The Portland daily press., 1873-02-01
The Pacific Railroad Investigation.

Inc aCiHc haiIfOdu 1nFeSCIgat1On.
The following is the balance of the report
which was not received yesterday morning.
NEW YORK, April 6, 1872,
To Hon. Geo. G. B. Coaclon, care General But
Ter, Washington, d. c.
1 telegraphed you this afternoon informing
you the letters mentioned in your despatch of
yesterday had not arrived. On reaching my
house at six o'clock this morning found one
letter from you, dated yesterday, which came
through the carriers delivery at about the hour
of seven this evening. Your telegram of to-day
was received, in which you inform me that two
important letters, addressed to myself as Pres
ident of the Union Pacific Co., had been placed
in last nights mail. The letter received by me
refers to one addressed to me by you earlier in
the day. regret that the first letter has failed
to arrive, as presume IL must have contained
a more specific statement of the impending ca
lamity. My engagements here on MONDAY pre-
prevent my going to Washington. am
not informed of the character Oh the rum
GUS legislation of the introduction of which
i'm Congress on Monday next you advise
me. nor does it occur to me how it can be
headed off, unless by purchase or bribery
of the indefatigable worker in the House to
whom you refer. AS you do not name him
cannot judge of his intention, and should not
if in Washington, attempt to influence the
vagabond to withhold his ruinous proposition
whatever it may be; and if it be that the mere
introduction of provision in Congress can re-
sui as you say I'm loss of many millions to
the Union Pacific road), it is quite as we'll that
the owners Of the property should low be in
formed OF Its precarious condition. l do not be-
Heve the directors o. theUnion Pacific Rail-
road Company would sanction the expenditure
OF one single dollar to avoid blow of the kind
you designate. You are not, perhaps, aware
that in some of our State legislatures, propo-
sltions OF an exceptional character, of danger
Gus tendency to railroad and other great inter-
ests, are sometimes introduced on resolution
days to affect the stock market. False reports
are sometimes resorted to, to the same end
have not supposed that the House of Repre-
sentatlves could be made available for enter
prises OF this description, but, however, this NAV
be, know OF no way in which the mischief re-
sulting. from such transactions can be averted
except oy securing the election of respectable
men to I'LL positions in legislative bodies. No
property can be more secure than the character
OF the government, to the jurisdiction of which
the subject will permit. To attempt to buy
your peace from strikers of this class is to en-
courage the very spirit which impels the attack.
A rumor has prevailed in Wall street this af-
ternoon that some resolution of fearful import
to the Union Pacific Railroad Company was to
be offered in the House Monday, and the mark
ct price OF the stock has been thereby consd-
erably depressed. Whether this is or not the
identical scare to which your attention has
been called 1 cannot determine from the facts
before me. If you feel at liberty to inform me
by telegraph of the catastrophe to avert which
you are kind enough 10 offer your aid, the ex-
ecutive committee of the company shall be in
formed to the end that they may consider their
duty in the premises, but without more definite
information than | have already received, we
must abide the result not unmndful that the
authors OF these conspiracies themselves some
times become the only victims. An answer to
this telegram addressed to my house will reach
me at any time. If you can forward by to-mor-
rows mail copy of your first letter,-or the
substance of it, if copy was not retained. 1
shall be glad to receive it here.
lSignedJ HORACE +. CLARK
The witness resumed: Mr.. Poppleton, the
attorney OF the company, left New York on
Sunday night and came to Washington and
undertook TO place the correspondence in the
possession OF some member of the House, so
that it such resolution as had been referred to
had been introduced the whole thing would
have come out. The same Gay the witness re-
ceved the following
WASHINGTON, d. c., April Z, 1872
To H. z. Clark, No. 10, East 2ad street Neay
York;
Your long message is just received. can
not understand your failure to Get nv first let
ter and still less the misrepresentation and dis
courtesy OF your despatch; but as it seems to
me the emergency is very great, if you can sug-
gest any one here with whom 1 had better CON
Ter or II you desire to talk over the wires to-
day, will come to the telegraph office. I will
write tonight addressed to No. 10, East 22d
street, but fear the letter will be too late to be
of much account. GEORGE B. CowLAN.
To the above despatch the witness said he
replied as follows
New YORK, April Z, 1872.
To George B. Co,olan, care of General Butler.
Washington, d. c.
Your despatch of this morning received. 1
regret that you deem mine of yesterday dis
courteous. 1t was not SO intended. 1 have as
sumed that your intention was friendly in
character, and felt no embarrassment in freely
expressing my views relative to legislative stock
Jobbing transactions. AS the emergency seems
to be, as you state, considerable, have request
ed Mr. A. j. PoppletOn of Nebraska, who is
the friend and adviser of the Union Pacific
Railroad Company, and who has our entire
confidence, and who is now in this city, to go
on to Washington tonight, and meet you
there tomorrow morning. He will stop at the
National Kotel. You are at liberty to say to
Mr. Poppleton whatever you would say 10 my
self. de is fully authorized to represent the
Union Pacific Railroad Company in the matter
referred to, and will take such course as under
all the circumstances he should deem expedient
Please inform me by. telegraph of the receipt
OF this, and adding further suggestions which
may occur to you.
[Signed] HORACE f. CLARK.
Witness resumed and said Mr. Poppleton
came to Washington that evening. Witness
said to Mr.. Poppleton in talking of this matter
would not give one cent for the purposes sug-
gested by Cowlan.
BY Mr. Slocum-Was anything done that
Monday?
a: MI. Poppleton says motion was made in
the House to suspend the rules; and body
who had the papers offered to let the resolution
come IN II ne G9tiid be permitted to proc uce the
correspondence
Mr. Slocum here referred to the Ccngression-
al Globe OF Apri! s, 1872, and read the resolu-
tion moved by Mr.. Negley, requiring the pay
ment of the interest by the Union Pacific Rail
road Company. "Mr. Brooks appeared and OBJ
lected, and called for the regular order of bus
mess, when Mr.. Negley moved to suspend the
rules that he might offer the resolution. Mr..
Negley made the point as to the propriety of
stakeholder opposing the introduction of the
measure. MI: Brooks retorted by inquiring if
It was proper for Wall-street Spectator to in
trOduce resolution of this character"
The witness said: 81 hold in my hands the
papers which were then in the possession of
Mr.. Brooks and which have been read to this
committee, and stated further that not one
shilling was expended except for the personal
expenses of Mr.. Poppleton in coming to Wash
ington.
The witness being Intercepted as to the res
olution passed by the board of directors in De-
cember last for the issue of 100000 900 of the
new bonds, gave the reason why they were not
issued among others, that they became due in
1874 and matured so soon that they would not
have time to provide for their extension, and
besides within two months past there had been
forged coupons of the bonds already in the
market to the extent of $18O,OOO, many of
which coupons had been paid.
RaIipiOus TnfaJlipauco