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Show Pacific Jiail luvesiiLUt ion. Washington, D. C, IS. In the Pacific Mad subsidy investigation, i- 1. Jonnscn, secretary and treasurer, treas-urer, pro. fem. of the company in 72 was called by the committee this afternoon, af-ternoon, to assiat in the examiniu m of books, etc. Jt appears that six checks were drawn for $H50 00u and otherd aggregating SlOo'.OOO At first they were made parable to block well, and delivered loVice-pre-, sident Bellows, who took them to I Stockwell's room, but bn.yiit them I b-ck and said they were lobe niadel payable to Irwin's order, widen was done and the originnl cheeks Hero destroyed. These checks Were in-dorstd in-dorstd by Irwin. Witness knew! nothing of the transactions now in-1 volving these amounts. There weref no entries in the books showing that1 any prtrt of $750,000 was returntd. I On I-ebruary 14tn, S72, the executive execu-tive O'lnmitteo met anrl ,Q1,.i .u. ol owing resolution: That the preai-dent, preai-dent, in his dis-retion, is hereby amhonztd to empl. y counsel and incur in-cur Mich other exposes as may be lea-wary in connection with the measure for an additional subsidy now pending before congress. On February 2bt the minutes and ratified by the board of directors. This $.',.30,000 were passed to the credit of I,inar,d by him checked out. On May 9lh a d-ft for S1U000, through Uy Uooke & Ok, was given to R. C. Parsons and ch,rg-d to stuck well. Witue,, alter runner examining the books, s-nd he al-o found an enrrr nf a loan lo otockwoll of $l'3.4S2; and a Pet.iMl ,u"u u o'ucuweii ot fliO.OOO At a meeting of the laiarrl the prft.i(jent tllHt, y 0"". W.COO, or (,(XtO would be netrwjsaay. lie was nuthunznl lo draw for it. X". ot'ier obje u than thoce slated in ib iu-utioii iu-utioii were then n.entiom-d " The prt-Mdent said tho amount w. uld b. required forgathering pmtisri.- ir,,m the treasury departrncnt abut commerce ot Ct.ina. Japan and India rr the lnfurmuuun of cwng eM and the nnhli,. k " the increase of tr)Ku MMcl cninMt, r with thoce countries. Xn report w ever made as to how the mo,,eV w.ih i expended. Stocuweil never inlhrni. 1 the board that he had ernplr.ved Irwin U. look alt-r the subsidy " I On May Jo, 1872. lockwH" onler-' ed a check fur $.X),U00 to be dr to i the order oi Charles Aib-rt to be charged to Eldndge it Irw ij. Witness Wit-ness didn't know wh.-u-r any ac count had ever been rendere-l cover- n-tins money, or of any account . eu.g rendered by P..rs,n,, n..nti,l i he know Parsons w a sgL.,lt f ilC i company. He said Patshad per- t eonal relatioun with S:u:kw0li. ( Bellows was exiiminl, and he i con firmed the testimony of the h lie ( tary in reganf to tn drawing ot the ( check. They wl.ro t u t Irwin in Washmgton, accompanied r by a privnte letter. When aakH5 whether he knew of any nn ney hav-jng.heeu hav-jng.heeu expended here and charg' d to , the Sau Frarcico agency, he rcpli d .that he thought such money waa 'charged to profit and loa. Hi could not say how much, but supposed' about $o0.(XX) or $00. W. George S. Scott testified that hehd been a director of the company Bince .May, 1S73, and was elected vice-president lul May; lud no connection with tiie company previous to that ; ( time; had no kuowletfge of what took I place in 1S72; wnile iu Europe he I met Irwin, who defined saying any- I thing about tho d sbursemeuta in Washington. Irniu said be was ready to state to the company how the mouey was expended and by who-e onler. A itne&s informed Irwin that he would be responsible for the board to met t him and hear his ex-planaliona. ex-planaliona. Witness called th attention at-tention nf the bbani to the subject la-t Thursday wepk, and statel the propositiun lliat Irwin had made tn him to give a full statement of his transactions. Irwin did not tell the names of the parties who disbursed the money, or through who disbursed. itne, a short time ago, had a con" vernation wi h Stockwell, but learned , from him no tact.- as to how ine money was upent. Stockwell didn t know where the n oney went to, except ex-cept from entries in the hooka. Stock- well' stock operation and losses were enormou-', and he is largelv indebted to the company. The" company didn't admit that affairs were closed between it and Stockwell, but that Stockwell is hable lor considerable money due the company. James D. Smith lestfr d that ho was elected on November 16. h, '71, a director of the company, and bus continued as such to the present pre-sent time; was present at the board to cons'der the Biibject of the subsidy. sub-sidy. The resolution adopted was to nit ut such legitimate expenses as ill if lit hit incurred. Wiind ouL-nd SUi swell what amount would be , Decenary. Stockwell spoke ot lavish ex pendi lures, hotel bills, counsel fees, etc.; witness reminded him that more than $5,000 could not be i-pent without a vole of the board, when Stockwell replied tho expenses could not be ovtr $10,000. r tuck well never reported progress made or wnat ttie agent was doing. Mockwell had tin entire dincuonof the money. JTo coniiuunivtiou was made to i tie iMird nfterthe subsidy wms pas-cd. Stockwell went out of office in Way, 1873, Witness never heard that any voucher was present' d to tho comp.ny touching diobur-e-meiits in Wellington. Stockwell spent a Urge amount in obtaining the subsidy. Hatch stated to the committee that he should like to be present when Ii win's testimony was taken. Dawes, chaiimanof the committee, commit-tee, repned that wnen Irwin's testimony testi-mony was t iken it will be read to the full committee, and no objections would be made to receiving such ex-1 ex-1 idaiion or testimony as gentlemen may present. Aujourued. |