New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-01-27


ing
@ Was there any envelope with it, A. destroyed
the envelope which received in II received 1t when
got back from home the 7th 9Th OF January dhe
letter referred TO placed in evidence and as fol-
lows@
WASHINGTON II. C.. Jan. 4, 1873
The Hon. OAKEs AMEs-My Dear Sir: The facts IN re-
spect to the Credit Mober, so far had any connee
ton with 1t, were follows: -.
You came TO me day. knowing that want OF
means chronic evil with me, and said Patterson,
IL would like can let have 80 shares OF STOCK III
the Credit M0bllier which think will be prohtaOle IN
vestment and will be good thing for you" MY reply;
III substance that II you had anything which couu
properly invest In, and out OF which could make SOM
money should be glad to take It, but that had not ne
money at that time, and must defer II until coud get
Your reply that you presumed could nave ~
later when 1t might be convenient and you regarded ~
not and could not anticipate you should ask for
further legislation from Congress in respect TO the oau
and you did except when II was forced on you Wy
the Secretary.
After this conversation with me you may bsve had
the impression that should take the stock some tne
but for reason or other, perhaps Tor want VI
funds, never took any OF the stock II never had any
dividends
oppressed to know If purchased at any time an. any
bonds stock OF the road YOU can say did AZ the %
they attempted you when the valne OF he
stock was depressed. and paid you the full markes
bonds. >,
The stock put into the hands Of Mr. Morton immedI,
Isaw MT Morton on my way through and he said he
had never held any stock in the Credit Mobier for any
one but did not wish to have his name brought INTO te
examination If it could be avoided am going 70 onlo
original statement before tie Committee II must not DC
reported as il noe stands. Very truly; &C. rnsov
THE MEMORANDUM BOOKS FORTHCOMING.
BY the Charman-Some days ago 1 gave you no
tice in writing to produce all the memorandum DOCKS
and papers that you had containing any entries relating
to the dealings between aud these various gehte
men who have been named and examined here; you
have produced what purport to be copies OF SOME VI
these entries; have you the original MEMORANDUM
books from which you made these cOpiesi A. NO, sri
have not.
O. Where are theyi A. / suppose AT Easton
O. The Committee think these original memorandum
books must be producedI A. Very well, Sir, Will sehu
for them.
O. The Committee desire that all the original papers
and correspondence regarding this subject In your pos
session. shah be produced A. do not think have any
correspondence in relation to it,
BY Mr.. Merrick-Have you refreshed your memory IN
relation to your dealings with any other members OF
Congressi A. There is no other The reason did not
name Mr. Logan before that Mr.. Blaine stated that
this Committee had nothing to do with Senators; you
asked for any other membesof the House, there was ho
other member Of the House only aude to such names
outside of the House as Mr.. McComb and Others had
mentioned such included In his litigation; den'
Logan is the only in the Senate that has not been
mentioned before, and there is now no Quiet III ei
branch of Congress. .
O Neither at that time nor any other timei A. No
other.
BY Mr.. McCrary-Did Gen. Logan give you any reason
for returning the money and canceng the contract A.
/ do not remember that he did.
O. Is it not probable that would have given you
some reason for doing sol A. dont'know that; IL may
be probable; / do not recoect any
WHY THE NAMES ARE NOT on THE BOOKS.
thar a nf
connection with iti A. do not remember; want 10
say for them TO the Committee that have been asked
by them several times, and by some OF these parties,
why held this stock and did not give 1t to themi tne
Credit MObiier stock not entitled to any duehus
the stockholders that Company who signed the stpu
laton making themselves personally liable under the
Cakes Ames contract the only parties who couid
draw dividends account OF having been stockholders
in the Credt Mobiher these parties holding stock here
not having signed that stipulation could not draw div
dends but that probably the reason why iretaned
the stock it would not have been OF any use 10 them
for they could not have drawn the dividends.
nv Mr. Merrick-You drew them in behalf of the
parties you having signed the stipulation Of the oakes
Ames contracti A. Yes; that was an after eonsdera
ton, however.
nv Mr.. Niback-Do I understand that having
scned the stipulation referred 10 under the Cakes Ames
contract Won could draw the ydend belonging 10 these
various members OF Congress as their trustee while
they could not draw them without signing that paper
aud becoming personally responsible, ana that there-
fore you retained their stock your Possessioni A.
Yes, Sir; hold on to 1t.
O. You were trustee then for these personsi A. MY
attorney in Boston said Iwasno trustee in any sense
took this stock originally in my own name and put 1t
in my own trustee for the parties to distinguish
IL from nv original stock it not the vote OF the
Company AT all that should hold ii trustee II was
within OF mine after took II.
BY Mr.. Banks-In answer to the question OF the
Chairman as to whether you applied 20 Gen. Logan or
he 10 YOU you said they generally applied FIRST ana SUD
sequenty you stated that made efforts to get people
interested In the Union Pacific Railroad at an earlier Pc
riod what is your recollection Of the reasons you gave
70 these different parties, some of whom you spoke TO-
and others who spoke TO youi A. cannot give you
any particular reason for that thought 1t was going
10 be very good thing and that If gave stock to any
IN whom had not spoken before It TO give them the
advantage OF a good investment.
"MosT OF THEM SPOKE FIRST"
O. You remember the fact clearly in regard to certain
persons that you spoke to them, and in regard to
others that they had spoken TO youf A. Most OF them
had spoken to me. do not remember speaking to any
Of them first on the subject. STILL it may have been the
fact, as they say.
nv Mr.. McCrary-when the stock below par
Won were trying get people TO take IT, and you spoke
70 them generally but after it got 20 be valuable
tney spoke to youi A. Yes, Sir; there change Of
position In that regard
By Mr.. Niblsck-This was a transaction which
seemed not very generally public; how did these
members ascertain that the stock getting to be more
yaluablei A. do not know; suppose they found 1t
out: when stock becomes valuable are very
likely TO find 1t out.
@ suppose there will be no improperly IN saying
here that never had my attention called TO the fact
that there was that OF thing going about at the tme
therefore wanted know how others found it out. A.
can let you have now II want when anything
becomes valuable you cannot keep the secret long.
O The idea that this stock was becoming valuable-a
good thing to hold-was well understood. and you had
no dcy at that time in disposing Of 1T A. None at
all.