Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1880-06-17

No doubt he felt keenly the disgrace of his
position, but he dared not break with his CO.
partners. At one time it was rumored that he
was disposed to abandon the plundering Ring,
whereupon Shepherd significantly remarked:
s'I have papers in my desk that will keep Gar
field straght!'' And Garfield wilted.
The hands of the Republican nominee were
also soiled by the Credit Mobilier iniquity,
which, few years ago, was a familiar topic in
the papers, This was joint stock company
organized for no other purpose than to swindle
the Government on colossal scale. 1t had
it's origin in the following manner: In 1852 a
ioint-stock company was founded in Paris un-
der the lead of the brothers Emile and Isaac
Pereire, and on the principle of limited liabili-
ty for the transaction of general banking bu-
siness, to facilitate the construction Of public
works and to develop national industry. On
the model of this company the title of ''Cred-
it Mobilier of America" was adopted by a
joint-stock company organized in May, 1868,
with capital of 50, 100000 In January, 1867,
the charter having been purchased by a compa-
ny organized for the construction of the Union
Pacific Railroad, the stock was increased to
So, 275, 900, and afterward rose to great value,
|
course of legal proceedings in Pennsylvania,
respecting the ownership of stock, it appeared
that several members of Congress, including
James A. Garfield, as well as Vice-President
ColfaX, were unavowed stockholders. This
caused great political scandal, as it had often
been held to be highly improper for member
of Congress to he pecuniarily interested in
corporation the profits of which might be
largely and directly affected by his vote on
bills concerning it.
Of his connection with the Credit Mobilier
swindle, the New York S,n, says:
When, in 1872, the Credit Mobilier bribery
and corruption among members of Congress
were first exposed, Gen. Garfield was one
lished letter expressly and positively deny
ing that he had any share in it. Next, on
january IA, 1873, he appeared before the COM
mittee of the House of Representatives., and
under oath declared; "Inever owned, received
or agreed to receive any stock Of the Credit
Mobiler, or of the Union Pacific Railroad,
nor any dividend or profits arising from either
Of hem"
But on January 26th next following, the
Hon. Cakes Ames was examined before the
same committee, and proved by record evil
dence, partly in Gen. Garfeld'S own hand-
| writing, that Gen. Garfield had had stock in
the Credit Mobilier, and that he had received
dividends thereupon. Mr.. Ames also testified
that Gen. Garfield had visited him subse-
quent to the commencement of the investiga-
ton by the House, and had endeavored to in.
duce him to swear before the committee that
money thus paid him as dividends had been
delivered to him as a loan; and yet, at the
very same time he had endeavored to procure
this false testimony from Mr.. Ames, Gen.
Garfield had called upon Ames to pay him an
additional sum of money on account of the
Credit Mobilier, claiming that the dividends
he had already received had not been as large
as they should have been.
These are the most salient points Of his Of
fcial career, and it may be said of him in
brief that he was prominently connected with
the most notorious scandals that marked the
| Croot o6p ictratiOn