New-York tribune., 1876-06-02
THE CASE AS 1T NOW STANDS.

IN his manner enmity to Mr.. Blame.
THE CASE AS 1T NOW STANDS.
nr1JrGAN,s ENMITY-NO OBJECTIONABLE BOND
TRANSACTIONS PRovED-AN EXPLANATION IN
REGARD To THE BLAINE LETTERS REQUIRED.
iBY rELEGRAPH THE TRIBUNE
WASHINGTON June 1-While it cannot be denied
that the result of to-day's investigation of Mr.
Blaine's connection with the Little Rock and Fort
Smith Railroad bonds has been such as to leave an
unfayorable impression, there a few facts which,
while they form no part of the testimony, should be
fv taken into consideration, in order to arrive at
a inst estimate of the case as it now stands. No
one who was present during the examination to-day
would fail to discover that Mr.. Mulligan
svneed strong feeling of enmity and spite
toward Mr. Blaine throughout the whole OF ms tes-
tin,onv There is no doubt. as Mr. Blaine sald IN
his statement that Mr. Mulligan came here feeling
very unfriendly toward the ex-Speaker, and DIS
posed to do him anything except justice. 1t is even
hinted that there has been misunderstanding be-
tween them. and that Mr.. Mulligan is now seeking
revenpe Notwithstanding this evident desire and
intention TO iniure Mr.. Blaine, Mr.. Mulgan has
TINS far failed to testify to single fact which does
not fully accord with Mr.. Blaine'sorignal statement
and with the testimony of Col. Thomas Scott ana
other witnesses. TO be sure, he says that Elisha
Atkins told him that Mr.. Blaine had disposed OF
seventv-6ve of his Arkansas bonds to Col |cOtt on
very favorable terms but Mr.. Atkins, whose WORD
will not be doubted anywhere, Is anxious to have an
opportunity to go upon the stand and to deny that
he ever made such a statement in Nullgan's pres
ence as that he had any knowledge of any such sale.
Mr. Mulligan, it will not be forgotten, has no ln-
formation on the subject himself and his testimony
on this point is therefore simply hearsay not corroD
borated by his alleged informant.
The investigation thus far has brought to light
two sets Of transactions The first includes those
which took place between Josiah Caldwell OF Boston
and Col Scott Both of these gentlemen, as it Is
well known were interested in the Southern Secur-
iiy Company, one object of which was to obtaln
control of line of railroad from the Atlantic TO the
Pacific Ocean. The several lines In this ROAD were
the Nemnhis and Charleston, the Memphis and Llt-
tie Rock. the Little. Rock and Fort Smith ana the
Atlantic and Pacific Railroads In order to carry out
their plan Col Scott assisted Mr. Caldwell who was
building the Little Rock and Fort Smith Railroad
and purchased of him number OF its bonds. subse-
ouentlv az he himself testified, he sold portion OF
these bonds to the Union Pacific Railroad Company
for S64. 900. that Company taking this method to
repav him for his valuable services while acting as
President The second set Of transactions took
place between Josiah Caldwell, Warren Fisher, Jr,
of BOSTON, and Mr. Blaine. Mr.. Fisher and Mr.
Blaine had for many years been on the most lntl-
mate terms The latter's business transactions with
the former began when he was only 22 years OF age
Mr. Fisher undertook the sale of some of the Little
Rock and Fort Smith bonds. and was Offering
to paw a generous commission to any one who
would assist that Company in raising money
by disposng of its securities. Mr.. Blaine undertook
to sell number of its first mortgage bonds and did
succeed in placing some of them among his friends
and acquaintance in Maine. For these services he
reserved some of the bonds of the Company. Sub
seouently some of those who had purchased bonds
from Mr.. Blaine became dissatisfied with their IN
vestInent and asked him to take them back. Al
though not obliged to do it, he did accede to this
rebuest, and it is understood that Mr. Caldwell TOOK
the whole or part of them of ms hands.
Now in order to break down Mr. Blane's state
ment in his own defense, it must be shown that the
bonds which Mr.. Caldwell sold 10 Col. Scott were
the same bonds which the former received from Mr.
Blaine. This is the missing link in the case against
Mr.. Blaine, and without it the prosecution must APP
parently fail. That link Mr. Blane's friends say it
will be impossible to supply. On the other hand
theycondenty expect to prove that it does not and
never did exist. They intend to show this by COM
pairing the numbers of the bonds now in possession
Of the Union Pacific Company with the numbers Of
those which Mr. Blaine returned to ur. Caldwell,
and by proving that they are not at all identical.
''N"s 49,"
interview with Mullgan yesterday afternoon The
discovery that Muiligan had in bis possession some
Of Air BlaDes private letters TO Warren Fisher and
the manner in which the ex-Speaker obtained them,
and his refusal to return them to Mr.. Mulligan or to
produce them before the Committee. 1t Is perfectly
natural and proper that man should object to the
publication Of his private and confidential CORE
spondence OF to its retention by person who is
friendly TO him, and who indeed threatens TO lay it
before the public in certain contingency over
which the writer has no control, nor can any
one doubt that Sir. Blsines position in re-
fusing to produce the papers on the demand
Of the Committee was perfectly proper one. At
the same time the public attention having been
called to the existence of the correspondence and
Mr.. Blaine having shown great anxiety to get and
retain control Of IT. nothing except the fullest and
most complete explanation of the character of the
etters OF their actual production will remove all
ground for q suspicion that they do not contain
something which would not bear the light Such
explanation Mr. Blaine's friends assert. will be
made tomorrow. Mr.. Muligan's testimony caused
great excitement about the Capitol to-day and ia
the talk Of town this evening.
MULLIGANS TESTIMONY.