The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-01-14
THE CREDIT MOBILIER.

Dller cnArge9, resumed their session thi
morning, and Mr.. Dawes, Of Mass, bein
present, was sworn and submitted o writ
ten statement He says he never was th
owner Of any Credit Mobilier stock, bu
he agreed 70 take ten shares Of the stock
but the agreement was reconsidered be
tore the stock was transferred. In Decem
Der, 1867, he had one thousand dollar
which he had no occasion to use, and ask
cd his colleague, Washburn, how he hat
better invest 1t. Washburn recommend.
ed the purchase ol Iowa s. Cedar Rapid
railroad bonds, saying Ames had thes,
bonds. he went to Ames and asked hin
10 sell him the bonds. BE replied tina
they were all sold, but he would let hiu
for his one thousand dollars, have ter
shares OF Credit Mobilier stock, and guar
antee ten per cent on his money, or Il he
got tired Of the stock, he would pay
back the money and ten per cent in
terest. Mr.. Dawes then told Ames
he would take the stock. he gave him
the $1,000, and took q receipt OF the
stock, to be delivered in the future
Subsequently, suit about TO be COM
menced in the Pennsylvania courts by
Duff Green against Ames and his asso.
cistes TO get possession OF the Credit Mo
bilier charter. When he returned 10
Washington he told Ames he did not
want any such stock. Ames paid him
back the money and ten per cent interest.
In the meantime he had received one
dividend Of 35 per cent, which he allowed
Ames in settlement, he paying Dawes the
balance only. In answer to questions OF
Judge Pollard, Dawes testified that to
the best Of his memory 1t was at the be.
ginning Of the December session Of 1867
that he let Ames have the $1,000. The
dividend was paid to him in about three
weeks afterwards. The transaction was
recorded in January, 1868. Know moth
Ing OF the market value Of that stock.
When Ames said he would guarantee
him ten per cent he thought 1t was q good
investment and would be good one.
w. Hastings sent letter 10 the Com.
mittee proposing to show that a large
shareholder In the Union Pacific Rail-
road, and also the Credit Mobilier, testl.
he'd in a California court that he, said
shareholder, had used the money and
stock OF the Union Pacific Railroad, and
Of the Credit Mobilier to bribe Congress
men TO inaugurate influence and carry
through by bribery and corruption legis.
lation in the interest of railroads.
Hastings asks the Committee to pro.
cure the records in the action in the 18th
Judicial district Of California in San
francisco, of L. G. Elliot rs. Ben. Halla-
day. He also suggests that they examine
W. S. L. Barnes, law partner Of Eugene
Casserly, attorney for the Central Pacific
Railroad, in San Francisco, and ask for
The reasons appearing in the address
made by him (Barnes) before a meeting
n San Francisco, at the request Of high
official. Hastings asks leave to read TO
he Committee extracts from Barnes
address.
Charles II. Nelson, son.in.law of Jas.
Brooks, was sworn as witness. BE pro.
1uced his certificates OF stock in the
Credit Mobilier, the first certificate being
or one hundred shares, dated December
10Th, 1867, and the second for fifty
shares, dated February Goth, 1868. The
witness subscribed originally to one hun.
ired shares.
Question.-Did you sign for them
Answer-I donot recollect. Jas. Brooks,
ny tather-in.law, put me in the way Of
,etting that stock by advancing money.
All dividends came TO me and / got the
money. Brooks did the business He
old witness he had chance to put him in
Credit Mobilier and did so. Witness was
lot present at the negotiation and don't
emember who furnished the certificate.
lie did not remember how he came In
possession Of the certificate.
Question-How was the matter arrang.
d between you and Brooks in reference
o the money paid. Answer-The ar.
angement was made simply by Brooks
.dvancing the money and I receiving the
iividends. Igave no security to Brooks
when the money was advanced, gave no
tote or bond; did not think that necessary
between father and son. began to re.
over dividends very shortly after getting
took. Received one dividend in money
to $4,000; did not remember
when. Had repaid a portion OF the
money to Brooks furnished on the second
ifty shares, with money borrowed from
Dillon, Brooks furnished none Of il. He
hought he paid over par for the last
iity shares oil stock. Brooks had no con.
lection with the fifty shares IN any way.
The whole $50 shares belonged to me
md all dividends were mine. Brooks
lad no ownership in any OF them; he
imply advanced $4,000. There was no
understanding that he was TO derive any
,eneft on the stocks; on the contrary It
vas understood that witness was to have
he whole Of 1t for his own use. ,.i-.
BY Mr.. Niblack-Brooks originally
mentioned the matter TO witness and
tated at the time that he had the power
# putting witness in the Credit Mobilier,
,ut made no explanation beyond saying
hat he did not care to hold shares him
elf. Knew that he paid q premium on
itty shares, but did not remember how
much. Did not know whether Brooks
lad any agency in procuring the last fifty
hares; Brooks said he was entitled to
itty shares additional and told him TO 90
nd get them.
Mr.. McCrary-Witness received besides
line thousand dollars In cash, eight hun.
Ired and twenty-five shares OF stock in
he Union Pacific Railroad, in the
way Of dividends from the Credit Mo.
lilier, turned some OF them over to
Brooks and some to Dillon. he gave the
after enough 10 cover the loan received
rom him for the still bious five hundred
hares OF stock Of the Union Pacific rail.
DAD, None oil his stock has ever been
Ield in the name oil Brooks.
Gross examined by McComb-Re.
eived fly shares additional stock by
irtue OF his ownership oi one hundred |
hares; did not remember having received
otice that he was entitled 10 fifty shares
dditional. Brooks paid for the first one
hundred shares. Witness did not pay
Or 1t, When he went to the office to get
he stock he found 1t already paid for,
nd in his name. Brooks is in the habit
i putting the witness into good invest.