The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-06
NEW YORK HERALD THURSDAY SHEET

bne to the city of Mexico and the Pacific. The docu.
| ments he brought with him rom Europe satisfied
Governor Packer Of the feasibility OF his plans and
| oil the great public benefit to the United -tates
| and to Mexico. whereupon the Governor approved
| the charter on the lst November, 1859.
duly and ' regularly Organized IN Phlladephis
| according TO law, and the whole stock 10000
shares) taken. The first board of directors were
Dun Green. David X. Porter, Jacob Zeigler, Samuei
| 4. Brooks and Oliver W. barnes: Dun Green,
President; William Halsted, treasurer; oliver w.
The necessity for additional legislation by the
state OF Texas and for some satisfactory arrange
ment with Senior Teuteno and others, who held
PiIoI gram h0m Mexico Tor railroad from the
RIO Grande 10 the Pacific. caused some delay. In
the tal OF 1850 my father went to New Orleans to
anu 10 Texas on the business OF the road. An
tlc'paf,ng tfat nc might need them at New Orleans
or Austin he took with him all the original books
and documents. whach Mr.. Smith enormously sup
poses were afterwards ''stolen and carried bodily
Secretary Of the company, in PhiadeiphIa. comics.
Those originals still exist and sale In the pos
session OF their proper and lawful custodians. In
December, 1850, my iather having salts
iactorily arranged the business which had
taken him to Louisiana and Texas. returned to
| the aforementioned agreement with the parties
there. On reaching Washington lie found civil
Edwards, had married SISTERS, aud my lataer held
| to MIR. Lincoln relations oil intimate personal
| friendship. For that reason he was selected by
President Buchanan and Senator Jen Davis to bear
| from them to Mr. Lincoln an invitation to come to
| Washington AT Onoe, as Mr.. Buchanan's guest.
] with assurances that he would be received at the
| White House with all the respect and h0n0rs due to
him rs President elect, and that by acting together
they could put stop to t1e secession movement srst
eager to accept the invitation, hut afterwards de-
cllned, because Senator Ben Wade, Of Ohio op:
posed it, The HERALD or January 8, 1851 contained
report OF An interview between reporter OF that
paper and my iather ON his return from his unsuc-
cesSfui mission to Springfield.
Two or three years before the war my mother
went to Georgia TO pay me short visit, and was
there taken SICK. IN April, 1861: my father went to
to return to Washington; but, rs she could not be
moved, he decided to remain with me-, and post
ton OF his great enterprise until the settlement Of
| the political difficulties
The Union Pacnc Railroad Company was char
tered by act of Congress- approved lst of july 1862
That act fixed the capital stock OF the company at
$780, 100000, and limited the amount OF stock to be
out the idea that 1t was to be great national en-
terprlse, which could not be "gobb!ed up" by lew
company Gould be organized on subscription Of
$20OO,0O0 and the payment OF ten per cent thereof
whereby Ine ,aS 1t was placed in the power =. Of
was also held out to the public that
the management was to be entrusted to men Of
| high character, such as Erastus Corning, william
| d. Ogden and others OF like standing. Those gen.
tlemen, however, relying on this general under
acters, Waiting to De elected by by spontaneous
action OF the stockholders. But DR.. T. G. Durant
eject aS yce w
suit his purposes; and, to give some character to
the organization, large sum was paid to General
John A. Dix for the use Of his name President Of
the company. Durants next step was to open a
negotiation through George Francs TrNin and
the Pennsylvania Fiscal Agency from Messrs
Halsted, Brooks ana Barnes But that could not bc
legally aS s last
iather's majority interest and Mr.. Halsted refused
to listen to any arrangement that did not protect
my fathers Just rights. Failing in the attempt to
purchase that charter, efforts were next made to
| obtain similar one in New York and New Jersey.
! know. nothing, except from hearsay, OF ssoo,OOo
having been offered for it at Albany and Sl5O,OOO
ut Trenton, as stated by Mr.. Boyd, although have
reason to believe that in this Mr.. Boyd's statement
| that it was afterwards obtained from the Pennsy-
| vania Legislature for $4,000 That sum was paid
| to any member Of the Pennsylvania Legislature.
IL was not paid as purchase money for the charter
but as bride to Barnes and Hall Tor their aid in
an attempt to ''steal" the charter as hereinafter
In the Spring of 1853 my father was lying i'll in
one room OIL my house in Georgia and my mother in
another. About that time the death Of my cousin,
Mr.. Dun Green, OF Falmouth, ya was announced
and 1t was generally supposed that my father was
dead. Tempted by an offer OF $4,000, and perhaps
emboldened by the idea OF my fathers DEATH
Barnes and Hal were induced, on May %, 1868, to
fabrlcate false and fraudulent papers purporting to
be minutes of the proceedings OF the commission.
ers named in the act to incorporate the Pennsylva-
MIA Fiscal Agency" and certificate" Of etended
subscriptions to the capital stock of the Pennsylva
mia Fiscal Agency.
!
fore James McCahen, an Alderman of Philadelphia
| that these fraudulent minutes" were correct"
t 3n these nv papers and false arma
| vious bona Ede organization OF the CON-
| pany by the commissioners in November, 1859,
letters patent dated June l, 1858, were obtained
from Governor A. g. Curtin, purp0rtng to 'create
and erect the subscribers Il. e.. those named in
said fabricated papers) into one body pslitc and
| corporate by the name, style and &itle OF the
| Pennsylvania Fiscal Agency"
| These pretended letters patent were then turned
IN N f.Di orfy
in New York. They were obtained by fraud prac-
tised on Governor Curtin, who doubtless signed
ness and In the confidence which every Gsverasr
| OF State must necessarily repose In his official
for his signature. But they were mere nulllty,
there being no law authorizing their issue. They
could have no effect whatever on the previously
vested rights OF the stockholders under the organ
| iZatiOn oil 1859.
BY subsequent act of the Legislature, approved
26th OF March, 1854, the name of the pennsylvania
Fiscal Agency" was changed to the "Credit Mooiher
Of America" My suppOsitiOn Is that the chef-ifnot
ae TINS change of was to pre-
Brooks, stephen Colwell and others, who, II they
should happen to hear Of the operations OF the
questions, but would never suspect that the great
Credit Moblier OF America, which was building the
Union Pacific Railroad, claimed the franchises
powers rights liberties and privileges Of their old
Pennsylvania Fiscal Agency
am happy to inform you that my father is not
| dead, as you stated few days since. At the age
of eghty-two his mind is as clear, his eye as bright
and his handwriting as steady as they were forty
| years ago. He is now President OF the lawful and
| genuine Credit Aobiler OF America, whose other
officers are william Halsted, Treasurer; Benjamin
| +. Green, secretary; Samuel II. Brooks, Jacob
Iegler and John Rice, Directors with one vacancy
caused by the death Of stephen Colwel
The Durant-Ames-Aey Credit M0bilier Is bogus
! concern, originating in fraud and based on fabri-
Gated papers, falsely 'afflrmedn to be correct, by
| which the charter was not stolen as stated by Mr.
| Smith, but only attempted to be stolen.
BENJAMIN Il. GREEN,
| Secretary OF the Credit Mobilier OF America.
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