, 1873-02-01

OIL Tug 19u BHnroH ana tlto bu additional 6hhfeat !
Ind doa1t in Union Pacific stock as woli as othor
stockH' Dillon would hnvg naturally sold tho
collateral Bcctrtty,' ESPECIALLY OIL learning that
0akes AneB waa nbont to fall.
DIR. 7. q! DuRANT
appeared, and submitted . reply to John r; A.
statoments woro At variance as to tho faotB eoil.
corning tho oorporntiong, aud untrue md unjust
as to Persona living and doccaBod. purant thon
quoted the records Of tho Rallroad
organization ot tha Orodit Mobllior. Ames,
Alley, and tloir friet!lH were not the original
subsorberB In tho Union Taoito Road, their only
intorost having ariaon from being stockholders
osl to consider all tho srms saved to the Union
PaolAo as robbed from thom as Stockholders. Of
the Credit h1obilior. Alloy had with unparallol-
cd impudoncn attributed to AnaeB and his party
4 Gu. developed Bovoral plnns which inoreasod
tho cost. OF construction to tho Hhtlroad Com:
pany: Ono If th6Bo plans WAS tho payment OF
largo oonahisaidua To thotnsolvss for loans. Lo-
oootiyes, Which bud been purcllaaca Ct aoxot1, 1o
repaired wore forced upon Tho Company
tic 10 miles Of tho roal noxt wost Of
tlo 15oth nlorlaian wes botng built for about
station housea. This fact appeared from tho
Boomer contract, and the Witness submitted q
copy Of it. Flo further stated that Alley aud
company improperly charged him with many
itons, md neglected to credit him with others,
and thus r1aoSd him IN fa1Ho position, IN order
to influence tho election Of q Board of Directors
of tho Union Pacific 1lailroad. as to tho Fisk
suit, tho witneBs stated Tint A11ea, then Acting
Prosident Of tho Credit Mobilior, gave directions
stock, except whom accompanied with tho pay
nens Of THO par. yalue thereof Ihoreupon
Alley and his frlonds proceeded to subscribe for
stock On tho frat subscription being ma1o,
n f14re 0F nTI3
tho party milking tho subscription, stattng to
tho Treasurer that it waa tender OF
55 per cont Of the amount of the par val.io ct
his subscription, which vas, Of conrso refused
would be. Tho amount thus pretended to bo
tondercd was not, Us understand, over counted
by tho Troasurcr, but WAS rotainod by the party
80 Offering to. subscribe, to bo used tho noxt
acriptiona mado In such way at this timo aro
threo In tho namo Of John D. Alloy and John D.
Alley, Trustee, amounting id tho aggregate to
9286oo,000. This farclcai subscription and ten-
ton minutes in time, and reached IN amount a
sum about s60,000,000. Not dollnr Of tlis
money passed futo tho hands Of tho Company,
nor was it intended it should 80 pass.
before tho election Ut Of Directors. Tho by-laSs
OF tho Company provided that no stock
could DO voted on which had not stood Oh tile
books Of the Company in the name Of tho .porson
offering to vote Thereon for ten days previous to
and his friends, with General B. T. Dutler proa-
ont as their counsel, in the stoohholdors' meet
ing, passed resolution arncnling these bylaws
to suit their desire {, appointed new inspectors,
spectors having previously opened the polls
and commenced reoeiying tho votos. All tho
parties wer enjoined from voting upon Sub,
Bcriptions for stock on which no mo.sy had
been paid at this election, but ! understood
4nparnJ Rnf1A+ in HncrHnUHI IN N1ttinr
ono eof thoinjuncti0ns modified, tho election being
carried On in two polls with two sets Of
inspectors on tho Hno roll, ono ticket represent
ing tho old Board, and The other that Of Alloy
clared their ticket elected. an injunction re-
8trainine Alloys bogus Bonrd from acting was
at once procured and Horyod on them, to which
they submitted. Tho witness cited certain ros-
olutiona adopted by tho Bonrd Of TrustceH for
Which Alley voted, declaring dividends under
the Amos contract. Tho wittloBs read this to
contradict the statement Of Al1ay, TINT hc {Alley)
WIS opposed ta,t',e distribution OF rro0ts under
loya claims for patriotic and unselash oourHo in
connection with this enterprise were as baseoBe
as many Of his other atatonents. Tho other
Trustoos woro 90 disgusted with Alloys trausac-
He noxt cited tho Oakos Amos contract to
build 0G7 1nilcs Of the road at tho following
prices: First 1o0 miloa, $l2, 600 por milo /; Soc
ond 1877 miles, s45 ooo third 100 mies. sos ooo;
900 pixtll 100 railes, S9Go0o. On tho 18th Of
October, Amos assigned tho contract to aoyon
Tr,1stees. full roloaso from all liabilities un-
dor tho contract was duly executed by the
proper officers Of tho Company, md A!ncB' re-
sponsibllity was completely wiped out. THO
witness noxt roforred to tho fact that Gonoral
Dodge, Chiof Engineer Of tho road, under q sal
ary of SIC, 600 por annum, was also member Of
Gsngsss g2ssd in Wan W5shDaon Etc ] assad Of esg
QHAiuHt this. he WAS Informed that
Dodgo could do moro good In WASH
ington, whore ho had great influence. Ho
further found that tho wifo Of General Dodge
had 100 shares Of Credit Mobilier stock Ee did
not mean to say that tho Chief Engincor would
be unduly influenced in his duties by any intor-
est which his wife might hnve.
Ho next produced Ills order suapending Dodge
aa Chief Enginoor on account of oyorestimatos
OF tho amounts duo to the contractors mate by
him, and tho reply Of Dodge that tho estimates
were made mp from the data furnished by Mossrs.
Reed and Crane. In reference to his accounts
while Vice President of tic road, tho witness
Ham, II. G. Crane, John ]. Cisco John 4, Dix,
Oliver Ames, ind otherH, showing that thoy
woro correct. He denied ever having
eaid to Alloy that he paid Tl1ad-
deus Stevens any money whatovor, mover
having seen him except on ono occasion. The
witnosB further stated that he never paid or
promised to pay Stevens any sum of money
whateyor, or any stock, bonds, or other property.
ALLEYS NEJOINDEn,
Alley desired to lddreaB the Committee. Alloy
reiterated the former statement TINT the cry Of
"atop thief" wns mado by tho thieves thom-
aelyoy, aud llo hoped tho othor Committee would
make q full investigation as to the history and
management Of tho road. Ho charged that no
satisfactory account Ind boon rendered by
Durant for 5485, 900 expended by him. md said
TINT tho person Stewart, who had @250,000 Of
that money, WIS now imprisoned for refusing to
testify Iho o on1gos aa9a oosro oner@
nothing to do with purchasing tho looomo-
ti~op, tko.
Adjourned until tomorrow.
THE WILSON COMMITTEE.
WAsHINaToa, jan. 31.-1n tho Wilson Com
mtttoe, to-day,
HORACE r. CLARK
was recalled. Tho Chairman caused to be- read a
sentence from tho reporters notes, by which it
appeared that Mr.. Clark Hnid yesterday thet ho
became satisfied that tho gentleman who