The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-01-27
The Credit Mubiller Inquiry.


bic amount about those days.
@. viii you state the transaction you
had with Logan, and for what that check
was given A. Logan agreed TO take ten
shares OF Credit Mobilier stock; Im9de
up q statement showing q balance due
him and gave him check for 1920; after
that he paid me the money back with In
terest. I prefer that you summon Logan
mot take my statement.
Q. At what time was the contract
made between you and Logan? a. l
think in December, 1867.
@. He paid no money! A. No, sir
only that $500 he returned to me with
interest.
Q. He paid you nothing ct the time Of
making the contract? A. No.
@. You received bonds with his stock
and sold themP A. Yes.
Q. And afterwards tho money divi-
dendH A. Yes.
Q. And after deductlng amount due
you 1t left q balance Of $500 due him
A. Yes, sir. l remember that same as l
do all the rest.
Q. Did Logan ever receive anything
more? A. No, sir. He paid me back
the $3.50 with interest; l think the inter-
est amounted to 50 or So. ! can't re-
member dates or amounts exactly; but
much prefer that you will call Logan.
Q. What was said about resembling the
contract when the money was refunded
by him? A. I don't know what was in
hiu mind at fhnt time
Q. When he paid you back the $500
was it the understanding that the stock
remained as yours? A. Yes.
Q. 80 Logan made nothing. A. No;
only he has q bad name, carried bya
check for $500.
Q. That is all there is in this trausac-
ton? Yes
Witness, on interrogation by Mr.. Mer-
rick, said he thought the first PROPOSE
tions came from Logan TO him. In a
general way there were great many
people who thought it was going TO be
profitable enterprise; thought he paom.
ised in the latter part Of October, 1867, to
let persons have stock assigned to him by
the company; was to carry out engage.
ments previously made; he thought he
had promised some gentlemen in Con.
gress stock prior to December, 1887, as
he had been trying TO get persons in
terested in the Union Pacific Rail
road and the Credit Mobilier; he had
sacrificed some of his own stock in order
to fulfill engagements he had previously
made. When he found he could get more
stock from the company to fulfill these
engagements, he did so. Could not re-
member II he had any conversation with
Colfax on letting him have Credit Mo.
bilier stock prior to December, 1867; did
not think he had any conversation with
Wilson.
: Mr. Patterson said he had spoken to
witness previously, butwitness could not
thought he had q converse
ton with Bingham and Scofeld; did not.
remember as to Garfield and Kelly.
Judge Poland-I understand Mr.. Ames,
you have some further paper which pass
ed between yourself and Patterson. MIR.
Ames-I have.
M. Ames read the following receipts:
WARRINGTON, January %, 1sG8-Re-
ceived of 0akes Ames eighteen hundred
dollars on account of dividends received
BY him as trustee on stock held for my
account
Tsignedl J.W PATTERSON.
3. Did you see him sign it. A, Iwrote
the rececpts and he signed 1t.
Mr.. Ames then read the following:
BosToN, May 0, 1s71.-ReceiVed Of
Oakes Ames two hundred shares Union
Pacific Railroad stock, and seven hundred
and fity.seVen and twenty-four hun.
dredths dollars in cash, on account OF
Credit Mobilier stock. There is still due
on this transaction thirty shares OF stock
In the Credit Mobilier OF America, and
two thousand dollars in income bonds Of
the Union Pacific Railroad.
Tsigned] ]. W. PATTERSON.
Witness said this paper was in his
handwriting, but Patterson signed it in
his presence. The $500 and check Civ.
en- Patterson on the Sergeant.at.Arms
and others is on final settlement. Wit
ness here handed in letter written to
him by Patterson. He received several
others, which he destroyed. This letter
was written since the investigation com.
he wanted me to make my
testimony conform to 1t. had lots OF
conversation with Patterson. The letter
was read as follows: =
WARRINGTON, De-, January 4, 1875
hon, OdIeS AmeS-MY DEAR SIR: Facts
in regard to tho Credit Mobilier so, far as
| had any connection with 1t, were as fol.
lows: YOU came to me one day knowing
that q want OF means was q chronic evil
with me and said; Patterson II you would
like / can let you have 80 shares Of the
stock IN the Credit Mobilier, which |
think will be q profitable investment and
will be agood thing for you. My reply
in substance was, that il you had any
thing which could properly invest in
and out OF which could make some
money, l would DO glad to take 1t; but
that / had not the money at that time,
and must deter 1t. Your reply was, that
YOU presumed l could have 1t later, when
It might be convenient, You regarded
1t as a perfectly legitimate transaction
At that time you did not, could not an
ticipate that you should ever ask for
further legislation from Congress in Ie'
spect to the road; you never did, except
when it was forced upon you by the Sec
retary. Alter this conversation with me
you may have had the impression
that I should take stock sometime,
but for some reason or other, perhaps
for want Of funds, never took any Of
the stock. II l never had any stock in
the company. l could not, as l did not,
have its dividends, II pressed to know
If purchased at any time any bonds
or stock Of the road, you can say l did
at the time they attempted to cmbar-
rass you, when the value Of the stock
was depressed, and that paid you the
full market value for it. l paid you
seven thousand dollars in money for
stock and bonds. The stock l put
into the hands OF Morton Immediately, to
sell ss soon as it should go up reasonably
in the market, which he did. Saw Nor:
ton on my way through. He said he had
never held any stock in the Credit Mo-