The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-04
MIGHTY M0B|L|ER.
Wilson's Committee Unearthing the
Frauds Of the c. M.
The Disposition Of the
$4,000 Fund.
Frank Statement of G.. M. Bushnell Of
the Way the Money Went.
GENERAL DIX IN A BAD LIGHT
The Lobby Blackmailing the Union Pacific
Appeal to Congress and the Nation.
FULLERTON PAID $4,000 BLACKMAIL
The True History Of the Origin Of the
Monster Corporation.
HOW c. NJ. GOT IT'S CHARTER.
Colonel zeigler Tells How the wild Bill
The True History Of the Origin Of the
Monster Corporation.
HOW c. M. GOT IT'S CHARTER.
Colonel zeigler Tells How the wild Bill
with the Dutch Title" Passed the
Pennsylvania Legislature.
"FxED WITHOUT A RED"
The First Company-organization and Allot-
ments-How the Giant First Collapsed and
Then Developed to Huge Proportions

Then Developed to Huge Proportions
WASHINGTON, Feb. 3, 1873.
The Wilson Committee met at eleven O'Clock,
when d. w. Spence, formerly Cashier and Assistant
Treasurer of the Union Pacific Railroad Company,
was recalled and produced the original memoran-
dun referred to in his testimony heretofore given.
from which he made checks and drafts for certain
parties for an aggregate amount OF $126,OOO, the
subsequent endorsement by the witness, including
the names of James +. Wilson in connection with
$4,000 and General G. M. Dodge with $24,5OO
General Socum asked whether witness did not give the
check for $4,000 to c. w. BUSHNELL instead Of to James
Witness replied in the negative;
check So hi hands Would not 9th
The witness replied he would not
General socuin remarked apart from the evidence, he
had heard Mr.. Bushnell say the check into his
Witness said the General Dodge check for $4,000 came
YORK " ''' '''' viz -' -"AA u '''' ''A" VI N'"
MIR. BUSHNELL ON THE STAND.
s te sn the a @
no Vouchers the money was paid on his statements
almost Doa and SS%1sss SS.t
due January witness then detailed the circumstances
due by the company he went TO Philadelphia and saw
said they would assist in getting dc Of
DEBT ne tnen 70 Boston ana made his
ne h a1s
ors that the OF
be tS @ a to HadE lie
bonds better security he while here undertook alone GO
the Iowa members who would not move, as there was
a %nss s G1 ase Sh e % a
to address Gencral Dodge telling him to come on pro-
be Wanted Dodge said had so9Towed every Very
dollar he could on his Union Pacific Railroad stock dur
on his business and that
on the Union Pacific road has ruined him witness SAIL
cannot help that but you go 70 work TO carry this game
for your time !, Dodge went work and in less than
s e. a 1S G 5afr deas Ss
tween Nebraska and Iowa at that time; did take an
the ss
and reports Of had no fear the
Inc Union Pacdc Railroad COMPANY, and 7 have
we a as to n had %
but before we went we became satisfied we could not
pany committee was appointed, when said prom
Yices &c Dodge figured up and 1 agreed to pay him
$2450O and it Is possible gave him something more !;
e
IN nnGm'n' Of the Ana grant bonds had
wnAr DODGE WAS PAID FOR;
In to question the witness said he paid
eral Dodge the money for aiding and securing the pas
River and paid Colonel Scott $3.50 of money
O. In what way did the Union Pacific Railroad Com
pany obtain compensation for this expenditure of money!
my contract by taking hall of their securities above
O. In other words they gave you bonus of si2sOoOs
Il was TO pay my S eSpsnses.iesa and otherwise
legal expenses Why was charged in that wayY A. twas
error i ought 70 have read, nspscal and legal"
that timer A. think not but was director at that
q. who received the drafts and checks9 A. received
them ALL do not rememocr any person being at
ams HANDED Dodge and Mr. Scout ad Checks
handed over to Mr.. Williams
The committee took a recess until two O'Clock
On the reassemblng the committee resumed the exam
nna If S the Sre %@S said e
G dollar ola tho tor h o4 lbs S o a Prcs rsS only atty
and When IN h se%
stock Exchange they , we're ,n yye he had to make
S time floating es and O the Su % Which h at
bridge bonds from eight per cent and charged the
for bonds what the in e. yea
IN the payment a. Of interest Witness gave additional in
was IN is6 and is7i director of the company In
ness said he had no doubt the Unos Paeiae Railroad we
G%a ai 1s s per- ce So b the 1as
price in consideration Of the rapdity with WHICH the
further examination the wiihess said his sur i is
preston that when he received all the checks and
testimony he handed the cheeks and drafts to the parties
including General Dodge and Colonel Scott on the day
Of the transaction.
Mr.. spence recalled. said he did not rene mber that
Colonel Scott in the office at the handled
checks although ne (Scott) there during the
GENERAL Dix's INTEREST
- The examination OF Bushnell was resumed. General
socnm asked how much stock did General Dix hold in
the Union Pacific Railroad Company A. Five hundred
shares
q DO you know how he obtained them A. Not suf.
nciently 10 swear even To my own satisfaction.
q. Do you not know they were presented To him by
Credit Mobilier A. If you call Dr. Durant he can tell
@ would prefer that you answer my question A.
The first second nsalment paid for by Dr. Durant
O. Did this come out OF Dr. Durant's personal meansy
A. do not ike TO swear to that In further interrogation
witness said DAs stock was bought by Credit Mober at
Why did you give him $50 900 for 800 shares of stock
of the Union Pacific Railroadl A. There was a variety
what aggrieved by his having been turned out OF the
presidency OF the company and said he would rather
remain President than have the office OF Minister to
France
O. Did he not write letter TO & NJ L. Barlow which
read to your directors which induced them To take
the stock at par A. the letter purportng 10 have
been written by General Dix.
Was 1t OF such character as alarmed your COM
pany ana compelled you to pay A. We led from
the letter and the remarks Mr. Barlow 70 think Ii adj
visable to buy the stock.
O. And pay par for stock not worth III A. never dis
credited the stock, being more sangune than others
Y. Who was treasurer when the first mortgage bonds
were issucdr a Mr.. CISCO treasurer and General
DIX president OF the company.
Whatwas paid to these parties for signing the bonds
their salariesf Inever heard of ANYTHING being
paid above their salaries
Having been further nerrOgatcd. witness said he
heard OF retainer OF Sl00li given to candidate
tor seat in the United states SetAte-M H. Carpenter
the ground thathe was
FRIEND or ruE COMPANY;
hav