New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-01-08

THE STOCKW TRANSACTIONS
IMPORTANT INFORMATION IN.THE SHAPE or A CAN
CEIIEp CHECK FOR S2t0.OO0-HOw DEFiU-
EECY WAS COVERED UP--NR. IRWIN COMMENTS
ON THE COURSE By TIE CoMMITTEE-TiIE DI-
RECTORs RESPONSIBLE FOR sroCKWELLS &C
TIoNs-DENIAIs MADE FOR ThE PURPOSE Oh
SAVING THE SUBSIDY.
lBY TELEGRAPH TO THg TEIBCNEl
WASHINGTON. Jan. The Ways and Means Com
mittee has received within Few days, but has not
yet put in evidence some further important mfor-
nation in regard to the $4,000 for which Stockwel
originally gave a check to John Roach, which was
10 long floating about among the accounts OF the
Company. and which the testimony thus far taken
seems to show was either stolen by StOc6Weu or
used by him here. The Information referred to is 10
the form Of a Cancelled check from Lockwood
to the Pacific Mail Steamship Company for
S9O0,O0O, for which that Company received credit
In their accounts at the Bank Of Commerce The
history Of this transaction is therefore this: Stock
well gave John Roach a check of the Company for
S2OO,OOO Roach gave Lockwood a check for ike
amount, and lockwood returned his check for he
same sum to the Company. the object # the whole
transaction being to make iron steamers Nos. and
eappear to cost $4,000 each more than they really
did, aud thus cover up some other deficiency.
Irwin says this evening in regard to the $4,000
which, by Aberts testimony has been traced to his
Qrwin'sl hands. that this evidence only forms IL
q circle bringing the Committee back to the point
where they started. He originally held in bis pos
session, as agent of the Company $4,000, and when
they find 100000 there it proves nothing. But iii
regard to that 100000 he is willing to go before the
Committee and account for it fully and satisfactorily
az soon as the Committee are ready to hear MIN.
He also complains that the Committee take no
measures to get at the best kind OF evidence which
tan be obtained and that is documentary. For
instance the Committee think that the testimony
taken i'll New-YOrk proves that inc received from
the Company $4,000 before the payment of the
$75OOOO; but he says he never received that sum.
and he has asked the Committee in writing 10 send
for the Cancelled checks for the period from Jan.
70 HAY 3D. 1872, and then they can see
iust how much money he did receive and
what Endorsements are on the backs Of those checks
Again. he says thai the Committee could get great
deal Of useful information from the minute books Of
the Company, for which they issued a subpoena dQceS
teoan once, but which Rufus Hatch prevented from
beng brought. The Committee should also get the
,ontract with John Roa H. made by the present di-
sectors. bv which he agreed to come here and save
She subsidy. The minute books, Irwin SAYS. would
show that the present directory ratified all that
stOckwell did, and responsible for IT, aud
that their successive accusations. first, that he
qrwiu) stole the $4,000; second, that he and
StOCkwcll lost il III stock speculatiOns; and, finally
Ihat If the money actually spent in Washing
sop the present directory are in way responsible
Ase all made for the purpose of saving the subsidy