The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1880-06-18
A. Yes, sir. He published the letter, I be-

yVui ieOOheOuou VI Tue paper rs WfitttnI |
A. Yes, sir | wrote it off hastily. He came
to my room and said he had been accused
of all kinds of crime and misdemeanors. |
told him l had made no such statement as
he represented. He wanted me to say in
writing that | had not. l took the letter
which he said he intended to have inclosed
with the money, and wrote on the back OF
it that had made no such statement.
O. The published correspondence in the
morning papers of the next day is your rec
objection of what occurred? A. 1t agrees
with my recollection, except that he says he
left letter for me at the Arlington. | new
er received that letter. only sow the letter
on which endorsed my answer.
q Did he inclose the money! A. Some
money came to me inclosed in an envelope,
which he said he had sent. gave it back
to him,
@ How much money was in that envel-
ope? A. -Four hundred dollars.
The following memorandum, referred to
by witness as a statement of his account
with MIR. Garfield, was placed in evidence:
ia G.
TO ten shares Credit Moblller OF A $1,000
Interest Al
June 49, to cash 800
Total, sl,370
1855 Cr
By dividend bond Union Pacific Railroad $1,000
Al so per cent. less per cent Il6
June Il, by dividend collected for your
account 900
Total, sl,s76
The following is Gen:
GARFIELD's EXPLANATION
''The first ever heard of the Credit Mo-
bilier was in 1866 or 1867. / cannot fix the
date when George Francis Train called on
me and said he was organizing a company
to be known as the Credit Mobilier of Amer.
ica, to be formed on the model Of the Credit
Mobiiier of France; that the object of the
company was to purchase lands and build
h uses alIug the line of the Pacific railroad
at points where cities and villages were like
ly to spring up; that he had no doubt money
thus INVESTED would double or treble itself
each year; that subscriptions were limited
to 81 600 each, and he wished me to sub
scribe. He showed me long list of sub
scribers, among them Mr.. Oakes Ames, to
whom he referred me for further informa-
ton concerning the enterprise. answered
| that had rot the money to spare, and If
had would not subscribe without knowing
more about the organization. Mr.. Train
left me, saying he would hold place open
for me and hoped l would yet subscribe
The same day | asked Mr.. Ames what he
thought OF the enterprise. He EXPIRE ssed
the opinion that the investment would be
safe and profitable
IL heard nothing further upon the subject
for year or more, and it was almost for
gotten, when sometime, should say, during
the long session of 1868, Mr.. Ames spoke of
it again said the company had organized,
was doing wei and he thought would soon
pay large dividends. He SAID that some of
the stock had been left, or was to be left, in
his hands to sell, aud l could take the
am oun, which Mr.. Train had offered ME by
| paying the II 600 and accrued intere.t He
said that if | was not able to pay for it then
he w,uld hold it for me until could pay
or until some of the dividends were payable.
| told him that | would consider the matter,
but wou d not agree to take any stock until
| knew fom an eXamination Of the charter
! and the conditions of the subscription the
| extent to which should become pecuniar-
| lily liable. He said he was hot sure but
thought a stakeholder would only be liable
Tor the par value of his stock that he
had not the stock and papers with him, but
| would have them after awhile. From the
case as presented | probably should have
taken the stock if had been satisfied as to
the extent of pecauiary liability, Thus
| the matter rested for some time. | think un.
til the foil wing year. During this interval
l understood that there were
DIVIDENDS DUE
amounting 10 Deariy three times the par
value of the stock But, 10 the meantime,
had head tnat the company was involved
in some controversy with the Pacific railroad
aud that Mr.. Ames' right to sell the stock
was denied When next saw Mr.. Ames
told him that had concluded not to take
the stock. There the matter ended, so far
as | was concerned, and | had no further
know ledge of the company's operations un-
Ill the subject began to be discussed in the
newspapers last fall, Nothing was ever said
| to be by Mr.. Train, or Mr. Ames, to indicate
or imply that the Credit Moblier, was or
| could be in any way connected with the leg
| islation of Congress for the Pacific railroad,
| or for any other purpose Mr.. Ames never
gave nor offered to give me any stock or other
| valuable thing as a gift. once asked and
obtained from, and afterwards repaid him, a
| loan Of 5000. That smount is the only
valuable thing ever received from or de-
| iivered to him, | never owned received, or
agreed to receive, any stock of the Credit
Mobilier, or of the Union Pacific railroad,
nor any dividends nor profits arising from
them"
AMEs WAS RECALLED.
January 3,lS73, and testified to the stock
he had issued to Garfield, the dividends,
allowed him, and the balance Of money paid
into his hand, which Garfield pretended was
loan" He submitted memorandum of
the account in detail. 1t came to the
knowledge of the committee that Garfield
had visited Ames with the object of inducing
him to retract or mod fly his testimony, and
he was re examined Doth of January as
follows:
Q, You may state whether, in conversation
with you, Mr.. Garfield claims, as he claimed
before us, that the only transaction between
you was borrowing S3009
A. No, sir ne did not claim that with
| me.
Q, State all you know in reference to
it,
| A. told him he knew very we'll that that
was dividend. made out a statement and
showed it to him at the time. In our con.
versation he admitted it and said there was
| 70 l0O 1ua him in stanka and honda H.