The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-01-08
The Credit. Mobiiicr TesfanOny-In-
nnrtana Revelations Mndo.

WASHINGTON, January 6.-The Credit-Mo-
biiier testimony made public tonight is eX-
ceedingly vorlminous. Much of it has been
anticipated by publication already made.
McComb's testimony is substantially that
SO shares of Credt-Mobilier stock were put
in the control of Cakes Ames to be given TO
members of Congress that he got his in
formation TO TINT effect from hmeS himself
The idea Of organizing the Credit-MObllier
was TO relieve the directors and shareholders
o: the Union Pacific from any individual
responsibility in building the road, so as to
enable them to share the profit of building.
His connection with the Credit-Mobilier was
simply as shareholder. Dillon, Hazard,
and Allen are the Executive Committee, and
they control the institution with autociatic
power. The 375 shares for which he had
entered suit went into the hands Of Cakes
Ames as trustee. He had letters from Ames
showing the disposition of these shares.
Witness produced letters which he said were
from Ames, and which have been repeatedly
published. giving q list of shares distributed
so members of Congress, including Messrs.
Wilson, Patterson, Colfax, Garfield and
others, md also Secretary Boutwell,.
The statement Of Cakes Ames is very
lengthy. He says that in his efforts to carry
"a
WAS ultimately compelled to ask IN extension
from his creditors, and had persuaded several
friends to take Credit-Mobilier stock, and
when he got the little remnant of unallotted
stock the value had materially changed. His
object was to fulfil his engagements made at
time when the value was very different,
but McComb conceals this. The Office of the
Union Pacific was removed to Boston to
escape from corrupt judge (Barnard), the
tool Of Fisk, and to have its cases heard in a
Federal court. When the enterprise was
tnlfeling he, on application, went into it.
and so had other members of Congress, and
NC one seemed to think it CORRUPT TO rive
those who riskcd their capital the assistance
offered by Congress. 1t was necessary TINT
they should be their own contractors, and
receive for building the road what Congress
offered to any one who would do so. Thus
The Charter Of the CrGdit.Mobilier was pur-
chased.
The profits were contingent on the road
being completed and being profitable after
completion. They needed capital and influ-
ence, and he wished to enlist our public men
and capitalists, meaning to obtain proper
Influence and intending nothing that should
brund him with disgrace.
Every share of stock with which corruD-
lion IS charged was obtained to enable him 10
fulfil engagements with the men he had
solicited to 20 into the enterprise. They
decliHed taking il when they heard OF the
litigation. Senator Grimes, John B. ALLEY,
and Samuel Hooper were in, and subscribed
largely. Mr.. Coliax wanted to get some
stock. 81 am pretty confident he has paid
me for it, though it was never transferred to
him, nor can ] remember having paid over to
him any dividends. AT the next session he
said something about that thing being of.
SeDatOr Wilson was u friend Of mine.
There was Il fund given Mrs. Wilson on the
twenty-tith anniversary OF her wedding,
and was consulted about investing it.
recommended twenty shares of this stock
for $1,000, and the money was paid me.
Some months after Mr.. Wilson objected to
the investment, and felt bound from what
had occurred to take it off his hands and
return the money, which did. Mr.. Paiter-
son bought OF Inc, or agreed to buy, thirty
shares; but it was not transferred to him,
but the dividends were paid him."
Mr.. Dawes invested thousand in it, but
afterwards withdrew. MeSSrs. Bingham,
Garfield, Kelley, and Scofeld all took stock
at his request, but afterwards became disSat-
istied, aud he took il back. He never gave
any either to Senators Fowler OF Conkling,
as McComb charges.
Speaker Blaine testified that he had nothing
TO do with the Credit Mobllier.
Mr.. Alley testified that he never had any
conversation with Hon. James Brooks on
the subject, and never gave or sold a share
Of the stock to any member of Congress.