New-York tribune., 1873-01-20


taled1 A. No, Sir, don't remember.
To Mr. Smithers-Had Union Pacific stock transferred
to him by Mr. Ames, between COO and 100 shares, for
which he paid consideration; afterward transferred
them to Mr.. Ames.
At19t o'clock the Committee adjourned until 10 o'clock
Monday morning
PROCEEDINGS OF THE SECOND COMMITTEE.
TESTIMONY OF o. W. BARNES, T. C. DURANr, j.
NJ. S. WILLIAMS, AND j. b. STEWART.
GENERAL PRESS DIsPArCHl
WASHINGTON, Jan. 18.-The Wilson Select
Committee met this morning at II O'Clock. Oliver w.
Barnes was and testified that he resides in New
York. was Secretary of the Credit Mobiier from May 29
1s69 to May 81, 1870 officer in the Union Pa
eifc Railroad; was a sockholder the Company; made
Investments occasionally, and sold stock; he had 40
shares in the Credit Mobilier acquired them in 1884,
having for them; the first dividend paid Jan O. 1861
when witness received his dividend: witness exhibited
printed circular OF the Credit Mober dated jan q 1867
stating that at meeting OF the Executive Committee
the preceding 2sth OF December resolved that, in
order equaze the rate OF payment under the agree
ment Of February, 1885, ct the OF 1 per Per
annun and interest the amount from July l. 1861 to
Jan. /, 1863 at the rate OF per cent per
annInm it was also resolved that a dividend
of G per cent per annum be declared for each
year. ending the st Of November 1866 and 1867 payable
in stock OF the Union Pacific Railroad Company at the
rate of 30 per cent the value OF the registered stock
Having been Intercepted the history Of the Credit
Mobilier witness said that the charter obtained
from the State Of Pennsylvania; it living organ
zatOn but had not been used the hrst instamens to
the stock paid In small amounts not than ~
or per cent shares OF 800; George Francis Train
came from New-York to Philadelphia and asked Mr.
Hall and whether they controlled the charter
they replied they did Mr.. Train said the charter was
wanted for the purpose OF using the organization in the
construction OF the Union Pacific Railroad. and that
they would be paid their expenses and small condera-
ton for carrying it long they had an offer was
made and witness thought s2OO or $4,000 were paid
for the charter signed the transfer papers in
New.York at the request OF Mr. Durant. Witness was
nterrogated at length TO the transactions of the
Credit Mobier the matter Of dividends the charter
of the Fiscal Agency, aterward changed TO the Credit
Mobier was obtained Nov. 1869 after the transfer
of the charter the business transacted in
although the organization preserved Philadelphia
Mr. Durant was recalled aud testified as to the fran
ebise OF the Sioux City Branch Of the Union Pacific Rail-
road On being asked whether he knew OF any money
having been paid any person TO have certain objects
accomplished, witness replied that he thought Oakes
Ames and John b. Alley had large interest In ii he
heard Ames say he had to Others for their interest,"
and that paid 5000 apiece to two OF the Iowa mem
hers OF Congress get control OF the franchise the
members were j. f. Wilson and William b. Allison, but
witness was not positive as to Allison.
Mr. Durant examined at length and his testimony
concluded. The Committee then adjourned TIL evening
EXAMINATION OF J. NJ. S. WILLIAMS.
When the Committee reassembed John NJ. s. Williams
WAS examined. He said: reside at Cambridge. Mass;
WAS Treasurer the Union Pacific Railroad from May,
1859 10 March, 1871; elected director but never
served as SUCH Of the original subscribers for
$40 OO and held from time time stock TO the amount
OF 500 OOO took Credit Mober in the
% he apA hfa b.
scribed ss2OO each Director from June, 1865 to
Nav 1861 and the Executive Committee with Thomas
G. Durant and A. Griswold Gray; the management was
committed a Railway Bureau OF five members march
1s 1865; the Railway Bureau appointed by the Ex
ecutye Committee the Bureau appointed an Executive
Committee without whose approval there should Dc no
contracts OF appointments; Secretary OF the Rail
way Bureau at the time the Executive Committee was
apponted attempted to make contract with the Union
Pacific Railroad Nov. a. 1867, to build 267 miles oil
railroad for $4,000 a mile, to be completed jan
l. 1863; the proposal was made to L. De carter
the Secretary of the Union Pacific Railroad COM
pauv; he thought small portion OF the ROAD emoraoeu
IN the line had already been constructed; on Deg sseo
his purpose offering to build road, the contract en-
bracing portion OF which had already been cohSuceu
the witness answered was the purpose Of getting
into right hands-the hands OF Dillon and Duf-instoad
~ nurant confidence having been lost IN the manage
ment of Durant, who exravagant the interest
~ the Union Pacific Railroad and the Credit Mobiler
was identical-they virtually one concern
I,uring the examination Mr. Hoar asked whether wit
nas was acting good faith with the Government TO
return as part cost OF the railroad 10000 or 2OoOO
,vded among the stockholders Witness answered they
did not consider there any breachof good iah tney
shoud look at the matter from the STANDPOINT OF the
XXXyIIth and XXXVIIIth Congresses ahd hoe inc
xIIId Congress- they understood the GoVerhmehI
would call on the Company for the lntereS. On
bonds or per cent earnings but retain only onehat
OF the amount for Government transportation
The Chairman asked the witness whether be knew OF
nv money having been paid by the Union Pacific Rail
oad Company or Credit Mober or by any persons con-
aced with them at any time TO influence or procure
the election OF any Senator or Representative III 0on
ress Witness said he had always contributed Tor gen
eral political purposes only.
witness said, in answer 70 question: that beiOann
F. Butler, Member Of Congress. was pald poo W .no
Union Pacific Railroad Company; II was repor.cu enas
Rutler received 5000 but witness could TESTIFY 10 so~
having been paid he had seen IL on the lfeaSurer
hooks this the FAN OF 1867 or the spring Oh 1893
p,er gave advice "A 10 the 0akes Ames contract anu
hoIped the Company at meeting OF election OF omcers
Mr. John b. Alley brought Mr.. Butler to New-fork as MS
orney but the Company took his advice and paid him
for t.
TESTIMONY OF j. d. STEWART
Joseph b. Stewart testified Witness is practitioner
of law in the City Of Washington having been @Aeu
whether he hadsreudered any service for the faeino
Railroad Company the Credit Mobilier ana
,ne witness said he had been earnest and constant
advocate OF all Pacific Railroad projects for many years
and Of national improvements generally he had urged
these measures on members Congress- any citizen
had right to do he tried to induce Congress 10 toa'es