The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1873-02-21


Two thousand Credit Mobilier shares at
$3.50. OBSERVATION-DISCLOSURES, go
Five hundred and eight per cent. dyi-
dends in Union Pacific stock ........1 10, 100
Union Pacific bonds. '...'............. 1900
Seventeen per cent Credit Alobier stock $40
Eighty-six per cent. in gold not count
ing premium. Observation-Disclosures. l,fZO
Total. Observation-Disclosures. ~ ZO
Less par value OF the stock. ............ 1000
ColfaXs brDe. ................... ~, zzU
The Chicago Tribune of Sept. ~ charged
editoriaily that
Messrs Wilson, Colfax, Scofsld, Kelley.
Dawes, Boutwell,, Bingham and Garfield were
not quite 30 high-prced individuals, they re-
ceiying but ~, 600 III stock each making their
price per capita so, O29.
The same paper on the same day, explained
edtoraly how these bribed Congressman got
their money, IA follows:
He (Ames) came before the Congressman
was fairly out of bed, with the first dividends
of sixty per cent. in Union Pacific stock, at
lunch with the second dividend of thirty-three
per cent. in the same stock, at dinner time
with the third dividend of eighty per cent. in
Union Pacific bonds, and just as the Congress
man was going to bed he comes in for the
fourth time with comfortable little fourteen
per cent. dividend, all the shining gold, where
upon the Congressman said his prayers, and
closed his eyes upon the weary world $40, 4lO
better Off than when he arose IN the morning.
On the LIST of September the Chicago Trtb-
me stlgmGtlzed these Congressman as " the
twelve Apostles who sold out to the Credit
Mobilier for $50, 900 apiece.
The correspondent Of the Chicago Tribune,
Gath, summed up the charges AZ follows !:
Tho Union Pacific railroad first begged loan
from the United States of $4,000 TO $50, 900 a
mile, and then robbed it of theinterest on the
l
tingent place and pasted it over with another
and a private loan OF ts own and then swim
died it out of the whole gross sum for the
mail service
Mr.. Dawes, to these Wholesale charges Of
bribery, replied very explicitly ~ follows:
Neither Cakes Amos nor any other man,
dead or alive, ever gave me, directly or indi-
rectly, penny of the stock of the Credit
Mobllier,' or of any other corporation in this
world. | never owned dollar of any stock or
any property of any kind that / did not pay the
full value of with my own money, earned with
my own labor.
His testimony just given, is in direct ac-
cordance with this statement of last Septem-
Der.
Mr.. Colfax, at his home at a late date, took
up the charges above stated, one by one, an
swering them from the Congressional Globe
As to himself, he stated (referring to his long
and open advocacy of Pacific railroad) that
terests was as incredible as that | should need
to be brbed to vote the Republican ticket
You might az well say Methodist had to be
bribed to advocate Methodism."
He also added:
Never having had dollar of stock of any
kind that did not pay for, claim the right tC
purchase stock III the Credit Mobier or Credit
lmmobilier, in oil wells or gold mines promis
ing immense dividends that sometimes fail, IL
banks or i'll water works, just like other Amer
can citizens or the rest of mankind
Neither Cakes Ames nor any other person
ever gave or offered to give me one share, Of
twenty shares or two thousand shares, in the
Credit Mobilier or any other railroad stock
and unfortunately / have never seen nor re
ceived the value of farthng ont Of the two
hundred and seventy per cent. dividends, MOI
the eight hundred per cent dividends in cash
stock and bonds you have read about every
day for the past month, nor one hundred PEI
cent, nor one per cent, nor the tenth of one
per cent. | have said that. if twenty shares
OF 1t could be purchased without buying into
prospective lawsuit it would be good invest
ment, if it was as valuable stock as repre-
ented'
And Mr.. Colfax, in his recent testimony be
fore the House committee after his full eX
PLANTATION, closed az follows:
- / may repeat, therefore. that neither stool
nor bonds were given to me nor offered to b,
given to me ; that | never received dollar il
bonds stock or money, a. dividends that .
did contract to purchase twenty shares o.
stock in the company at par and interest; bu
after a partial payment withdrew entirel,
from what | regarded as an incompleted con
tract to purchase, from repugnance to being
involved III litigation, and that instead o
being enriched by it one thousand or twent,
} thousand dollars az has been charged, an
out of pocket five hundred dollars, and hav,
been for nearly five years.
Mr.. Colfax then stated further that Mr.
Ames never paid him dollar or the value of
: dollar on any account whatever.
AS can be seen, the charge that any Con
gresham received twenty, or ten, or five thou
sand dollars il entirely abandoned, the CUES
ton now being whether they had right t
purchase the stock at all, quite a differen
charge from that on which they were Originally
attached Washington Chronicle.