Year: 1873

Mr.. Horace +. Clark President of the Union
Pacific Railroad Company. and Mr. C.. s. Bushnell, one OF
the directors testified before the House Committee on
Credit Mober affairs concerning Gov. Dixs connection
with the Union Pacific Railroad Company The main
charge that he held 500 shares OF the railroad stock
which he obliged the Company to take of bis hands at
par-Or $4,000 The impression given by the witnesses
was that the Company felt obliged 10 close the transac
ton with Gov Dix TO avoid the consequences OF his
tive displeaare. To these allegations The Albany Eren
ing Journal yesterday makes the following rejonder


weektor two ago, Mr. Horace F. Clark in his testi-
mOny before committee OF Congress, stated that Gen
Dix had received from the Union Pacific Railroad Com
pany $4,000 IN connection with attempted negotiation
of bonds acknowledging at the time that he knew
nothing about It, I now appears that all these state
utterly VOID OF TRUTH and that Gen. Dix never
had any money placed in his hands fee otherwise
attack almost immediately abandoned as untenabe
aud false and others in the nature Of suggestions rather
than accusations brought before the COMMITTED In re-
gard TO these we state advisedly:


First: That Gen Dix never had any stock or any
interest OF kind direct indirect In or any connec-
tiOn with the Credit MobIlier.


Second That he never received any stock Of any de
scrpton from the Credit MOber that he never received
any stock from any source whatever except from the
Union Pacific Railroad Company. in payment of his
regular salary President and with this exception he
has held a single share Of stock in the company
otherwise than as an original subscriber OF as pur-


Third: That he has never received any compensation
In money stock. or otherwise, from the Union Pacific
Railroad Company for negotiating or signing bonds, or
for any other special service.


Fourth That he never wrote a threatening letter to
Mr. Barlow any other person, to the OF
bsnds In Europe unless his stock taken at par
and that he had any correspondence in regard to
the settlement OF his affairs with the Union Pacific Rail
road Company with any ono except the Treasurer MT
Cisco, and with his sOu-inaw Charles +. Blake, who
had the management OF his business while he was
abroad.


FiTth: That he was the first President Of the Union
Pacific Railroad Company, and resigned some thirteen
fourteen months after he went to France as Minister
OF the United States having retained the Presidency dur
ing that time at the request OF the directors and with the
knowledge and approval OF the Government After his
resignation his accounts with the Company settled
by his son-inlaw, Mr.. Blake in NewYOrk, in con
sultation with Mr. g. l.. NJ Barlow. The claims made by
them for his salary, which had been for con
siderable time unpaid the value OF his stock and special
services the Company during his Presidency OF four
years The amount agreed justly due him fixed
at $4,000 aud paid to lis sOnnlaw in New York He
was abroad then and for than year afterward,
and had nothing to do with the settlement which
left entirely to the discretion OF his representatives,
with single instruction that they should ask nothing
which should be considered unreasonable by Mr.. Cisco
Treasurer with whom he had been associated in the
early stages OF the enterprise in raising funds to
the work. and who familiar with his services 70
the Company. The settlement with the Company was
closed terms which agreed to reasonable and
just by them, by Mr. Cisco, and BY majority OF the
directors,