The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-01-08

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Durant gave evasive answers and he was
told they must be paid Tor or sold for the
benefit Of the company. Trouble ensued
with Durant; he was turned oul
ot office. Alley and friends obtained
control. Witness had no intention Of in
fluencing these parties in Congress; didno
want any legislation at the time. Witness
couldn't specify any who spoke for stock
there were 80 many of them; thinks Pat
terson, Dawes, Scofeld, Bingham, vii,
son and Colfax applied; they applied
when they heard it would be good In
vestment. This terminated the cross
examination. -..-. ...
Alleys testimony: These $50 shares
were carried along, Ames making every
effort to sell them.
Alleys further statement appeared to
show that Ames induced Wilson to In
vest $4,000 OF his wiie's money, the pro-
ceeds OF presents to Mrs. Wilson on their
silver wedding, but upon reports being
circulated which seemed to cast shade
OF impropriety upon the transaction Will
son insisted upon their being taken back.
Alley gave q statement relative 10 the man
ner In which Dawes became possessed
Of some shares, but which he
gave back 10 Ames on learning
that there was to be o suit; also, that al.
though Boutwell, had conversed with Al
ley and Ames about taking ten shares, he
did not take any Of the stock, and never
had anything to do with it.
Alleys testimony also shows that SEQ
field pursued similar course TO Bout.
well. This concluded Alleys testimony,
and the Committee adjOurning to the 7th
Of January. .r-
Testimony Of Mr.. COIfax.
WASHINGTON, January 1.-THE Credit
Mobilier Committee resumed the inVesti.
CATION this morning. Isl .H.
MIR. Coliax, after briet preliminary
statement, was sworn, and gave his testi.
mony in q written form, as follows:
~ had expected, alter the Speaker had
testified, l would be the next one invited
before this Committee on December 10th,
to be allowed 10 testify, and that my tcs.
timony might be made public. l state
explicitly that no one ever gave or offered
to give me any shares OF stock in the
Credit Mobilier or Union Pacific Rail.
road. have never received nor had ten.
dered to me any dividends in cash, stock
or bonds, accruing upon any stock Of
either Of said organizations, aud neither
MIR. Ames nor any other perSOn connect.
ed with said organization ever asked me
to vote Tor or against any measures af'
iecting tho interests OF either, directly or
remotely, or to use any personal lnau-
ence in their favor desire, however, to
state all the circumstances through
which, probably, my name came to boI
associated with this organization: Five
years ago, about the time Of the holiday
recess, Twas conversiug on the floor OF
the House with Mr.. Ames In regard TO
the Pacific railroad, intaVor OF the build
ing of which previously made hundreds
Of public addresses. In the course OF
this conversation he asked me II 1
would not like TO purchase some stock in
the Credit Mobilier, Up to that time !
knew nothing Of its capital or profits and
enquired as to its objects and the value
OF the stock. Asnear as can recall this
conversation after tho lapse OF so many
years, was informed by him that it was
q legally corporated company, composed
Of the principal stockholders OF the
Union Pacific Railroad, who were them
selves building the road instead Of letting
It out to contractors, who always expect
ed large profits for their risk and their ed.
yances OF money for supplies. told
him after his explanation that 1t looked
like good and safe Investment for one OF
limited means, and l would be willing to
purchase twenty or thirty shares at fair
price if I had the money, but | added
frankly that l could not pay Tor them un.
Ill two or three months afterwards, as my
housekeeping expenses in tho opening
months OF the season were much larger
han the average. He replied he would
contract to sell me twenty shares at par,
1 I would in addition pay interest until
he final payment I inquired what per
cent 1t would pay, and he replied that
here had been large dividends, but rs the
'oad was pushed farther into the interior
he profits might not DO large, though
hey would be very sure and remunera.
i've. The Union Pacific railroad had
no legislation that I know Of pend
ing before Congress at that time, nor did
suppose there could be any in the future,
Is the last amendment to their charter,
the issue Of tho first mort.
gage bonds which should have priority Of
he government lien had been enacted in
1884, over three years before this con-
Versation, inferring that any questions ar.
rising under their charter, would be judi
ciallY settled. Supposing at any rate that |
had the same right to purchase this stock
IS to buy stock in q national bank chart
cred by Congress, or in o mandatory,
told him I would agree TO purchase
20 shares at par and interest, TO be paid
for as soon as had money. Some weeks
or months afterwards at the same session,
paid Ames about $500 in cash on this
contract OF purchase, being all the
money had but received no
nor certificate Of stock
in whole or in part. My impression is
that he told me that one or two dividends
had been earned, but that they were not
In cash, and were as yet unadiusted.
did not receive, and was not
offered any in cash, or bonds, or stock
then or since. A few months, or weeks,
alter this l heard q rumor that ar, ,un-
pleasant controversy existed amongst the
Iargest stockholders which was certain to
involve the organization in a prolonged
litigation. The very day l heard this
rumor told Ames that no profits, present
or prospective, could induce me to buy in
into q law suit; that had never been,
during all my life, plaintiff or defend.
ant In q court Of justice, and that l must
recede entirely from any trans
action between us, and did not want
stock Of any kind on any terms that
would make me party 10 litigation. He
assented TO this, and nothing was said as
TO the money paid, my anxiety being