New-York tribune., 1873-02-15
THE INVESTIGATION YESTERDAY.

GENERAL PRKSs DIsPATCH.l
WASHINGTON, Feb. 1.-the following testimony
was taken by the House Committee of Ways and
Means, to-day:
TESTIMONY OF Q. G. COLGATE.
Clinton &. Colgate, sworn and examined, testified
As follows:
BY the Chairman-I am desired to ask you to
make your statement, explanation, as you made
t the other day if that is correct TO the closing par
agIaph of the article TO which your attention was
then called, from a New-York paper, winch closing
paragraph is as follows:
"Mr Colgate, the Secretary Of the Bureau. has re-
Gently returned from Washington, where be has been
hard az work and reports that he has 10 doubt but that
ms efforts have been in great measure successful in
procuring the abolition Of the tax. although be has been
compelled, sad, TO make use Of much money to e
feet his purpose"
O. Is that a correct statement7 A. No Sir /
never 30 stated that was compelled TO use much
money in Washington.
O. State what YOU said in reference TO that sub
jeetf A. No official statement bad been made to the
Stock Exchange at that time; the conversation TO
which refer took place in the of the President
Of the New-York Stock Exchange, between B. o.
Wight Secretary Of the Stock Exchange, and my
self; there were several others standing by; in that
conversation stated that my personal expenses had
been very large in Washington; had my wife and
family here and the expense of keeping up my house
in Ncw-Y York; also had TO provide for that; the
details Of my personal expenses were very large;
when the article out in The Nec- York Times to
which You have referred Immediately saw the city
editor Of that paper and asked him to contradict it,
O. Was there any contradiction in the paper a.
Yes Sir.
o You said vou had used no money here A. /
said / had used 10 money whatever here for the
purpose of procuring legislation have my official
report to the Stock Exchange here which, if you
will allow me to read from, VIII show that 30
stated 10 them.
O. Have you any objection 10 Incorporating the
whole of IT, and making il part Of your evidence
A. None whatever; think it is proper, in justice
10 myself. that the Committee should know ex-
actly what i did report 10 the New-YOTk Stock
Exchange.
That report in substance ID as follows:
"Mr Colgate made proposition in writing 70 take
charge Of the and claim business of the Stock Ex
change at salary OF $1,000 per On the 27th Of
February he started for Washington 10 company with
John Denny the Chairman, TO seek IN their behalf
modification OF the then rule requiring borrowed money
employed carving stocks, gold, bonds &c 10 be re-
tired and pay tax capital at the rate Of one twenty
foucth one per month, the fixed capital
employed 50 the business Of banking. He relates spe
tincay lis transactions IN Washington, and alludes
10 the fact that some persons put in claims for
services rendered, adding that no money was
Paid huted by any person connected with the
Internal Revenue Department, or Congress- except in
instance when George A. BaSsett clerk Of the Ways
aud Means Committee, offered his services for the
Of SO per month for the session. and contingency Of
500 in case the amendment referred 10 became law
Tins proposition was omitted TO the stock Exchange
and declined and Mr.. Bassett was never paid, although
in Mr. Colcates opinion the NewYOTk Stock Exchange
has received great benefit and advantages by reason Of
having proper representation at the seat OF Government
IT, as a body, had not been called upon for dollar
toward the expense Of obtaining modification Of the
b taxing borrowed money capital and the repeating
OF The stamp tax on sales although each member Of the
Exchange Is more or less Interested"
Q. Have you those letters YOU were asked to pro-
dueef A. ] wrote to Mr.. Denny for them, and 1
have received his reply, which hand TO you; Mr..
Denny u the Chairman of the iLaw Committee; he
states simply that be himself has been summoned
20 come before the Committee, and, j suppose, will
bring the letters; stated yesterday, after leav-
ing the committee-room Immediately wentIdown
10 the Post-Ofice, and wrote to him to send me
copies OF the letters and he replies as stated here
that he has been summoned 10 come here himself
JUDGE sHERMAN's BILL FOR $1,000.
Q. desire 10 repeat TO you the question Mr.. Kerr
put 20 you the other day, whether it was the i'm
preston of the Stock Exchange that in order to pro-
cure legislation here il was necessary to use money!
A. That was not exactly the question.
BY Mr. Kerr-Tbe inquiry made was whether
the impression prevailed in the Stock Exchange
that legislation useful TO them could be accom-
plished by the use of money! A. That was the
question and replied / thought it could. That
war my impression.
O. then asked you TO give some fact in illnstra-
ton of the basis Of that OpiniOni A. i said that
legislation had taken place. and that there then
a demand made TO the Stock Exchange Of $1,000
for IT,
By The Chaiman-What was the answer made TO
Mr. Kerr's inquiry as to what led you TO that be-
hcff A. My answer to that was that legislation
had taken place and bill for $1,000 sent 10 tlle
Stock Exchange for procuring il in bill by Judge
Sherman for influence with his brother and with
Garfield. q use the name Garfield without any pre-
fix because gave it Just Judge She1rnan's letter
gives it, have never spoken TO Mr. Garfield that
know Of, and ] would not know him if were 10
see him now.
v What else did you state about the matterf A.
] Also stated that knew person who was a friend
Of bJ Garfelds. aud that 1 showed him this letter
ID Mr. DenDys, in which il ie' stated that Jndge
Sherman claims $1,000 for preparing an argument
and working through bis brother, Senator Shsrman
and Garfield Senator Sherman ] had nothing what
ever TO do with; ] never spoke 10 him OH the sub,
ieet; ! went 10 q gentleman called Gen Boynton.
who wss psssenal friend Of Mr.. Garfield.
T. Is that the Gen. BOyntop connected with the
press = A. No; think he bas been detective for
the United States Government; ! spoke 10 Gen.
Boynt0n about this mztteT.
y ssD IDquiriRg what you stated 10 the Commit