Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-01-22

politically or constitutiOnally, it is no
written in any code / have eve
read or heard of. Referring to his ex
planation in the case of Brooks, he con
fessed himself fifty shares, and sai'
: nothing about the hundred shares, a
McComb had charged specifically; tina
all they had given him were thos
shares; besides, he had consumed tn
hour allowed him, and could not say al
he wanted to. Witness felt enough
interest in the matter, after he becam,
Government director, to see tina
his sOn-in-law should get hi
fifty shares, which he was en-
titled to. The first impulse o
witness when he become a Government
Director in the road, was to sell all tn.
Credit Mobilier stock he held and pock
ct the proceeds, but subsequently b,
thought he could transfer it to his son
in-law.
Mr.. Niblack-Well, to be frank with
! you, Mr.. Brooks, l think it would have
been better in you to have retained the
stock in your name than to transfer il
thus to your sOn-in-law.
Mr.. Brooks-I think not. Let me ask
you, Mr.. Niblack, was it right for me tc
hold Government bonds during thewar.
Mr.. Niblack-0h, well, / don't want
to go into that subject. 1t is ar
gued that we should hold nothing
which can be affected by legislation.
As to myself, have always made il a
point never to hold any kind of stock.
Mr.. Brooks-Oh, well, if we are to
own nothing in this world l fear the
Democratic party win never get any
votes. Laughter. What would you
have done, Mr.. NiblOck, had you owned
valuable right that
Mr.. Niblack-Well, I don't know; l
never was so fortunate.
Mr.. BrOOks-Well, I suppose / have
done my share in abusing people in
newspapers, and / am getting abused
now. The newspapers hurt themselves,
however, by circulating these scandals,
as they forfeit that respect which they
should maintain. | have money and
must invest it. | never let my money
lay idle; if | should only get two per
cent. year / would invest. ! invested
in United States stocks during the war.
Some people thought it patriotic; | did
not, but did it as an investment.
By Senator McCrary-Neverr received
anything. from Nelson growing out of
AhC NACAAll AlOulllCI IIdLlSdGLlOI, GAteDI
ten thousand dollars which he advanced
him.
Senator Patterson again appeared vol
unfairly before the Committee. He
said the only legitimate inquiry before
the Committee was whether the legisla-
tive action had been improperly infiu-
enced; what property, or how much he
might purchase, was not open to legisla-
tive investigation. His object in coming
before the Committee was to explain
more fully point on which
he differed from Ames's present
position. Having some money to invest.
placed it in the hands ofAmes, without
thought that this Credit Mobilier stock,
represented as so profitable, was in the
market, and with no understanding on
my part certainly that he was to secure
for ME stock or bonds in the Union
Pacific Railroad and dispose of this
sum in such time and way as
he could realize most for them.
On one occasion L have no
recollection of any other, he paid me
some money, which then and now be-
lieve came from the sale of stock or
bonds which he had purchased and held
for me. a day or two since he came to
my room and said he had again been
called before this committee, and showed
me for the first time a memorandum
in which he had credited me
with thirty shares of stock in
Credit Mobilier and two dividends
on the same, suppOsing was to receive
stock or bonds, or their proceeds, and
never having received anything else. L
thought | had got what l paid for, but
AmeS, IL seems, not wishing me to suf-
fer from my ignorance of the mysteries
Of the Pacific railroad management, had
put me down for stock in the Credit Mo
Dilier, and assigned me what received
IS dividends on the same. So far as
his investigation is concerned, it is a
matter of indifference to me whether
his understanding or mine is correct, for
IA either case it was simply an invest
ment for profit, and had no connection,
IN thought or act, with legislation: but,
i he is right, somebody owes me a few
thousand dollars, which, if they will |
have the goodness to cash, 1 shall find
my venture more profitable than | had
lOV reason tO pXDepf