The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1873-02-28
n.r Jobblng Vico.President.

iax n ~ ussntenber, In which, in alusion to his
T Saas al corrupt complication with Credit MO-
s a,vs stock, he said:
llIeI am nroud 10 say, too, that ir all my pubic
=, :" man ever dared to make me q dishonor-
W. u.,. - nroposition. Do ! need 10 sdd tIiat
a aD,ber Cakes Ames nor any other person ever
nenno o. offered to give me one share or twenty
save gave ~ or 600 shares in Mobilier or any other
'naIesd stock. and that, unfortunately, ! have
Iaiioa saceiyed the value OF farthing out OF
mover a7c ner cent. dividends, nor the 800 per
tue Aavidends, in cash, stocks and bonds, you
sen. CEN. read about every day for the past month,
n ~, 100 per cent, nor ! per cent nor one
tenth tan Of II per cent. 1919 ,o,ora ,ho
Dit MobiIier Investigating Committee. Mr..
c,lssx testifies a. follows;
oo !. 7 tate explicitly that no one ever gave or
II 90 give mo any shares Of stock III the
o @sst Mobilier or tho Union Pacific railroad.
I ,nass never received nor had rendered to me
.n dividends in cash, stock or bonds accruing
spV" ~ / told him (Oakes Ames, in De-
,hsr 1861 I would agree to purchase
eeny sbares at par and interest. to be paid
~. .N'ns' soon as / had the money Some weeks
loi % afterwards, at the same session,
VI Oa; Mr. Mr. Ames about $500 in cash on the con-
i pact 81 purchase, being all the money had.
~, received no dividend nor certifcate OF
stock in whole or in part. MY Impression y
~. he told me that one or two dividends had
n na, earned. but that they were not in cash.
v "a we're AZ vet unadjusted. Certainly did
an 'at raceve any. and was not offered any, III
n.sh or bonds or stock, then or since
."1 Cow months after this heard a rumor that
UNPLEASANT controversies existed among the
,argest stockholders, which were certain to III
yoye the organization IN prolonged htigatioh.
Tho very day I heard this rumor told Mr..
imes that no profits present or prospective
could induce me to buy into lawsuit.
the next wear. or the year after, Mr.. Ames sus-
handed payment, in consequence, ~ WAS saiu,
~ financial investments connected with the
Pacific railroad, and his creditors gave him an
extension Oh his liabilities; but, regretting his
failure and its cause, told nm TO DISMISS
rom his mind the small amount OF money be-
tween ma. / may repeat, therefore,
that neither stock nor bonds were gwen to me,
nor offered to be given to me that l never
,areiyed a dollar in bonds, stock or money as
diyidends that l did contract to purchase
twenty shares Of stock in the company at par
and interest, but that after partial payment 1
withdrew entirely from what l regarded a. an
Incomplete contract, from repugnance to being
Involved in litigation and that instead OF be-
ING enriched by it IL 900 or $50, 600 a. has been
charged. l am voluntarily out Of pocket $500.
and have been for nearly five years.
Mr.. Colfaxs story, then, amounts to this
that he agreed to buy twenty shares OF Credit
Nobilier stock at par and paid some $500 OF
the purchase money but fearing lawsuit re-
fused TO paw the remainder, and about year
or two thereafter forgave Oakcs Ames-he
then being i'm dificulties-the $500 and thus
ended the transaction. never having RI ceived
any dividends whatever therein. This pleas
inc romance ia rudely treated by the proceed
ings before the Credit Mobilier Investigating
Committee on the oath inst 1t then appeared
that the precise amount paid by Mr. Colfax
was S534. ~. and that this sum completed the
purchase and transfer to him Of twenty shares
Of Credit Mobilier stock. In other words, Dir:
Colfax agreed to buy twenty shares at par and
interest and when he came to pay the pur-
chase money Cakes Ames informed him that
there was a dividend Of 80 per cent. due him
on the shares. and that this dividend would 60
so far towards paying the purchase money
par and interest-that he, MIR. C.. need only
pay over in cash 1884. ~ to complete the trade.
Mr.. Colfax gave a check for :53i.12. and
thereupon became the full and sole owner OF
the twenty shares. In mercantile way the
transaction stands thus:
SCHUYLER COLLAR IN ACCOUNT WITH CAKES
AMEs
To 20 shares by ~ ~ c. divi-
Credit Nobilier dend in bonds,
at 100. 100000 per cent. OF. 81 ,5S2.oO
To accrued ill., ny check 10 sai- 90. =,
Total. .s2.oss. ~ Total. ...... g., ose.oC
That all that Schuyler Colfax paid for his
twenty shares was S534.72, and that there
upon the shares became his let us prove by
Schuyler Colfax himself. Here is the testi'
mony:
by the Chairman-Mr. Ames says the
amount he received from you was 1854. az. dc
you concede that that was the amount!
Mr. Co1fax--T think il WAS.
20. Did YOU understand from Mr. Ames
that this 1884. ~ was Q balance from YOU &c
complete the payment for this stock
Mr.. Colfax-I supposed it was a conjec'
tural balance.
20. You say that you did not understand
Mr.. Coifax-I understood that there were
dividends earned but unadjusted, which woule
probably make up the balance.
20. You did not understand that THU
amount finished the payment Of your stock
but Won did understand that dividends hat
been earned which would probably amount t.
"Gr. Colfsx-Yes; according to his state
ment, enough to pay and overrun tn
amount"
Here, then, is Mr.. Colfax testifying to {
very curious state Of things. On the one han'
is Cakes Ames with twenty shares Of Credl
Mober STICK worth at the least par, S2,OOO
and accrued interest s8672, and entitled to
dividend Of 80 per cent, discount OF, 81, 552
equal to 80, 638. u in all. On the other ham
is Mr.. Colfax with his frugal pile. Give me
says.Oakes Ames, your check FOR s5S4.72 an
the fuxuriant securities hold are yours. Flo
the sum named will give you not only tn
stock but money enough to complete tn
purchase Of the stock. My house il wort
$4,000; give me 300 and will give you tn
house and 50, 900, with which You can pay m
the balance due. Now . transaction Of thi
kind, where one for cents buys not dollar
but the lacking 95 cents requisite to max
the dollar, is necessarily unclean. 1t is thieves
brokerage, junk-shop dealing, financial pane
game.
And yet Schuyler Colfax, yice-President 9
the United States, is smutted with this filth
In the words of that good book he has 8
often quoted to loil Sunday-schools, he ha
touched pitch and is defiled; he has mad