The sun., 1873-02-01

ps stye ,sesysd about 70 .Ss ;ssrss,.s frS% ,ss
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1 Ham. Al cannot show all. but here are some.
Witness here produced two notices from d. r.
rooted TO him (Neilsonl dated March Q, lses, and
March I. 1889, ANNOUNCING that there we were W% diyi-
n 70 .ss SGp ss and 9s h en- to show the
.PseS Soass q ,er dividend. a..
III S ss ssG Il. on nes s' soqsss ss
sGe % on the sddi,onp shares. is .ee loan r.st sd sh
parties &e bushes. bslwesn M brooks and myself
sce od z .qa sssf sn h,'s ali ss
20 ,e S % y .SSar pf'Sf dn IN
you'd have naturally done go On learning that 0ake.
70
balance due s'' '"e" ~ any '''"' " pA'"s ' '''''
DIR. DURAsT's REPLY TO ALLEYS TESTIMONY.
| DIR. Thomas @. Durant appeared before the
| committee, and submitted n long statement, In
| writing In reply TO the testimony of John B.
Alley before the committee on the 1th OF JaDu.
ary. lie began by saying that the s.atements o.
| Mr. Alley were 80 at variance with the actual
facts as to the two corporations, and so untrue
and unjust to Individuals both living and dead,
that he deemed It necessary to reply, that Alleys
rash statements should not go out to the world
without the refutation which the record Of the
Union PaciGc Railroad abundantly furnished.
He then quoted extensively from the
rsSS 10 the Sas S as % ,Se
|
ton of the. Credit Mobilier, and lts work.
/ Mr.. Ames, Mr. Alley. and their friends were
not original subscribers in the Union Pacific
road, their only interest in the said company be-
holders in the Credit Nobilier. lie next re-
ferred TO the Injunction which he obtained
With Il. Credit MS5er :. ssc 90 per %e fos
| nfty-eight miles. He deemed it his duty, as an
S power OF snt 10 omSn protect the those
| the ckholdere who were not stockholders In
the Credit soeisr ,s 9Surse sss was not sP
to consider all sums saved to the Union Pacific
as robbed from them a. stockholders in the
| Credit Mobilier. Mr. Alley, in his statement, had
| with
| UNPARALLELED IMPuDEScE
attributed to Mr.. Ames and his party the views
Of before The courts
too protect the interests Of stockholders,
yiew. 'a and ss sssions vSSnse wsTe the tms
| After Amcs Co. had acquired voice In the
plans which increased the cost Of constr1ction
was the payment Of large commissions to them
Il such loans Iocomotiyes which had been
purchased at Government sale Of condemned
property. after being repaired were forced upon
that i5o %iies o} the road nett west west Of the some one
hundredth meridian were being huilt for about
Sao,VO per mile exclusive of equipment and
| station houses. This fact appears from the
OF It. He further said that Alley Co. improp-
eriy charged him with many ltams and neg
lected to credit him with others, and thus placed
| him In false position. In order to influence the
election Of the Board Of Directors OF the Union
read sdaTs rom sdsy q bon lion heSry
| Crane and Others.
AS TO THE FISK SUIT,
| the witness stated that Mr.. Ames. then acting
| President of the Credit Mobiler, gave directions
| stock except when accompanied with payment
1 friRnda nrneaadad Tn AMI fha fnr ha
stock; ON the first subscription being made a
parcel Of greenbacks was produced by the party
urer that it was tender Of 55 per cent. of the
amount OF the par value of his subscription,
as the party well knew IL would be. The amount
thus pretended 70 be rendered was not, as wit
Irer, but was retained & % by the he 'p party so
Offering 70 subscribe TO be used the next minute
snStaer Saa h %09g the
the name of John II. Alley, and John ID. Alley
Trustee, amounting in the aggregate 10 tes, go :
thereon was continued for the period OF about
ten minutes in tune, and reached IN amount the
money passed Into the hands of the company,
| nor was II Intended IL should so pass. All this
| took place about nve days before the election Of
| Directors.
THE BYLAWS or THE COMPANY
| provided that no stock could be voted on which
| had not stood on the books OF the company in
| the name OF tho person Offering To vote thereon
| day of the election Mr.. Alley and his friends,
| with Gen. B. f. Butler present their counsel
| In the stockholders meeting passed a res9lI.ie-
| amending these bylaws 70 suit thsn desire !;
tRe duy Sppop nST having previously
opened tio Ynois and commenced receiving
ing upon subscriptions for stock on which no
money had been paid at this election, but Gen.
| the injunctions modified. The election was
carried on in two polls with two sets OF inspec-
the old board, and the other that Of Mr.. Alley
and his friends, and each board OF inspectors de-
stranina Mr. Alleys bogus board iTSe from setting me
was At once procured and served on them, TO
| which they gracefully submitted and never
moved to dissolve the same.
MR.. ALLEY CoNTRApIcTEp ny THE RECORD.
| Tne witness next quoted from the record to
| show when Mr. Alley was elected adirector, and
trustees on Dee B. Pnsyehs Sy ns Osfs sbs
Tressnrer so to to Prosuro from the Union Pacific
produce an equal amount Of full paid up stock
of said company, TO declare dividend Of sixty
the &@es SS ths n
Mr.. Alley voted IN the Affirmative. The witness
| ley that he (Mr. Alley was opposed TO q distri-
button of the, prohts arising under the Ames
contract. On the Sd Of January Mr.. Alley again
dend OF twenty per cent. in Union Pacific bonds.
Witness then testified as TO the $50 shares he
| sold 10 Mr., Alley, and said II think the change
| OF views which he experienced shows that his
| claims for his patriotic and unselnsh course in
| Win LUIS eHIefpTlse are as DaSeleSS
| rs many OF his other statements have been. The
| record shown TO be his. and other transactions
| OF his before tho eyes OF the committee, so dis
Rusted the majority Of them that his resignation
| was insisted upon"
oAKEs AMEss CONTRACT.
The witness then quoted from a letter Of
| Ames To- McComb, dated Sept. II, 1857, stating
| they could not put Durant in as a director un-
| less he Withdrew his injunction suits. That
| was the reason he was making opposition to
| witness, and not on account OF any extrava-
| gance or mismanagement on the part Of witness
| he next cited Oakes Amess contract TO build
| o67 miles OF the road at the following prices
First, 100 miles at $4,000 per mile second, l67
fourth, loo miles at $4,000; NTH, 100 miles at
| $4,000; sixth, 100 miles at $96OOO. On the 18th
| OF October Mr.. Ames assigned the contract to
| seven trustees, but previous 10 this assignment
| the Board OF Directors agreed TO recognize said
| assignment, and accepted the guarantee OF the
| Credit hohllier Company, and To release Ames
from all liabilities under the same, referring the
| details OF such assignment to the Executive
| Committee. A full release from all liabilities
| under the contract was duly executed by the
| proper officers OF the company, and Mr. Alnes's
responsibility completely wiped out.
| WHERE GEN. DODGE HAD GOOD THING.
The wtne next referred to the fact that Gen.
| Dodge, chief engineer Of the road under a