The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1873-01-07
from the Springfield Republican.
Amesgys. Ames-.A Witness yvho
C0ntfadicee tlimself.

from the Springfield Republican,
Ames vs. Ames--A Witness Vine
ContfRdicts tlimself.
Finding denial no longer likely 10 serve
his turns Mr.. Oakes Arnes, NJ. G., has at.
tempted the somewhat difficult and dan.
fgerous mauesver ofchanging front ID
the face OF the enemy. He now frankly
admits that he did transfer Credit Mobil-
ier stock, as charged, to supdry Of his
fellows -Congressmen, and undertakes to
justify the proceeding upon the highest
moral grounds He is now Understood
to claim :: First, that the sale of the stock
in question was purely business trans
action. The purchasers paid par value
for what they got; there was no question
of votes, past or prospectiye,n of Con-
gressional influence; the. Pacific Railroad
has already obtained all the legislation
that it wanted. Second, that his motive
in selling this stock wasa purely friendly
and benevolent one. Out of the kindness
of his heart, he simply helped some ol
his poorer associates to paying invest
inent--"let them into "a good thing. 49,
The only return he, desired or expected
was the pleasant internal glow which rs
usually observed TO follow The perform
ance of an unseltish and disiHlerested &C.
ton. S4 f73 7a ~
This is the explanation that Arhes of.
fers in 1872. 1t happens that he offered
quite different one five years ago; ano
it may interest Our readers to see the two
in juxtaposition We therefore reprint
some old letters, the genuineness of which
is no longer disputed in any quarter-Mr
Oakes Ames, NJ. c., having acknowledg.
ed them as his own literary and CONNER
cial offspring. Although they are moi
exactly new to the public, they will richly
repay fresh and careful resding::
WASHINGTON, Jan. 25, 1858.
81. s. NcCemb, Esq:
DEAR SfR: Yours of the 23d is at hand
in which you say Senators Bayard ant
Fowler have written you in relation te
their stock. / have spoken to Fowler
but not to Bayard, but will see him soon
Yeu say I must not put too much in one
locality. / have assigned, so far as ! have
gone, four for or from Massachusetts,
one for o4 FROM New Hampshire, QUE
Delaware, one Tennessee, one Ohio, two
Pennsylvania, one Indiana, one Name,
and l have three to place, which I shall
put where they viii do most good to us
am here on the spot, and can better
Judge where they should GO think af
ter this dividend is paid we should max,
our capital four million dollars, and dis
tribute the new stock where it Wiz protect
US. Let them have the stock at par ant
profits made in the fntare The 'ffty PEI
cent. increase on the old stock I want for
distribution here We allow Durant te
place S58, 900 to some three or four Of BIZ
friends, or keep il himself, ! have uset
this where il win produce most good fol
us, think. In view of King letter ant
Washburn's move here, l go in for max
ing our bond dividend in full We car
do it with perfect safety. | understand
the opposition to it comes from Alley
He is on the Finance Committee, and can
raise money easy il we come short, which
/ don't believe we shall and if ne do, ",
eau loan our bonds to the company, o.
loan them the money We get from th,
bonds The contract calls for the divis
ion, andI say have it. When shall see
you in Washington? Yours truly,
i CAKES AMEB.
/ WARRINGTON Jan. 80, 1858.
H. s. Mccomb:
! DEAR SIR: Yours of the 2Sth is a
hand, inclosiLg letter from, or rather K
Mr.. King. Idon't fear any Investigation
here; what some of Durant's friends ma,
do in New York Courts can't be counte,
on with any certainty. You do not un
derstand, by your letter, what have don
and am b do with my sales of stock. Yol
fsay moi 10 New Fork have placed
some with New York, or have agreed 10
You must remember thatit was nearly al
! placed as you saw, on the list in Ne,
York, and there was but six or eight \
for me to place Icould not give all tn
world all hey wanted or they might want
and of that you would not want me t.
offer less than one Thousand VI to an,
one. Alley is opposed to the division o
the bonds, says we will need them, &c
/ should think that we ought to be able t.
spare them. with Alley and Cisco as tn,
Finance Committee. Weused To he abl
to borrow wien we had no credit ant
debts increasing We are now out o
debt and in good credit, What say..yol
of the bond dividend? /? A part Of th
purchasers here are poor, aud want thei
bonds to sell to enable them to meet thei
payment on the stockof the C. NJ.
have told them what they dould get a
dividend, and they expect it. Ithint
where the bonds the parties receive ar,
the eighty per cent. dividend, we bette
give them the bonds ; it will not amour
to anything with us. Some of the larg,
holders will not care whether they hav,
the bonds or certificates, or they will lent
their bonds to the company, as they hay
done before, or lend them money. Quig
ley has been here, and we have got tha
ono and one-tenth that was Underwood s
have taken half, Quigley one-fourth, ,ant
you one-fourth. J. Carter wants par
/ Of it at some future day we are to send
a part to him Yours truly,
CAKES AMEs.
WASHINGTON, D. c., Feb. %, 1868.
|. II. 8, NcComb, Esq:
| DEAR SIR: Yours of the 2lst is q
hand aim glad to know that you are get
ting along so well with Mr.. West; hope
you will bring il oat all satisfactory, 81
i that it will be so rich that we cannot hell
4 going into it. Ireturn you the papers b.
mail that yoa ask for. You ask meif
will sell some of my q. P R. r. I vii
Esel some Of itat par. Credit NJ. Of A
1 / don't care to sell. hear that Mr.. Bate
offered his at $500 premium, but don
want Bates to sell out. / think Crime,
may sell part of his at $3.50. l wan
$4,000 Of the Credit Mohilier to sci
here. We pant more friends IN TIL
Congress; and if man will look into tn
law and it is difficult to get them 10 do
unless they have an interest to do so.) b
cannot help being convinced that W
should not be interfered with ;hope to Sc
you here or at New York the 11th. Your
fr,,l., n.vro Mrc