The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-02-08
THE MEMPHIS-EL PAS0 JOB.
GEN. JOHN G. FREMONT THREATEN-
ING A run EXPOSURE.
Something that may Rival the Credit 1Iobi-
Her scandal aud Give the Death BLOW to
Col. Tom SCOTS Texas Pacific scheme.

Something that may Rival the Credit Mobi-
Iier scandal aud give the Death Blow to
Col. Tom SCOTS Texas Pacific scheme.
WAsufNGToN, Feb. 7. - Tue judiciary
Committee Of the House began, under the Hol-
man resolution, 20 inquire into the history Of
the Memphia-El Paso, and Texas Pacific
Htilroad Companies. The Holman reso-
ution restricts tho committee to two
points; First, whether the charter of the
Tex Pacific was obtained by corrupt
Influence and. second, whether that company
has since Its organization done anything where
by 1t has forfeited its charter. The scope Of the
Inquiry appears to be very much restricted, but
In order to obtain an intelligent idea Of the re-
lations which exist between the old Memphis,
III Paso, and the Texas Pacific companies, the
committee will be compelled to travel over the
whole history Of the former corporation.
The MemphisEl PasO had placed large loan
million collars worth OF bonds, which were
based upon the lands granted to the comp any
by the Statc OF Texas. great deal Of this
money realized from the sale OF these bonds
had been squandercd, but still there was some
thing like one million dollars In gold In the
hands Of the officers NJ the company when they
entered into conspiracy to have the company
thrown Into bankruDtcy, and now concern
chartered by Congfess to absorb the old
one. The principal echcmer In this plot seems
to have been John A. &. Gray of Now York,
VINO succeeded in deceiving Gen. John G. Ere
mont ana cntrdpping MN, ana tnrH was enabled
TO use hun IA tool to accomplish erds he had
In view for his own advantage. Fremont con-
sented to the Judicial prOceedings which were
TO pl ce the Memphis HI PasO Company In the
hands OF receiver, ana made use OF the money
which was In his h nds to secure the pass ige n
an act OF INCORPORATION, which was 10 include
among the cOrporators gentlemen who were the
friends OF John A. &. Gray, and who were
pledged to furnish the means t. build the road.
But TOm scott was here, also, after charter
for Southern Pacific railroad. and the Central
Pacific of California was here to prevent either
from ACCOMPLISHING anything. BILL stewart
Senator from Nevada, WIS the representative OF
the Central Pacific, and Fremont had to ret him
out OF the way, which ne did by buying him.
The fyht WIS then between scott and Fremont
and the latter proved himself strong enough to
compel scott TO propose a COMPROMISE, which
was nray arranged. II was agreed that FIRE.
mont and his party were to nave a certain inter-
est in the new company. and that Fremont was
to be reimbursed his expenditures.
Having ACCOMPLISHED all they desired, Gray
and Scott joined hands to cheat Fremont and
his friends. and they have done IL most enec-
tually. The old Memphis-El Paso IN the hands
Of GRAY, the receiver vi h all its valuable fran
chses and land grant, has passed to the Texas
Pacific bv means Of cuilusive and fraudulent
judicial proceedings, ana Fremont, betrayed on
oil sides convicted IN his absence In France, re-
duced to penury almost by the treachery OF
Gray and scott, has Al length turned ON his enc
mics, aud means to crush them by a full and
complete exposure Of all the facts.
The initial sttps In the investigatiOn were
taken to -day by the examination of :. W. Nor
ton, formerly Of Indiana, who knew great deal
about what was done IN Congress when the
Texas Pacific legislation was procured. He
opened u his budget to-day In a way that
rather opened the eyes OF the members Of the
Judiciary Committee. lie said that he knew
that one million dollars were SIT apart for pur-
poses here ~ Congress. and tnat Dick Parsons
and X. VI. Corwinc were the agents TO disburse
II. Parsons was at that tine Marshal Of tue
supreme Court. and Corwlne Is prom
iuent LAWYER ~ TINS city. Parsons Is
now IN EIrupc. where ne thought II
pr ident In 20 and remain until after the
adjournment uf Congress. Corwine T. stil in
Washington. and VIII have to appear before the
committee anu tell what ne knows. Merton de-
81 red tnat ne haI no knowledge u the manner
IN wuich this immense sum Of money was dis.
trihuteI, but he knew that Parsons and C1rwine
pretended to furnish "a list OF persons 10 whom
u was yttd go tine officers Of the company Gen
Ter several days. The eXamin ton OF Nor. on
WAS nos cotclUded to-day, and he Will be sub
jected to further catechizing at another time.