Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1873-01-10
The eredst3obilier Testimony.

We learn from despatch from Wash
ington, on Monday, that the Credit Mobi-
lier testimony, ordered by Congress to be
made public, is exceedingly voluminous.
McCombs testimony is substantially that
375 shares of Credit Mobilier stocks were
put in the control Of Cakes Ames to be
given to members of Congress; that he got
his information to that effect from Ames
himself; the idea of organizing the Credit
Mobilier was to relieve the directors and
shareholders of the Union Pacific from any
individual responsibility in building the
road so as to enable them to share the
profit of building; his connection with the
Credit Mobilier was simply as sharehold-
er; Dillon, Hazard and Allen are the Exc
cutive Committee, and they control the
institution with autocratic power; the
three hundred and seventytive shares for
which he had entered suit went into the
hands of Cakes Ames as trustee; he had
letters from Ames showing the disposition
of these shares; witness produced letters
which he said were from Ames, and which
have been repeatedly published, giving
list of shares distributed to members of
Congress, including Messers. Wilson, Pat
terson, Colfax. Garfield and others, and also
Secretary Boutwell,.
The statement of Cakes Ames is very
lengthy.
He says that in his efforts to carry on sue
cessfully gigantic undertaking he was
ultimately compelled to ask an extension
from his creditors, and had persuaded sew
eral friends to take Credit Mobilier stock,
and when he got the little remnant of I'M
allotted stock the value had materially
changed; his object was to fulfil his en-
gagements made at a time when the value
was very different, but McCombs conceals
this; the office of the Union Pacific was
removed to Boston to escape from cor
rupt Judge, Barnard, the tool of Fisk, and
to have it's cases heard in Federal Court;
when the enterprise was faltering he, on
application, went into it, and so had 9TH
er members of Congress, and no one seemed
to think it corrupt to give those who risked
their capital the assistance offered by Con-
gress. 1t was necessary that they should
be their own contractors and receive for
building the road what Congress offered to
any one who would do so. Thus the
Credit Mobilier was purchased.
The profits were contingent on the road
being completed and being profitable after
completion. They needed capital and in
fuence, and he wishes to enlist our public
men and capitalists, meaning to obtain a
proper influence and intending nothing
that should brand him with disgrace.
Every share of stock with which corrup-
ton is charged was obtained to enable
him to fulfil engagements with the men he
solicited to go into the enterprise. They
declined taking it when they heard of the
litigation. Senator Grimes, John B. Alley
and Samuel Hooper were in and SUBSIDIZED
largely. Mr.. Colfax wanted to get some
stock. 81 am pretty confident he has paid
me for it, though it was never transferred
to him, nor can 1 remember having paid
over to him any dividends. At the next
session he said something about that thing
being off.
Senator Wilson was friend of NINE,
There was fund given Mrs. Wilson on