New-York tribune., 1873-01-09

RESULTS OF YESTERDAYS EXAMINATION
IMPORTANT FACTS TESTIFIED TO BY MIR. ALLEi-
VALUABLE LEGISLATION AFTER THE sIoCN
WAS PLACED--CoNFLICrING STATEMENTS oN
THE COST OF THE ROAD.
IBY TELEGRAPH TO THE TRBuNRl
WASHINGTON, Jan. S.--The session of the Credio
Mobilier Investigating Committee No was but an
hour in length, to-day and was devoted 10 CROSS
examination of ex-Congressman Alley, on MS WIZ
ten statement of Yesterday. The proceedlngs OF 'e
Committee are considerably embarrassed ny IL no'
being provided with printed copies oil the testimony
already taken 1t has been the custom OF nearly an
the more important Investigating Committees curing
tbo met two wears 10 send the testimony taken to
Che nrinter each day. that il may be IN the hands
of the Committee on the following morning No such
order has been made in this case, and it is imposs-
HE to refer to the immense mass OF manuscript
which lies on the Committees table
Mr. Alley testified on several points to-day, TO
which he did not refer in the statement which he
read Yesterday The first of these in regard to
what the Credit Mobilier books will show as to
dividends which have been declared on the stock
He said that they would not show what dividends
had been made or account of profits from the Cakes
Ames contract for, although these were divided
among the Credit Mobiler stockholders, they were
not profits of the Credit Mobilier Company. He
then gave his recollection Of the value of Credit
Moblier stock at about the time it was sold to me-
bers of Congress. Previous TO December, 1867, he
said il was worth less than par. During that month
it rose in value 80 that in the last days Of the year
it was worth Sl6O. In January it sold for 5000 and
in February for S995. He never heard Of any stock
being sold at higher price than this.
The next interesting testimony was in regard TO
the non transfer of stock to the members OF Com
gress who bought it, Alley said that it was very
fovr luvi oql N a
and not to have the stock transferred to them. In
the case under consideration the owners of stock
were personally liable for the Oakes Ames contract,
but if man only held receiDt he escaped that per-
sonal liability.
Mr. Alley insisted that it never entered his head
that either the L. p r. r. or the c. NJ would. ever
ask Congress for any further legislation, or thar any
would ever be needed. On being more closely dues-
TONED he admitted that two bills Of the greatest
Importance to the u. p. X. r. had been passed since
chat time The first one allowing them to remove
their offices from NewYoTk to Boston, aud the sec
ond ordering Secretary Boutwell, to pay half the
amount earned by the road from the Government
over to the Company IN money. The first OF these,
he said, was matter of life and death to the road
the last included many millions of money. The
witness denied that he had ever had dollar to use
in securing the passage of either Of these bills This
was III ItpiE 10 tuo QucSlIOh niiOVuOi "ii0 "AiiA
thousand dollars had not been given him TO lse In
getting one of them through Congress.
The only other important bit Of testimony given,
to-day, related to the cost of building the Union
Pacific Railroad Mr.. Alley said the cost was about
S69.OOOGOO, including the profits the Ames con-
tract 1t ought not to have been S5OOOO0OO. Judge
Merrick read from document which he heldin his
hand that the actual cost of constructing the road
was S27 221 900, and that the cost Of equipping it
was S7,OO0OOO, making total of &c., 600, and
asked Alley if those figures were correct. He said
that he presumed they were 1t will be seen that
the most Of this testimony, though important, had
no bearing upon the alleged attempt to corrupt
members of Congress.