The Rock Island daily Argus. [volume] (Rock Island, Ill.) 1872-1873, 1873-02-19
She 9ailg arsns.
Wednesday, February 10, 1878

Wednesday, February U.s. 1910
Tgg Rock ISLAND ARGUS labors un9ei
a misappreheusion respecting SenaassoIl
ean's connection with the Croefe popnlel
business. or else it wilfully mlsrePsesenOs
tLot diat;nouiahed statesman cehagoF
I Tn.oa IT, ,,o,,er testified, as alleged by
IT, nSI,s tbat he purchased Credit
Mab;l;ar s,ock, nor is IL claimed by even
Ne b;tteTcT enemies that his hands
aro nor perfectly clean Of the
whole affair. On. the recommendation Of
Oakes Ames, whose superior financial
ability and acumen arc acknowledged by
every one, Senator Logan took the question
of purchase under advisement, and after
consideration declined to invest
We are surprised that Tue ARGUS
should seek to place the honorable gentle
man, whose personal and political integrity
is above suspicion in a false position before
the country, especially as everybody has
acquitted him Of any participation IN the
alleged swindle. GeH6seo RepHbhc
Let us see how that is. On the 25th OF
January, before Judge Poland committee,
Cakes Ames being on the witness stand,
the following occurred
Poland" Upon the books of the Ser
geaut-at Arms, containing a list of checks
charged 10 Ames, is one for 1929, given 10
John A. Logan What was that check
given torP' Ames-" IL was a fashion
able amount about those days
Question: viii You state the tranSac-
ton you had with Logan, for which thar
check wns given2 Answer Logan
agreed 10 take ten shares OF Credit MOD
Her stock | made mp statement showing
thc balance due him gave him check
for 1929 due him after that he paid me
back the money with interest.
Question -" When he paid you back the
1920, was it an understanding that the
stock remained as yours Answer
Yes.
Question 80 Logan made nothing 2
Answer -" No, only he had bad name
conveyed BY the check for 1929 70
Question:" That is all there is tO this
transaction Answer" Yes.
Now let us see what Logan himself
swore to, He was put on the stand before
the same committee, on the 2Sth Of Janu-
AIRY, three days after Ames told the story
about him, and he, under cath, testified as
follows
have seen the testimony Of Ames,
given before the committee. have moth
ing whatever to conceal in this transaction,
80 far rs ! am connected with it. Ames
said | agreed IN purchase certain stock
md 80 in 1867 or 1865. agreed with him
10 purchase ten shares Of stock at par:
paid nothing at that time and received no
stock On june 10Th, following, Ames
came % me and said this stock was en-
titled 20 n dividend or dividends. He
made statement, and gave il 10 me, which
showed that the dividends on the stock up
10 that time paid the amount due for il,
and lett a balance of S329 Ames handed
me 2 check for this amount | had maid
Ames no money, aud he had given me no
stock or certificate of stock took the
check, with the understanding that IL did
not conclude 10 receive the stock in n few
days / would let him know. / kept the
check three or four days before | asked the
cash upon it, Then presented il 10 the
Sergeant at Arms, or in his Office, aud
received the money. ] retained it for a
few days and thought about the matter.
In the meantime / received a letter from a
friend giving me some information about
the matter, when | went 10 Ames and told
him | would not take the stock. He said.
very well, and remarked that II was
good stock, or he thought il good invest
ment, or something Of that sort. | paid
him back the $500 with, | think, 81 in
terest. Ames hesitated about the interest.
the time having been 80 short but | in
sisted upon him taking IT, and thus the
matter ended The memorandum made
nt the time retreshes my memory | don
say this 10 thecOmmittee by way of excuse.
a. cover up anything, but 70 state the facts
as they are. The stock was never deliv.
crrd 10 me, or anybody for me, nor have |
ever received anything, directly or indi-
rectly, except as | have stated here. |
had no hesitation In making the agree
ment with Ames 10 take the stock at the
time, and rs far rs corruption or wrong
was concerned, there was no Legislation be
Congress at the time affecting the road.
don reeollect Of any Legislation in regard
% the road during the negotiation between
Ames and myself. As far rs influence
was concerned, there was no necessity for
Ames, or anybody else making n bargain
10 secure my influence My constituency
was favorable 10 the road, and | was ma.
turaliy friend to il. i have always voted
70 sustain the road, and would do 50 to
day.
That is Logan's full statement, and we
give him the benefit of every word of it.
The Republic says we misrepresent him :
it says Senator Logan has never testified
that he purchased Credit Mobilier stock "
Logan says. 'Ames said Iaareed TO pur-
chase certain stock. | did 80, in 1867 or 1865.
] agreed with him 10 purchase ten shares
1T par. The Republic says Logan took
the question Of purchase under advise
ment, and after consideration declined u
invest But Logan himself on the stand
under oath, says II did agree with him
10 purchase ten shares at par. He not
only agreed 10 purchase but he completed
the trade he never paid a cent. but re-
oeived a check for 1929, !. c. he got his
ten shares for nothing and got 1929 over,
a. q gift What did Senator Logan then
suppose induced Ames To give him ten
shares Of G. W., stock and $500 in cash
bcsidesp The par value was 800 per
share, but for what price could Ames then
have sold 1t in open market? Was il not
sum many times greater than Logan
agreed 10 pay What did Logan suppose
induced Ames TO sell 40 cheaply to him ?
Would Ames have offered such tempting
prizes 10 men who were not in Congress
and who had no power to help his schemes
by friendly legislation, or injure them BY
uniriendly legislation? OF course not
What would Logan have said or done 70
one who offered 10 him shares in a New
York City national bank at one.half or
one-third their we'll known market price ?
Spurned hin. from his presence with scorn
or been an unworthy representative of
Illinois. The truth is that Logan was to
receive the bribe-did receive it; but he
got a letter from friend warning him. and
he hurried back to Ames and wanted TO
trade back Logan, like Wilson. and Col.
lax, and all the rest OF the Credit MobiIer
gang, held his stock till the McComb suit
threatened-what2 Not mere pecuniarv
loss-men Of sense and ordinary capacity