The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-13
Nj. ROLLINS EXPLANATION TO Mr.. HARRISON.
REASONS FOR SILENCE.
Positive Denial by the Ex-Speaker Of
the House.
HIS FORMER EXPLANATION
A Little Transaction For q Mythical
Constituent.

BosToy, April IL, 1870.
A communication to the Herald from New Aamp.
shire states that the kilograms the morning papers
concerning the alleged OF $6s 900 to James g.
Blaine by the Treasurer OF the Union Pacific Railroad
Company naturally create q sensation In Concord,
where, tor some time past,
MYSTERIOUS HINTS
have been thrown out that Mr. F. H. Rollins, the
present Treasurer Of the Union Pacific Railroad
possession of Information concerning money trans
action to which Mr. Blaine party and which, II u
became public would render his defeat q candidate
for any ONCE absolutely certain Lattery these hints
have been gwen out with moro freedom, and few
days ago 1t was positively stated by prominent re-
publican that Mr.. Rollins had It IN his power to
whenever he might choose TO do The circulation
OF this remarkable statement among a few prominent
republicans and The vague suspicion which has become
general that Mr.. Blaine had in way compromised
himself accounts for Tie reluctance 10 send Blaine
delegate to the Cincinnati Convention which is 50
manifest in this State. II will be observed that the
letters of Mr. Rollins and OF Morton Bliss Co. In sup
port OF Mr. Blanes DENIAL sent to tho Associated Press
last night are wordcd with extra caution. The
NEW BANKERS
that Mr.. Blaine no, "known supposed to have
any interest OF any kind" in any transaction with
them which would preclude the existence Of
transaction in which Mr.. Blaine had acted agent
nominaly for some other party Mr.. Rollins states
that far he knows, Mr. Blaine has not been inter-
csted in any transaction with the Union Pacific Rail-
road company since April 8, 1871 but no does not say
that there Is transaction recorded the books q
the Company previous to April s, 1871, in which
Mr. Biaine's name appears There is nothing
whatever in Mr. Rollins denial that affects the truth
fulness or the statements made the authority Of
Mr.. Harrison, OF Indiana. That they true will b
undoubtedly shown in due time history OF the
transactions which Mr.. Rollins was eager to cover
up will show that he felt anxious about IT, and further
that Mr.. Baine's denial and Mr. Rolling guarded
letter OF March 81, 1876, don't at at all.
A VERY Long STORY
Is connected with this Union Pacific Railroad transac.
tion the details or which known TO very lew per-
sons The record in the books OF the company shows
the purchase Of number OF bonds OF the Little Rock
and Fort Smith Railroad Company in Arkansas by the
company for explained reason from Morton, Blissd
Co some time In 1870. early in 1871 Mr. Harrison,
Of Indiana, the government director, and J. F.
Wilson. OF Iowa, another government director,
found this record the books OF the company, and
could not understand why Union Pacific Railroad
Company shot have paid these bankers So, 900 for
lot OF valueess nearly vaueless Arkansas Railroad
bonds At the annual meeting in 1872 Mr.. Harnsoa
asked for IN explanation, aud was told By
Mr. Rollins that Mr. Blaine got the money,
and that for political that mattel
should lot be inquired into at that tina
Now the mr ortant fact which lies back Of all that
published In the indianapolis Sentinel, Is that in.
vestgation afterward mado and was found that
the bonds purchased from the bankers by tho railroad
company were obtained by tho bankers from Mr..
Blane that Tom Scott, who president OF the COM
hcc,r Jav ont O
road, induced tho bankers to take tho bonds
from Blaine and gave them his noto for
se4 600 security that Scott did not pay this note,
but allowed II TO become overdue and aterward that
he caused vote to BIO passed at meeting OF the Union
Pacific Railroad Company to pay Morton, Bliss Co.
s6s O00 The transaction, therefore, appears to have
been simply payment, under cover by the Union
Pacific Company, Mr.. Blaine OF so4, ooo the bonds
being OF very slight value, any at all SO much Tor
the transaction as IL 10 understood here
MR. BLAISEs EXPLANATION
Mr.. Blaine has recently been East, armng himself
with data meet this charge, appears BY The date
Of the letters OF Mr. Rollins and Morton. Bliss Co.
Blaine 70 saw to chsrres so grave ~ Il Is understood
he does not dcny that he sold the bonds 10 the
bankers but that ne claims that his transaction was
with The bankers alone, and that he merely an
agent tho matter short time ago he gave
the following explanation Of the matter 10 iriend:-
Maine and about TO visit New York city, constituents
OF his asked him TO take SD, 900 OF Fort smith and
ILL
New York. When no reached New York he won't
around among the bankers and brokers IN Wall street.
chaser, there did not seem 10 be much demand
Tor Arkansas railroad bonds IN Wall street. While
IN the city he accidentally met Tom Scott who asked
him what he was dong there, and he told him about
these railroad bonds he was trying To sell. but Tor
which he could not lind purchaser Iherenpon
Scott told him he thought he could lind him pur-
chaser and Immediately after Scott arranged the mat
ter, and all that Mr. Blame knew was that horton,
Bliss x Co took the bonds and he took the
~ hmm and ouy
Blaine asserted, in making this explanation that Ne
had no interest whatever Ia the tranas action.
rmRrE QUESTIONS
There arc three instantly suggested by this
explanation FIRST who was Mr.. Bla;ne's constituent
for whom he such profitable sale Second, why
was Mr. Thomas Scott 20 willing TO pay M Bia:ne's
constituent s6s 900 for lot OF worthless railroad
bondss Third, why was the purchase money charged
20 the Union Pacific Railroad company
A STRONG EXPRESSION FROM THE MAINE STATES
MAN ON THE SUBJECT.
WASHINGTON, April IL, 1s7G
The following copy OF the letter written by Mr.
Blaine 10 friend Ia Michigan, n short time since.
touching tho story made public in the Indianapolis
Ssnfinei, and tecgraphed The country yester.
day
Horss or RErRxsExrArvKs
WASHINGTON. g., March -, 1874
MY DEAR FRigSD--Yours received. beg you viii
not be disturbed by Washington rumors respecting
myself The story Of my ever having received money
or anything else Of value from tho Union Pacific Kali
road Company Or any Of h rs Ges Tser O. ss'n no
the foundation tor and can scarcely cou
ceive that any one would be crcduious enough 70
believe It. Ii has been circulating IN Washington Tor
some weeks past indefinite, irresponsible and IN
tangible way. Whenever IL shall assume form and
shape and publicity will receive conclusive answer
Moan While trust you will hold peaceful mind
shall never DO injured BY stories Of this KIND
Sincerely yours, J. u BLAINE
WHAT MORTON, BLISS co. SAY
reporter yesterday called at the banking house
Morton, Bliss Co.. In the Drcxel Building. and meet
ing one Of tho firm questioned him n 70 certain
fumors as to transactions between Colonel Tom Scott
and his house On being Informed that was asserted
IN washington ,ha. Colonel Scott occasion gave
his note for S04 600 and deposited collateral cersas
Arkansas bonds and that later the Union Pacific Rsis