Daily national Republican., March 02, 1870, Image 1

About Daily national Republican. (Washington City [D.C.]) 1870-1872

Image provided by: Library of Congress, Washington, DC

                
V -
'L"?r T
-?-e
mn.
VOL XI
WASHINGTON CITY. D. C. WEDNESDAY MORNING, MARCH 2. 1870.
IN0.82.
PIU-LJ -. ig' WB IJI-.I UJ I
. -KSBfckV .nwfas
Mmtjsn 9mimmmitmm
Auction Balei.
Bt ciiam.w, nvtmim.Ai'r.(
liiMHiiif In T. fl. Moftnlf. S. U.
Uorssr of r.a.tf Its St. .Tl. .si TssU stml.
TKUi
J
(Sueecaior to J. O. MeOuIr fc Ua.,)
raaetflvaatAaTCeaeea TaatkttrMt
mt'S .ALK Or YALUABL1 !?-0T?.r
' B MATMHIS . -.
y virtue oi a nw ".""". .T.l'J
te Ik Dal dar of pwnnr, . i. iw. r;g
lMB.la Tiber T aJ K, So, , Ml . .. nd
tr ilreellos of oa ftf U parti eor4 tharvby,
will wll.il MbtU aaattoB.oo.iae premleo.
WIDMBIDAT. taaOlheiar Otftkratrr. A. .
1(70, t oMookt p m , all ? Lot lUr4 "A,
iaUHoa Drre eatlv(laf eqrer aerat-rel
I wo BaaAroo aaA ofahlyo, ftSt.) M Ik aaa. I
eorSed la ltbr M K UIlo SIB, la Ik lar yer'S
onee ffVuklitMi oily. PUlrlal of Cotinbla,
with Iraprev.!. eeaalailBg of a two-atory
rrane IWaae, mU lot frcBlla n foot Twelfth
troat, lrB4rtitf IMfel I X lar.-a, to a M fool
pared allay Tkli It a aaoel daelrable property.
Tarmet Twlhiaad -Iar eaabt eel th r
raaiaaar las, iin iibid u llifMf l
uniiwi wbb In property Uatraa. of. Stamp
ad aearareaeta at prabar'f -i
Jo4hia WHlTNT,Trt.
H17-04U UIULW, BOTftLKK.Atot.
ThO BbCVB O to UtXMtBMftOo' UWIDIII
SO k rabroftrr ISlhiBt J pfe.
,- CH SULKS W. AurlLtH. Aal.
fatlQ eofse tiur)
flTheabevoaaUWpoalpAaeJtoWKDMa'DAT,
siirchdBiaawoiimeaBd tuo
iOS.lUa WtflTJ.T, Trail,
utukLis w. but Li it , At.
MT-oel.il. (Star)
19 la coaeiaeoe ' the feat, f Mr. Bettltr
tkeabe'eialewlllbe aby ....
OUIIjI WlLtlAJtS.
Bunt Abb loBMrs,
rCTinKDATS.
IHnaaoaaara 1a J. U. HaOnlra A Uo .
oBlkwaal raar of I'aaoarltaala tfaBB a4
AaB aiiaota
TRVKTBB'fl RALB OF VAI.nAHLI IHPRnTKD
rHOKtRTI OS roURTIBKTa MTRBBT, Bt-
TfTBBapAHDa tTUKimiiujiTa J
Bt lrtBat a aaoo of trot to m, bartar data
tkaiatkaarof JiTr. A. D. 1MB, Bad roaaraod
aaioBtlha)aa4 rooorda for tU orair la Llkr
T aad K, Bo.T. Btr.tMol7T, aa4 at U raqaoa or
IkBpariroMarodlkorahrt I wUtaall. al 111 r
taliaa oa HATUKUAY Ik 8ih Jif ( rak,
isTO. attto'aloal p m.. parUor Lm floa II a4
lTltaRtaiiDaBra ankdlvlaloB ofaqaaro 141,.
ffoailaf aVoatlTfaalra Por1oatk atrool wtil,'
aaJaiaa4la back 103 fast, wltk Ik lmproi
taaU Ibaraoa.
Tko proportr U 1nnrAl wllk a haadaoaia
Hoaao, wbwkiaui ("';
DB!
on
lu
JaaaarrlS
kiiu mini li lata. ao4 wklah kaa
oracjat a BUaroa, iwlj Btatlf aaw,
Tkoataoaaldv;
Ilk
tad for payaiaat of wbIib Ikt
oa ? Ufa koBa
Bt!
ikoToaalolaiaBdOaU IXTW. wl jaUiaU freat
o.a baUax.b.of wkUfa t miiIU
wlib aaattaaaat wLii Ika bhmiI la
iraakafl9tkoparhar. aid tk Ti-i'dB wllftla
trodar aflaruo aaloi tk bilaaaa at rls aa4
iwaJvanoalhai wllk laUrattf on Ik daf of aa I.
boaaord by aotta of tbOpfbaMt4 ftdoad
nt traalBpnalkapropartr Bnoald lkirmiaol
bo anpllod wllk la ls day afur ol. tko do
Plt io bo furfaUMf aad Ika proportr to b rld
poSadaTa' BolUolBlb Bittoaaa Rirrail
& at Ik rlik aad coot of Ik oofaaUlaf par
Tk t'llto la 11t4 Io bo ptffL
CwBTflBBf lat aad atawpa at prHrB toot.
IllID, W, JUJIII,
B
fabW-dla
T CUUI
til A LtTIHEU. Antt'ri.
tsucetMora to j. u. meuuira uo.J
TSn-TBK'ft HALX or IASLY KIW AMD
l OH THI
Avjtnus.
IBfl. '
dar of Jaao, 1M7, aad daty rrdo4 la Llbar
Oil f. folUltt. lwa..iitf Ikalaai.
Mtda of Waaklai-tAB y, la Ik DUtliaiof
viaBiviB.inaacnDor win Mil at poail a
tloaoaUOaDAX.iko ltik day ft MarA.llTO. at
'alok.r m la fro a I of tk proaiTaoa, Iota lat
OlO.lBlaal I At kuMhiHil Ilia tnaiHII hlallaJ
aJ bJJ - L 4..-l-aa 'h.i
a ivvviBa "JBI a iv to aiF
u i ma, air at in(,ifpiiii iman iai vi
tkoaald tm Uliarad '0,M rtlaaaad by tk
ocnbrltMAiaXllr. IrafU. by dJ f rlaa
aacalod lb lUl dar of at arch. IML aad ra
ord4 ! Llbar T a4 K M 4. fnilo UT-doftk
mro or la.toiprd by aaolacaaiaad aaarly
aowfraiaa raldBao. two aiorlaa aad bakoaiaBi.
wllk aloaaard foof, oa aiaaaalT traallofoBada
1 Oa.oaalAaaJ with Iraa nlliaa t ai ixu.il u.
plod by Dr. J. Uarry Tbowoa. . -up a
property nay bo a a oa th promla at tin of
aal T kla proporty la locaud a lb aonlk aid of
MaaaaraaMtu atoa,. aar FooritoBtk atraot.
Mo. 1J4 ft, U b 4 tk boat lIUI la tk Hy.
aad I ? taw of tk totality aad cltataotor f Ik
batldlai orlalaly rraa raroakaafr litoat
1HE GOLD PANIC!!
VL. .
A DARK SEPTEMBER DAY!
TBK IMR1IC1TI0X OF TUG fUBIECT
Report of tho Banking and
Currency jOommltteo.
A Fall ExpoalMoM of FUk and
Gould Coniplrncy,
Tarmaofaal! Oaalblrd eaahi lb ra.lda la
all lwlaadlklaai athai tkadfotrodPy
Moan to bo aocarod by a dood of trail oa Ik prop-
iriiaiii aaa niMi aLaiatsa al ant
Ciniuip
A dapoall of vt will b ttqalrad Ik prop
.i, i. ...... T0S B
COOrikMd.a.TlbtA'a,
fata-J J alarj aaaWoaoar
ET roort.K t LAT I HP. at Anfft'ra.
(Suetraaort to Ja, U. UoOuua Av Oo,)
roBBiyirai
Blhatr!.
DKNrt and nKoriirnH HiTiiATiov riPT
STRUT WEdT.VETWBIEfKAMb f HTRBITI
Uadtr aad by Ula f a d4 of trjdalo4 Jaa
oarylo.lICA aa4 roMrdod la Llbar T aad R p-ja
A 7, folto91oial,i oaa of tk Ud rtoord. SrH
forWaakliatoaeoaaty. P O . I will tail. alaaV
BDuaaiiitia oa Tituaavait ibo i a
larab.A, D.U7J. al 6o'lok, p. ta , la fropi
lha promlia'.BU tho. rlaoo aad paraola ji
lylat aad balac la WaaklBtloa lly. D C..
kiiwi a lb wfcoloof ol " llaadlSaad
oath II foal ti tabaf Ut Hw.11.ia tr ai
w airaota aortb, raaalac book to a patad all
aid Improved by thai aabolaBllal aad baad(
Tkro aioiy Bnk raaldaac. wltk browa si
Irtoiialaia, aad all aiodara lmpOTtl.
HtatlaBad Oarrlaoa Binuai tka nrontaaa At
paTad Bad MWrTk
Tarmaor aio
Iwalva aad alah
by dood of tral apaa lha pramlaaa. All oaf y
aaooaaad MTBBtaipa atooalef pa,rchaartfi00
, .RW V"ilTCU,tI,
Trail.
C00PEBA LAT I MIR,
fM Id Aaotloooora.
unban ; iiii.iaino.
1) Auttloeaora aod Itaal batata flrpkara,
a. WM aoatbaait eoraar el Bvai aad D trtv
TUn.TII'a BIL1 0.IAI, rDKNITURl.
r,i . or viriaaoi oi iroai Mtaao
di4 rabraary I. A. U. ISSn. aad
rrnraeoroaa la enatii racoro mubj.
1 I Wo . folio 5aif. mo- . I wtllaaJl.
t'.psW .?!i?,-? i? v?i-tr?5zFzl
II e'tlork am. tbaaattp'rad larmof laaaoor
lha KlKhtwoOD IIUUAI, ooraarof Poaaiylyaala
In tho Ilottit Tetlanlftr Mr. GirQeld. from
thCommIttonDAnkloK "tud CnrrtncT,
tabmltted lb 7port lo relation to lha Bi-
twinMfgold tnic TUortporlBBTfi
la obedlcoeo to tho order or the Howe
the com mitt m rtiolred to txmlae tho fol
lowtoft topic In the order ntmadi
lau lDOEOia eicmiozo ioa ido coia ex
chance bank, their hlitorj, Ibo character of
their ordinary operation!. nd their rtla-
tioni to ids roia panic or oepiemoer.
2d. Ths ftllrg-ed coniplracy of September
to rtUtj tho pneo of gold, tho portons on
caged In It. and the IrHitramenUllUet nude
OA Of.
SJ. Whether any ofllcen of tho Nation Al
GoTernmentwero directly or la directly en
gaged In the atlfged conspiracy.
The peculiar chartcter of the opcratloni
to be foTeittgated. the tecrect with which
they were carried on, made It difficult for
the committee to And the cine to ruaoy
tranfactlooa, a Knowledge of which wad -lenttat
to a fnllnnderaundlDBOf tbeeob
Ject, and the large number of penont en
gaged la the norement. and the reluctance
of many of them to dUcioae their own trans
actions, bare protracted the JnTaatlgatlon
and welled the Tolome of teellmony to an
extent which the committee ttrtt, hot coold
not necetAarlly arold.
In narrating the facti deTCloped by the In
Teatlgatloo, the oomroltUe haro used the
language of wttnessei themselves, whenever
It could coDTenlently be done, and hare In
the main followed the chronological order
pf event.
lot uniur ui mo gum (wqig wui iuoil
loclnde all the topics aboTe-named. and thej
need not, tbereiore, be treated separately.
Io order to exhibit the fait blsloTy, the com
mittee then review briefly the movement of
gold for a year prevtons to September.
The first Indication of a concerted move
ment on the part of those who were promt
nent In the panic of September waa an effort
to secure the appointment of some person
who should be subservleat io their schemes
as assistant ai -Now Tor k la place of Mr.
If. H. Van Dyck, who resigned In the month
of Jane. In this effort Mr. Gonld and Mr.
A. R. Corbln appear to have been closely
and Intimately connected. If thatestlmonT
of taowltofaeos 1 to be believed Mf. CotV
bin suggested me name or nis step-soo-in
law, Itoberl D, Gather wood, and Mr. Gonld
joined in ine sarreauon- inis lea so aa in
terview with Cathexwood, the object of
wnico is oiscioseu in nis own icsumony, as
follows!
"I want th seat day to have a conversation
with Mr.aottMand Mr.Uorbla.aad 1 fouad
inaiina remark was amply taiai That ttto
Bortlaooauld enarala la lB-ltlmato wav and
aiak a rroat daal of taoar, and that all ould
b btnafltod by tt la a Itfttloaata maaaar.
1 aatladod mratlf that 1 could not Oil
the bill."
And again page lOi
'Mr. Oeuld, Mr. Corblo, nratlf aad soma
other aiaoaUtas had an Uodaritaadlof Ibat
wa could co.lato soma ptratloa. such a
the purahaa of cold atooki, Avon aaJ I hat wa
would share aad ah ax alike."
Aad page 17f
"I llal mm IkIa tltla a.nk.taaaaaK
haalntss.'
The cattle next turned their attention to
Gen. Butterneld, and both before and after
hi appointment claimed to be his supporters.
ine commmoe oars no ctiubdco voai
Catberwood's name was ever proposed lo
the President or SocreUry as a candidate
for the position, nor that Gen. Butterneld
was In any war cognisant of the corrupt
schemes which led the conspirators to desire
his appointment, nor that their recommend
atlon had any weight In securing It. In ad
dlitou to these effort, the conspirators re
solved to discover, J ( possible, the purposes
of the President and the Secretary of the
Treasury In regard to sales of gold. The
first attempt In this direction, as exhibited
In the evidence, was made on the 15th of
jane, woen mo rresiaens waa en Doaru one
of Messrs. FUk A Gonld's Fall river steamers
on his way to Boston.
At 9 o'clock, in. the eveolnc supper was
servetT on board, add the presence at the
lADioor snen menasuyrut w. ieia,wiin
several leading? dllions of New Torknd
uostoo, was sudden- to prevent any suspi
don that this occasion was lo be used for
the benefit of private speculation. But the
tetltmony of, Tlsk and Gonld Indicate clearly
the purpose they had In view. Mr. Flik
save, (p. 13t)
"Oa our Dasaanover to lloatna with dan-
eralOreet wa endaayorad to aaaartaln what
his poaltlca laresjsrd toth Oaaaaas was. Wa
wsntdowa to auppar about t o'alook, lotaod-
IB( wniio wo war tnarv a hotoj inn tamf
prctly iborouKhty lalksd up, and if ponlbl lo
isllsr him from aar Idea of putlog th
prlteof oUdawa,"
Mr. Gould's account Is aa follow!
M At thl uppr thsquMtloa same up sboot
lha atata of tlioeouatrT. lha arona. ttroanaata
ahsad,!. Th PnaldoLt was a llaftaar, th
month or two. this belief would be almost
a valuable to them as though It were true.
They, therefore, sought by stratagem to
make an Impression to that effect on tho
pnbllo mlod through the pre, and In this
they eame near being successful.
via ins Ota oi anzait tua iion. o-oan
Blrelow. editor of the New York Xlmt. had
an Interview with the President, daring
which the financial condition and prospect
of th country were discussed. Toe state
ments jn two coiionai anicies wnicn ap
peared In the Xlnwiof August Oth and Tin,
wen understood to represent the President
views, if they were not directly Inspired by
him.
On the 10th of Aunstthe President acaln
passed throoKh New fork, and Immediately
tDOTvamcr mo cooapiravora Bfjugna (O use
the column of the Timtt for the publica
tion of an article which should actear to be
a semi-official declaration of the financial
poucv or tue Administration, but which
should have the effect to raise the price on
goia, anaiuus eiaioeir -peculation ai me
suggestion of Jay Gould. Mr Corbln, on
the 83d of Augist, bad completed an anlcJe
(the manuscript text of which, la his own
handwriting, Is la possession of the commit
tee.) In which 11 was deelared to be the
policy of the AdmlaUtratloa to advance tho
price of gold, mod la which the transporta
tion theory or Gould and Flsk was Btronarlv
ataiualjut
ThL article waa headed, "Grant's Flaah-
ciai roticy.-' jiwasegreea m.u mould
be published as a leading editorial, or only
In that form could the purpose of Its authors
be accomplished. This delicate business
was to be mnegod by Ur. Gould; and lest
bis personal application to the editor of the
Tlnui should carry with It a favor of Wall
street, he secured the services of Mr. James
wlcllenry, a prominent English capitalist,
ana personal mena or Mr. uigeiow, woo
called at the Tlnut office and preeeutcd the
article as the expression of a person In the
Intimate confidence or the President, and
whose utterance were the fallhfsl picture
of the Presidential mind. Tbe arilctft was
put In type and double leaded for, leading
editorial, but, on reading It over, suspicious
were aroused and tbe tloandai editor, Mr.
Worrell, wa sent for. He testifies, page 13i
"Not know I or where th artlala oamarrom.
yatfrora whaterar aouree It orlt;loatod2aa
peeled thr night be, from th siatmat of
oad oBocta of aatd Uoial
Tmvma t .alai llaa II
at alx bb4Iw1 moBlha, for wblah lbataf
Tarraaof aalai Oa third eaih. tad tk bale boo
be parkar, b art a a let real from Ikodayot
BBIO.WIII DO HIHI.il IU II. HIM.HIV. t
lha Tra.teo. Plvo llaadrod Delia ra 141 roe of
lb parehator al lha Urn of aal.
All eoar yBBlas sad rf eaa atampa tt theeoil
f thp.r.harViLUAK f UkTnMVtt
oar.su 4 williamsT"'1'
fatl (rkroaanarl AotUoaaara
III UHB.I.A Nll4lilHO JO !!-
Southeast corner Hf Tenth aad 11 itreala
HOTEL OMfllBD-jnOltSFBAHDBARKXailOJt
'
traol
aad eat of dosbi Caraai
tarsal aaia.
faid (Btarl
EDtiixiCAtoir,
0BEB5 A WILlUVsT'
AaotUaoara
QOTISIHEHT lALEOJT AKTBKAplTACOAL,
Hsipseaaraaa PsrAavusir tw Tiaanii, )
urrioitlaiir QoaatiaHAiTss. r
Hioiaoap, Va , rkraary tS.lS7i ?.
. riiiaalalpahllaaaUoaat''ttpShoSal,
Lyaakbari , Va,, oa th lib day of Marak. 1170. a
Iwi of Aayiraolt (Jo I. Mtlautod al aaly IT0)
Term Catk a day of aal.
By order of lh OcaaralOommaadlaf pepariauat
of Vlrilata. J7 u. ciuolaa.
faVBea SreretOoL Chief Qaart'.
CALK Or QOARrXBMABT STORXI.
OlOAT OtllTIIMlmi'.A.am a
WAaHiBBTos. D. U.Ptb ttiero 'I
; t!t
Wlllbcaold ai pabile aaattoa, oa it ua pay,
MaitkTi eoMDiaatlacatlO 'efc.Bt ih llpol
of AtmyOlothlac. qaaallty of Uaartarnaaiai
aioraa. bbbi ir iaaB, a"otaw ari or vor
pBter'. addlr( a'! a'aekiiBirb' Tol
WaUrHBehau,(Jhalaa, ika,CbaUe.aiAII,
Jlere. Urals Saoha, Laatoroa, He atal,lf .
aiaff, oppraad liaaad Kirta. Iloraa 4 Mai
Shoo, Cook Siataa, Door.'lrtta. laa, Bcaatl
Una. Jalal. CauundB Colllaoa. to: '
t at Ita. jif aalh
fl a naa nf lha Om rl.rimil.r OakBI al
u a TAuuit.
C.PUT. UiU.lt! t V a ,
uklgt tcttn D.i..tQ.ruriiinttf.
"Opticiani-
tlVfi El'jmiaur accuraeJy wittp
-w't I'Mlei or ottitr Epeciadci by
mtritjf antwering a few quealtont.
II. H. UEHPbBlXy
Cfyfician, National IlottL
IIK HAUIO WA.HINO MACHINE,
1 W.rrAnt.d lo .IV. .mr.0tlao. PrlM
II. Thnoa7P.Iliur.BitU br.l.rM.tf
'"' "ioUMA.'uAHKB.
Airltaltarel Warekoaae,
LoalaUea aveaae.
rl aolw Uatwea Wlatk aad Tath at.
lOOOAltlJI'e PBDO STORE, OPPOSITE
j Maaoat Ttinpla. ,rrah1idaiiacelted twin
wk. JI stale seeds sspi
other nAtlocaea war) dlaiaaelBft sob. were
lafavot of float wall' oolllaa Bold, aad sera
oppoaed lo It. After they had all loterohangad
tfcalr ylaw tone oa aaked th rrealdeat
what hi view waa. Ha to narked that he
thoaial there waa arta!a amouatof fietl
tloaioce about the pro parity of th eoualrr.
and that the uxikhlaj athi aawIl be Unpod
la oaa war aa another. -Wt auhnoaad Iran
that aoaTaraaUoai lhal the ProalJaol aut.
eoairaeiioniai. - - mi r mara atmea
aeros jtua a wt puakssv'
It appears that these skillfully coi tinned
efforts elicited from the President only one
remark, and this opened a gloomy prospect
for the speculators, for Mr. Gould testifies
that early next morning he was at the tele
graph office and fpnnd there one of his asso
ciate telegraphing to New,Tork to sell out
his stocks
Upon their return to New Tork Flsk and
Gould determined to bring a great pressure
upon toe Aomiaia.rauoq to prevent u possi
ble a further decline In trold. which would
seriously Interfere with their purposes of
s Deputation. Thl was to be eflected br
facts and arguments, presented In tbe name
of tbe country, and it business Interests and
a financial theory was agreed upon. That
theory was that the bnaloess Interests of the
country required an advance In the price of
gold that In order to move tbe fall crop
and secure the foreign market for our grain.
It waa necessary that gold should be put up
tons.
The chosdn Instrument through whom
these Tlews were to be laid before the Presi
dent was Mr. Corbln, who soon became a
willing convert to the theory. Tbe previous
purchase and carrying of two million of
united Btaies nonas ny jur. uouid rorwr.
bin's profit may have aided In his conversion.
Having lane ssenrea nappy concord or
purpose to put up the price of gold for the
pabile good, their next step was to press
their views upon the President. Concern
ing this purpose Mr. Corbln testifies ai fol
lows tnvls( a natural deslr for the suoseis,
th Aral yaai of th ad at lalat ration of my
wfa broth ill Improved vry opportunity
tolmprea upon him what 1 taoocht was a
vital poiat.and that waa to 11 lha farmer
aad aaoehaaloe ead maaufaturrs have rood
priM (or their prod a tt oaa.'
It appears from the testimony thai In lhce
Interview, seen red by Corbln, great caro
Was taken SO Unre tha .TWtrlntln aU lha
question and th'trreat business interests of
the couotrrv ; Btlfl, Mr Corbln says that the
president tad engaged ra their conversation
with reluctance, and the moment stop alloJ
iIah vaa mail. I. tk. ..M ..i ..
GQvernment he became very reticent, and
on one occasion, reprimanded a serve at for
allowing Mr. Gould inch ready access.
In pursnacce of this system of e polos r.
Mr. Flsk hearing that the President had
gone lo Newport, followed him.
ThevUlt of Mr. Flsk to Newport, and the
Interviews with tbe President, which Mr.
Corbln had securd for Gonld, seems thus fsr
to have failed to secure aoy promlelug pros.
pert of art lu rold.aud Gould was still
unable to Indue Vlik to co-operate In his,
purchases.
A new scheme was started. If by any
mes&s they coald make the people bellove
that thi Treasury would not sell gold for a
th last paragraph, a lala!r purpose- to ball
fold, ao the doable leads wera takda oul.tk
allot theartlelsatt.ekeaotr.Aitdth artlsl
Biltappeara pubUahed oa tsUtb.i
a O ThalntoBtlao. I kna nailaiikl. aaaalkal
It abould appear Jat as mtih aeml omolftllr
as th other article of tbw eih of Auruai.
nu.ai. ,. iiiiii.it iiiiiiiii niwta auiar am
lotcrf law with the rrestdsAt."
On the 30th of Anrust Mr. Gonld ad1.
dressed a letter to the Secretary of phe
Treasury, with the t manifest purpose of
drawing out a denial or admission that the
article la the Tlmr correctly reflected, the
Intended financial policy of the Administra
tion for the next three or four months. The
brief and formal reply of the Secretary gave
Gould no clue to the purposes of the Govern
ment. About the 1st of September, and Just be
fore leavlog New York, the President wrote
a letter to Secretary Boulwelt, who was then
this home In MMachusetts,ln, which the
President spoke of tbe financial condition of
the country, and suggested that It would not
be wise to sell gold In such largo amounts as
to force down the price while tbe crops were
moving, as It might thus embarrass the West.
This letter was received br the Secret rv
on the Hth of September, and though ft
gave him no order but left the whole subject
to hie discretion, yet he concluded not to
sen so large an amount during Deptemeer
as he had done In the preceding months, and
telegraphed tbe Assistant Secretary at Wash
ington not to sell aoy gold In addition to the
amount required for the sinking fnnd.
All this time Gould and his different asso
ciates cootlnued to make lenre purchases.
But as Mr. Flsk wdl said, "the whole conn-
try wa against them," and one after an-
aiarmBU.
It was evident that tho movement was
wholly artificial. Tbe confidence In United
States bonds Increased In Europe everyday.
The prospects for abundant crops were flat-
terlor.
In spite of many forced operations, the
export of specie was unusually light. Gold
came pressing In from all quarters, and even
commenced to return from Europe.
In Mr Gould's effort to forco up the price
or gold ne seems io nave iei no means un
tried to open every avenue of Information,
and to buy or conciliate all possible Influ
ence and aid. II olaced General Butler
field under obligation to him by a private
Iabd. and by laTitlair him to loin bnrlntr a
controlling share of the stock of the Tenth
National Bank, and he swears, though Gen
emluttr Held denies jt, thai he bought and
secured 'during August and September, on
tbe General's order, for bis profit, 11,300,000
or gold To securo the more earnest aid of
Corbln, and his pretended knowledge f the
vlawa and imrpoert of the President, he
bought In his lots and secured for Corbln
one and a-half million of gold. This Is ad
mitted by Corbln.
in addition to ine lunoences tons ooieinea
by porchase, he pretended that the Presi
dent had become a convert to bis theory of
patting up the price of gold to aid the bust-;
ness of the country, and he had heard the
President tell Corbln that he (th President)
had countermanded Boutwell's order to sell
Eold during the month, of September. Cor
In swears that he never hoard the Presi
dent make such a statement, and Mr. Bout-
well testifies that the President gave no order
on the subject.
With all the purchases which Gould,, had
made up to tbe middle of September1 he had
not been able to hold the price above 135
It would appear that nothing but the scent
of corruption could sharpen the appetite of
risE lor ine game wiucn nis leaaci was pur
se I a.
With tho great revsnuei of the Erie Bail-'
roaa company as meir command, ana oar
ing converted the Tenth NAtloaal Bank Into
a manufactory of certified checks to he used
as cash at their rJeasoreJtber tsrrlted all
opponents by the gigantic power 'of their
combination, and amated and dsxzledtbo
dissolute gamblers of Wall street by declar-
to the whole transaction Is sufficiently Im
portant to warrant a ruiier statement in re
gard to It. The messenger. Chapln, In his
evidence before the com mil Ke, details with
great minuteness hi part or this transac
tion. He says be delivered a letter addressed
to Gen. Porter la the parlor, and that a few
minutes afterwards, as the President entered
tbe porch or the hoase he delivered the
letter addressed to him. Chapln's testimony
(p. 9) la as follows i
"Q, Were y werds said either by th Pre
siaeat or OsDral Porter RlvlDc th leait In
formation sa to what that let tors tontatasd 1
A, No. air, tb.tr was not.
Q. Were yon Informed before yoa Uft New
York what the aubatanee of th letter waal
A. No, air, X wsa not) X bad bo koowledf of
It In anyway.
CI Pldvoumasnby your t el ft a at lo aay
that th ProBldeat Aaawered that tbeeontento
of th letters were all rlsbtt A. Not I did
not know anything about th eoateats or th
letter. X meant to say that ha had reeelyad
th letters and read thera-ahat they had bean
delivered all right.
li. You did not la your I el, ram allude to
Ihe.eeetael of the lolUr or tbe
rasiloroftbai A. lto nothing or thcklad."
The ac6on&t glfeti of this testimony by
Gen. Porter 1 as follows t
"Wall w war atayUr at Waahteftoa,
Pa, the I'reildeat aad I wereoxtdos
morn lor playlet ram of eroquatla th
rant, 1 was leld thai tbor waa aceutlomaa
her who wanted to tee roe, and leant him
word to wall until wa had floUhedlh (am.
I tha walked tato the parlor, th Treat jeat
Uklof a seat oath porta near th window.
A geotUmaa la th room banded aa a tetter,
wblh I opened. It waa tothlesffvett
"Naw Toaa, (l force! th dale) Th
bearer has Blotter wbtE h Satire to deliver
to lh rraldnt. l'la afford him an op
portualtyof dolnsao A.K. Uobbih."
".tailed to th President, and ho slopped
Into th parlor, and a letter was headed to
him by th metaenger. The Prealdeat walked
out, X think, on lh stoop readies; It, aad la a
aw minutes! walked out In another dlroe
Ion. Th maateof er was still Billing la th
parlor alone."
"A faw moment afterward th Prealdeat re
turned, and this aoatlemaa arooe, htaltated
a moment, and aalrti Any foul if er Aoy
lhln lurtherr The Prealdnt asld, 'No aa
swer.' And the meeaoof er started off) cot lato
bul Er. nd drove away. I asld to the Prtl
rtfoVVrho e thatmaap II said, I de not
know. Whit' Xaald I merely aaked oa ao.
count ofthpttulIatity of th latter of latro
duetlon whlah ha brontfht ta nfrhlinimi la
not mentioned la It, He bald, 'la that msaato-
fer irom new xorsi' a , -it npsra
ob.' II seemed quit Burprlted, and was
slleat far a faw moat-rote, aad the, aad la
asm BUbaequaat eoavertatloet.h gar m
th Imprettloo that he euppoaed this man wa
a m-tafsctr from th poet C0e. who bad
Merely broucht th mall uo. ll had booo ai-
lomaryfor tbe poatmtator hlmaolf er one of
ma jiera.o to oriaf too maiia io idj t'reaiacBt
sad deliver It la portoa "
Q. In what the Pnaldant said td th mt-
itanr. did earl uriat ami that lha mintiirif
Sated KBVthlag la regard toth contents of the
lattart A. No. air.
Q,. Is Ih letler whlah you reealved la x
iimbmi a. aa ta not. woo aa oroiaary
ot whlah I tor up th moment aftorwarde
O rti Ml kniK (arKatKaa Ika latla. a. I.
tiraaaed toth X'reildeat It loeilitaeoraott
A. Mr underitaadlag la that II la nW II was
doatroyed at lh Urn.
U. Stata what la la hahlk of lh Proaldanl
In that rtepoet whether ho la tbhktlt of
deatroylar latttra addretitd to htm or not!
A II deatroya a great many all that are not
ui uai'nriBaBB tor mi uio.
u. no you aeen ma nisei
U If that Utter were la Elataaa would
you havkowldgorttl A, It would b la
ror ciiBioay la u prooaDiiitr.
ThU letter, which Cor bin bad led hit co
conspirators to trust as toeir safeguard
agama lotoiicroaca iruxn air, xioutweu nnaj-
IT proved their ruin. Its effect wa the very
reverse of what tbey anticipated. Gen. Por
ter testifies i
' Th letter Would have boon 11V Vn.Ui
of other letter relvd bf th Pratdent If It
a4 oaf ooa lor int iaoa inai it wa ani Dy a
apeolitl, mesiangcr from Naw York to Waah
logtoa, Pa.tha mtateagar having to tak a
earrlateaed rid son tweaty-elgat mile from
PltUburg.
"This letter seat la that way, urgteraeer
lain polity on th Administration, taken la
connection with some rumors that had got
Into tha newspapers at that time, a to Sir.
Uorbta having baton a greet bull lo geld,
MUi,'Ukpr UJpiOXjujpijUpe. t-Jwir
lotereat la that BpeuUtlontthat he waa not
aetuated tlnply by a dealre to eee a certain
polity carried out fortha beneBt or the Ad
mlntttralloo. Feellor la that way, b aug
gotled to Mte.Oraatto aay lo alettarthew
wrlllar la Ura. Oorbln. thai runnu had
raad her Ibat Mr.Uorblo wa oonaected
wiinapoeuiaiori io new sora, ana inai na
hoped that If thla waa ao he would d lien gaga
Mm it If from them at once; that he (lh Preei
donttweaarr muahdlatroaaod ot auahrumnra
H wrt a fetter that evening which I did
not see. That X think was tbe night after the
meMoofer arrived, and while w wer still
as vr aaaiagioa, r,"
Both Mr. Gould and Mr. Corbln hare tes
tified In regard to this letter, and they
iwm ii couiaata auoataotLauy as given Dj
uon. tronmn it waa rwcairca in fw xora
on th evenior of Wednwdar. the S2d.
Late that night lir. Gould called at Corbln 'a
housei Corbln dlsdosed the content of the1
Miter, ana uj sat uown to consider lis
imcance.
slc-nU
ThU letter created the utmost alarm la
tbe minds of both these conspirators. It
Many other brokers bought rait snms under
similar orders. But while theso tools and
victims of the clique were buvlng, Gould
himself was selling.
Thursday afternoon gold closed at about
144, and the conspirators, flushed with ap
parent succc, held a meeting that evening
to lay plans for the next day's campaign.
The operations of the gold clearing house,
which usually amount to seventy millions,
had reached that day two hundred and
thirty-nine millions. The clique held calls
for more than 1100,000,000 of gold, and as
there were not more than fifteen millions of
actual gold la New York outside the sub
treasury, tbey were masters of the situation.
Every man that had bought or loaned gold
owed It lo them, and mnstbuy It of them,
or settle at such enormous rates as they
might dictals. They had a full Hal or all
who were short or cold. Including more
than two hundred and fifty prominent firms
la New York, mady of them loading bank
ers and merchants, whose legitimate busi
ness required large purchase of gold.
loatmgut eta meeting oi inoconipira
tort It was proposed to publish this list next
morning tn all the city papers stating tho
amount that each firm was short, and de
claring how much gold 'the clique held, and
Informing tbeflctto.s'thatlf they did nut
settle at 145, before 8 o'clock, a higher rate
would be demanded.
So strongly did this shameless proposal
commend Itself to some of the Conspirators
that tbey sent for counsel to Inquire whether
there was any legal obstacle la the way.
They were Informed that such a course
would constitute a conspiracy under ths
statutes of Nsw York, and for this reason,
or perhaps for fear of popular fnry, the
chtmi waa abandoned.
It was finally determined to put gold up
still farther. Early on Friday morning
rise ana uouia aroreaownto tyai street
They made Heath's offlco their
headquarters, and with bullies standing as
cuard at the door, and a crowd of runners
at their elbow, Issued the final orders for
their grand assault npoa the commercial
community.
Belden was the man of straw la whose
name alt purchases that day were to be
made. Flsk was lo give the orders to buy,
so as to leave ll to be Inferred that they were
for account of himself and Gould i otherwise
brokers would not have executed tbe orders.
Wlllard was to attend to the loans, and to
force the collection of all the money they
could by way of margins from borrowers.
8 payers deee'ved and confiding, but utterly
Imprudent and Injudicious, was to be the
convenient tool to bid op the market In tbe
gold room. Smith, Osborne, Dater and
HlmrjsAo. and other leading brokers of this
clique, were to frighten tho borrowers of
gold into priTito aeiuemenia in toeir oiace.
and Jay Gould, the guilty plotter of all
those criminal proceedings, determined lo
betray his own associates, silent and imper
turbable by nods and whispers, directed all.
At 0 o'clock Speyers received his first In
struction. Ue testified that he met Belden
coming out of his office, who said "Come
with me to Heath' office." Ue also said,
" Thla will be tho last day of tbe gold room.
We ham rot over $110,000,000 of calls, and
we have an Immense amount of money, and
can out all the gold the Government dare to
selL Yon will be all right." Wet had now
reached Mr Ueath'e office, (this was sild
on the way to Heath's office,) where I
found Flsk and Gould and others. Flsk told
me to bur all tbe gold I could gel at 143, or
under, lie spoke loud, lu the hearing of
every Doay.
(.liere louow an account oi now tne pur
chase was urged by Flsk and Gould until
gold reached 160, and over.)
One thing wa of course essential to com
plete success that day. Tbe Clique needed
vast sums of money, so as to be able to pay
for the gold that parties who declined to
place margins la their hands might return
to them. Tor this Gould had made, as he
thoaght, ample provision. He had some
IaWe,f6uiUVi.IWBitBaVHUtfSJW
institution as a convenience to certify tho
checks of his firm. To this bank be wrote
a letter the day before the panic, guaran
teeing them from loss through certifying
the checks of Wm. Heath A Co.
Russell A. Hill, clerk of Heath & Co..
ssjs be told me that the Tenth National
Bank bad agreed to certify to an unlimited
extent that day. A short time afterwards,
one of the officers of tho bank came into tbe
office of Wm. Heath & Co., and said that It
waa Impossible for tho bank to certify, as
there were three bank examiners la there to
Srevent lu It Is In evidence that on Thurs
ay the bank certified checks to the amount
of twenty-fire millions, and on Friday, not
withstanding tbe presence of tbe examloera
certified fourteen millions more While this
desperate work was going on la New York,
Its alarming and ruinous effects were reach
ing and paralysing the business of tbewholo
country, ana carrying terror ana rnia to
thousands. Business men everywhere, from
tt was not without difficult r that tho con
spirator escaped from tbe fury of their
victims, and look refogs In the up-iown
stronghold the office of the Erie railroad
During Thursday and Friday they had gold
out at high rates large part of the gold
tbey bad previously purchased and bad
made many private settlements at rates ruin-
ons to tbelr victims. Tbey at ouco repu
diated all their purchases made through
Belden and bis brokers, amounting to sev
enty millions, and It Is evident that either
before or after the fact that tbey had bought
Belden's consent to this vlllaloy. Tbe gold
clearlog house, with Its almost uu'lmlted
facilities for settling the accounts of gold
gamblers, was suffocated under the crusblog
weignt oi us transactions, and us aoors
were closed.
Whatever mar have been the final pecu
niary result to the conspirators, It Is evident
that on that day Mr. Flak, at least, sup-
Etsed that they had suffered enormous losses,
s called on Corbln and overwhelmed him
with threats and denunciations. In his evi
dence concerning his Interview, he says i
MI knew that somebody had rua a saw right
Intout, and, said I, 'thla whole thing
baa turned out Juat as I told you It would I
consider t ha whole party a pack of eowardi)
nu t iiptiiaa tnai. wnan wi cima id dibbi
our handa, they would aock It right Into ua.
Xaald to htm, I don't know whether you have
Med or not, and I don't know what ought to
be don with you. U waa oa oaa aid of th
tattle weeping aoi waning, aaa i wa gaem.
Ing my teeth."
Gould seemed to have hope that Corbln
might still be of some service by going to
Washington and representing to the Presi
dent that the effects of the disaster on all
parties might be mitigated by suspending
the Government's order to sell gold. Flsk
Joined this proposal with but little hope, and
oald In regard to Corbie's going, "1 thought
that the further off he was the happier I
should be." Two days before thla Corbln
had written to tho President denying In tbe
most positive terms that he had aoy Interest,
direct or Indirect. In the rold movement, and
ventured to go to Washington on Saturday
or Datura y nigot, ana oa tsunaey atiemptea
to talk with the President on the subject.
According to his own testimony and also
that of General Porter, the President cut
him short with tbe remark that that subject
was closed up. Corbln pursued the attempt
no rurmcr, ana tost nignt rcturneu to new
York.
The fact that they received no dispatch on
Bunday, and that the neil morning further
sales of Government gold was ordered showed
Flsk and Gould that Corbln's mission had
failed. Ha made no reoort. and the three
eonsDlretors nevor met ezalo. FUk av of
thl mission of Corbln, "Matters took such
a turn that It was no use. It wa eacn man '
drag out hi own corpse.' "
uq aiouuay, mo -ma, man ana uouia
tried another method of saving what they
could from the rolos of Friday To answer
tbe demand for settlement, made by scores
of victims, ihey obtained from some of the
courts of New York city, In a single day,
twetre Injunctions aod JudlcUl orders, which
placed the gold dearlog house In the bands
of a receiver, restrained Its officers from
making settlemenU, except on tho order of
me courts, restrained tneuicers oi tne
gold exchaoge from enforcing against the
conspirator their rules, and compel settle
ments amoog Its members.
The committee do not consider It necessary
to follow the history of the settlements
rurther.
In reviewing the whole subject, tho com
mitiee submit tne oitowing conciusiousi
l. Tne uoia r.xcnenge ana tne uoia .x
change Bank are creations of this country,
and this decade alone. All thdr operations
are founded on the difference between the
price of gold and of paper money. All the
foreign trade of the country, and Indeed all
transactions where the commodity Is pur
chased In one currency and gold In another,
require a purchase, loan, or sale of gold to
complete the transaction. To meet thU
lf Ulmat nocessltr of business, these Instl-
became thelnsTruments oi reckless specula
tion. The prominent bankers and merchants
wno testiued Derore toe committee were
nearlT unanimous in the ODlnlon that there
was no sufficient reason for the existence of
such Institutions that tbey were the source
of measureless evils, and ought to be de
stroyed. Tbe testimony of Wm. E. Dodge,
Br., expresses tne opinion oi tne committee,
and of many witnesses. Uo says In regsrd
to tne goia-roomi
"My opinion la that without that orgaoiatloo.
It would have been utterly Impotilbl to get
up th paste. Io th open .market no aueh ex
clUment can occur. In lha sold room, gold or
rather th ownership of gold, change bands
at flctltloua valuea. Man of aim oil no capital
boy and sell gold which tbey do not In reality
gold be hoarded or sold. It creates an artifi
cial Interference In tho business of tbe coun
try, and devolves upon the officers who man
ago It most delicate and difficult duties.
Tbe committee find that the custom
adopted by some of the national banks of
ce rui ring cneccs wmen ao not represent
cash deposits, and which If presented Imme
diately cannot be used, Is a dangerous and
pernicious practice, aod the mo of such
checks greatly aided tbe conspirators. It U
In evidence that one bauk. tbe Fourth Na
tional, certified thirty-nine million of dollars
of checks In the course of two days, and
with all Its cash reserve was unable to make
settlement, and only by large loans was saved
from breaking.
!L Tn roo-opil li. ITia rot al Ion nt nflra
ot the Government to the gold movement
too committee una mat ine wicxea ana
cunningly devised attempts of the conspir
ators to compromise tne rresiaeni oi ine
United States or his family uUerly foiled.
Mr. Corbln, using the opportunities which
his family relation! hip to the President af
forded, and under that worst form of hy
pocrisy which puts on the guise of religion
and patriotism, used all us arts to learn
somethlnir from the private conversations of
the President which could be made profita
ble to him and hi conspirator. But with
these and all the efforts of his associates the
W.XHIXCTOimTX no lirKBUIOXl.
IiTEtmt, Bivtsra flKctirrs resterdar
were $703,49-Ot.
Tbi ncsietATiON of Cspteln R. B. Hull.
of the 16th United States Infantry, has been
accepted.
Tm dxlboates from the National Tobae,
co Associatloo.whlcu has rooenlly concluded
Its session in New York city, are expected
here to-day to urge before Congress certain
measures recommended by the association.
It U understood that they are In faror of a
uniform tax on all kinds of manufactured
tobacco at 10 cents per pound of re-estab-
Ushlng the old bonded warehouse olass B,
and of famishing free stamps tor oertatq
classes of tobacco now on the market
showed Oorbln that hU duplicity was now Boston to San Frandtco, read disaster In
strongly suapectea, u not actually ais- every bow uuutuu.
Ing that they had In league with them the
chief officers of the Nstlonal Government.
Possessed q( tbese real and pretendid
powers the conspirators soon had at their
command an army or nroxeri aa corrupt as
themselves, thoughless powerful and daring.
Tbey opened an account for the "pool'
which ther stvled the national rold ao-
t count, hoping thus to strengthen the pre
tence tuat ou.cerv oi tno national uovcrn
tnent were Interested with them. They
Sadnslly pushed tbe price of gold from
K, where It stood on tbe morning of the
18th Beptcmber, no til oa the evening of
Wednesday, the 33d, ther held It firm
About the 13th of KthorSepfimber It be
come known In New York that within a few
days Secretary Bontwell would pass through
the city, and that he had acceptod ao Invi
tation to dine at the UolOn League Club.
It was noised about that the dtunert wag
gotten up by parties short of gold, who ex
pected to use the occasion to influence the
Secretary In favor of Increasing hU sales of
gold and breaking up tho supposed clique.
Mr. Gould became alarmed at the confident
manner In which Mr. Boutwell's Intentions
were spoken of, and solicitous aa to what
the effect might be on the Becrciary. He
called on Corbln and communicated his fear.
UU testimony shows that he distrusted Cor
bln's pretended Influence,
On the evening of the 17th of Septembei
It was agreed that Corbln should address a
letter to the President urging Urn not to In
terfere U the gold market by ordering or
permitting sales from tbe Treasury.
While Corbln was writing It Mr. Gonld
called upon FUk to furnish bis mol faithful
servant to carry the letter, W O. Chapln
was designated as the messenger, and earlv
on the following morning went to Mr. Cor-
oin's nouse ana receivea, u, togeiner wun a
'note to General Porter, He was Instructed
to proceed with all possible haste, tod tele
rrephFlssTsssoones the letter was detrv-
ered. Uo reached Pittsburg a Utile after
midnight and proceeding at once by carriage
tn Va.V.tnt - OAII.. Jl.i' . a-.l?.
ered the letter to- the Preeldent, and after'
ul.Uu4V,iuiBMKtq ir taera was any
answer. The President tnhl him tw .
no answer, and ha nurriod away to th aear
est telegraph office and sept to Mr, FUk this
dUpatchi Letter delivered all right?' and
then returned to New York
Mr. FUk appears to have Interpreted the
"all rlzht" of tbe dUpatch m aa anVjer u
lha doctrine of the Oorbln letter, and says ho
proceeaea in an enormous purcneses upon
that supposition. The relation of this letter
covered. It showed Gould that he had been
deceived by Corbln's representations, and
that a blow from th Treasury might fall
upon him at any hour.
In that Interview Corbln had tho advau
tsg, for bo had had time to mature a plan.
He seems to have determined by a new de
ception to save his credit with the President
and at the same time reap the preflt from
his speculation with Mr. Gould. Ue repre
sented to Gould the danger of allowing the
President any reason to believe that he
(CoTbUOwas engaged in specuUttoa,and
said he had prepared a letter to the Freel
dent dsnjlpg that he had any Interest In the
movement, direct or Indirect, end said that
he must send the letter by the first mall, but
that tn order to send It. It must be true. He
proposed therefore to Gould that they should
ssttle, the purchase of a million and a half
by Gould, paying to him the accrued profit,
which, as gold stood that night, would
amonnt to over 1100,000 In addition to the
$13,000 he had already received.
Gould was ufl willing either to refuse or
accept the proposition. Fearful on the one
hand, of losing his money, and on the other
of Incurring Corbln's hostility, he askod a
delay until morning, aod In tbe meantime
enjoined and maintained secrecy In regard
to the existence of the letter. The next
morning tbey met again, and concerning
this Interview their teatlmnnr dfuirB.
Corbln say that Gould offered Elm $100,000
on account If be would remain In the pool)
bat swears that by an heroic effort of virtue
on hU part, and urged by the entreaty of hU
wife, ho declined the offer.
Gonld went from Corbln's bouse to the
Office of the Erie railroad, still keeping Mrs.
Grant's letter a secret from FUk, Later In
the day he d,sclosod only enough of tbe
truth lo make FUk Jointly responsible for
whatever amount of money he should pay
to Corbln. Of this transaction, Mr. FUk
saysi
"Mr.OooM says to me, 'Old Oorbln feels
troubled aad nervosa about aome soldi ha
wants a hundred tboaaand dollar. Whoa
you tblak of UP Said J, 'If hewantathat
money to deal out to people, aad 11 will help
to atraogtheo our poaltlpit ta regard to thla
gold, we will give him oa hundred or two
hundred thouiaad.' Well, a aid he, do ta you
I'leaae.' I went Immediately aod get a cheek
or a hundred thouiaad dollars auj gave 11 to
Oould.wbo said h would aire tt loOorbla
that night."
Mr. Gould testifies that the check was
drawn, but neverpald to Corbln. Mr. FUk
knew only of Corbln's nervousness, bat
Gould koew far more. Ue says that Corbln
had deceived hint In pretending to possess
knowledge of tbe Piesldsol's purpose, aud
oT being la aor war able to. influence
them. lfr, Gould' plan appear
to have been that Mr, Flak and other hould
push on the work of buying and crowding op
tbe price or gold, but that he himself would
buy only enough to keep up appearances,
while be was quietly and rapidly selling as
large amounts as posAlble without exciting
the suspicions of his associates. Mr. Beldeo,
a former partner of FUk, became a ready
tool for the accomplUhment of this purpose.
Bringing with him a erowd of fresh brokers,
)ie went noisily Into the street, proclaiming
crerjwhere that gold wm going up much
higher, and gave unlimited orders to boy.
Early Thursday morning Belden brought
into his back office, Mr. Albert Bpeyers, and
Introduced him to FUk, Gonld and Smith,
telling him to take orders from Flsk, and
made the undoubted lmoreaalAn an Hinn
mlod that he was to act as broker of the
whole party. Armed with this authority,
aad In common with manr other hrrttroro.
Speyer proceeded to buy gold. UU first order
was, "Boy quickly, two millions," and a
few minutes later, Continue to buy."
When he hesitated he was told to go on and
bur without fear. Mr.ftMramn hAn.hi m.n.
miiiiAn. i:. : ""'"" rv,x.m"
a"""" iuuvi au viut r to put gold to !
In the meantime two force were prcpar- Ii"lf 2XiJhlZ W'" !'
WSW n I k,odolpreporUontotnmountthatebBu
noBtest, merely forth purpoe of specula Ilea.
Ther I no legitimate bola about It, and
th commerce of th country I obliged to
make acttlcmcntc at th currant rat or gold,
aaoordlngto th flctltloua prlccc eatabllahcd
by thoae gambleri. Uaaerupulona and Irre
spoBBlble mew, without a hundred dollar lo
the world, either lo gold or currency, buy aod
sell to the aalcnt of million, at flotlttoua
priooB, ant. ovory nurinini in ine uauiea
Coin
ao
testimony ha not elicited a word or an
of the Prealdent inconsistent with that
trlotlsm and Integrity which be El the Chief
Executive of the nation.
Even Mr. Gould, after all his eltemDt to
dUcovcr the purposes aod Influence the
opinions of tbe President, testifies as follows:
"I an tat lined that th Prtildeat has no vet
ha.l anv Mini.tllnn. rilraallar at InJiraiitlv.
with any1 of the movements thai bare be a
mad. Nothing vov ooeurred to
any of the lotervlewe that did not impreas
ma that th I'reildeat waa a very crave, high,
minded mant that If h wc satUOed what was
the belt thlBr.thatWBC what b would do.
MHy thaekalnaant U Wa there anything
aid or latlmatod atsnyoftheaa lotervlewe
to tbePreildent.or la lha Preildtot'i hear
ing, that would hay led him lo euppoa any
private purpoa or speculation or gain was
ought to be reached through th Inter
views, so far as you know I A. No, sir."
The following letter to tho Secretary of
tne Treasury exuoiis at onco too wisaom oi
tbe President's opinion and the prudence of
nis conduct in reierence to me goia move
ment. (Hero follows tho letter published la the
ItirrBLICAN yeeterdsy.)
The messas-e sent to Corbln when bis du
plicity was first suspected, aod th order
which laid the strontr hand of the Govern
ment nnon the eonsDlrator and broke their
power, ar the most significant declarations
.nan inn i-muiieni dbiu uu uiawu lunui
enemies of the credit ana Dullness or tne
country.
it is lmpoesiDie to say wqctuer tne cnarge
tbst Mrs. Grant was let re ted In tbe specu
lation In gold originated with FUk or Cor
bln, and tbe charge Is only made on the
hearsay testimony of Mr. FUk. no avers
that Corbln told him that $300,000 or tbe
gold that Gould was carrying for Corbln's
account was for Sirs. Grant, and that tbe
$33,000 profit paid to Corbln by Gould had
been forwarded to Mrs. Grant. This state
ment U denied by Corbln, and unsupported
by Gould. The committee required Mr.
Gould to produce the original check for th
$35,000, and Mr. Corbln to show what use
be made of It.
Tbe check was produced, aod Corbln pro
duced the account of the officers of tbe Bank
of America, showing that Immediately on ;
the receipt of ihe check Corbln paid It on a
debt which be owed to the bank. Corbln
swears that he never senior premised to
send, any money to Mrs. Grant or to any of
the President' family, and that he never
croTwaed to trive anv of them any Interest In
his gold speculation; aud Mr Gould swears
that he did not think any member of the
President's family had aoy knowledge of the
rrnM anafnlntlnn.
The pretencotof Mr. Flsk. that Horace
rortersecret
less. Flsk admitted that he knew nothing
on tne suDject except wnat uouia ana sor
bin had told him. Corbln swears positively
that he never proposed to Mr. Porter to take
any Interest In their speculation, aud never
toiarisK last no oaa any suca interest.
Alter BfBcarcuioK co.miuuuu. in wuicu jur.
Gould was asked If he koew of any officer of
tne uovernment wno was interested in mo
gold movement, he not only gave no Inti
mation tuat ur. i oner wa in any way con
nected with It, but hi testimony makes such
a conclusion Impossible. Moreover, It U In
evidence that Gould proposed to buy gold
for Mr. Porter and received from that worthy
officer a prompt and merited rebuke.
in regard to uenerai ziuttcrneia, it ap-
Ol
. . -. . . . .. I B.iau vi vravviiign v aw amount laiiiDinrn
was a movement iea oy jams urown, a I handa tath gold room lately, aaa maUavof
Scotch banker of New York, aod euDDorted
by many leading bankers and merchants.
The situation of All thoso whose legitimate
business required the pnrcbase of gold was
exceedingly critical, and the boldest of them,
under the lead of Brown, Joined the great
crowd of speculative bears, la desperate
effort to break down the conspiracy and put
down the price of gold by heavy sales. The
other was a movement at the national
capital- -
The President returned from Pennsylvania
to Washington on Thursday, tho 23J, and
that evening had a conversation with tbe
Secretary of the Treasury concerning tbe
condition of tbe gold market. The testi
mony of Mr. Bontwell shows that both tbe
President and himself concurred la the opin
ion that they should, If possible, avoid any
Interference on tbe part of tbe Government
In contests where both oarties were etruff-
jjllng for private gslni but both parties
agreea tnst u tno pneo oi coia inouia do
forced still higher, sou lo threaten a gen
eral financial panic. It would bo their duty
to Interfere aod protect the business lnUr
estsof tho country. Tho next morning the
firlce advanced rapidly, and telegrams poured
nto Washington from all parts of the coun
try, exhibiting the general alarm, and urging
the Government to Interfere, and If possible
prevent a financial crash. Soon after dsven
o'clock tbe Secretary called at the Executive
Mansion. Concerning that visit, Mr. Bout
well aay it
"The fieildcnt cxprriiei the opioids Im
mediately Ihtt w ought to cell fire millions.
Xexpreaaod Ihe opinion that we thou Id icll
tbrc nilUlooc, which X thought would be tuf
delta! for Ih pur pot. I returned almoal
Immediately without aattnr lo htm whether
I would order th sale of five million er of
tore miiiiop, ovot any omcr mm. except
that It was agreed that gold ehould b sold.
While rolne baak lamromeal aatn a tn lha
eoocluilou that I would sdvcrtla th sal of
lour million, ana immediately upon my re
turn to myoffle X dictated a diapalah, whleh
waa oopld by Mr.Bartlctt. mv short hand
writer, directing Uenerai Xluttordeld to give
notice that ba would eell four mllUoas of
gold, and buy four millions or bonde,"
The message was not In oroher. anJ them
was no attempt to keep it secret. It was
duplicated, and a copy scot over each of the
rival noes, ine one sent oy tbe Western
Union line was datod at tbe Treasury, 11.4 1
Washington time, and reaehed Gen. Butter
field al 12:10 New York lime. That sent
over Ihe Franklin line was dated at the
Treasury, 11143. and was delivered to Geo.
BuUerfield at la 03 New York time. The
actual time occupied In transmitting the dU
patch from Ihe Secretary to Gen. Butterfleld,
Including messenger travel at each end of
tbe line, was eight minutes; the same over
each llnei but To the branch office or the
tvceicra uuiuu company, Washington, there
was a delay .of dgbt minutes before tho
operator could get control or tne wire.
Tbe committee, after careful examination,
found no evidence that any officers or em
ployees of either company were unfaithful
to their duty tn reeerd to this dianateh. ita
content mar have been heard la some of
tne teicgrapa onues in New York, by out
side experts standing near tho Instruments,
aud thus the news may bare been known lu
the gold-room la advance of Its publication.
,.. .... , ..- . uu tUK( vm i nut con
clusive. A few minutes before noon, when
the excitement In the gold-room had risen to
a tempest, James Gould offered to eell one
million at 169, then another million at 101,
and then five millions more at 160, and tho
market broke. About ten mluutes after
wards the news came that the Treasury
?W '.1U Md thtt Drtk w" complete.
Within the space of fifteen minutes the price
fell rrora 160 to 133, and, la the language or
a witness, half of Wall street was Involved
lu rulQi
loaalatloB. Ua a return to anaela ntrmtnh.
thro would ba no neceailtv for a aold room or
gold exchange bask lath regular couracof
commerce, not .no iaat in mo worm; it migut
BSiat ior m tiraoaaat noro lamuiiflE oouao,
nothing elt. Tak th gold-room out of th
way, sad th eommcrt In gold will regulate
Itscir. I look upon th whol thing as a
( ambling operation. Such traotaotlona ought
a b placed entirely outald th pal of com
merce, Th law ought to treat It at gambling,
for that I what It la rambllnr In thi vtr
life blood of lh nation (In th currency of th
It U proper to add that the testimony of
Mr. Uodgskln gives tho strongest points
that have been presented In favor of thoso
Institutions.
a. The gold conspiracy has already been
sd fully exhibited that hut little more need
oe saia. it ctiomh tost iuo teuaeucy oi
gold was downward, and that the move
ment of tbe conspirators was wholly arti
ficial and unnatural, and that IU effects
were most disastrous lo the legitimate busi
ness of the country. It dealt a heavy blow
to our credit abroad, by shaking the faith of
foreign capitalists In the stability of our
trade aud tbe honesty of our people. At
homo Its effects extended far beyond the
drele of those who participated in lu Ono
failure created another, and hundred of
firms engaged In legitimate business wera
wholly ruined or severely crippled.
Importers of foreign goods were for many
days at the mercy of the gamblers, and suf
fered heavy losses. For many days tbe
business of tbe whole country was paralysed;
a vast volume of currency was drawn from
the irreat channels of lndustrr and held In
Ihe grasp of the conspirators. Hundreds of
active, ambitious men were lured from the
honest pursuit of wealth by tho delusive
vision of sudden fortune.
The effects of the panic are thus stated by
Mr. George Opdykej
"It produced sa lmprc taloa Sport th mer-
oaswi nu on unci at miuti no, umy in mia
country but all over th world, that we br
ar a aet of gamblera, and that ll le cot Bar to
enter into anr eontraeta with ua wbaa It 1b
foaaioi lor a imaii comDinaiion oi peeuia
nra to mononollte on bran ah of our cur
rency, ihe cole, which performs Its functlona
now aa well a it did before th auapcntloa of
pocie payment!, ao iat aa our lorcigo iraae is
aoaoarned. Th shock waa bo unlveraal. not
only la America but abroad, that our railroad
aad other ecurltles which before that had
bean selllar very freely on th continent, -racially
In Germany aod Holland, have sloe
found but little) market abroad."
The foundations of business morality were
shaken, aud lha numerous defalcations that
shortly followed are clearly traceable to the
mad spirit engendered by speculstlon. But
however strongly we may condemn the con
splrlors themselves, we cannot lose sight of
those causes which lie behind tbe actors
themselves and spring from our floancUl
condition. Tho conspiracy aud Its baneful
consequences must be set down as one of tbe
Items In tho great bill of costs which the
nation Is paying for the support of Its pre
sent machinery. For all purposes of Inter
nal trade cold Is not monev. but an article
oi rncrcnanaiao. unt ior an purposes or
foreign commerce It U only currency. So
long as we have twoelaodsrdsof value re
cognised by law, which may be made to vary
In respect to each other by artificial means.
so long wm speculation in tue price or gold
offer temptations too irreat to be resisted.
and so long will capital continue to be di
verted from enterprises which add to the
material weaita ana wm uo used in tnis
reckless gambling which rnlns tho great
majority of those who engage In it and en
dangers the business of the whole country.
Not the least amoog tbe evils which grow
out of tbe condition of our currency U the
necessity which makes tbe National Govern
meat a dealer la gold. Whether the surplus
Mora from the evidence that, durlnr
administration, the affair of tho sub-tress-
ury were mansgea wun vigor nu intelli
gence, and all tho publlo funds entrusted to
hU charge were faithfully accounted fbrv
It Is not conclusively proved that be was In
terested with the wmsplraior s' In raising the
price of gold, though, on this point, the
testimony Is conflicting.
The committee then quote testimony
which puts Butterfleld In at least a suspldous
aliunde,
The committee then eayt It U not proved
In the testimony that Gen. BulterQeld nsed
tue aispeunes ot tne secretary oi tne i reas-
nrr for his own profit before maklnir them
Dubllc. but it U la evidence that dnring th
last day of the panic, he frequently received
Important dispatches from tho Secretary,
and sent many to him In which he exhibited
tbe state of affairs In tbe gold market.
e
tlfl.11- ! .VI. .4.1 ..J.VIUt.f.U.
Ing, next lo the Secretary himself, the most
Important fioaaolal trust cooflded toany offi
cer of the United States, Generar Butterfleld
koew that whenever tho price of gold was
pushed down ono cent by the action of the
Treasury It would make him a profit of
tl.WU UU uia aauc tiuvuKu cuiuau awut.
When asked by the committee whether he
knew or any officer or tbe United States,
who was directly or Indirectly Interested In
Sold, be answered unqualifiedly in tne nega
vc. But, when afterwards con fronted with
tho testimony of Joseph Bellgmao, concern
ing his purchases of gold, he admitted. It
was true.
In conclusion, tho committee beg leave to
call attention to the valuable facts aod sntj.
gestlons on the financial situation of tbe
country, Krdatlon to gold and currency, aa
given Incidentally ta th testimony of Messrs.
Loa, Opdyke, Dodge, Yermllyea, Stuart and
Ilodgbklo, tho consideration of which cannot
properly form part of IhU report.
The committee recommend the adoption
of tbe following rcsoletloni:
Kfioftxtf, That the Commute of Way aod
Mean be lnatructed to report a bill levying
an oh a lax on th tranaaatloa of tk Gold
Lithane aod th Oold Kiekeage Ulearlag
Houi b!b tbelr judgment th Interest oi
th country absll require, ,
Rt9it4t Thai th Oommllto eo tk Ju
diciary be laatrueted to Inquire Into th z
riodleoey of report!; bill lo deOa aod pao
ah eoBBplreor agaiaBt tbocroJU of the Uatlod
State and thebuolaea of th people.
AVtororf. Thai th Committee oa Bank lag
sod Currency be lnatructed to Inquire whether
any further leglalatloa Is aetceaary to pre.
ventthcuie of oertintJ eheoke by th na
tloaatbanka, and that Uvey hay leave to re
port by bill or othorwiao.
Tns Comm tssiOMaor IiTia ax IIetevvi
has dedded to hold the papers relative to the
examination of Ihe Tlce meter subject to the
call of Congress. A thorough test has been
made under the supervision of th Commis
sioner, and tbe report now ready will be
submitted when called for As the adoption
of Tlce's meter was made alter an approval
by a committee of dUUnguUhed scientific
gentlemen, the teeU to bo submitted will be
subject to farther examination by the Con
grcsslonal Committee on Ways and Means
At iiat purported to be a railroad
meeting last night, Mr. T. C. Connolly,
Alderman from tbe Third ward, abandoned
the railroad question, and for some reason
that wo cannot expUln pitched Into the
nsrcBLiciir. We cannot recollect when we
"disparaged Ibo OlyCbiudU or endeavored
to excite for them the public contempt."
What strango hallucination Is thl undr
which our friend labors t TbttRiriTMfCiy,
It Is true, gives more thorough, complete
and correct reports of the City Council pro
ceedings than any other paper, but If the
publication of these fall and unrernUhod
reports throw contempt upon the uouncu wa
cannot conceive why we should be held re
sponsible. The remedy U la th hands of Mr. Con
nelly and his colleagues. We do not pretend
to dress up proceedings of publlo assemblies
to mako them appear brighter than they
really are. Mr. Connolly claims the ChronkU
as the special friend of the Councils. Why I
Is It because that paper falls every Tuesday
morning to publish reports of the proceed
ings tho previous evening. We were un
charitable enough to suppose It waa a lack
of enterprise on the part of oar cotemporaryj
but wo havo It now, aod are glad to an
nounce that the CAronlcIs docs not publUh,
Council proceedings, lest by so doing It
should throw contempt upon sold Councils.
But Mr. Connolly msy have another griev
ance. A week ago we failed to publish one
of LU many speeches on railroad matters.
ThU may account for tho sour milk In that
cocoanuU
Exousa OriRA. That ever delightful
gem of BeUe, the " Bohemian Girl," waa
produced at the National Theatre Ust eve
ning to a very good house. The absence of
the charming Parepa rendered tbe part of
Arllne a somewhat dangerous ono for a new
art It to to tbe public. MUs Uersee possesses
an aareeablo face and figure. Ur voice has
at.,h vreetne nut m , .nfl
hardly tnited for leading robs. Her acting,
however, U quite charming and easy, show
ing carefnl study and long experience- MUs
Fanny Stockton, the Glpsey Queen, la a con
Ira t to who has but few superiors on the stage,
but she has been suffering from a protracted
cold, aud we missed her voice. Uer dress
aud acting, however, was most charming.
The prominent rU of Count Arnheltn
was assumed Ust evening by Mr. G.TMlall,
of whom we regret we cannot speak with,
praise, nis voice Is not rich, and he Ucks
ease, while he Is unfortunate In being as
signed to a rob so closely Identlff&d with Mr.
Campbell, one of our best Umiicaw. Mr.
E. Segnln, as Devllshoof, a character with
which he U Identified, was a superb piece of
acting, and we can give him no higher
praise than that he U following in the foot
steps of his illustrious father. The Thad
deus of Mr. Castle was another of tho gems
of tho evening, and merits, as It received,
the highest encomiums. The minor parts
were well sustained, and the piece superbly
placed on tho stage. ThU erenfng we have
Parepa herself In Mozart's "Marriage of
Figaro," (Uochxelt.jamasUrplecejprodncM
here for the first time In English, aud as It U
one of that great composer's most beautiful
creations, we anticipate a crowded boose.
We were led Into an error la oar notice of
yesterday In representing Fanny Stockton aa
thers, contralto. It struck us at the time
that fAdf position was Mrs. Seguln, aod we
take pleasure In making: the correction
That was, however, not the only thing annoy
ing lu our notice. The t yjtoi made "hawk's
meat1 of a sentence, changing the punctua
tion, and making a profuse use of upper con
typo In a line quoted from ono of the arias
In "MarUana." But such things will happen
"la the best regulated families."
Wall's Ornu House. A full house
greeted Mr. Robert MeWade last night to
witness his second performance of Rip Van,
Winkle. The style of the gentleman U en
tirely original, while the manner In which
he U supported reflccU credit on tbe man
agement. Next week we shaM haro with us the
pretty, graceful and talented Chapman sis
ters, who, with the, facetious and unctuous
Bishop, will no doubt keep crowded au
diences In roars of laughter from the rise to
the fall of the curtain. These artuu come
to us under th maaagtmsnt of Mr John T.
Fashioxiblb Wcootvo. One of tho most
brllUaot assembUges which has graced a
wedding ceremony was that which gathered
at tbe rcsldencoof Peter M. Dabant, esq.,
yesterday morning to witness tho nuptlaU
of Mr. W Scott Smith, correspondent of
New York and Boston evening newspapers,
and MUs Annie U. Dabant, the beautiful
and accomplished daughter of the host. The
ceremony was performed by Rev. Father
Boyle, or Bt. Peters church. Tho brides
maids were Miss Smith, a sitter of the
groom, and Miss Brady, of Washington.
The groomsmen were Mr. C. E. Demon st
and Dr. J. O. Stanton.
Tne costumes of the bride and her atlcncs
anU were exceedingly neat and beautiful,
and were universally admired. Among thoso
present were President Grant, Vice Presi
dent Colfax, Secretaries Flab and Bout well,
Lt marquis do Chambrun, or tho Franca
Legation, Blaque Bsy, tbe TarkUh Minister,
Senator Howe and Mrs, Uowe, Senator Pom,
oroy and Mrs. Pomcroy, Judge Welker, of
Ohio, Hon. Mr. JudJ, of Illinois, Hon. Ur.
Smith, of Ohio, Hon. James Negley, Hon.
Job E. Stevenson, Uou, Leonard Myers, D.
B. French, esq., Tho. K. Lloyd, esq., Mrs.
W. B. Bhaw, Mrs. I. N. BuxriU, Mrs. Bodl,
Mrs. P. M. Dubaat, and many other ladies
of prominence In fashionable drcleij. Messrs.
L. A. Gob right, James, R. Young, F. A
Richardson, W W. Warden, G. W. Adams,
W. P. CdpeUnd, W. B. Shaw. I. N. Burrltt,
iM.W.Barr, Gen. II. Y, N. Boynton, C. S.
Ford, who, has hitherto fenestrated bU ( ;Ut
ability aod desire to plua. our crrfmualtr,
wbUo tbe iramMuw direction ar tno coin,
panj li undr Mrrlt. Clay Ford. W. be
pctk for them a hearty welcome.
Tin ncocusweetly afternoon reception
of Mr.. Grant yeitwlay u well attended.
Tho ladle, who ajibted Mr. Grant were
Mn. Puttenon, Mite ynillam.,. )IU Ttota
Sand., Mn. namlln.Mn: Powell, Mn. Dr.
Bharpe, Mn. Jadg. Dn Hn. Coleman, of
uamorma, ana uue iirowo. The erentoff
Following npon the nurrUge ceremony
the party gathered about the rlch!y-prea4
tablet In Ihe neighboring parlor., and tho
elegant rettlTillei her. .Horded the mat)
ocrarion for the ujlng of all tort, of (leu
ant thlogi, and many were the wtthta of
health and continued happlnctt to the twain
Jnst made one. Tbe bridal preaentt .were,
nnmeroM, Tancj, anu cosily, ana CXC1I
general aamirauon. -ine reception
tinned from one to three p. m.f and
in eoa-j,
at BsKJ"
reception, of the PniMent hare uen dls. "" ""TM wnple left for tonr NortU 4
continued for the .enson, but Mrs. (Irani w"' hearing wills them tho beH wliheV '
will continue to hold her nrtcrnoon recep- at '1' hnmerone circle of frlendt and.
lions. 1 lualnlonccei