Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1873-01-16

In answer to q question Of Judge Poland.
Garfield said he had no knowledge Of env
dealing Of Ames with any gentleman in Con.
gress in reference to Credit Mobilier stock.
By Judge Black-Told Mr.. Ames he would
not have any stock where controversy exist.
ed. He derived his original opinion and
knowledge Of Credit Mobilier from Mr.
Train. Mr.. Ames never said the frst word
to the witness to influence his legislative
action.
BY Judge Merrick-Have no knowledge of
any other member of Congress having Credit
Mobilier stock; never saw q share Of it until
Brooks exhibited one in the House few days
ago. Supposed Ames was largely interested
in the Union Pacific Railroad.
THE OTHER COMMITTEE.
The Wilson special committee met Tues.
day night. Among those present were Nc.
was sworn and examined by the chairman.
He testified that he knew Of the Credit Mo-
bilier organization, of which he is assistant
secretary and treasurer, also director. He
produced, by request, the act Of incorpora-
ton, which was put 10 evidence; he knew OF
only onetamendment to the act. The corpor-
alton was organized May 20, 1868. The orig
inal stockholders and the amount of stock
subscribed were as follows: Charles M. Hall,
2495 shares; r. M. Barnes, 249e shares
three or four other parties had stock; he did
not know now who they were; that was long
before he had anything to do with the con-
Germ he did not know whether there were
any books showing who all the original stock.
holders were; some of the books were lost.
including transfer books Of stock he did not
know what had become Of them; he resigned
his position in December, 1868, and was re.
elected secretary in 1870. Witness subse-
quently found and produced book contain
ing the names of the original stockholders.
There were 81, 500 shares of Credit Mobilier
capital, S3,750,0O0, all paid in cash, dollar
for dollar. Witness began reading from
books, showing that in 1864 aud 1866 the
names Of holders of stock and the amounts
paid by them. As this business was likely to
occupy too much time, witness was requested
to furnish a list of stockholders, the dates
they procured the stock and the several a.
mounts. He was further examined as to the
organization of the corporation. Only one
dividend had been declared by the Credit Mo
bilier, which was in December, 1857. 1t was
six per cent. for each of the years 1866 and
1867. In 1867, when the capital stock was
increased, the stock could be bought for 80
cents, but after the making of the Oaks Ames
contract the stock was considered worth 200
and 800 per cent. On cross-examinaticn
witness said that he would be able to exhibit
all the books showing transactions, except
those relating to the transfer of stock, but
this deficiency he could make up from the
books of debt and credit of the stockholders.
He had no idea that the transfer books were
distracted for any purpose. His opinion was
that they were mislaid. Witness was exam
ined at length with reference to the Union
Pacific Railroad Company in its relations with
the Credit Mobilier.
Cakes Ames was examined as to the cost OF
the Union Pacific Railroad, ssaying among
other things that the profits were about $7,-
900, 900 on the expenditure of sixty millions
for building and equipping the road.