Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-01-25

impression in the papers, and keeping the stock
mp. would not object 70 giving you a little
dividend out of mine.
Q. Did you pay him some money! A. gave
him two hundred dollars.
Q. Was it not for the purpose Of preventing
him sending ont news as to what was likely TO
transpire IN regard to this matter? A. do not
think so. He was rather disposed to help me.
.. For consideration? fLaughter.l A. He
asked me repeatedly; and did not like 60,
because l knew he was rather impecunious He
asked me repeatedly, and could hardly get out
ont of ii.
O. Who was it, A. Mr.. r. j. Hinton. have
known him for many years. He is a very clever
fellow, but is generally hard up. tI.aughter.l
z. Did you pay money to anybody else? A.
No. sir.
q. DO you know of any being paid to anybody
O. Have Won heard of any being paid to any
body else? A No, sir. 1 should not have paid
him If he had not pressed me to borrow the
o. Was there not an understanding among
certain persons about the city, that that legisl,
ton was to he had, and that that was
A GOOD TINE To BUY
this stock; that it was down low, and that as
soon as legislation was had it would immedi-
ately rise in the stock market, and that there
might be handsome speculation made? A.
There was understanding. We talked about
the thing, and everybody who had spare money
was anxious to make something i'm stock specu-
latOn.
Q. The matter was talked about, that it might
be good speculation? A. The general i'm
preston was that it was dangerous thing to
NEEDLE with.
=. Why? A. On account of the uncertainty
Of the thing.
Q. 1t was considered certainty if they had
the legislation. The stock would go up, and be
considered a good speculation? A. OF course;
that was dead sure thing. TLaughterl
q. Those who were talking about this thing
were anxious to get this legislation? A. 81
course.
9. And those who were talking about it were
they engaged III buying up the stock? A. l can
not tell you.
Q. Do you know of any member of Congress
buying stock at that time? A. No. sir; not Oh
my own knowledge. 1 heard that members
were buying. do not know who they were.
q. Did you advise any member of Congress
to buy about that time? A. No, sir; suppose
they kept their own counsel, and know that
kept mine. [Laughter.l
O. To what extent had you loaded at that
time? A. i was carrying a few hundred shares.
am always more or less
DAZZLING IN STOCKS.
O. DO you recollect what you paid for what
you purchased at that time. A. I think it was
something between 1s and 10. 1t had rallied
little; it had rallied little after the Union Pa
cific railroad company had made an arrange
care of the floating indebtedness of the COMMA
ny, and when saw that Edgar Thompson of
the Pennsylvania railroad company, had lent
his credit TO the Union Pacific railroad COM
Pany, made up my mind that
THE THING WAS COMING OUT ALL RIGHT.
went on my judgment more than anything
finding out all the points, which used for my
papers after had used them for myself
z. You got the first benefit of the infOrma-
tion' A. l had at that time an arrangement
with houses in New York to furnish them with
information touching financial matters espe
ciaily in regard to this and i'm regard to other
matters, which information was communicated
to the brokers in New York.
q. What did the Union Pacific railroad COM
paDy's stock 30 up to after that legislation? A.
1t went down. ! made up my mind that the
hlan hiSrAunf.H a a1w md an l,a
evening of the day when the bill passed ] sent
my order to sell Immediately, as soon as ii was
known on the street that the bill had passed. 1
discovered that others who had doubted that
Congress would pass the bill were buying the
stock while was selling. They ali OF them got
BADLY TAKEN IN.
They were lame ducks. ILaughter.1
q. From whom did You acquire the original
lot you had? A. had purchased it. Twas car
rylng IT on speculation:
@. From whom did you purchase it? A.
From one of the brokers in New York; Mr..
Clews, think. There were three or four men
buying stock for me. L don't recollect from
q. DID YOU get any of r from, any Of tho.e
managers Of the L. P. r. r.? A. No, sir.
z. Did you get any OF il that YOU did not get
by purchase A. There may have been some
carried for me- For instance, furnished infor-
nation to a gentleman, and he says eff YOU give
me this Information i will carry fer you one
two, three, four or five hundred shares and paw
you whatever IT appreciates from the time
buy" may have had and probably had some
q. Who was carr wing stock for You at that
time? A. Several brokers.
Y. Give me their names? A. I am not geing
to disclose 10 the committee nav private transac-
tons in New York. They do not relate to Con-
gress. ..B A. -.......
The Chairman.-That is for the committee to
determine.
Whness.-There is nothing i'm them relating
to Congress In the slightest degree. DO not
cheese TO have my private transactions and
operations i'll New York inquired into, and
therefore
DECLINE TO ANSWER THE QUESTION.
will say to the committee that nobody con
nected with Congress i'm any shape or fol \, had
ANYTHING TO do with my transactions, directly or
Indirectly. ~
The Chairman.-But we have something to
do y it'll others besides members of Congress- I
will vary the form of the question a little and
ask YOU to state whether any person who was
connected with the management of the u p. r.
r. Co was carving any of the stock for voup
A. No, think not. :. 49,
By Mr.. H0ar:-Q. What is there in the trans
action OF carrying stock for you a short time by
a New York broker that makes you unwilling 10
disclose his name? A. do not think it a part
of the business OF this committee to INQUIRE into
my priya ate tEansactions.--
=. But what is there in the fact that you
should be unwilling to disclose? A. would
rather people should not know what am doing.
That IL all. cannot discover why should dis