The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-04-25


| therein SCOTS communication to Dillon
above referred to, dated April 2l, which
says there Is no warrant for the charges
| against Mr.. Blaine, and that the Little
Rock and Fort Smith bonds, purchased by
the Union Pacific company in 1871 were
not purchased or received from Blaine d-
rectly or indirectly, and that Of the money
paid by the company or OF the svails OF
said bsnds not a dollar went to Blaine
or for his benefit. 1t further denies that
| Blaine had any money transactions with
him in any manner whatever.
This closed the testimony Blaine had TO
offer, and he then went on to speak of the
suggestions made that he call for con.
gressional investigation but this would
involve much delay. He said he bad
moved the Credit Mobilier investigation
which lasted IS days before report was
made generating him from the charges
made. II in the present case he had de-
handed an investigation he would have
been debarred from giving any public
proofs until after the necessarily slow &C
| ton of the committee. For these reasons
he took the shortest mode of vindcation,
and had not omitted single material wit
meas to the transaction. He expresses bis
willingness 10 submit the matter to the
candid judgment Of the house and country,
aud If the house thinks further inquiry
necessary, he will give all assistance in his
power TO make 1t complete.
The rumor that he owned from $3.50, 600
TO 1856, 900 of Little Rock and Fort Smith
railroad bonds, which he received without
consideration and from which Col Scott
received his $75 900, he characterized as
entirely unfounded and without any re-
eponsible author. He would state, how
eyer, that more than 90 years ago, in
the closing days of the Fillmore admins
tration, the government granted to the
state Of Arkansas some public lands within
its own limits to be applied to the con-
struction of state railroads. The Little
Rock and Fort Smith railroad was incor-
porated that year, and a portion of the
lands received from the government given
to aid its construction, but the road failed
to be built through want of money, when
the war broke out. After the war, grants
of land were renewed, and another effort
made to raise funds, but without success
| for three years, when in 1868 company of
Boston men took the matter in hand, rails
ing the necessary means, and placed the
bonds of the road in the market. Together
with hundreds of others he bought some
of these bonds at current prices, and never
sold any of them except at regular market
prices. He lost over $4,000 by this in
vestment, the enterprise not proving sue
cessful. He united with others increasing
money for the company in its first finan-
cial troubles, and is now party Of record
to suit pending in the United States courts
in Arkansas for the reimbursement OF the
money advanced.
The lands given to the road were granted
by the state legislature, not by congress,
and therefore there was no Improperly in
a member of congress holding an invest
ment therein.
Regarding the connection of the Little
Rock aud Fort Smith road and the Mis-
souri,, Kansas and Texas, and Atlantic and
Pacific roads, he said in the spring of 1871,
the Atlantic and Pacific company took
100000 Of its bonds and 100000 of it's
stock for the gross sum of $4,000, and
| H., Missouri 1, and Tayas half
that amount at the same rate. None of
these bonds sold belonged to him and he
had no pecuniary interest in the transac.
ton. The insinuation that he engaged to
tic and PsciSc, and for the Missouri, Kan
sas and Texas roads in consideration of
their purchasing thcso securities, he brand
ed as most infamous and false.
In conclusion, said he, "Let me now,
Mr.. Speaker, briefly SUMMARIZE what hav 9
presented FIRST. that The story of my re-
covering SG4000, or any other sum of money
or thing Of value, from the Union Pacific
railroad company. directly or indirectly or
IN any form, is absolutely disproved by
most conclusive testimony {; second, that
no bond OF mine was ever sold to the At
lanic and Pacific or the Missouri, Kansas
and Texas railroad company, and that
NOT single dollar of money from either OF
thesc companies ever went 10 my profit or
benet fit third, instead Of receiving bonds
OF he Little Rock and Fort Smith road az
a graruity, | n,ver had one except a, The
regular market price, and that instead OF
making u large fortune of that compxuy i
have incurred u severe pecuniary lots from
my investments in lis securities which
still retain.
And out of such affairs as this grows
popular gossip of large fortunes amassed
in congress. can hardly expect, Mr..
Speaker, that any statement from me will
stop the work of those who have so indus
tIiously circulated these caumnies. For
months past their efforts have been ener-
getic and continue to spread these stories
In private circles. Emmisssries of the
SANDER have visited the editorial rooms of
leading republican papers from Boston to
Omaha, and whispered Of revelations to
come that were too terrible even to he
spoken in loud tones, and at last the reve-
larlons have been made.
lam now, Mr.. Speaker.i in the fourteenth
year of not inactive service in this hall
have taken and given blows have no
doubt said many things In the heat OF de-
bate which would now gladly recall
have no doubt given votes which in fuller
light would gladly have changed but l
have never done anything in my public
career for which l could be put to the
fainlest blush in any presence, or for
which cannot answer to my constituents,
my cnnsciencn md tho @ raat Saarchnr Of