The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-19
CREDIT MOBILIER.
Proceedings of the Poland
Committee.
Statements of Benjamin n. Boyer, James N.
Wilson, Commodore c. K Garrison
and George w. Kennedy.
WASHINGTON, Jan. Is, 1873.

and George w. Kennedy.
WASHINGTON, Jan. Is, 1873.
Judge Polands special committee to inquire into
the Credit Mobiller charges resumed its session
this morning, and Benjamin NJ Boyer ex-member
Of Congress from Pennsylvania, beng sworn made
the following statement
BENJAMIN NJ. BOYER's TESTIMONY.
Isppesr voluntarily before the 0ommee without
mony as the owner Of stock in the Credit M9biier while
amned to my that
concerning IT, TOOK the r STOCK IN my own name and
have he books VIM s5ow held ss ,yssss
I.yss made stock Ss
St. did no Ms ~
s cnsd ss Msr By as
the Union r Paee Railroad mad ali voted
became member Congress and the legislation relating
s
am not conscious OF ever having voted whilst Con- ON
credit son tho onion Ra,Poaa
n s
by Dr. Thomas G. Durant who was my personal friend
AGREED THE PURCHASE OF osE HvsDnsD snAnss
is % S By NO esr
take there diticulty and delay in obtaining
paid isr and transisrrsd me pscempsT
e h M r e
this oompsed the orsins Contact between
how he pSsiio one con
Psc RAILROAD ever 'na reeS or or in an
way limited that my
were expected in behalf Of either CORPORATION in con,
the
A. Of 6 the hip Of
owned stock in national bank, in an iron furnace
All hfse the G
ind nothing in conduct in that regard to regret
soTH HONEST AND HONORABLE
and consistent with my position as member Of Con,
my only regret Is that i larger in amount
ned M s not naSre M Ms
through Whom he was to get the STOCK contracted io he
~ 1as Hsas stSsS
cember 1867 through Or. Duran paid for when
nc s he
Mr. he ever
with him on the subject until after witness became
By Mr. Merrick-Lct Congress in 1869 never voted to
smother any Investigation into the affairs OF the Union
James N. Wilson, OF Iowa, sworn, and testified
JAMES M. WILSON'S STATEMENT.
stock the Soqg ana Ra tor sn Sa he
the shares was 500 cashin ALL $1,000 the purchase of
Ames was soliciting subscriptions to the stock OF said
ASKED ME TO SUBSCRIBE FOR $4,000 OF IT,
Sscnsa to DO heard sShns mSs Of this
had
character had never heard any reproach who during
him
had aS assneS to s for Of & S
ws SS eek ma
little about il and inquired its value he said that would
Of On n a S% b a aou get not
at par and that he would take It, furnish the money to
A LIBERAL COMPENSATION NEGOTIATION;
subscribed number Of shares that he had made the
recognize his substitution and trying to cheat him
out OF his rights under IT. i, that he was sro
and that he could not get 1t quietly and peacefully he
have any Unnecessary trouble about it that
ne would not ee cheated ont OF it. and that be was willing
that 70 % lead to e delay any
@ he On mind was
r. te UHd s sS
ton he said tns there was other stock IN the same posi-
that reasonable for the company treating
him as they ma" sr sSns "a as TIT, CONVERSATION
mad n dr wsTe nO We 3cs noTSea That
sOud have he said no; You declined to subscribe Tor
and it has been disposed Of replied that had been
and that could have nifty shares he replied that the
suit q his fS ME- %hO sand s was
and that he could tahs Of himself and friends
2%ss again and tell him that there ( no mistake
nS9S hs se AND nss sat Again n s aS Ss SGre
Combs was not and repeated his former
that he
believe that could be, but that he going to
serwsrd Mr. Ames told me that he had arranged Tor ten
sh the @ most he do them bn he
would see { he could do WY more took the ten shares
more We're arranged or when subsequently told Mr. Nc
s mac had
that TO Would look oo me Ike
tunity but as have stated he never arranged for
n e
sold IT. the reason for which will state "A good deal of
in The Union ' PacSc Railroad and the Credit SoSer
panes, and effort, to be made at meeting Of
py % 1885, to change part f. h BOARD Of
% mi IN s s asd Pacc the
yS,s 8 ns ~ me Them q
,y he
Credit Mobiie and certain parties designated Al ru
submitted copies Of certain papers placed in my
cns h saSs IN % I Se
nrs Rart DR Rn.n 2yer Amss John B. AeS sid
an s Bates q he second part The 6rsas aoesT Of
Aforesaid parties OF the second part, in which they
BOUND THEMSELVES vorH THEIR srudK
and that tor which they held and should hold proxies
watch represented TO embrace all that Issued
be issued under the cakes Ames contract in the
provided In the agreement and other papers not
bearing directly on the question submitted examined
the question and opinion TO the effect that
holders the Union Pacific stock could their
shares regardless Of the with it, and that
The affairs Of the corporation could bc tied in the
hands Of a few individuals in the way attempted
BY tie terms ~ said contract and agree
blher wss one which might render every officer and
re- a. which
1as party 10 IT, accountable 20 the latter company
profits accrung him from the construction
down 10 The time these papers were placed Ia my
tanfs knew almost nothing OF the organization and the
ceas OF the Credit Mobcr of the value OF Its stock
lut then saw that there
roR FURTHER TROUBLE AND LITIGATION,
as one of results sold my interest, and have
~ no lime since been IL any manner interested IN ire
Credit Mobilier, did time in manner
hive ary interest OF any kind character in said
company other than as hercinbeiore stated Tar