-
cember 1870. for services rendered at Washington;
he Lever received dollar from the Company that ne d0
STATEMENTS BY II. c. CRANE.
c. Crane assistant treasurer Of the trustees under
:he Ames and Davis contracts gave additional test
mouy 10y the books. The cost OF building the divisions
Of the road under both contracts was S29i,7H 6l, d
yided as follows The 6G7 miles under the Ames contract
cost S7 2sI % that under the Davis contract which
included the remainder OF the line west 70 the connec
ton with the Central Pacific cost Sl5,G29632 c. The
witness exhibited the balance sheets of the Ames con
tracts and explained them in detail leaving out profit
and loss OF Sl6s O0 caused by the difference between
| par and the price obtained for 212 shares
Union Pacific sold and several other items OF similar
nature, and enumeratng the expense for material DC
The dividends and alotments account OF Amess con
tract amounted to s2O413JOO; the resolutions OF the
trustees authorizing saleSnot under 40 per cent were
read by the witness and the total dividends declared
stated at S929S0O reckoning the stock al par the
cash allotment being Sl62500G no other dividends OF
aloments were made under the Davis contracts there
were aotments, but there was large profit
| stockholders, who, on purchasing first mortgage
| and land grant bonds, received an aggregate
Of twoiand half shares of Union Pacific stock at par
with each bond "a bonus the whole amount OF income
bonds sold under this contract at 30 was S5oOOO ana
carried M 62OO0 IN stock TO the purchasers AT par
the stock the parties nothing the bonds cost the
| trustees co.
@ Is anything the books to tell the cost Of the
IS miles OF road west OF the l0Cth meridian A. NO.
O. Is there anything upon the books TO tell the cost OF
the 35 miles OF road constructed before the Ames
tracti A. No. What the Oakes Ames contract cost the
Union Pacific Company the witness said was beyond his
power TO tell trustees received from the Union
Pacific Company S57I4OC2 "a on account of that con
tract and 76s 10 account OF the Davis coutract
the books had not balanced show settlement;
be did MT think the contract had been charged up the
profit the Ames contract far II appeared on the
books divided, s954960 95 IN stock and bonds at
par, and that the Davis contract fl35 ~ In the
material the discounts charged 10 the Ames con
tracts bon losses securities as appeared on page 2O
OF the trustees ledger, $56,5l5 % could not tell
how much the securities fell short OF completing the
contract.
b. +. Ham will be examined tomorrow on the Union
Pacific books II they arrive He states that some Oi-
ference in the footing Will be shown when comparison
Is made with the trustees books.
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