New-York tribune., 1873-02-19

those members who contracted for stock pald to hr
Amcs the money for the price OF the stock par ana
interest; in others where they had not the money
MIR Amcs agreed TO carry the stock for them
unti.they could get the money, or 1t should be met
by the div lends. Mr. Ames was at this time large
stockholder in the Credit Mobilier, but he did not
nepd any Of those transactions to be sales OF bus
own stock, but intended to fulfill all these con-
tracts from stock belonging to the Company At this
time there were about ESQ shares of the stock of the
Company which had FOR some reason been placed in
the name of Alr. T. c. Durant, of the leading
and active men of the concern. Mr.. Ames claimed
that portion Of thsstOck should be assigned to him,
10 enable him to fulfill engagements he hadmade Tor
stock. Mr.. Durant claimed that he had made SIM
liar engagements that he should be allowed stock to
fulfill. MI McComb, who was present at the ume'
claimed that no had also made engagements for
stock which he should have stock given him to
carry out This claim Of McCOmb was refused; but
after the stock was assigned TO Mr.. Ames, McCOmb
insisted that Mr. AmeS should distribute some OF the
stock 10 his CMcCombs) friends and named
Senators Bayard and Fowler and Representatives
Allison, and Wilson OF Iowa 1t finally arranged
that Of the stock Of the Company should be
transferred TO Mr. Ames TO enable him TO perform MS
engagements and that number OF shares was set over
books Of the Company TO Oaes Ames' trustee to
distinguish 10 from the stock held by him before MT
Ap,es al the time paid TO the Company the par Of the
stock and interest from the July previous and this
stock still stands on the books in the name OF OaRes
Ames trustee except thirteen shares, which have been
transferred 20 parties in way connected with Con-
Cress The Committee does not md that Mr.. Ames had
any negotiation whatever with any of these members Of
Congress on subject of this stock prior TO the COM
meucemont Of the session OF December 1867 except MI
scoded Of Pennsylvania and it was not claimed that
any obligation existed from Mr. Ames TO him as the re-
suit OF 30.
ANEs's MOTIVE IN PLACING STOCK IN CONGRESS-
In relation to the purpose and motive Of Mr.. Ames in
contracting to let members OF Congress have Credit Mo
ber stock par, which no and all other owners OF it
considered worth at least double that sum- the Commit
tee upon the evidence taken by them and submitted to
the House cannot entertain doubt When he said he
did not suppose the Union Pacific Company would ask
or need further legislation he stated what he believed
TO be true but he feared the interests Of the road might
adverse legislation and what he desired to ac-
COmpiisI enlist strength and friends In congress
who would resis any encroachment upon or interer-
with the rights and privileges already secured ana
10 that end wished 10 in them interest iden-
teal with bis own. This purpose is clearly ayOwcd in
his letters TO McComb, copied in the evidence,
where he says be intends 10 place the stock
"whcre t win do most good to us;" and again,
more friends in this Congress" In his letter
10 McComb, and also IN his statement prepared by coun
sell he gives the philosophy his action, 10 wit that he
has found there difficulty in getting men TO look
after their property. This Committee are also sat
isled that Mr. Ames entertained fear that when the
true relations between the Credit Mobilier Company and
the Uaion Pacific became generally known, and the
means by which the great profits expected to be made
were fully understood, there was danger that Con-
eressional investigation and action would be Invoked.
Tie members Of Congress with whom he dealt gen
orally those who had been friendly and favorable 10
Pacific Railroad and NIr Ames did fear expect to
find them favorable movements hostile TO II, but
he desired TO stimulate their activity and watchfulness
in opposition 70 any unfayRable action by giving
them personal interest in the of the enterprise,
especially far it affected the interest of the Credit
M0bilcr Company. On the 9th day OF December 1867,
Mr.. C. c. Washburn OF Wisconsin introduced in the
House bin regulate by law the rates Of transportation
over the Pacific Railroad. Mr. Ames, well as others in
ferested the Union Pacific Road opposed TO this,
and desired TO defeat it. Other measures, apparently
hostile TO that Company, subsequently introduced
into the by Mr.. Washburn of Wisconsin and Mr..
Hash5urn Of Illinois. The Committee believe that Mr.
Ames n his distribution OF the stock, had specially in
mind hostile efforts Of the Messrs Washburn,
and desired gain strength to secure their
defeat Tie reference in OF his letters,
70 Washburn's move" makes this more apparent.
The foregoing is deemed by the Committee sufficient
statement Of facts TO Mr. AmeS taken in connection
with what will he subsequently, stated of his transac
tons with particular persons.
Mr.. AaIes made contracts for stock in the Credit
Mobiier with members of the Senate In public discus
sions OF this subject the names of members Of both
Houses have been connected, and all these transactions
were 50 neally simultaneous that Committee deemed
il duty obtain all evidences in their power TO
all persons then members of either House. and report
the same TO the House. Having done this and the
House having directed that evidence transmitted the
Senate. the Committee consider their power and
duty as we'll that Of the House, fully performed
far as members Of the Senate are concerned.
Some OF Mr.. Amess contracts sell stock with
gentlemen who were then members OF the House, but
are not members of the present Congress. The Commit
"A u11f f1nr rr~fna awrff1
their reach those gentlemen and reported the
the House. AS the House has ceased 20 have jurs
dictOn them members, the Committee have not
deemed it their duty TO make any special finding Of
each leaving the House and the country to
their conclusions upon the testimony
In regard 10 each Of the members Of the present
House the Committee deem 1t their duty TO state spe
oay the they find proved by the evidence which,
in some instances, is painfully conflicting.
MR.. JAMES C. BLAINE OF MAINE.
Mr James c. Blaine Maine is among those who have
IN public press been charged with improper partc
patton the Credit Mobiler stock. He is the present
Speaker and Mr.. Blaine who moved the resolu-
tion this investigation. The Committee have there
FORE taken evidence in regard 20 him. They find from
IL. that Mr.. Ames had conversation with Mr. Blaine
regard taking shares Of the stock aud recommended
it a. a good investment Upon consideration Mr. Blaine
concluded take the stock stock Of the Union
cdc Railroad Company and never did take it, and
paid or received anything account Of it.
Mr.. HENRY L. DAWES OF MASSACHUSETTS.
Mr.. Dawes had. prior to December 1867, made some
small Investments in railroad bonds through Mr. Alnes
In December, 1861 Mr. Dawes applied to Mr. Ames o
purchase 81 bond of the Cedar Rapids Iowa.
Mr. Anes informed him that he had sold them ALL but
that he would let him have for his 900 shares of
Credit MObier stock which he thought better than
the railroad bonds. In answer 20 inquiry
by Nj Dawes, Mr. Ames said that the