New-York tribune., 1873-01-17

was based upon facts subsequently developed, and
could therefore have been anticipated by Moth
ing said about legislation and lcerainly II not
thought of by me-
In answer 10 questions OF Judge Poland, Mr.. Seofed
testified he thought matter was settled early
February 1868 thought dividends declared by
the Company during the time did not receive any dvi
dends; II there were any they allowed in the final
settlements witness had idea that the stock then
worth two three times sipar value the conversation
between witness and Mr. Ames aceidental-it
began on the streets while walking down from the
Capitol and continued in the hotel where they both
boarded.
To Judge Merrick-Mr Ames explained how the Credit
MObier was managed and Its object.
To Mr.. MeCrary-Did not remember OF any legislation
IN Congress in reference TO the road while he held the
stock II there had it would Influenced his
vote.
To Mr.. NiblackMr. Ames said in the course OF con
versaton thathe wond like have Pennsylvania
men in the enterprise it incorporated by that
State.
Senator Patterson Of New Hampshire then sworn
and made the following statement:
. MR., PATTERsON's STATEMENT.
GENTLEMEN OF THE COMMITTEE have had no trans
actions with the Union Pacific Railroad with Mr..
Ames which, in my Judgment calls for investigation or
which any respectable business man would think of
criticlsing Still, am glad respond to your invitation
30 be present this morning and, with your permission,
VIII give you brief but complete statement of all there
is to this matter so far as concerned 1 entered
Congress after all the land grants and subsidies to the
Union Pacific Railroad had been made The only legis
laon which has since respect TO it, the wisdom
aud policy of which any questions far as know,
is the act OF 1884,. which passed during first session
in Congress was not well informed in respect to
the merits Of this great work az now, but have
never regretted the gave at that time then had
but slight acquaintance with Mr.. Ames having
seen him before entered Congress At later period
We thrown together and brought into the relations
OF somewhat intimate friendship Near the close OF 1867,
when could have anticipated any further legis-
Iation upon this sub ect, and since when, il we
except the transfer of the Office Of the Company 10 Bos
ton there has been unless giving construction
previous ac. question raised unexpectedly by
the Secretary Of the Treasury may be considered.
Mr. Ames to the Senate and proposed to sell
80 shares of stock In the Credit Mobier. He repre-
scented the time that he did this friend looking TO
my interest. asked him 10 explain TO me what the
Credit Mobilier and he did SO. then asked him
il was proper stock for member of Congress TO hold
He said he hOught they did not expect to ask
for any further legisatOn and to give strength TO his
view, mentioned several distinguished gentlemen OF
acknowledged integrity, who had either taken pro-
posed to take stock in the Company. then inquired If
he thought it would be profitable investment lie re-
piled that he did, that he should not have offered ii 10
friend. sad should be glad TO take some Of the
stock, but could not, 1 had no money. "When you
get money which YOU wish TO invest, said Mr..
Anes, come to me, and shall have the stock" At
that time proposed ~ take the stock and doubtless,
Mt. Ames expected should; but / found 1t
venient ~ take It before l concluded it
was not best TO take it; and so the pur-
chase was not eonsummated and l never
received directly Indirectly did any ever hold
for in trust pennys worth Of stock of the Credit
Mobilier have been thus explicit because have been
msrepresented respect to this thing and not because
see any breach of proprety personal integrity In
Congressman's purchasing holding this more than
paper WOOL legal tenders, bonds, bank notes, bank
stocks, any other species Of property liable TO be
affected by legislation, but upon which legislation
anticipated at the time Of the purchase On two
casons, subsequently, purchased of Mr.. Ames stock
and bonds in the Union Pacific Railroad, which
placed the hands of friend In NewYo for sale. NY
friend sold them at fair profit. For this stock and
bonds paid the full market price in money earned by
myself These transactions were bona 6de purchases,
and not exchanges Of stock distribution Of dividends
It small investment, but reasonably profitable
and regret was larger il both honest and
honorable, and doubt if there is any member OF Con
gress who would deny the right or proprety of such
purchase to-day. This is the whole Of my connection
with Mr.. Ames. or with the Union Pacific Railroad.
have purchased received any property of any
kind which had any connection, direct or Indirect with
my vote or political influence.
In to questions of Judge Poland Mr. Patterson
testified that mis- first purchase in 1909 and the other
in 1871.
TESTIMONY OF TIE HON. HENRY WILSON.
IBY TELEGRAPH TO THE TRlBUNEl
Senator Wilson next called and being sworn, tes
tilted at follows: vf
BY the Charman--The Committee wish you TO state in
reference to any negotiations transactions between
you and Mr. Ames in relation stock in the Credit Mo
bilier. A. have written statement to make re-
ceived your invitation yesterday; 1 came here this
morning in response TO it, and ready to answer
questions make any statement OF the facts in the case
in the first place, say that Mr.. Anes did not
TO me offer any of his stock Mr. Ames's family and
mine boarded at the house, and sat in the
rooms and most Of the time ate at the same
tables; spoke TO him Of the purchase OF two
mortgage bonds of railroad in the State of Iowa for my
wife; Cedar Rapids bond, think, and another
a Chicago and Wabash bond or some such name; the
money for the purchase hersbelonged to her. and
had no Interest in IT directly indirectly perhaps it
will be well to state how that money came TO her as
some reference has been made TO il III the testimony
the 27h Of October 1861 the anniversary Of our sill
yer wedding bad been before that time for some weeks
out Of the State; my neghbors had idea that they
would have pleasant time at my silver wedding; they
organized committee and went to work; was
sent for TO home and arrived at home
the day before We found they had arranged
a train of from Boston, and that great many
people eastern part OF State had been in
vted to he presents there was immense gathering Of
my townsmen and many people from different parts Of
the State, including public men Mr.. Sumner was
there and q large number Of gentlemen; they made
presents my wife of several articles Of silver OF no
great value then learned that subscription had been
taken up in my town, no person giving more than
So from which they had purchased SILVER set which
was presented to me personally, worth probably from
$500 TO $780, everything else presented came to wife,
before the company separated gentleman who was
in the interest OF this organization, think
Gov. Clafn, l not certain, placed in my