Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1873-01-23
e he Crdi, mobilier investigation

WAsHINGTON, d. c., Jan. 10.
Mr.. Poland's Credit Mobiler commit
tee resumed its session this morning. G.
W. Schofield of Pa, made a statement
in which he says he has always been in
the habit Of investing any surplus,
and in 1866 he bought some stock in the
Cedar Rapids road. In 81 he wanted to
buy some more, but Ames persuaded
him to purchase one thousand dollars
worth of Credit Mobilier, Ames guaran-
teeing it. Schoield gave him the money,
but before receiving the stock told Ames
he would not take it, and took other Sc
curities. Wasn't in Congress when the
subsidies to the Pacific railroad was
GRANTED. and voted against the aof Of "a
giving their mortgages priority. Moth
ing was said about legislation with Ames
Did not receive any dividend.
Hon. John A. Bingham was sworn
and testified that he placed great conf
dence in the financial judgment of Mr.
Ames and, upon his advice, invested
$4,000 in the Hubbard Silver Mining
company, a corporation organized under
the laws of Massachusetts, but which
had no connection with the Credit Mo
bilier or Union Pacific railroad. In
December 1867 he was advised by Mr.
Ames to invest $4,000, giving Mr.. Ames
the money in February, 1868, for which
Mr.. Ames then gave him written agree
ment to account to him for the dividends
and proceeds Of twenty shares of Credit
Mobilier stock Subsequently the wit
ness agreed to take 81, 900 of stock in
the Iowa Falls and Sioux City Construc-
ton company, paying Mr.. Ames $3.50,
for which Mr.. Ames gave an agreement
similar to the one mentioned. Witness
never received nor held any other stock
in the Credit NIobilier, the Iowa Con-
struction company, or the Union Pacific
railroad, from Mr.. Ames or any one else.
Mr. Ames was the only person he knew
in the contracts, and he had perfect
faith in him, and witness believes he had
a lawful right to make these investments.
In 1868, witness received from Mr..
Ames two Pacific railroad bonds, each
for 81, 900. In pursuance of an agree
ment all subsequent dividends were in
money or Union Pacific stock. The
Credit Mobilier contract was closed in
December, 1870. as witness then wanted
| the money and he received from Mr.
Ames $3.50, since which time he has
had no interest directly or indirectly in
Credit HObilier or Union Pacific rail-
Ames, as dividends, he sold, in 1869, at
SSIc on the dollar. The Iowa Con-
struction contract was settled in the
spring of 1879, and witness received
nine hundred dollars thereon since which
time he has had no further transactions
with Mr.. Ames. These are the aggre-
gate amount received by him on the two
| contracts or dealings with him in rela-
ton to Credit Mobilier or Union Pacific
railroad stock Except from Mr. Hoop
| er, of Massachusetts,, he never heard of
any controversy between Ames and Nc
Comb or any other person in regard to
stocks; and the first he heard of Ames
dealing in stock corruptly was in Sep
| TENDER and October last. Never had
any idea that Mr.. Ames contract with
him was for corrupt purposes, and he
never gave a vote for or against any
measure in Congress, but he believed
just and right, and in accordance with
his sworn duty. He had done nothing
which he believed required an apology
or explanation. He was not a member
of Congress when the act of 1864, relat-
ing to the Union Pacific railroad, was
passed, and he left Congress now, after
sixteen years service, with no more
property than when he entered it, save
what he had legitimately earned during
the 38th Congress when he was not a
member. The committee adjourned I'M
til Saturday morning.
WASHINGTON, Jan. IL.
The Wilson select investigation COM
mittee met at IL. 80 to-day. Mr.. Perry,
counsel employed by the government,
took his seat. The chairman said that
he had received, from the Secretary of
the Interior, the report of the govern
ment commissioners, in which the Wy
oming coal contract is discussed, and
also the names of the government direc-