The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1880-06-16
The 9ailg Areus,
Cakes Ames and Mr.. Garfield.

Extract from the testimony OF Cakes Ames in the
Credit Mobiller Investigation.l
Question: In regard to Mr.. Garfield,
state to the committee the details of the
transactions between you aud him in
reference to Credit Mobilier stock, An
swer: got Mr., Garfield ten shares of
the Credit Mobilier stock. for which he
paid par and interest.
Q, When did you agree with him for
that2 A. That agreement was 10 De-
cember. 1869. or January, 1868; about
that time; about the time | had these
conversations with all of them. 1t was all
about the same time.
.. State what grew out of it. A. Mr.
Garfield did not pay me any money. |
sold the bonds belonging to his 81, 900 of
stock at 97c, making $776. Iu june /
received dividend in cash on his stock OF
5000. which left balance due him of
1929, which / paid him. That is all the
transaction between U.S. l did not deliver
him any stock before or since. That is
the only transaction and the only thing,
By Mr.. Merrick:
y. The 1929 when you paid him was
the surplus of earnings on the stock above
the anlout to be paid for it, par vaiue2 A.
Y es. sir; he never had either his Credit
Mobilier stock or Union Pacific railroad
stock. The only things he realized on the
transaction was the 1929.
Z. | see in this statement of the ac-
count with Gen. Garfield. there is q
charge of SAT; that is interest from the
July previous. is it? A. Yes, sir.
Q. And the $776 on the credit side OF
the account is the 80 per cent, bond divi-
dend sold at 972 A. Yes, sir.
Q. And after you had received these
| two sums, they in the aggregate overpaid
the price of stock and interest 1929, which
you paid him2 A. Yes. sir.
Q. How was that paid Paid in n oney.
L believe.
Q. Did you make statement of this
to Mr.. Garfield? A. [ presume SO; I
think 7 did with all of them; that is my
impression.
@. When you paid him sthis 1929, did
you understand it was the balance of his
dividend after paying for his stock? A..
| supposed so; do not know what else
he could suppose.
Q. You understood that you wore 0
holder of his ten shares? A. Yes, sir.
Q. Did he so understand it? A. I
presume So 1t seems to have gone from
his mind, however.
0. Has that 1929 ever been paid to
you? A, have no recollection of it,
Q. Did you ever loan Gen. Garfield
$500? A. Not to my knowledge; except
that he calls this loan.
O. You do not call it loan? A. /
did not at the time, | am willing it should
go to suit him.
Q. What we want to get at is the exact
truth. A. | have told the truth in my
| statement.
@. When you paid him 1929 did he
understand that he borrowed that money
| from you2 A. l do not suppose so.
transaction. A. Ny Judgment of the
transaction is just as l told you There
was but one thing about it.
O. That amount has never been repaid
to you. You did net suppose that you
| had any right to it, or any claim to it?
A. No, sir.
@. And that ne received it as his own
money? A. | suppose so; it did not be-
long to me. [ should not have given it to
him If it had not belonged to him
| Q, Did you consider at the commence.
| ment of this investigation that you held
these other dividends, which you say you
| did not pay to him 10 bis behalf2 Did
you regard yourself as custodian of these
| dividends for him? 4, Yes, sir; he
paid for his stock and is entitled 10 his
| dividends
Q VII! the dividends come to him ct
any time on his demand? A. Yes, sir,
as soon as this suit is settled
O. You say that 1929 was paid to him !;
how wss it paid2 A | presume hY a
check on the sergeant-at arms. | fod
there are come checks filed without any
letters or Initials indicating who they were
| for.
The books of Cakes Ames showed the
following account:
| J. A. G.. Dr.
| 1868 TIC 10 shares Stock Credit
1 zFohi rDFA l.