The New York Herald Newspaper, December 23, 1872, Page 6

CREDIT MOBILIER. Splinters from the Herald Bombshell. AN ANALYSIS OF THE STOCK TABLE. Curiosities of Congressional Dickering. POINTS FOR JUDGE POLAND. @akes Ames’ Contract with the Union Pacific Railroad. THE MOST GIGANTIC SWINDLE ON RECORD. Suits Against the Swindlers and a Lively Time Generally. faecal ILLUSTRATIONS OF WALL STREET. WASHINGTON, Dec. 21, 1872. ‘The exclusive publication in the New YORE HERALD of an oficial copy of the list of stock- Aolders, dividends and cllotments of the Crédit Mobilier of America, as filed upon the Court records wy authority of Dr. Thomas C. Durant, ex-Presi- dent of the Union Pacific Railroad Company, has produced @ profound sensation in the public mind, especially among those who have believed the whitewashing reports that have been telegraphed to every part of the country from Washington. The carefully prepared table in the HeraLp, which furnished the detail) profits of the holdersof the ‘Orédit Mobilier stock, illustrates exactly how much profit innocent Congressmen realized alter re- eeiving the stock which they publicly pro- claimed they bought at “par prices.” It re- mains for the Congressional committee to subpoena alt of the ex-oMicers of the Union Pacific Railroad Company aud the largest stockholders in Crédit Mobilier, to ascertain Whether there was an understanding with any Congressman, or with any representative of a Senator or Congressman, that sald stock, when it was delivered to him or to them at par value, was actually worth a great deal more. The writer is suthoritatively informed by one of the largest stock- folders in both corporations Snd one of the highest 4m power that misrepresentations have been made 0 the Congressional] committee and on the floor of the House regarding the distribution of Crédit Mobilier stock, especially relative to the purpose of the investment in a certain direction, the quantity given and the parties to whom it was given. This f&igh authority, to which reference is made, assures the representative of the HERALD that he received from a member of Congress a check for ten ‘bousand three hundred (and a fraction over) dol- tars in payment for 100 shares of Crédit Mobilier stock, which could then have been sold for about @fy thousand dollars; that this Congressman @laimed the stock as bis right for his influence, and desired that it should be issued in the name of fis son-in-law; that it was so issued; that shortly afterwards, during the absence in Europe of President Durant, of the Union Pacific, who had farge control of Crédit Mobilier, the same Con- {reseman called upon the corporators of Crédit Mobilier and demanded fity more shares of stock, essuring them that President Durant had promised that he should have them, and at par prices; that the extra fifty shares were delivered to the same Congressman, the certificate being issued in the name of the same son-in-law alluded to above, for which he paid only $5,233 38, the par value, when the actual value of the fiity shares at that time was more than four &imes that amount; that the tifty shares 80 ob- Sained in the absence of President Durant were, in dus judgment, fraudulently obtained; that a suit to wvecianm said property has been initiated in this city. If this suit is not compromised by the parties qostly interested the Supreme Court of New York, ‘with open doors, will be the scene for unveiling pot only the intricacies and corruptions ‘nd enormous extravagancies of govern- ment ~— railroad builders, but he low degradation to which national legislation has fallen, the baseness of meu who are selected ‘as the people’s law-makers and the vile deceptions practised in the Star Chamber investigations by Congress will also be thoroughly explained, and, by the aid of afree press, cxposed to the light of day. The Oakes Ameses, Alicy and Bushnelis have invaded the committee room, usurped the rights and powers of the committee, attacked and intimidated witnesses, and thus far destroyed the infuence o! the committee, The explanation given above filustrates to a con- siderable extent the condition of the whole lst, The name of a lady appearcd upon the Let who represents her husband, a former member of Congress. A Congreesman from a West- evn State, who held a large amount of stock at one time, and asa representative did @eod service for the Union Pacific speculators, was appointed a high position tn the directory, but on ‘account of an unautuorized disbursement of about threé millions of the company’s property was dis- charged. This man Las been tendered important posts in the government, and for reasons not known to the public declined them all. Two ex- United States Senators figure by name on the list of stockholders, but a doubt exists in the minds of Dr. Durant and others whether they ever saw a sbare of the stock of Crédit Mobilier or received a @ollar’s benefit from tt. It is proper to state, in this connection, that the Oskes Ames contract, the transfer and the list of stockholders appended to the contract as pub- Used in the HERALD, were copies from court records, where they were put ip evidence by Dr. Tuomas C, Durant. THE “OAKES AMES CONTRACT.” Its Assignment to the Credit Mobilier. One of the greatest operations performed in the construction of the Union Pacific Railroad was the famous contract by which Oakes Ames agreed with ‘the-company to build and equip 607 miles of that road, AD exact and compiete copy of that contract appears below. It is dated the 16th of August, 1807. Following the contract is the graceful as- @ignment, only two mouths afterwards, of the whole thing into the ponscssion of the Crédit Mo- bilier of America. The writer has the highest au- thority for stating in the HexaLp that the Ames contract received the assent of all of the stock- holders, and upon each certificate at the time of its fasue was conspicuously stamped the following in red ink :—“The shares herein mentioned are subject to an irrevocable proxy to the seven trustees, to ‘which it was assigmed, for the term of the agree- ment of October 15, 1867.” ‘The following are the contract and assignment, mow for the first time published :— "ME “OAKES AMES CONTRACT,” AND THE TRANSPERS OF THE SAMEB—OOPY OF CONTRACT UNION PACIFIC RAILROAD COMPANY WITH OAKES AMB8, AND TRANB- FER TO T. C, DURANT AND OTHERS. Agreement made this 16th day of August, 1867, between the Union Pacific Railroad Company, party of the first part, and Oakes Ames, party of tne Second part, witpesseth— That the party of the first part agrees to let and rt; contract, apd the party of the second part ugrees bps as foubwes to wit:— sisi ie —The y cf the second part agrees and binds himself, his heirs, execators, ‘admisistrators and assigns to build and equip the foliowing-named Portions of the railroad and telegraph line of the } NS the first part, commencing at the 100th ian of longitudes up el @nd conditions, to w /Upon the following terms First—100 miies 4t and for the rate of $42,000 per mile, Second—167 miles atand for w 5, mr pain mi he rate of $45,000 mjita—100 mallee at and for the rate of $90,000 per Fours Ss Miles at and for the rate of $80,000 PipUth—i00 mall at and for the rate of $90,000 por ‘Sixth—100 miles at and for the rate of $90,000 per shall ip ce ted and for possible, com: ace ce] rants al re the lat Bay of senpary. [868, pro- vided the Union Paciiie Raitroad ti pany trans- port the material. The whole to be constructed in ‘good and workmanlike manner, upon the #ame neral plan and specifications as adopted east of fhe 100th meridian of Saeee The varty of the second part shall erect ali such necessary de; machine shops, machinery, tanks, turn tables an ry, tanks, such necessary required by the party of the first party, not ‘Six per cent of the length of the road con! ‘be constructed under this tract. The of timber used for ties and in the bridges and in its preparation, shall be such as from time to time may be ordered or prescribed by the general agent, or the company under the rales and regulations and standard as recommended by ‘the Secretary of the Interior, of the date of Feb- 1866, -d_-Whenever one of the above-named sec- tions of the road shall be finished, to the satistac- tion and the tance of the fepeintest com- missioners, the saie shall be delivered into the pessession of the party of the first part, and upon such portions of the road, as well as on that part east of the 100th meridian now completed, the arty of the first part shall transport, without de- jay, all men and material to be used in construction ataprice to be agreed upon by the party of the second part, his heirs, executors, administrators or assigns, and the general agent, but not jess than cost to the y of the first parts Fourth—The pi of the second part, his heirs, executors, administrators or’ assigns, shall have the right to enter upon all lands be- longing to the company, or upon which the com- pany may have any rights, and take therefrom ang matertal nged in the construction of the road, and may have the. right to change the grade and oun hese sg gt er of the provisions nat the act o: eas for the temporary purpose of has- babs the completion of the. Toad; but the esti- mated cost of reducing the same to the grade and curvatures, as establ by the Chief Engineer, or a8 approved from time to time by the company, shall be deducted and retained by the party of the first part, until such grade and curvature is s0 reduced, Fyth—The party of the second part, his hefrs, executors, administrators or assif;ns, 18 to receive from the company and enjoy the beneiit of all exist- ing contracts, and shall assume ali such contracts and all abilities of the company accrued or arising therefrom for work done or to be done, and material furnished or to be furnished, for or on account of the road west of the one hundredth meridian, crediting, however, the party of the first part on this contract all moneys heretoiore paid or expended on account thereof, ‘The party of the second part, for himself, his heirs, executors, administrators and assigns, stipulates and agrees that the work shall be prose- cuted and completed with energy and all possible speed, #0 as to complete the same at the earliest practicable day, it being understood that the speed of construction and time of compiction is the es- sence of this contract, and at the same time the road to be a first class road, with equipments; and if the same, in the opinton of the Chief ungineer, is not so prosecuted, both as regards quality and ler teh, thet then the said party of the first part shall and may, through ite general nt or other officer detailed for that purpose, take charge of said work and carry the same on at proper cost and expense of the party of the second part. ‘The ing, bridging and superstrac- may be ex Seven ture to be completed under the supervision of the general agent of the company, to the satisiaction of the Chief Engineer, and to be of the same char- acter as to the workmanship and materials as in the construction of the road east of the one hun- dredta meridian, It is, however, understood that all iron hereafter purchased or contracted for, shall be o! the weight of not less than filty-6ix pounds to the yaid and to be fish bar joints, Eighth—Aui the expenses of the engincering are to be charged and paid by the party of the second part, except the pay and salary of the Uhief Engi- nsulting Engineer, and their immediate assistants, and the expenses of the general sur vey of the route. Ninth—The depot buildings, machme Spee water tanks and also bridges shall be of the most approved pattern, and they, as well as the kind of masonry and other material used, shall be pre- viously approved by the General Agent and Chief Engineer of the company, nd all tunnels shall be oft ae preve width ior a double track, and shall be arch: ith brick or stone, when necessary, for the protection of the same, Tenth—Payments to be made as the work pro- — upon the estimates of the Oulef Engineer, making which the engineer shall deduct from each section ita preportion of the cost of equip- ment not then 1urnished, station buildings, super- structure and cost of tel ph, but all materials delivered or in transit for account of the com- pan; be estimated for. Eleves Payments hereon shall be made to the party of the second part, his heirs, executors, ad- ministratora or peeiion oe cash; but if the govern- ment bonds received by the company cannot be converted into money at their par value net, and the first roe iyare bonds of the company at ninety cents on the dollar net, then the said party of the second hia heirs, execat administrators tors, and ast shall be charged hereon the difer- ence between the amount realized and the above Di rates; provided the Grst mortgage bonds are not sold ior less than eighty cents on the dollar and if there shall not be realized from the sale of such bonds an amount sudicient to pay the party of the second part, his heirs, executors, ad- uninistrators or assigns for work as stipulated in this contract and according to the terms thereof, then such deficiency shall from time to time be subscribed Le opamp rd of the second part, his heirs. executors, administrators or assigns to the capital stock of said company, and proceeds of such subscriptions shall be paid to said party of the second part, his heirs, executors, administrators or assigns on this contract, Twe'fith—On the first 100 miles on this contract there shall be added to the equipment now pro- vided for and intended to apply on this section as follows, viz. :—Six locomotives, fifty box cars, four passenger cars, two baggage Cars, and a propor- tlonate amount of equipment of like character be supplied on the second section of 100 miles after the same ia completed. Thirwenth —The amount provided to be expended for equipment, station buildings, &c., shall be ex- pended under the direction o. the party of the first part, and in such proportion for cars, locomotives, machine shops, station buildings, &c., and at such ints as they may determive; the party of the rst part to have the full benefit of such expendi- tures without profit to the contractor, or they may, in their option, purchase the equipment and ex- pend any portion of sald amount provided at any po.nt on the road where they may deem the same Ost advantageous to the company, wuether on ba) section on which said reservation occurs or not. Fourteenth—The telegraph line is included herein under the term “railroad,” and is to be constructed in the same manner add with similar materials as in the line east of the 100th meridian. The said parties hereto, in consideration of the Premises and of their covenants herein, do mutu- ally agree, severally, to perform and fulfil their several and respective agreements above written. ‘This contract having been submitted to the Ex. ecutive Committee by resolution of vhe Board of Directors, August 16, 1867, and we having exam- ined the details of the same, recommend its execa- ton by the proper omicers of the cgi + with the Hon. Oakes Ames, the party named a6 the second LIVER AM! part. C. 8. BUSHNELL SPRINGER HARBAUGH, THOMAS €. DURANT, Executive Commitice Union Pacific Railroad Com- pany. Resolved, The foregoing contract between the Union Pacific Railroad Company and Oakes Ames, referred to the Executive Commitice by a lution of the Board August 16, 1867, to settle the detat's, be approved, and that the proper officers of the company'be instructed 10 exe- cute the same, subject, however, to the written approval of the siockholders of the company, as understood by the Board of Directors when the same was voted upon. Resolved, That the option to exiend this contract to Sait Lake'be referred to the Board, with recowmmenda- ion that said option be accepied. ASSIGNMENT OF CONTRACT TO SEVEN TRUSTERS, Memorandum of agreement, in triplicate, made this 16th day of October, 1867, between Ozkes Ames, of North Easton, Mass., party of the first part, Thomas C. Durant, of tie city of New York; Oliver Ames, of North Easton, Mags.; John B. Alley, of Lynn, Mass.; Sidney Dillon, of the city of New York; Corneliua S. Bushnell, of New Haven, Conn.; Henry 8 McComb, of Wilmington, Del., and Benjamin E. Bates, of bostpn, Mass., par- ties of the second part, and the Crécut Movilier of Ainerica party of the third part. That whereas the party of the first part has un- dertaken a certain large contract for the construc. lon of certain portion therein named of the rail- road and telegraph line of the Union Pacifie Rail. road Company over the Piatns and through and over the Rocky Mountaina, which will require a very large and hazardous outlay of capital, which capital he is desirous to he assured ofraising, at such times and in such sums as will enable him to complete and perform the said contract according to its terms and conditions. And whereas the Crédit Mobilier of America, the Janae of the third part, a corporation duly estab. ished by law, ia empowered by its charter to ad- vance and joan money in aid of such enterprises, and can control large amoeunte of capital for such purposes, and is willing to loan to said party of he first part such sums as may he found neces- sary to complete eaid contract, provided suMcient assurance may be made to satd party of the third part therein, that said sums shall be duly ex- pended in the work of completing said railroad and telegraph line, and that the payments for the faithful performance of said contract by said rail- road company shall be heid and applied to reim- burse said party of the third part fortheir loans and advances, together with a reasonable interest for the use of the money 80 loaned and advanced And whereas said party of the third part fully believes that said contract, if honestly and faith- fully execnted, wil! be both profitable and advan- tageous to the partics performing the same, and wherefore willing to guarantce the performance and execution of the same for a reasonable com- mission to be paid therefor. And whereas both parties of the first and third art have confidence and reliance in the integrity, usiness Capacity and ability of the several persone named as parties of the second part hereto, are conddgnily peliwve (ua) Bald pessous ave large in- terests as well in the Union Pacific Railroad vom- pany agin the Orcdit Mobilier of America, they will exeoute and perform the said contract, and faitn- fully hold the proceeds thereof to the just use end benefit of the parties entitled thereto, Therefore it is agreed by and between the said artes ot ne rane oni mmr eure pare MaTeNy ae jows—that ia to say :— That sald Oakes Ames, party o: the first part hereto, hereby for and in co} ration of $1 lawful money ‘of the United States to him duly paid by the ty ‘of the second for divers other an: Valuable consi tions herein, therennto moving, doth hereby aeslgn, Set over and transfer unto the said Thomas C. purant, Oliver Ames, John B. Alley, Sidney yn Cornel; & Bushnell, Honry 8. McComb and Benjamin parties of the sec- ond part, all the right, titie and interest of, in and to the gaid certain contract heretofore made and executed by and between the Union Pacific Rail- road Compans and the said Oakes Ames, bearing date the 16th day of August, 1867, 1or the construc- tion of portions of the railroad and telegraph line of said railroad company, to which contract refer- ence isherein made for them, the said parties of the second part, to have and to hold the same to bn ap their survivors and successors forever in Nevertheless, upon the following trusts and con- ditions and limitations, to wit:— First—That they, the said parties of the second art, shall perform all the terms and conditions of he said contract so assigned in all respects which in and by the terms and conditions thereofis un- dertaken and assumed and agreed to be done und penenae by the said party of the first part herein ed, Second—That they, the sald parties of the sec- ond part shall hold all the avails and proceeds of the said contr: and therefrom shall reimburse themselves and the party of the third part hereto, all moneys advanced and expended by them, or either of them, in executing or performing tue said contract with interest and commission thercon us hereinafter provided. —Out of the said availa and proceeds to pay unto the parties of tie second part a reasonable sum as compensation for their services, as such trustees for executing and performing the terms and conditions of this agrecment, which compen- sation shall not exceed the snm of $8,000 per an- num to each and every one of the parties of the second part, Fouria—To hold all the rest and residue of the sald proceeds and avalls, for the use and benetit of such of the several persons holding and owning shares in the capital stock of the said Crédit Mobi- lier of America on the day of the date hereof, in proportion to the number of shares whieh said stockholders now severally hold and own, and for the use and benefit of snch of the several assignees and holders of such shares of stock at the times herein sot forth, for the distribution o! said residue and remainder of said avails and proceeds, who shall comply with the provisions, conditions and limitations herein contained, which are ou their part to be compiled with. Fifth—To pay over on or before the firat Wednes- day of June and December in each year, or within thirty days tnereafter, his just share and propor- tion of tle residue and remainder of the said pro- ceeds and avails as shall be justly estimated by the said trustees to have been made and earned as net profit on said contract, during the preceding six Months, to: each shareholder only in said Crédit Mobilier of America, who being a stockholder in the Union Pacific Kailroad shall have made and executed his # pdehord oO! attorney or proxy, irre- vocable, to said several parties of the second part, their survivors and successors, empowering them the said parties of the second part to vote upon at least six-tenths o/ all tho shares of stock owned by said shareholders of the Crédit Mobliier of Americ: in the capital stock of the Union Pacitic Hailroad Coinpany, on the day of the date hereol, and six- teuths of any stock In said Union Pacific Railroad Company he may have received as dividend, or otherwise, because or by virtue of naving been a stockholder in said Crédit Mobilier of America, or Which may appertain to any shares in said Union Pasific Railroad Company, which had been s0 as- signed to him at the time or times of the distribu- tion of the said profits as herein provided; and this trust is made and deciared upon the express con- dition and limitation that it shall not enure in any manner or degree to the use or benefit of any stockholder of the Crédit Mobilier of America, who shall neglect or refuse to execute and deliver unto the said parties of the second part, his proxy or power of attorney, in the manner and for the pur- pose hereinbefore provided, or who shall in any way. or by any proceeding, knowingly hinder, delay or interlere with tie execution or periormance of the trust and conditions ‘herein declared and set forth. And the above transfer and conveyance of said contract is made upon these further trusts and conditions, to wit:— . First—the said parties of ‘the second part, their survivors and successo! 28 aforesaid, in all their acts and doings in the execution and per- formance of said contract, and in the execution of their several trusts and conditions herein set forth, shall act by the concurrems‘assent of four of their number, expressed in writing, or by yea and na: vote, at a meeting of said trustees, either or both of which shall be recorded in a book of proceedings of said trustees, kept for the purpose by their sec- Tetary, and not of a Seoond—said parties of the second part shall keep an office in the city of New York for the trana- action of the business incidental to said trust. Meetings ot said trustees may be held on call of the secretary on request of any two ol their number; such call may be made personally or by mail. Thérd—The said trustees shall aj pone & com- potent Person as secretary, who 8 eep a faith- lui record of all their acts, proceedings and con- tracts in books to be provided for that purpose, and shall cause to be kept suitable books of ac- counts and vouchers of al] their business transac- tions, which books shall at all times be open to the inspection of any of said trustees, Fourth—The said trustees shall cause a monthly stateinent to be made, showing the amount due from the Union Pacific Railroad Company on ac- count of work done or equipment or material fur- nished under the contract, according to the esti mates of the engineer of the Union Pacific Rail- road Company, as provided in said contract, a copy of which statement shall be furnished 'to the Crédit Mobilier of America. And the above transfer and conveyance of said brfestoyel pla asa! upon the further trust and con- ion: — First—That in case of death, declination, dis- Bbility, by reason of sickness or absence from the country for the space of six months, or neglect to fulfill the duties and obligations of said trust for the same time by either said trustees, the remain- ing or surviving trustecs may declare the place of such trustee to be vacant, and fill such vacancy by vote in manner atoresaid. Second—That in case any one of said trustees shall wilfully neglect or evade the performance of lus duties a3 such trustee, or shall willully attempt to hinder, delay, obstruct or interfere with the execution or performance of said contract, or the due execution and performance of said trust and conditions, according to the true intent thereof, or shall appropriate to his own use or benefit any post or other valuable thing belonging to or ap- pertaining to sald trust, fund or property, he shall not be entitled further to act as such trustee, or to recelve any of the benefits of said trusts, either as share-holder in said Crédit Mobilier of America or otherwise. The parties of the second part do hereby accept the said trust, and fait! to execute and Pep the saine according to the terms, con- tions and limitations herein set forth. The party of the thira part, in consideration of the premises, hereby agree to advance, as upon a loan, to the said parties of the second part, their survivors and successors, all such sums of money, and at such times as may be necessary, to enable aid trus economically and promptiy, to exe- cute and perform the conditions of said contract, jon the call of said parties of the second part, their sui ie successors, such sums, never to exteed {n the whole the amount provided for in said contract, to be paid by the Union Pacific Rail- road Company, for the execution and performance thereof, and to receive thercior interest at the rate of seven per centum per annum, ‘able semi-annually, on each sum so advanced, until the me are repaid, And said party of the third part do further agree, for the consideration aforesaid, and for an amoun' equal to two and one-half per cent on the amount to be by them advanced, to be paid to them as commission, to, and do hereby guarantee unto, the arties ofthe first and fecond, part, the due per- formance and execution of the said contract, ac- cording to its terms and conditions and to indem- nify and hold harmless the said parties of the first and secoud part of and from all cost, liability, loss or damage to them, or either of them, arising from or on account of said contract, and to the faithful performance of the agreements, contracts and con- ditions herein above specitied to be done and per- ba by each. nd this conveyance and transfer is made uy be _— dnd Ce ele — ie That the trustees shai! adjust and pay over to the Crédit Mobilier of America such porcon of the net profits of the work done and material furnished on the first 100 miles west of the one hundredth meridian, a3 was done and periormed prior to January 1, 1867, In witness thereof the party of the first part, the several parties of the second part, in thoir own proper persons, have hereunto set their hands and seals, and the party of the third part has caused these presonta to be executed by ita President, at- vested by its Secretary with the seal of the suid company, on the day and year above written, OAKES AMES, THOMAS C. DURANT, OLIVER AMES. JOHN B, ALLEY. SIDNEY DILLON, CORNELIUS 8, BUSHNELL, H. 8, MCCOMB, BENJAMIN FE, BATES, Signed, sealed and delivered in presence of CLARK BRLL. ‘The Credit Mobilier of America, by its President, SIDNEY DILLON, Attest: BENJAMIN F. HAM, Assistant Secretary, AN INTERVIEW WITD MR. RICHARD SCHELL. ma That Bighteen Million Dollars and What is Going To Ge Done Anont itm + Schell’s Opinion of What Can Be jonemA Gigantic Swindle=The Effect in Wall Strect—How the Assets of the Union Pacific Disappesred—Suits To Be Immediately Iustitutcd=Usurers Come to Grief. A reporter of the HERALD calicd on Mr, Richard Schell, at his residence, 22 West Twenty-first treet, yesterday morning for the of learn- ing his views of the threatened suit by the Union Pacific Railroad Company upon the Crédit Mobilier, which rumored suit has grown out of the revela- tions made in the HaBaLD of Saturday. Fortunately Mr. Schell was in and greeted the reporter very frankly. He was seated before a blazing rea fire in the cosiest of pariors, and ap- peared to be in just that humor when the heart opens to kindly emotions, At the mention of Crédit Mobilier he became very wide awake in- deed, and abandoned his dolce sar niente position to resume one of more earnestness and interest, “I understand,” said the reporter, “that you, Mr. Schell, are interested in some suit that is to be brought against the Crédit Mobilier. What truth may there be in this rumor ?”? “As far as 1am concerned it is not true,” an- swered Mr. Schell, “If, as the HERALD yesterday stated, Hh Oo nad been robbed by the Credit Mobilier, all of which rightfully BELONGED TO THE UNION PACIFIC, I consider it one of the most tic frauds on record. Iam of opinion that every cent of this gum should and could be recovered. But though I am a stockholder 0! the Union Pacific I shall per- sonally not make any attempt to fight the Crédit Mobilier. I have been in six or seven such fights before and I am tired of them.” REPORTER—But have you any reason to believe oe ante will be brought against the Crédit Mo- niler Mr. RicHarp ScHELL—Oh! I know there wil I was talking to a gentleman yesterday down in Broad street, who told me that he was going to sue the swindling corporation immediately, and I know by the temper of the man that what he says he will do, I myself said openly in Broad street yesterday that the Crédit Mobilier were sued every cent. could be recovered to the rightful owners, | can only see that the whole object of THS ESTABLISHMENT OF THE CREDIT MOBILIER scheme was to swindle the Union Pacific out of its earnings, The idea of one company coolly appro- ne to itself the assets of another is something hat beats anything I have ever seen in the history of financial swindles, REPORTER—Is the suit of which you speak about to be commenced by the officers of the Union Pacific? Mr. RICHARD SCHELL—I guess not. [don’t think they will do anything in their official capacity. 1t will be by some one individual, who may be sup- ported by others or may not. I couid not tell you ow itis, I mee have some delicacy about talk- ing on this matter as, you know, ae brother is one Ofthe directors of the Union Pacific; and many people might think 1 was interested in any suit which may be atte Hy in this way. But this would bea mistake. I have no idea what my brother’s intentions are in the matter, and I certainly have no understanding about it with him. We act en- tirely separate in all business affairs. 1 must con- fess, however, that when I read the account in the HERALD yesterday I was astounded. It was cer- tainly a splendid “beat,’’ as newspaper men cali it, and mnade ONE OF THE MOST DECIDED SENSATIONS lever saw in the street, ‘The amount involved and the character of the men interested made it hit right and leit, Otherwise than the general in- terest which every financial man must feel in this 1 assure you I shall do nothing in the way of suing the Crédit Mobilier, REPORTER—Have you any «‘ason to believe that, any action has been taken tits far? Mr. RICHARD SCHELI—! should hardly think #0, though I understood the gentieman who told me to say that papers would be served immediately upon those whose names were mentioned in the Hgratp in the tabular list published. The on! thi to look at is that the Crédit Mobdilier iiroad is accused of having ot eighteen militons of the money rightfully Delonging to the Union Pacific Railroad. The way of proving this is to begin suit immediately, and then ‘what remains secret yet—that is, the manner in which the fraud was perpetrated—will perhaps come to light, and will, no doubt, make a very in- teresting chapter in our financial history, But there is another matter just now which begins to interest us almost as much as Credit Mobilier in Wall street. You perhaps noticed that, @ short time since, Mr. Fernando Wood introduced A RESOLUTION IN CONGRESS demanding an investigation into the manner in ‘which money was lent in Wall street and the rates of interest cl Wd upon ft. Do you know what will be the effect of this? Simply that all. the money made by firms in Wall street over and above the legal rate of interest will go to the poor of the city. And you have no idea of the rascalities and robberies which will be then brought to light nor the names of ree people who will be implicated. Then the public will learn how Teputane, people. send boys down into the street to bid for money and send up the rate of interest, thus bidding against themselves, but when the rate is thus forced uP lending money at usurious interest. The beauty of the law is that it enabies the invest- gating committee to EXAMINE BOOKS AND PAPERS, 80 that there shall be no means of escaping the punishment. By law, you know, the penaity for charging an illegal rate of interest is that the money made by it is to go directly to the poor, and Thave expectation and every hope that such will be the result ot Qn investigation into this most ice bes hy prac Mr, Richard Schell was then silent fora few mo- ments ana the reporter rose togo. Mr. Schell ac- him to the door saying :— tis my opinion, that every cent of that $18,000,000 cam be recovered and the interest It’s a gigantic fraud. Good day; glad to have met you.”” THE GROWING POWER OF THE HERALD, [From the Waterbury (Conn.) Index, Dec. 20.) We take it that the New YoRK HERALD will add immeuxsely to its subscription list owing to the disgust which will be very generally entertained by the public toward the erratic, unstable and most undignified newspapers. The subscribers to these journals in asking for @ fish won’t be satis- fled with a stone, As partisan supporters they do not object to the occasional utterance of whole- some truths, however unpalatable, but they deem it essential to good digestion that the newspaper, which they look for as regularly as their morning Tepast, should not be “bullied” and ‘‘beared” and swung from its political moorings by every passing brecze. ‘The New YORK HeRaLpD has presented to it now, more than ever, an opportunity of exercising an influence upon our nationai affairs which, on ac- count of its enormous circulation aud ready re- sources, cannot be reached by any other newspaper in the country. The princely income possessed by that establishment places it far beyond the reach of corrupt politicians; and it can asford, in all ques- tions of State and national policy, to exercise judi- cial watchfuiness in behalf of the Uberties of the people and the general welfare of our republican institutions, which, we may add, are not beyond peril, No newspaper in the world can attain to so lofty a pinnacle of greatness and power as that which lies within reach of the HeRaLp. We are confident of its sagacity to discern the situation. THE SHOOTING AFPRAY AT THE GRAND CENTRAL HOTEL, The case of Elisha B. Gregory, one of the propri- etors of the “Canterbury Variety Theatre” on Broadway, charged with a@ felonious assauit on George Wilcox, Saturday evening, in the office of the Grand Central Hotel, a full account of which appeared in the HERALD of Sunday, came up at the Jefferson Market Police Court yestcrday before Justice Cox. Mr. Wilcox swore that the prisoner met him in the.office mentioned, and, addressing him with an opprobrious epithet, violently as- sauited him with his clenched fist. Re, the nent, turned and ran toward the barber shop, pursued by Gregory, with a revolver in Ria ‘hand, and, pointing toward him, In the mei¢e the pistol was discharged, and a spectator named Theodore Willlams was shot in the great tow. Mr. Williams was unable to ap- pear. An oiticer stated that he had been taken to the tion house, from whence he went to his home about half-past ten o'clock Saturday even- ing, and that his mjuries were not considered serious, Counsellor William F. Kintzing appeared for the defence and waived an examination, and announced his readiness togive ball for the ap- pearance of his client at the General Sessions, The Judge decided that the eee must remain in custody until a certificate from the physician in reference to Mr. Williams’ condition was produced. For the farther examination of witnesses for the prosecution the case was -set down for this afier- noon at liail-past two o'clock, COUAT CALENDARS—THIS DAY. Supreme CovrtT—CiamBens—Held Leonatd.—Nos. 25, 32, 48, 66, 70, 79, 80, $7, 94, 06, 96, 97, 98, 99, 100, 101, 1 106, 107, 108, 109, ji, 111, y 118, 119, 120,'121.' Cail begin Supreme Courr—SpecraL Terw—lield by Judge Fancher.—Demurrera—Nos, 18, 23. Issues of law and iact—Nos. 5, 87, 8, 80, 93, 04, 97, 98, ov, 86, 27, 28, 54, 68. CouRT Held by Judge J. F. Daly.—Nos. 1107, 1034, 1436, Ti, 1816, 1642, 1605,’ 1600, 1092, 2700, 129, 1124, 866, 69, 1966, 68, 1508, 1051, 1156, 1604, a7 2495, 1721,’ 763, 606, 2307, 1247, 50, 1804, 1303, 1686, MARINE CoURT—TRIAL TeRM—Part 1—Neld b Judge Slea.—Nos. 1136, 692. 618, 1116, 1622, 1158, 1160, 1162, 1164, 1166, 1168, 1172, 1174, 1178, Part 2— Held by ‘Judge Joachimsen.—Nos. 760, 1105, 1119, 1127, 709 Part %-Held by Judge Curtis.—Nos, 962, 115, 1053, 1751, 943, 1058, 1068, 1286, 1033, 1834, 1835, 1336, 1337, 1438, 1889. COURT OF GENERAL SESe10; Michacl Fitz- gerald and Jotn Gillen, robbery: John Bowers, rape; George Crane, felonious agsault and battery 5 George W. Jones, forgery; James Dalton and 4, 1629, 1073, George J, Quiun, burglary; William Barrett, Leon- ard tan Wallen, Charles Lee, Richard Morris, Joun Smith, Hannah Connors and Peter Sweeney, grand larceny; William Craig, larceny from the person ; Charles Cohen, seceiving stolen goouy% “ov. COMMON PLBAS—TRIAL TERM—Part 1— Foreshadowings of Coming Events at Albany. FUN FOR THE RADICAL FAMILY. —— The Question of the Speakership—Trouble About the Head of the House—Tinkers-in- Ordinary to the Metropolis—Our Little Dog berries in Danger. ALBANY, Dec. 20, 1872, ‘The Governor elect having selected his military family, and obtained the consent of his. son to act as his private secretary, public attention lately has turned from the executive to the legislative de- partment. Who willbe Speaker and who Clerk, and what bills will be passed or introduced, now agitates the public mind hereabouts, Up to @ week ago it was assumed that there ‘would be at least four candidates for Speaker, the names mentioned being A. B. Cornell, of New York; Henry R. Pierson, now of Albany, but for- merly & Senator from Kings county; L. Bradiord Prince, of Queens, and Franklin A. Alberger, of Erie, The two latter were members of the last Assembly. Within @.day or two Messrs. Pierson and Alberger have signified their intention not to be candidates, and it is presumed that not even L. Bradford Prince will care to run @ lone tilt against Cornell, Very) many will be surprised if the latter is not nominated by acclamation in the republican caucus, In that event he will be relieved frum the necessity of assigning any particular man to the Chairmanship of Ways and Means and by common custom to the leader- ship of the party im the Assembly. If Mr. Cornell is left unembarrassed Pierson will be Chairman of Railroads, Prince of Judiciary, Alberger of Canals, and Fort, of Oswego, of Commerce. Where he is te find material for a Chairman of Ways and Means is not so readily seen, for it ts ex- pected of the member holding that position that he will be always ready, not only to defend his party when attacked, but im turn to attack and destroy its assailants. Jacobs, on the democratic side, is a sharp and ready debater, with an experience of six or seven sessions to sustain bim, and a disposition at times to make things hot. Husted, of Westchester, is the only known ready and experienced debater in this Assembly, and, ordinarily, would be put in the front of battle. Common report,” however, does not place him en rapport with the leading sup- porters of the national administration, and, in- deed, he was elected against the protest of his local paper, and also despite the denunciations of the leading metropolitan party journal. So, it seems hardly probable that he should be taken. However, necessity is a hard taskmaster, and un- less it is the Bald Eagic, there will be nobody who can stand five minutes before one of Jacobs’ im- petuous charges. THE CLERKSHIP. There have been four really strong candidates for the Clerksbip, besides a host of men who had hopes that lightning might strike them. There was William 4H. Barker, of Kings; Samuel Rk. Allen, of Chenango, @ ‘former clerk of the Senate and deputye clerk of the last Assembly; John L. Parker, of Cayuga, a former member of the Assembly, and ex-Senator John O'Donnell, of Lewis. Donnell has hereto- fore felt very confident and was generally under- stood to be on the administration slate. Buta few days ago somenody in apparent authority sponged off the name of the ex-Senator and wrote in that of Francis F. Fargo, of Buffalo, and, to al) appearances, he is the coming Clerk; at least he is booked for it now. Probably Edward M. Jobnson, the Clerk of the ast Assembly, will be retained as Journal Clerk LEGISLATION ol ‘will be asked of this taan was ever before asked of any Legislature in this State. Every member elect has at least two pockets full of projected enact- ments. Every conceivable ill is to be cured by sta- tute, while resolutions of inquiry and investigation are as plenty as fogs in London. ig to be made & iaufty, aud New ¥ rk cit special i lew You & ape- cial speciality. It ts known that the New York and Kings county members have had two or three con- suitations as to what ld be what, and egpeci- ally ag to who shall who, us far no particular scheme has been defnitely agreed upon. Afew of tne New York and Kings members who felt confident they would have the inside track in who appointees, in a general way endorse the propoell on to throw the appointing power into the nds of a hybrid board made up by taking the Dis- trict Attorney, the President of the Board of Alder- men, to be elected next month, the President of the Board o: Tax Commissioners and the Mayor. All departments are, to be re- modelled so as to adapt them to the system. By this process it is expected that the party patronage of the city can he hept more com- pactly within the city limits than if the heads of new depariments are mace directiy by the Legisia- ture or old incumbents allowed to bargain for re- tention by placing cousins and brothers and other near connections oi members on the city pay rolls. It wili take no end of party drill to work through this proposition, even if the New York delegation should unanimously adopt it. It pute the ap- pointing power entirely beyond the reach of legislators. A RETURN 70 THE METROPOLITAN SYSTEM, as foreshadowed in an editorial article of the HERALD a few weeks since, is a favorite project of a large number of the members, and is to be yar pressed by many of the leading politicians of the city. If it was periectly sure that the pres- ent Court of Appeals would stand by the de- cision of the former Court that passed upon the old Metropolitan Police bill “ther would be no hesitation among even the old heads. But, sustained or not sustained, it looks more than probable that the metropolitan proposition will be pushed Viodieen and that it will be the prominent feature of the Winter's legis- lation, Bilis are seedy, ready for presentation providing for seven different commissions. In each case it is ae toname the Commissioners in the bill, It is a short, summary and comprehen- sive way of relieving Governor Dix and Mayor Havemeyer of the responsibility and annoyance of dividing the spoils. I have condensed the leading characteristics aud scope of these proposed com- missions. A METROPOLITAN POLICE DISTRICT, composed of the same counties as were embraced in the original system—namely, New York, Kings, Richmond and Westchester. Under the old law the two last named counties were little more than figureheads. The Commission could exercise juris- diction only when solicited by the local authori- ties. It is now thought the increased population and its metropolitan Leben demand that it me con- whoever may be elected. of course, item is James Bowen will be General placed at the head of the Board, which will con- carried out, sist of five persons. Of these two will be taken from New York, two from Kings and one (Bowen) from Westchester. Itis more than probable that Thomas ©, Acton, the Superintendent of the Assay Oilice, and Seth ©. Hawley, the Secretary of the present Loar, will be the representatives of New York. A BOARD OF ASSESSMENT AND COLLECTION OF TAXES, made up of New York aud Kings counties. This, to consist of tive members—three from New York and two from Kings, with Mr. Charles H. Andrews, the President of the Board of Tax Commissioners, at the head of the bureau, It is claimed that such a combination would greatly increase the amount of taxable property, as the Commission would be in a coludition to scoop in a large number of property holders who now escape taxation by fixing their domiciis in Brooklyn or New York, to suit cirenmstances, and thus escaping taxation in either city. Itis aiso intended, if the constitution will stretch so far, to charge this de- pariment with the assessment of taxes of all kinds, like those for opening streets, bullding of sewers, paving, grading, &c.; also with the collection o! taxes, fi is estimated that a saving of at least thirty-flve per cent could be effected by thus com- bining ail these kindred duties under one head. ‘A BOARD OF HEALTH, comprising the counties of New York, Kings, Rich- mound, Westchester and Queens. The Board to con- sist of five members, of which two shall be froma New York, one from Richmond, one from Queens and one irom Kings, It is intended to confer upon this Board all the duties and all the privileges now discharged or exercised by the heaith guthori- ties of the several towns and counties constitutin, the district. In addition, it is to have charge oi the cleaning of the streets and work of a like char- acter, Also, to have charge of Quarantine, the appointment of Health Officer, resident Physician, and a superintending control of all public and Tivate hospitals and asylums within the territory, ackson 8, Schultz is most prominently mentioned for chief of the department, with a very distinct understanding that no doctors shall be asso- ciated with him, It is said that the expe- rence of the existing Health Board is against making up a commission too heavily weighted with experts—the true policy being to employ professional advice. There is much de- bate as to whether the granting of licenses shall devolve upon the board of Health or wo bagk to the also the Teme ee Ow ¢ COMMISION OF CHARITIES AND CORRECTION sppointed—three from New York anf two. bs to have of Comméastoness ot ‘Emigration. "Th Be from either Queens or Westchester. T! is- to have control of procuring, storing ‘ dis- ing of acwers and Fescrvol, “the gradlage pening and reservoi e and re of streets, boris ‘ac. eitied 4 BOARD OF COMMERCE, comprising two members from New York, one from one trom Westchester and one irom Richmond, or, pornans, two irom and ponc from Richmond. ‘The board will have jurisdiction of the work now performed by the Dock Commis- sion and she Pilot Commissioners and the Quaran- e Commissioners, and also the appointment and supervision of the Port Warde! the Harbor Mastors. If he will accept it, R.M. Blatchford is most likely to preside over this commission, NO MORE AT PRESENT, One or two more Givisions have been talked of, the present these are all that seem to assume a gible shape. ‘These embrace substantially the patronage of the two cities, and will @ long Way towards satisfying the demands of party. 1 believe there is really nothing leit except the Parks that could be reasonably brought under a metropolitan jurisdiction. THE LOWER COURTS r willbe pretty thoroughly overhauled, the incum- bents replaced and the salaries cut down. It seems almost incredid e to seme of the rural mem- bers that the justice and clerk of a ward court should receive more than double the of Governor and at least one-third more Chief Justice of the Court of Appeals. It is ander- stood that L. Bradford Prince is sharpening the axe that is to be iaid at the root of ward justices. VANQUISHED VICTORIA. The Wocdhull Refused a Lecture Hab im Boston—Grief and Indignation of Mrs. Demosthenes. Bosron, Dec, 22, 1872. Victoria Woodhull has been again persecuted, and this time by the people of what she terms Pu ritanical and pions Boston. Last week -her agent came here and hired Music Hall for the purpose of @ lecture by the celebrated Victoria tommorrow evening, and the announcement of her coming was liberally made through the oadverusing columns of the papers and by means of. large Posters on the prominent bill boards, The subject of the lecture was to be “Moral Cowardice; or, Four Weeks in Ludlow Street Jail.” Tickets were in great demand, and hundreds ofaolars’ worth were disposed of the first day of the sale. Just as everything was promising most brilliantly, however, the tables were turned upon -the fair orator, and she was politely but emphatically in- formed that Music Hall could not under any cir- cumstances be placed at her disposal. She then made an effort to get the St. James Theatre, but the ungallant Board of Aldermen stepped in and refused to grant her a license, All this made Victoria very angry, and she threatens very un- plessant revenge upon those who prevented her om having her ie . Concerning the Music ‘Hall refusal, Vic says that. on Friday, while her agent was in consultation with the nt of the hall, ex-Govérner Clafiin en- tered a state of excitement informed the janitor of the building tnat the Board of Di- rectors had held a meeting and decided that Mrs. Woodhull could not lecture in the hall, She also Says that the eminent ex-Governor began & tirade upon herself and sister, saying it was an outrage reese. an’ low women on. Boston, which a enough. Mrs, Woodhull jemoral: ciety, living with two puipands is. no better than a panel thief. le thonght she came down to outrage Boston by flinging out her filth. She had been refused every hall in New Jol All this, asserts Victoria, aia the: ex-Governor oy. and more too, his language tw hout ing of the most vituperative i) befitting ye igrtige and ly spoken of and behind the back of adefence- leas Woman. She also talks hard about James Red- path, the abolitionist; Mr. Tourjee, of Jubilee fame, and Alderman Fairbanks, for their co-operation. with Governor Claflin, remarking in this comnec- tion that she is especially astonished at the ex- Governor's course, knowing, as she does s0, mucly of his pee history, political and otherwise, To &@ gentleman who calied upon her she also ex- herself freely and emphatically concerning she action of the city government. Vic, during her stayin Boston, had rooms at the Parker House, where she was called upon by numerous visitors. She leit for New York night, promising soon to return and deliver ture to one o! the largest audiences ever convened ina Boston lecture room. It is, she says, all a question of “free speech.” A MODEL ABATTOIR. nat when Destroyed by Fire and Rebuilt Bettcr than Before—Hlsner’s New Slaughter- ing Establishment—A’™ Complete Buiki- ing Fitted Up with ail Modern Im- provements. On the goth of July last the abattoir of Henry: Eisner, situated on the northeast corner of First avenue and Forty-seventh street, was destroyed by fire, and a large number of butchers deprived of ~ a slaughter house by the calamity, The very next day after the destruction Mr. Elsner, with cum- mendable spirit of enterprize, proceeded at once to rebuild on the oid site, and, profiting by past experience, had the new edifice constructed with all the modern improvements. To-day the new abattoir is opened for the first time, and the hun of activity is heard where a few short months aga stood nothing but blackened ruins, ‘The new building was erected. on the old site, an? occupies considerable more space. Its archi- tectural arrangements are likewise somewhat dif- ferent. The matin builaing occupies a space of 70x100 feet on Forty-seventh street, is joimed by a building 50x100 from First avenue, the whole form- ing an L, thus leaving a valuable parcel of ground on the corner 100 feet square, upon which will be erected a modern and model tenement house. The internal Gm genet of the slaughter house are of the most simple and yet etfectivo Structure, Seven powerful windlasses, thirty fect high, are fastened to the walls, upon which the cal @re howwted while being dressed. Tne floors are not only water but fireproof, and, ronoing slanting, carry al! the moisture direct to ths sewers, The excrement Is deposited in an air~ tight vault, which is cleaned out every night, e cellar 70x100 and 16 feet high, built opor solid rock, is used for hides and fat. The ground floor of the building, tronting First avenue, 18 oc- cupied agacarriage house and likewise contains twenty-five stalis for the butchers horses, aud the space uy the yards is devoted to keeping the live stock until slaughtered. One-hall of thia building running back forty teet will be devoted ta the sale of small live stock. Onthe main the en- ture renaissance of the new Abattoir is the moxt. pleasing, and the internal fittings unequalled by any like establishment in the country. To inaugu- rate the new building, Mr. Jacob Eeister, one of the butchers siaugertering here, has killed ten cat- tle, averaging dr d, two thousand pounds each. The samegenticman likewise made a very feeling and telling speech at the opening of the Abattoir, complimenting Mr. Kisner on the great success at- tained in erecting tie finest slaughter house in the country. ' ALMOST A MURDER IN BROOKLYN, An Infariatcd Man Stabs His Wife. James A. Eldard, twenty-elght years of age, anda. painter by trade, was taken Into custody by tha police, in. the Secona precinct, Brooklyn, shortly before midnight on Saturday, on charge of attempt. ing to kill his wife, Eiiza Jane Eldard, The mam had been drinking, and has been out of cmploy- ment for several weeks past, His wif? left him and went to earn her living by attending as wait- ress in Miller's satoon, Fulton strect. He called on her at the saloon on Saturday night, and impor- tuned her to return and live with him, On thei way to Green lane they quarreled, when he drew a sheath knife and stabbed ber, cutting her four times in the b; once in the neek and onca in the right leg. woman screamed and fell fainting on the sidewslkin York street, The police conveyed her to tiie station house, where her wounds were dressed. rd was taken into custody and is held to answer, Pr. Kissam, who attended the emieronoance Ph her bd rp SES at ae yester, ay, es her wounds slight, and gays thi abe Will, 1M all probabjlity. recover. Sd