New-York tribune., 1873-01-17
THE SECOND INVESTIGATION.
CONTINUATION OF MR.. DURANTs TESTIMONY
INTERESTING FACTS ABOUT THE FORMA-
TION OF THE CREDIT MOBILIEB7-AN0rHER
GLIMPSF AT THE HARLAN ELECTION FUND.


INTERESTING FACTS ABOUT THE FoRMA-
TIoN OF THE CREDIT M0BILIEB7-ANoTHER
GLnPsE AT THE HARLAN ELECTION FuND.
GENERAL PRESS DIsPAfCHl
WASHINGTON Jan. 16.-The Wilson Credit
Mobiier Investigating Committee met this morning at
IL o'clock The examination OF 7. e. Durant was re-
sumed He said the Boomer contract was s2f.5O per
mile Of railroad; the Union Pacific Board OF Directors
nas,ed resolution extending the Hoxie contract
these SO miles at $4,000 mile the resolution was not
carried into effect, the witness having protested ana
Judge Barnard having granted an Injunction the Board
fteryard expunged his protest from the books and re-
scnded the resoluton if the resolution had been car
rled into effect the difference between s27oo and $780,
O,o would have gone into Credit Mober these 5s
miles had been completed were in running order, and
had been accepted by the government witness was
examined at to the Williams proposed contract which
was accepted by the Board OF Directors OF the Union
Pacific Company March, 1867, for building 2S7 miles OF
railroad: witness sued out injunction in this
case as tue contract covered part Of tho road already
cSnstrusted under previous contract
After she witness had been examined specifically, he
was examined generally, He was asked by the Ch'ar-
man yhat percentage OF the Union Paelne railroad
stock the Credit Mober stockholders owned at the time
the Cakes Ames contract entered nto witness an
swered 5 perhaps s5 per cent Having been asked why
the Credit Mobiier itself could not build the road in-
sead of contract trustees for chat pur
pose witness replied that she trustees were acting IN
the interest Of all the holders OF the Union Pacific Rail
road stock OF whom had stock In the Credit MO
ber the object OF assigning the contract to trustees
WA. also TO secure individual liability in OF failure
whenever the trustees of the Credit Mooer wanted 10
buy they made offers toheiRairoad Company for GER
tam amount Of railroad bonds naming the price for
them Witness said that early IN January, 1863 the
trustees the contract had entire control Oh the
rnion Pacific Railroad it was shown by the books that
the a0grecste amount spent Oh the Ames and Davis
contracts was about S55OoOOeO and the DIVIDENDS s,
500 o OF 40 per cent on 81 per cent on
tbs stock of the Credit Meber, and If the estimates
ara MADE on the being at 545 per cent
Witness was asked whether he knew of any or the
money of the Union Pacific Railroad Credit Mohher
having been used directly indirectly for the purpose
Of or procuring the election OF person to
the Senate OF the United States and replied he did not
nor did he know any person connected with either OF
thase corporations used for such purposes
! He had however furnished money himself In a good
many cases for political purposes generally but not
specay TO influence the election OF any Senator; he
gave two checks Of 5000 each Mr. Harlan payable "
that geDtlemans order; Mr.. Harlan had said 10 him,
| Ara YOU not gone 10 help US 7" when witness said,
(" When YOU are very hard up will do what | cam
| the money was to Harlan, the witness supposing
Harlan knew how TO appropriate IL he did not know
whether Harlan at that time Secretary OF the Ine
rior or not and did not know whether he at that
time candidate for the United states Senate not
| The Chairman Did yoa not understand that the
money was to aid ~ the election OF Mr. Harlant A.
had such UNDERSTANDING but was IN hcpes that Har
/ Ian would he elected. ..I
| Without concluding shs examination. the Committes
adjourned gQia tOIg0,sVu pofuae at 10 o'clock