The Lancaster ledger. [volume] (Lancaster, S.C.) 1852-1905, 1869-11-04
The Gold Rimg---Latest Deyel.
Opment.

Opment.
We have published several state
mcnts from various New York pa
pers, IN reference to the complicitypf
certain of the officials of the Admin
lstration with the late "gold ring"
and movement. The New York
World contains the following srnn-
mary of the controversy:
"lf Mr.. Jay Gould has made aase
statements, it is possible to pf1e
them false. Until such proof is far
nishcd, the recent gold speculation
must seem to the public to be brought
Scandalously near the doors of the
President. The evidence of hisSatn-
phcity is not conclusive : hut unless
Mr.. Gould'S crcdibility can be shaken
| and destroyed, the President must
stand before the country in most
uncnviablo light. Mr.. Gould does
not deal i'll vague assertions. His
statements are definite and specific,
giving names, dates, and circum-
| stances; and therefore admitting of
easy disproof, if they arc not found
ed upon facts. Until his credit az u
witness is successfully impcachcd the
transactions must have very ugly
look. Mr.. Gould asserts:
81. That his intimacy with MIR.
Corbin, Gen. Grants brothcv-iuSay.
has been close and cor.iIcnSf I'll
that, during the summer, their nrSat-
ings and interviews were almost
daily.
-. That Gen. Buttcriicld was APP
pointed Assistant Treasurer by Mr..
Corblns influence and with view
to favor his SpcculationS: that it was
1T first intended that Cathcrwood,
Corhin's son-in-law, should be Assis-
tant Treasurer, but it was thought
that this appointment would be at
tended with too much danger. and
CathcrwO0d WAS bought off by Il
promise Of Onc-fOurth of the profits
made by Corbin- and Could. But
trr!icld was pitched upon rs a man
well calculated to cloak the cuutcm-
plated speculation.
"3. That Gen. Grant advanced to
Corbin $40, 900 or Sl2 GOO, to hc used
aS margin in a speculation in bonds,
and that COrhin'~ brokers purchased
$500, 900 worth of bonds, to he ear
ricd with this margin on account of
the President.
81. That Nr. Could had personal
interview with the President in the
summer. AT Corbiu's house, in which
the President told Gould that 20 gold
would be sold before the lst Of No
vcmbCr, beyond the regular monthly
A., ,ooo, 600, and that this information
was the basis Of the speculation.
"5. That Mrs. Grant was in the
speculation $500, 900 of gold having
been purchased on her account at
1872, which WAS sold when the price
had risen TO 1877. and the profit.
amounting TO S25 900, was rcmittcd
to her.
"6. That when Secretary Boutwell,
had decided to sell gold and break
down the speculation. the President
gave apcrcpptoyy o,dc- TO B1mtrcll
forbidarng the Sale, and that = or
der was given at the instigaGon Of
'Orbln.
-. That the final order for the
sale of gold was not given until after
Corbin had represented to the Pres
idcnt that he was out of the spccula-
ton"
The New York E,pTs$s says: "If
Mr.. Gould il not romancing, lie tells
a story concerning the recent gold
spcculationS in Wall street which, to
say the least of it, is singularly in
consistent with the Presidents recent
letter 70 Mr.. Bonner. These devcl-
opmcnts are very damaging and very
disgraccful ~ they stand, and ifanv-
body can show that Mr.. Gould has
been drawing ON his Imagination for
his facts, the sooner the task is en-
tered upon, the better for all'con-
ccrncd."