New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-01-27

For this stock and bonds pain the iul mdrho, P'Oo "
money earned by myself These transactions we're bona
de purchases and not exchanges Of stock or dstrou
ton OF dividends This IL tho whole Of my con-
neotion with Mr. Ames or with tho Union Pacific Rail
road"
These purchases, he afterwards testified, were
in 1869 and 1871. Before making his statement
he had called on his New-York bankers, Nor
ton, Bliss g. Co. (as appears from his letter OF
Jan. a.. and ascertaned what their books
would disclose.
A few days afterwards Mr.. Ames found his
memorandum book" and gave fair notice 10
Mr.. Patterson that he should submit Its con-
tents to the Committee. Mr.. Patterson there
upon hurried forward with a supplementary
statement, not waiting for the fOrmality OF a
summons. In 1869, he said, he gave Mr.. Ames
some money to invest for him in Union Pacific
stock or bonds. Some time afterwards MIR. Ames
paid him what he presumed to be the proceeds
of the bonds which Ames had held for hlm
and sold at profit. He never received any
thing else, never imagined that Ames had put
him down for anything else; and he closed
with some indignant remarks on the outrage
of torturing sensitive and high-toned men, and
took an affecting leave of public life. He was
asked if he had not borrowed $1,000 from ex-
Mayor Emory of Washington, to invest III
Union Pacific or Credit Mobilier, and he
said no.
Then Mr.. Ames presented tho statement
from his books. 1t appeared that he invested
$1,000 for Patterson in Credit Mobilier stock
in January, 1853, and gave him the certificate
for 30 shares Feb. IA he gave him 30 shares
of Union Pacific stock and 1928 as the pro-
ceeds of an 80 per cent bond dividend, less
s10j retained for interest June 10 he PAID
him 81 800 as a 60 per cent cash dividend. In
1871 he settled the transaction, and gave Mr..
Patterson about 70 shares of Union Paclhc
stock. Ex-Mayor Emory testified that IN 1863
be Endorsed PattersOn's note for about S3,OOo,
and in February, 1870, he Endorsed another Tor
$4,000; this second note was to pay for stock
in the Union Pacific Road. Now it will be
seen from these witnesses that Patterson had
extensive dealings in Credit Mobiler and
Union Pacific as early as January, 1868,
whereas he swOre that his first purchase was
in 1862 and that he received cash, stock, ana
bonds from Ames at three different times,
whereas he swears that he never received
money but once, and that he supposed to be
from the sale of his stock or bonds. If he tells
the truth he must have supposed that Ames
sold the stock thrice over, and that 1t was the
most extraordinary railroad stock In the world,
$4,000 worth of it yielding first an equal amount
of stock in kind and S2,223 in cash; then
s, 800 in cash; and finally 70 additional shares
of stock in other words, that by the simple
process of buying a rather fiat stock and sell
ing it once and for ALL he found himself with
1923 and 100 shares of stock, besides retain
ing the original shares he started with. But
this is not all. Mr.. Ames testifies that he paid
the 81 800 to Mr.. Patterson by check; the check
was produced, with Mr.. PattersOn's indOrse-
ment. He testiies that the transaction was in
1868, while Patterson swears that he had no
dealings with Ames until 1859; the check is
dated June, 1868. And, on Saturday, the ruin
of Mr.. Patterson was completed by the dis
covery of the following receipts:
WASHINGTON. ID. c., June %. 1868.
Received Of Cakes Ames eighteen hundred dollars
account OF dividends received by him trustee stock
held Tor my account. Signedl j. W. PATTERSON.
BOSTON. May 6, 1871.
Received OF Cakes Ames shares Union Pacific Rail-
road stock and s757 account Of Credit
Mober stock; and there ia still due on the transaction
thirty shares OF stock in the Credit Mobiler OF America
and 81 900 in the income bOnGs OF the Union Pacific Rail-
way j. '" IAIIhhSoh'
There is no conceivable escape for Mr. Pat
terson unless these receipts as well as the
check can be proved forgeries. The Senator's
signature, however must be easy to identify,
and the books of the Sergeant-at-Arms, of the
firm of Morton, Bliss s. Co., and of some of
the Washington banks will probably throw
some further light upon the scandal. Let us
know whether there is confederation in these
quarters of the startling testimony of Mr..
Cakes Ames Let us know who beside Mr..
Patterson have received checks which they
will not acknowledge, and sold stock which
they pretend not to have had.
EPTEND0 IN HOUNrTJ