The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-31
BLAlNES RAILROAD BONDS
RETELATTONs BY Dos
nos BUSINhSs MEN.
col Thomas SCOTS statement rron"uno .'r,
AS-o,a'e,, r r.,S s,ao'oo 10 minine.

There ~ p1OUDly nlo'o h""" . =
Iuue Rock and Port Smith hAi'roau III pV''."
,b n the Investigating COMMITTEE see"' ~
.,,a,s of One of the principal Boston men W
set Nj Joseuh Caldweil-is nov III
r,,one. and not available. There 81" SUI, :"
A,..,ar man who know some'hinR
-, ,ho stock and bond transacti ms auu
-. n ,ea,sav evidence were adnittou' VINO
-, TO- . nll history Of the enterprise "
eV',u ,,om by Caldwell Heretofore those
80 snew about the affair have oeen quite
..u..ot. but this seems to nave meiteu away
h., One Of the men most Intimately
an.cted with Caldwell was Mr.. Warren
risner. .Jr Mr.. Fisher was also a warm per
.onaI friend Of Mr.. Blaine and evidently did
mot mean to tell tales out Of school The
eommittee, however, IT seems, have been look
ing In tnls direction. and In anticipation OF what
thew might be prompted to do, somebody In
Washington sent several telegramo to Mr.. Fish
or requesting him to get out OF the wav, which
he W pre- airing to do on Saturday last, when
the United States Marshal waited upon him
with a SUBPOENA, which of course he had to
obey II 10 said when the ofilcer had served the
summons on him he uttered the exclamation:
"rm afraid its all up with Blaine now" Some.
who profess to know what they are talking
about, say that Fisher knows everything, rs all
the bonds issued passed through bis hands,
Others. again, saw he knows very little, but will
boil what he does KNOW.
DID col SCOTT TESTIFY FAIsELYf
A gentleman who was connected with the
road from the fret was Interviewed Yesterday,
and talked quite freely. He characterized the
statement Of Col. Scott as absolutely false. ana
Of getting testimony In relation 10 the price ~
Lutte Rock and Fort Smith Railroad bonds In
1870. Scott testified on oath that he .. I'd eighty
cents on the dollar for $4,000 worth OF the
bonds. as an Investment. Az that time me
bonds we're selling IN the market for nfy. "Of
course" said the gentleman,"I do not know
anything about the transaction except what l
.s AZ he he 9sS. r sss Soad PC Ss
heve be WAS fool enough to do 10 as legiu-
pate Investment. ABOUT the time the
viii be rememh ered that Scott was nshtius
for a right OF way for the baltimore ana Poto-
With the Philadelphia, W ilmineton and Dalti-
more road, north OF BALTIMORE. III be meant
thst be bought the Little Rock aud Fort smith
right Of way through, In face OF the Garrett OPP
position, then he may have been correct enough
On his assertion. But he did not saw this. IL was
known that Mr.. Blane was largely interest
Cd In the Lutte Rock and Fort Smith road, and
who was very liberal in placing the bonds of the
road where they would do the most good. II he
bought tho bonds from Blaine, directly or indi-
II would be profit. But II he did not have to
paw for them, then the profit would be much
,Sns year esS' IN wSoS sns Sends
were selling at from 70 to ~ per cent. OF par
fsas; Scot tarned b; inys ~, s owe, 70 the
knew just who would pay his oils for engineer
TUG his right Of way and other fayors at wash
ngtOn. II Scott has lied, President Dillon
would seem to be In the same box with MIN,
and will have to bear some OF the oboquy, II
the truth ia ever reached. 1t Is natural perhaps,
for the Pacific directors to hello the ex-Speaker,
for ~ alne Is the Union Pacific candidate for
President, and II will be OF the utmost impor-
tsnce that such friend of the road should be
made President of the United states. The
whole influence Of this CORPORATION is actively at
work for Blaine to-day, and Will labor hard to
secure his nomination.
BLAINE's $4,000 CLAIM AGAINST THE ROAD.
Speaking OF the Claim made by Blaine on the
Tosd, In equity, for the $2i0O0 he claims to have
loaned II, the gentleman said
The money was loaned bv Blaine to Warren
Usher to aid him personally IN his work 8 con-
nast9r. Mr. Fisher at the time, was at his home
be could not attend to the disbursement Of tho
money, requested Mr.. Blaine to paw 1t in TO Mr..
J. C. Pratt, President ofthe road, and ask him 10
forward II to Arkansas to be paid out to
workmen and others having claims for
services &c. on the line. Mr.. Pratt for
warded tho money "a an agent OF Mr.. Fisher,
not OF tue road. When, therefore, Fisher
Suspended and the claims in equity against
the road were put In, that OF Blaine. mu, h TO
$40 surprise OF those coHNeTsant with the whole
Transaction. was among them. and was allowed
friends in interest. though il never should have
been presented and should never be allowed.
The money was loaned 20 Fisher and he alone
should be held responsible Tor its payment.
know II was pretended that II This money had not
been loaned by Blaine the section necessary TO be
kl1t In order to have an issue OF land warrants
could not nave been com leted In time. This Is
not tue, us the limit allowed by Government for
that sectiofdid not expire for eighteen months
after the transaction"
Another gentleman gave different version OF
the ts4,WO loaned by Blaine. He said that be-
tween caldwell and Fisher-the former OF
whom was addicted to carrying too much re-
tp'nsbilty with him, ana the latter being con-
TIA TOR for building the Little Rock and Fort
bmith rOad--the bonds Of the road were all
uttered away, and the road remained on the
hand- Of the stockholders, incomplete, with less
than one-third OF II built. Money had to be
Eised TO complete certain sections OF II within a
given tune, and that the ga 90 oaned by Blaine
~ usei 10 pay DEBTS incurred by the CORPORA
ton hs well as by Fisher. Mr. Fisher, when he
took Tie contract TO build the road, stood very
high ia boston, and IL was Ow ING to this circum-
smuce that he vas 80 fully trusted and that
ponds were issued TO him before the progress Of
disposed OF for 80 cents on the q ollar, that Is,
for $4,000 and an equal amount Of mortgage
bonus and another Of nd warrants were issued.
PAYING $l30,OO0 TO BLAINE.
Some very important facts were obtain ed
frum gentleman OF high social position ana
ttor-ushly wall-known IN Boston business cir
sle' VINO WAS called upon last evening. From
Va able "a give facts which throw no little
W. 20 upon the dark aud devious ways OF the
Presidential asprant from Maine In substance
u- gentleman said
."MAren Fisher Jr., assumed the con ract to
blIld TIC Little Rock and Fort Smith Rsaroad,
tnd ny virtue OF that contract received secu-
ntie. Issued hy the road and the State OF Arkan-
"a amounting In round hunters TO slO0O,OO0.
nj thd"cll WAS the agent Of MIR. Fisher In
neg iatlg the securities and In the building
oiths Dad. Naturally, when Mr. Fisher failed, MS
eteillors supposed he had large amount Of prop
srV coming from the contract ana OtherW lse.
1hls led 10 an examination OF his connection
wth tne Little Rock and Font Smi h 70 al. The
ehdminiton dis losed that Caldwell had used
ue'e securities for mis- own ACKNOWLEDGMENT IN
khr lurtuefance Of several enterprises. notably a
bar3 i-nl railroad and another Southern rail
soad' II was this use Of the securities that led
" ~ Fishers failure. Had the money or Sc
suHtr' been Zones " applled 10 the building o
tne Little Nock ana Fort Smith road. II would
now oe finished. In TINS examination tine main
kuipose y the creditors was to ind out what
ss1 become Of thee securities, and the aston
EuhI disclosure was made, In the course Of
@f, FISHERS examination, that Fi,her had
pald Blame $1,000. The creditors did
~. olive very deep into the why's ana
sneteiores OF this transaction. Mr.. Blame
80 Speaker OF the House OF RepreseDtativ
mo II was supposed Oy the examiners that II
sue1 SUN went into bis hands there was a
1000 ana Sufficient reason. Blaine will probably
Wy that The money was received for actual busi-
ne'' services, He has a wav OF giving a nus. Tess
eolonns TO all bus ar irs Of this kind. nr Fisher
heceiltlN said tuAt ma maid tlIa f,onav "a I.Ino