The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1880-09-16


receive anv stock of the Credit Mobile
or Of the Union Pacific Railroad, no
any dividends or profits arising IRON
either of them. ,.
By Mr.. Merrick- k--Q.-Were any divi
dends ever rendered to you on the Credl
Mobilier upon the supposition that yol
were to be a subscriber. A.-No, sir,
O.--This loan of $500 you have repaid
if / understood you correctly? A'-Yes
sir
He thus denied under oath ever hav
ing held Credit Mobilier stock in any
form, or received any dividends or prof
its therefrom, or even had them rendered
to him. Nothing could be more posi-
tive, and unless .he testimony is over
whelming against him, this solemn state
ment ought to be accepted. Let US ex'
anime the record.
Public attention became excited, and
there was a sudden and earnest demand
for more searching scrutiny than the
committee had shown a desire to make.
On the 29d of January Mr.. Ames was
recalled, and then he brought with him
a memoranda culled from his diaries,
and collated from the accounts Of each
member. (see page 2S5 and 296 OF the
report
By the Chairman-Q,-In regard to
Mr. Garfield state to the committee the
details of the transactions between you
and him in reference to Credit Mobilier
stock. Al 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 that? A.--That agreement was in
December, 1867, or January, 1868; about
that time; about the time | had these
conversations with all OF them. 1t was
all about the same time.
Q.-State what grew out OF it. A.
Mr.. Garfield did not pay me any money,
l sold the bonds belonging to his 81 900
stock $50 per cent. dividend) at 81, max
ing S776. In June | received dividend
in cash on his stock of $500, which left
balance due him OF 1929, which paid
him.
BY Mr.. Merrick -Q.-The 1929 which
you paid him was tho surplus OF earn
ings on the stock above the amount to
be paid for it, par value? Ayes, sir.
Q.-I see in this statement of the ac-
count with Gen. Garfield there is a
charge of S47; that is interest from the
July previous, is it? A,--Yes, sir.
Q-And the $77G on the credit side
of the account is the 80 per cent bond
dividend sold at 81? A.-Yes, sir
Q.-And the $500 on the credit side
is the money dividend ? A Yes, sir.
Q-And after you had received these
two sums, they, i'll the aggregate, over
paid the price OF stock and interest
1929, which you paid him? A.-Yes,
sir
Q.-How was that paid? A.-Paid
in money, believe.
Odd you make statement Of this
to Mr. Garfield? Al presume so. l
think did with all OF them; that is my
impression
Q.-Has that 1929 ever been paid to
you? Al have no recollection Of it.
Q.-TIave you any belief that it ever
has? A.--No, sir.
Odd you ever loan Gen. Garfield
5000? A.-Not to my knowledge, eX-
cept that he calls this loan,
Q.-You do not call it loan? A
| did not at the time. l am willing it
should go to suit him.
QA-What we want to get at is the eX-
act truth. Al have told the truth in
my statement
Q.-When you paid him $500, did he
understand that he borrowed that money
of you? Al do not suppose SO.
Q.-Have you any belief now that he
supposed so? A.--No, only from what
he said the other day, ! do not dispute
any 3y&'%yc &s9Sy; want YOUR Judgment Of the
transaction. Any judgment OF the
transaction is just as told you. There
was but one thing about it.
Q.-Has there ever been anything
said between you and him about rescind-
ing the purchase of the ten shares OF
Credit Mobilier stock? Has there ever
been anything said to you OF its being
thrown up, or abandoned, or surrender
ed? A.-No, sir; not until recently.
Q.-How recently? A,-Since this
matter came up.
Q.-Since this investigation commen-
ced? A.-Yes, sir.
FROM AMEs' DIARY.
When this examination closed, Mr.,
Ames presented the following memo
randum of his account with Mr.. Gar
field:
J. A. G. DR..
186S.-to ten shares stock Credit
Mobilier of A........."$1, 900 90
Tnterest. est........,,,......., AZ 90