New-York tribune., 1873-01-08

York 70 oIISsT aod others granted py JuuIhe Jh
Bsrnards Court as stateS Court that did not con
Ssr bribery or Ssns Ss ssS Of q
ances c sS friends Of the road and have aiways v9tSa
IL except Mr. Seoed tas1n ,a a t the stock would
Huse sus ~ Nj sconeld TO violate his oath. ., Con
mauSv The stock promised to these members OF Nv %
was ,bn ,Hy Fai of isSsi No, Sir; think not; the
g.r ~ The company was an taken up as we supposeu
but this a@opn o, ss understand IT he had
pad for It. aud the Company MADE nun M , sser s sole
o. What want to is this; y seems ms from n ss ans
AGREEMENT or consent Of the steckneaers Iat yVs @
had SeeS promised various parties want TO s.k you
hat promiss, GaS "a tS,nk not think not before
,he su,nsser Fan OF 1851.
How THE STOCK WAS PLACED"
q Was not stock promised to anv members OF Con-
srcss prior the summer or Fan Of 1857 by you or TO
1oar knowledgei A, Some members Of Congress owned
a before this and think members of Congress
had spoken to me about il told them would try 10
get some but had none 20 give them until the stock
70 the Company had sold some OF my own STOCK
When was the act passed which subordinated the
,,vernment loan that Of the Union Pacific Railroad
"a DID any member Of Congress hold any of this stock
prior 10 that time A. think not; 40 hot hnoM o
any had nothing to do with II TN i0nS "i''' 'N"'
when you received from m these & gentlemen tsnSin
for stock 80 assigned 10 them OF ala ~ sum MAI,
IN your name A. 1t stil renamed Ia my H"ie' noS'
o. why was It not assigned A. do not know Of any
reason except that when man buys stock ana Kets
there is no use OF a9stsna& @ & a. St %ne any of them
O. was il kept in your name because the transaction
such they did not want it to be public A. NO 'H
O. How frequent were dividends declared on the stock
Of the Credit Moelier A. All the DIVIDENDS & t1at sC Se9
am positive, but think there has been no DIVIDEND
Q. How many within that hmei A. cannot tell;
@ see in this printed pamphlet before me what Pur;;
poI I no 20 pc % coIec m u IL az follows April 9 1850 loo per
cent In o. p r. r. stock April l. 1861 500 per cent FIRST
s0EfseS oSE ocEs J3T nj 1855 SO per cent First Mortgage
bonds u p r. K Co same day, 100 per cent o. F. X K
sS1repcS SG sl0?E same 'iGS 6ay per cent Co. stock
July g. iSCs rs per cent o. y. r. r. stock same Gay 20
iscs 100 per cent o. p K R Co.'S stock day. IS per
cent FIRST Mortgage Bond u p X T. CO.. DEC &c. A. I9'o,
correet have no reason to doubt IT. TINS st seems 10
O. do not understand distinctly your answer to Mr..
McrTcRs question 70 bow many members OF Congress
received these dividends upon that stock and what
members did not receive it among those you have
A. think that all who paid for their stock re-
menced; that Is my impression.
@ Who received the dyidendsi A. Mr. Patterson
Mr.. Bingham, and James 4 Wilson did, and think Mr.
Coiax received part Of them; do not know whether
part OF them Messrs Kelley and Garfield never paid
for their stock and never received their dividends
WHO took stock in the Credit Mobilierf A. have men,
toned all that have been named here.
present Congress who took stocki A. l think have
q. Are You certain on TINS ponti =, Ihere Is no
member Of the House now whose name have not men'
toned.
Oss wbSSe names were mentioned here before You
nommenoed testifyf a Yes Sir; that was under
snS M SI '9 Sd Nr Hson names would not have
been mentioned If Mr.. McComb had Dot mentioned them
WHY AMEs DID "KOT FEAR AN INVESTIGATION"
O. Had not Congress investigation into the affairs Of
the o. p T. r. Co. and the c. NJ. one or both Of them,
been threatened prior jan so 1851 A do not know
whether there had not 1t used to be talked about
sometimes up there IN New-York. do not know that
O. Was there. or not an investigation by Congress
ferTod TO in your letter 70 Mr. MeC0mb OF January so
here - A. Tis probable; had nothing to fear from
o T,eH n co1eress investigation had been suggested
prior TO that timei A. Up there IN New-Hork-not here
O. You saw in the same letter that in view of Kings
letter ana WaShogIn Urn Move you go 10 i0r IN 1T m W t5e
S, "a 49,, h.- ~ ,5,sbi,r ,1a5e an atftcl, unon
the U. p II. Il. that we were charging 100 much iaIe
that lands enormously yaluabIe-worth 5t SO
an acre for the akali regions the Plains; that the
Company not going 70 build the road so as TO be
good Tor anything; that the object 10 get the Gov
bonds and then abandon the road 10 the Gov
O. HAD Washburn said anything about an investiga-
tons 4. do not TecOect ihat he had; we wanted 10
charge; be wanted US TO be restricted to a tain
amount; hat CT the things he claimed; do not
o. In yonr letter TO Mr. McComb Of Jan 25 1865 you
say you think that the dividends having been paid, you
ought make the Credit MoOilier capital SiOO0OO, ana
distribute the stock where II VIII protect YOU &c;
woaid protect you7 4. Placed with men of character
property, and staudnSi wanted tlat huch men shouu
own IL and nave interest with US.
no FAVORABLE LEGISLATION EXPECTED.
O. Did you have any reference TO that protection which
you might get favorable legislation in Congress
A. No, Sir we did wishiany legislation from Con-
ress did not expect any Congress In 1864 had given
us an we asked that was before had anything TO do
with the road did not expect anything further.
q YOu speak n the same letter IN regard 10 tle 9V pr
trbutiOn here now dld you propose 70 usIlOue JntI
here IN Washington A. To carry out my engagements
stock; that January; the s5O0 OF OIq stCcK
mad got was entitled TO the Increased stock; when the
increase OF capital made 10 applied 70 that stock
was The increased the $50 shares assigned me-
q The stock list shows that you had the % shares
my recollection; bad both, at any rate ,,,.,,
q you think the sS shares Is 50 per cent adduonal
stock the 2JOi A. Yes, sir; should have had lZ5
o. You sneak OF 4ley aud Cisco being on the Finance
A. To the L. p. r. r. -
Q. You did not refer 70 any committee Of Congress
A. No, Sir; MT. Cisco was not member OF Congress
supposed that they could raise money as memPers ere
OF the Finance Committee Of the u r. X H. Co.. IL we
came short.
q. What effect was produced in your mind that Of
the company by the reports made Dy one tne @
ment directors in 1866 1867 representing that the road
had been Improperly buit tnat the structure & was was
duced on mind was that we had TO make II perfect
Q Had II anything do with tins transactionf A. NO,
sr, nothing whatever; under a mlsapPrehenslon Ia
OF me report you sooe 70, sne %
that the road was net built in thc1proper man
came Washington at that time with my brother
and gave bonds do know how much, one or two
million, that the road should be properly constructed
Mr.. BRooKs's soN-NLAw.
By the Chairman-Q. understand you TO say that Mr.
Brooks, you understood stoekholder OF the
Credit Mobilieri A. Not TO my knowledge.
q, DO you know his son, Charles Nelson in New
York; A. 1 do not know him; 1 know there is such a
have heard Of him as being sonin-law OF MI
Brooks and stOckholder think part OF the STOCK MT
Durant dstrthned went 70 Mr. Neilson as he mad prom