Delaware Republican. (Wilmington, Del.) 1843-1874, 1873-01-13

'';THE CREDIT MoBILIER.-The deyelopments
OF the Credit Mobilier investigation, now that
the inquiry into the scandal is being made with
open doors by the Congressional Committee
charged with the matter, render it perfectly
clear that Mr.. Cakes Ames, member of Con-
gress from Massachusetts, who is the head and
front of the whole affair." wished 10 interest
other congressman in his scheme for the sake
OF their influence. They also make 1t clear
That the position was not incorrect. We give
inc loilowing sneclnct summary of Il portion of
the testimony:
AS to the members OF Congress thus far
named, we briefly summarize in this place the
nearing ot the testimony. First, as to Speaker
! Glalne. lie Is clearly exonerated from any part
| or lot i'll the discIeditable business. Oakes
| Ames (member Of Congress from Massaclii-
sotts) asked him to take some of the stock Int
/ he declined. The Speakers own denial, under
oath, has the clear, strong, uimistakable ring Of
truth about 1t. For the honor of the American
Congress we are glad TO record this no su.t--
As to Speaker Coli4x, the allegation Of Henry
| ). McComb, that Mr., Collax had "bouaht'
| twenty shares Of the stock was substantiated
| by Cakes Ames 'sho said thatit was his impress
| Jpn that Mr.. ColiaX had received dividends up
on said Stock, although the shares had never
been transferred 10 Mr.. Colfax's name. Mr..
Colfax explained his part in the transaction on
| Tuesday. He agreed to buy 20 shares but new
er got them. Nj. Dawes chairman OF the
1
Anes some money to invest for him; and Ames
placed $1,000 Of il in "Credit Mobiliers." Sub.
| sequently Mr.. Dawes heard some talk about
| 1t, and withdrew from the Concern Judae
Bingham Of Ohio (also then in Congress)
| "b"ugm" Shares Isl ,J00,) and received diyi-
dehds upon it. MIR. Garfield Of Onio, (chair-
man OF appnpro.ion commttee) never took
any stock, AMI never received dividends Sen
atcr Pattei.oD Of New Hampshire, "bought''
| thirty SHARES, (S3 ,000D which were, by Mr.. Pat
tersoas direction, transferred to Morton, Bliss
20 Co, New York, for lin. Mr.. Boutwell,
(secretaiy Of the Treasury never "bought''
| any OF the stock, nor did judge Kelley Of Phil
adelphia, Ames advised judge Kelley TO buy,
but the Judge did not buy He and MI. Bout
| well are eXonera.ed. Mr. Scofield chairman
oil naval afairs) "bought" ten shares, but after
ward Became dissatisfied aud returned them.--
to Senators Fowler OF Tennessee, anu
Grimes of Iowa, there is no evidence except
that of Mr.. McComb. Jas. +. Wilson and VIM
Is. Allison, melnbers Of Congress from Iowa
each "bouglt" ten shares, 6 ,009,) as that was
all that Ancs could let them have Senator
ConkltnS oil New \ oik, never had any of the
| stock, nor had Mr. Elliot of Massachusetts,
his we believe includes the list of members
OF Congress thus far mentioned in Mr.. Nc.
Combs testimony, with the exception of Mr.
brooks Of New ork, Senator Wilson OF Mas.
sachnsetLs, and ex-senator Bayard of Delaware
As TO Mr. Brooks, while Mr.. McComb swears
that Mr.. Brooks "bought" or received fifty
: shares Of stock from John ID. Alley, fthen y
member Of Congress from Massachusetts the
latter tMr. AlleD swears rs positively that
the whole story against Mr. Brooks is fabrica.
Z ton, and MIR. Brooks has so denounced it him.
SELF MIR. Brooks is not likely to be damaged
by the present state OF evidence. Senator vii.
sons wife had twenty shares (S2OO0) of the
stock for brief period. This was the work Of
Ames and Alley, who had taken some money
r presented 10 Mrs Wilson as wedding present
and invested it in Credit Mobilier. Soon after.
senator Wilson, hearing of the character of the
r concern, returned the stock, saying that, al.
though he was 'sas poor as n rat,'' he was an
honest man and would shave nothing to do
with 1t. As to ex-senator Baysrd, there is
nothing to show that lie 'sbought" any of the
I stock, except that McComb said that lie (Bay-
ara) ought to have some, and that McComb
G said that ne (Ames) had given stock to Bayard
| and this turned out to be untrue.
The Philadelphia Ledger, commenting unot
this summary of fact says:
"Ihosc who read the evidence will notict
: ! that Mr.. Aincs always apeaks of the stock ha,l
ing been bought Apropcr understanding al
what TINS means requires the reader to be awalt
| OF the way IN which the thing was done. Whe I
Cakes Ames offered the Credit Mobilier shares
J. for sale il was understood by the fduored Con-
gressm- II who took this lucrative stock that the
par value goo per share) was to be paid for Out
OF the dividends and accretions' and not in
, cash. One OF these dividends was eighty Der
cent! This is kind of selling and sbuyipp
e which the reader will doubtless have diliculty
in distinguishing from giving and taking
U Ii is also necessary to proper UNDERSTANDING
that it shall be kept in mird that the Credt
, Mobilier was made up in large part of the man
ipulators of the Union Pacific Railroad Com
pany; that this last Company was the recipient
from Congress of an empire of the public lands
and $27,000,000 in Government bonds that
these bonds furnished the means for the eighty
per cent dividends; that two of the chief man.
, ipulators of both companies, contracting as
Union Pacific Railroad men with themselves as
Credit Mobilier men, were Cakes Ames and
v John b. Alley, members Of Congress from Mas.
: sachusetts, and that these two members were,
S the instruments used in inducing their fellow.
e members to buy the attractive stock at a time
when, according TO Ames' letters, the Company
wanted more friends in Congress. Ali the
time since these transactions the Union Pacific
, Railroad Company has been trying to get rid OF
its obligations to pay the interest msney, (now
over SJ,0OO,000D which it owes to the United
; States. From all this the public will see how
: essential it was to prevent this investigation
from being smothere dup in the secrecy of O.
, committee. 1t is pleasure to find that ur-
Der of The Congressman above himed have
. cleared their skirts of the scandal and pail ;
full humiliation to Americans that some Of them
7 have 80