The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-01-01
PACIFIC MAIL.
The Ways and Means Committee Com
plete a Hard Days Work.
IMPORTANT DEVELOPMENTS.
A Vice Presidents Opinion Of What lie Should
Know and What He Should Not.
The Meeting Adjourned Until
Saturday.

Saturday.
The subcommittee OF Ways and Means resumed
business in Parlor No. l, Fifth Avenue Hotel, at
halfpast ten A. NJ. yesterday. The room was
pretty well crowded during the day. although
nothing OF very interesting character came out
in the testimony.
The first witness examined was Mr.. Weed. the
cashier OF Mr.. John Roach, who, being sworn,
stated;-I am cashier Of Messrs. John Roach &
Son; remember an exchange OF checks for
100000 being made on September 4. 1872
at the request OF Mr.. Bellows Vice Presi-
dent OF the Pacific Mail Company; on
the day previous. while was in the ONCE OF the
Pacific Mall on other business, MIR. Bellows re-
quested me to make the exchange; Mr.. Roach was
not present. but on his return to the once he said
he bad no objection. The check gwen US was
deposited in the bank to our credit; it
was only regarded by us as q simple
exchange of checks; gave the check to
Mr.. Bellows, not to Mr.. Stockwell.
Mr.. John Roach was then recalled and stated -
have no knowledge Of the transaction, as Mr..
Weed, my cashier, did all my business with the
company, making my disbursements and my collec-
lions; Mr.. Weed came to me and told me that the
Vice President (Bellows) asked him TO exchange
checks Tor $500, 900; said saw objection, and
the transaction was made; the sum corresponded
to the amount we were to receive from the COM
pany on account OF the two steamers Peking and
Toxic; Mr.. Weed filed out the check, and we re-
ceived the exchange and passed it 10 our credit;
when the question came up looked over our
check book and found there was nothing in the
matter as lar as we were concerned, except a
mere change of checks; all l know about the
matter came from Mr.. Weed.
sINECURE DIRECTORS
Mr.. Roosevelt G. ROlston was then sworn:-I wa
elected a director Of Pacific Mail Company May
20, 1872. and remained in ONCE until December IT,
1872, when 1 rendered my resignation; 1 knew
nothing about the movements or the company in
their efforts to obtain "a subsidy knew nothing
OF the subsidy, and nothing was stated at the
Board about the liabilities OF the company in re-
gard to the subsidy; DO not know the rig1nal
amount OF stock issued by the company.
MIR. G. L. Kinssland was then sworn:-I was
elected as a director May %, 1872 and served
until May, 1878; had no connection with the
company prior TO that date; obtained no knowl.
edge OF the expenditures Of the company in re-
gard to the subsidy; the matter was never
brought up before the Board Of Directors during
my term of once; know nothing at all about
the subsidy; do not know why Mr.. Hatch had me
summoned before this committee.
MR.. sTOCKwELL's BROKER.
Mr. Charles A. Avery was then sworn IL am the
attorney Tor A. B. Stockwell; l was q partner
with Mr.. Stockwen in 1872 in the firm Of H. II.
Gray h Avery; we were dong business in Broad
street; our firm held no Pacific Mail stock; all
know about the subsidy is what read in the
papers; 1 know nothing about Mr.. stockweWs
efforts to obtain the subsidy; Mr.. stockwel had
considerable Pacific Mail stock and we acted as
brokers for him; could tell you the amount Of
transactions by reference to my books; they are
on deposit but can get at them; MI. Avery then
MIR. HArCH's BUDGET OF LETTERS.
Mr.. Rufus Hatch was then put on the stand and
and these anr the
tiers can find. Mr. Hatch then read the follow
ing letter.
DEAR "a nYour esteemed w 1y0r Of @ GOVERN:
usual remain Esfy tEHy 4HSs
C. S AHrRcRoMn1K ESQ.,, Treasurer Pacific Mail ste am
ship Company.
That letter was Endorsed Irwin. Richard B.. jan
uary H. 1871.
THE SECOND LETTER.
WASHINGTON, Feb 49, 1911
My DEAR srR-Yours Of the lltn, covering checA tor
$500 came hand this noon M5 shanks
G. AsEacnoxsIE ESQ, Treasurer, Pacific Mail steam
The ABOVE Is indorsed Irwln Richard b., Febru.
AIRY IL, 1871.
50 AsD 81 WALL STREET,
RICHARD 3. IRWIN, ESQ. San Francisco
here possible the receipt this letter.
and you WIN therefore make your arrangements to
here a an early date.
from you all information that you car give as TO
whs IS, done 6y last year e
how long will be detained here, but you had better
arrange to be absent at least two months.
Quoted 81 Captain tldrdse and me assistant agent MI
the business Of the company and this 10 be arranged by
Telegraph when you are ready to leave and what day
~ +. W q. BELLOWS, Vice President
w4 iRsssiysd March Marsh & : l 81
r. W. G. BELLOWS, Esq., Vice Presdent:-
DEAR sIR-rhanks tor the return OF Mr. sargents
10 obige some of our best and strongest friends
have PROMISED BERN f. egn CLERK VII On China line
me by me frank for him u fnb n to N
Endorsed, Irwin, RrcHD B., March s. 1872
AGENCY PACIFIC MAIL STEAMSHIP CoxpASY,l
A. b. srocKwEL1, Esq., President, New York -
DEAR sIR-Encosed hand you drafts OF proposals for
Connected herewith. '''N - N''''"''
woud suggest your sending Mr. Albert to Washington
~ or II you choose before the morning OF August
the best man. AT all events send some one Very re-
Endorsed. IRWIN r, B., July 81, 1871
That is all the papers or documents that can
BY Mr.. Beck-I know nothing personally about
the exchange OF checks between Mr.. Roach and
the Pacific Mail Steamship Company; l can refer
to the books OF september 4, 1872; find charge,
entered on September 4, OF 100000 to John Roach
on iron propeller No. and charge OF $780, 900 to
John Roach on iron propeller No. 9; the Toxic and
Peking have been fully paid for think that there
Is 90 900 more charged on each OF these steam
ers than Mr.. Roach actually received; / should
say that somebody was trying to get away with
100000; do not know what was done with 1t;
have enough to do to attend to the present busi-
company; l believe the $500, 600 went to Lockwood
& Co.. l do not know so Tor certain, believe that
SOME ONE WAS BENEFITED
! by the transaction; cannot tell who 10 was; I
have an opinion. but not any knowledge about it.