The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-16


After a recess Of an hour and q half Col.
Scott was sworn, and on being examined by MIR.
Hunton testified that he formerly owned those
Smiih h Railroad Company, ana bought them a
year and four months previous 10 his selling
from from josiah % csiawe @ Who who was % negotiating the
bonds OF that coppiny. Caldwell belonged to
Boston. but 10 Az know where he now was.
He gave Cai0w well eighty cents on the dollar for
tho bonds and psiu him In currency or check or
draft, he did not remember which, lhe purchase
with tue Pacific railroad Company. lie gave
100000 for the bonds, and SOLD them 10 the
Union Pacific jroad COMPANY, through Nor
ton, Biiss X Co., for nearly f6{.OOO. When. In
March, 1871, he entered upon the duties OF Presi-
dent OF the company, tine stock was low down
Il was not long before there was marked i'm
provement In all Its affairs. He had believed
sation for his services He wss pressed for
money which he wanted more than the mere
salary, and 4 was finally suggested that the com
pany should buy these seveniy-1ye bones OF the
Little Rock and Fort smith Railroad Company.
He was to have the option Of buying them bacK'
bonds at the price nxed, through Morton, Bliss
Co., and the bonds went TO the union Pacinc
Railroad Company In this way and IN no other.
OIL understand you to say that the Executive Com.
mi.ee, OF which YOU scre etotfcio meinber bought
10 obnse me, also in consiuers2n Of valuable ser
vices.
of he SCnS. C. ds 6SSn
was adopted a. meas 20 compensate you In part Tor
extraordinary scrylccsY Ayes.
SALARIES OF RAILWAY PRESIDENTS.
SS docs @ SS conn ns'P1 n Sq se5see reSseS com I'm
gives its prssident $4,000 per annum me PnIsdel
e asa to 'ss Consider no% Sv the the uen
S. asS' ana % The prosSefoas coaaos Of sse Company
1as the y SYsSs
rU5 s%a ys IN & fo% % s sae hfseS
tive Committee old not wish 70 Interfere vita or dis
scsnesi. M 9isps win The ss,e3;ays sa bonds: A.
whom purchased the bonas was the principal man IN
negotiating then, -. .s - .,,. a.. - a.,
behalf fo u oslaseip A.eYou aessr Sid
c.d III I bona. s pSTs ou a ,se e MAS
any way 9.etes cd 10 ,he Pr0eseds after you 'oli
have no knosleuge or belief tna you had any thing to
do with them
POKER JACK oS TnE STAND.
| John Mcclure OF Arkansas testified that he
was acquainted with JOSIAH Caldwell, VINO w4s
| connected with the Lttle Rock and Fort Smith
ltai!road Company. lie was asked the quest on,
| ibid you ever near from Ca dwell the dsposi
| tion OF any bonds of the company" when MIR.
| Blaine iDterposed, saying that he had suffered
no doubt, 10 the estimation OF good people, pc
| the bonds that went TO the Union Pacific
Railroad Company, and ss there was nothing
| else In the resolution under which this investi-
CATION was held be was entitled TO report on
| that subject slone. He did not want II COM
| Heated With anything else; he wanted Il un-
| mixed with any other question II should
| stand exactly where the witnesses left II. He
thought he had a right, In the name Of juslce,
to make this demand. Inc witness, mr. Nc
| that would be testimony.
nation as to the sale Of lhe seYentynve bond. con
eerniog which testimony has been taken? Al nsvsl
them IS ~hat Caldwell tod me.
1t was decided that hears1y testimony could
no1 DO taken, aud the COMMUNICATION adjourned