The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-07-06

bV"I III hll'lu lnat tniS action on my part
as aGovernmcnt director, and the cor
respondence to which J have referred
ana the effort on the part of Secretary
Delano to have me removed from the
Board of Directors, occurred i'm 1872, and
early IN 1873, just about the time of the
re-eiectlon of President Grant, and when
heltner Mr. Blaine nor any other man
was spoken of in connection with the
Presidency of 1876. 1t is therefore un-
reasonable to suppose that ANYBODY at
mat stage of the proceedings was inter
esteu III defeating Mr.. Blaine's presiden-
ual aspirations. This whole Little
Rock bond matter would have been in
NeStlgated by the United States courts
at the time, but for the killing of of the
Credit Mobilier. / showed to Mr.. jerks.
the governments special attorney, who
WIN three others We're charged with
investigating the affair, this order of the
Executive committee:
| "Nkw YORK, Dec. Ii, 1S7l.-Ordered
that Morton, Bliss a. Co. be authorized
TO draw on che Treasurer of this company
Tor $6i,00O, payable at forty days from
date, and hold as collateral security for
the company 20 land grant bonds of the
Llttle ROCK ~ Fort Smith Railroad com
pany's bonds, 81 600 eacn.
He made a copy of it in my presence.
and would have entered suit llpon IL nj
once had not all these Credit Mobilier
SUITS falled in the courts, being ruled
out on demurrer. In conclusion, | have
10 say that am ready and willing at
any time to go before tho Judiciary COM
mittee of the House and make oath 10
the facts of this statement"
HERE Is PROOF POSITIVE,
therefore, that the sale of these worth
less bonds to the Union Pacific company
FOR the sum of $4,000, did actually take
place, n sale bearing upon its face the
fact that somebody had been unoues-
tlonably bought along with his bonds.
No sane directors would have approved
such purchase unless tremendous
amount of good will'' from some power
lul party went along with the bonds.
llere Is also the rumOr, seemingly rec
ognized fact among the officials of the
Union Pacific road, that those bonds
were bought from James q. Blaine. and
that the publication of the facts of the
transaction wOuldruin that gentleman's
political prospects. While discussing
thls point 1t may be well to remember
that there Is no such power for good or
evil in Congress, as that possessed
by the Speaker. The dcsfinies of
legislation are in his powerful keep
ing. 1t must be remembered, further,
that at no previous nor subsequent time
did the great Union Pacific so greatly
need friends and assistance in procuring
favorable legislation, and at no Other
time was il in such blaze of glory. Ii
was tho days of Credit Mobilier, il was
the era Of the very Saturnalla of corrtIp-
tl0n ana Blaine, the dashng, fertile
Blaine OF Maine, was Speaker
The direct question is did Blaine make
this sale of 80 practically worthless bonds
Il 4
10 the Union Pacific company for Ail 900,
or no cents ON the dollar, price rarely
paid for iirst-class securities? If he did,
the inference of corruption is immediate
ana irresistible. such Il sale could not
have meant other than a big gift to the
speaker, and n big gift to the Speaker
from corporation like the Union Pacific
could not have meant other than the cX-
pectatlon of large iavorS in return.
On this point one Of the most famous
of the "Mulligan letters is very perti-
nent. In his testimony before the House
committee James Mullgan, of Boston.
delared that Mr.. Blaine had admitted To
Mr.. Fisher that he had sold the bonds to
the Union Pacific, but that the trade had
! been made for the parties in Maine who
had invested in the Fort Smith bonds nj
! nus tBlaine's) request, and that he did
3 not have the money in his possession
5 forty-eight hours. IL will be seen from
5 the letter referred 10 that this statement
, Of Mullignn L. sustained. and the sale ot
| the bonds To the Union Pacific admitted
= by Blaine, although his letter is in the
nature of u plea of confession and
avoidance" as tho lawyers say.
b THE FAMOUS LITTER.
Washington, u. G., April Is, lS52.-W. Fisher
| ir., Esq;
MY DEAR Mr.. FISHER: | answered
you very hastily last evening, ns
you said YOU wished an imnedi.
ate reply; and perhaps in my
, hurry | did not make myself fully
understood. You have been for some
time labOring under n totally erroneous
Impression in regard to my results IN
the Fort Smith matter. Tho sales oi
bonds which you spoke of my making
, and which you seem to have thought
were for my own benefit were entirely
, otherwise. did not have the money IN
/ my possession forty-eight hours, but
paid II over directly 10 the parties, whom
, tried by every means in my power tC
b protect frOm loss. | am very sure yoI
r have little idea of the labors, the losses
, the efforts and the sacrifices / have
/ made within the past year 10 save thost
innocent persons, who invested on my
request, from personal loss. And | sal
to You tonight solcmnly that | am im
mcasurIblN worse of than If | haC
g never touched the Fort Smith matter
The demand you make upon me now, |.
! one which am entirely unable To com
e ply with. cannot do IL. II is not IL
+ my power. You say that "necessitN
J knows no law" That applies To me n,
wei MS To you, and when have reached
, that point ! am now ut, ! simply fal
back on that law. You are as wei
Q aware as ! am, that the bonds are du,
. me under the contract. Could | have
= these, could adjust many matters moi
now IN my power, and so long as thi,
: and other matters remain unadiustct
q between us, | do not recognize tn,
I equity or the luwmlncss of YOUR calling
| ON me for II partial settlement.
am ready ut any moment, To make q
full,tuir, comprehensive settlement with
10 you. ON the most liberal terms. will
not he eNacting, captious or critical, hui
2 am ready and eager tn make Il brond
! and generous adjustment with YOU. and
! II we can not agree ourselves, we can se,
. lcct u mutual friend, who can casllN
I compromise all points OF difference be,
= tween MS. You will, | trust. see that
am ready 10 meet You ia spirit u
friendly cordiality, and yet. with n SENSE
! of solt defense that impels me tn h1
b frank and expose To you my pccuniarN
, weakness. With my'vcry Kind regards
e to Mrs. Fisher, AM
Yours Truly.
j, G.. BLAINE.
by reference to The memorandum an
, poaring above, II will he seen that tic
bonds of the parties In Maine. these
. poor, misguided investors about whom
. he WAS so solicitOus, were preferred and
: first mortgage and not lana grant bonds
Now he declares In this letter that the
sales were for the Maine holders of tn,
: bonds, that IL n sale of first mortgag,
and preferred stock.
l And yet In tho face OF this letter, and
, by one of those strange oversights that
happen TO the smartcat OF mon even
when attempting TO patch up and ex
, plain u dirty transaction, Mr.. Blaine
from his place on the floor OF the House