New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-01-14
THE CREDIT MOBILIER.
MORE DENALs AND DISCLOSURES.
AN EXPLANATION FROM CONGRESSMAN DAWES
MR.. BROOKS'S SON-IN-LAW ON THE STAND.
LILY TELEGRAPH THE rRIRINRI


AN EXPLANATION FROM CONGRESSMAN DAWES
MR.. BRooKS's sON-IN-LAw ON THE STAND.
rBY TELEGRAPH To THB TRIBUNBI
WASHINGTON, Jan. l3.-The Credit Mobilier Com
mittee were in session for two hours, to-day MI
Dawes made statement in which he frankly ac-
knowledged that Mr.. Ames had invested Tor nm
g. 600 in Credit Mobier stock and that he had re-
ceiyed dividend of IS per cent on 1t, but that
learning that suit was pending involving the title
10 the charter of the Company, he got Mr.. Ames TO
take il back with the dividends, and only received
10 per cent interest his money while he held the
stock He had never before made or authorized
any public statement concerning this transaction,
the letter published last Summer having been writ
ten without any intention of publicity. Mr. Dawes's
friends think that his statement exonerates him
from any suspicion OF wrong intention in buying the
stock and say that the only thing to regret about
the affair is that he did not make full explanation
last Summer, instead Of permitting people to con-
elude from the private letter he wrote that he knew
nothing whatever about the Credit Mobilier, and
never had any connection with it.
Charles II. Nelson, son-in-law to the Hon. James
Brooks was examined at length. The substance of
his evidence was that Mr.. Brooks had told him he
could put him into good thing, and had offered to
lend him money to buy Credit Mobiler stock. There
was q chance TO make some money and he Brooks
had put his name in. He went to the Office of the
Company and got 100 shares, for which Mr.. Brooks
had already paid $4,000 subsequently Mr.. Brooks
told him that he was entitled to so more shares on
payment Of $4,000. He borrowed money to pay for
these additional shares of Mr.. Dillon, the President
of the Company giving him security portion ofthe
first mortgage bonds Of the U. p. K. r., which he
had received as dividends on the rstlO shares lie
had never repaid the money to Mr.. Dillon. lie got,
in ALL as dividends on the $50 shares $4,000 IL cash,
$4,000 in first mortgage bonds of the railroad worth
about par and SD shares of Union Pacific stock par
value 800 share, and now worth about S35. He
still held the Credit Mobilier stock and Union Pa
oific stock in his own name all but 800 shares
of the latter, which he had sold The $4,000 In
cash he had paid Mr. Brooks, and he thought
he had given him all the first mortgage bonds ex-
oept those he hypothecated with Mr.. Dillon. He
admitted when questioned by Col. McComb, that
he was enabled to get tho Credit Mobilier stock
through the influence of Mr. Brooks but he denied
that there was any understanding that the latter
was to realize any benefit from the purchase, and
said that, on the contrary it was distinctly under
stood that the transaction for his (Neilson's)
sole benefit Mr.. Brooks was in the habit of putting
him in the way Of a good thing now and then
At the conclusion of Mr. Nelson's evidence, Mr..
Brooks apparently oblviOus of the fact that the
admissions of his son-in-law were more damaging
TO him than Col. McCombs testimony, made out
long list of witnesses in NewYOrk and New-Ore9ns,
whom he wanted summoned TO prove that Col.
McComb's character was bad, and that he was not
to be believed on oath. Col McCOmb said he was
willing to go into that question, and would like to
have the entire leather trade of New York. Philadel
phia, and Baltimore, sent for; Also A. l. Stewart
and the dry goods merchants of New-fork. lie had
dealt with these men for twenty years, he said and
fhav conId testify IN his honesty He WOuld also
like to have some witnesses as to Mr.. Brookss
character The Committee took Mr.. Brooks's list of
witnesses but did not promise to subpoena them
Tomorrow. Mr.. Durant is expected to appear to-
gether with Messrs Ham and Crane, the Secretaries
respectively of the Credit Mobiier Company and OF
its Board of Trustees. They have been ordered to
produce the books of the concern.