Democratic enquirer. [volume] (M'arthur, Vinton County, Ohio) 1867-1873, 1869-11-03
Z [From the, New York Sun, October 1871
WALL STREET UNMAsKED.

1 L III
How the Gold Ring Made Their Mil
lions---The kilograms Between
General Butterfeld and Secretary
Boutwell, Captured by the Clique.
On the oath ultimo, the day
when the gold panic culmina-
ted, and the gold clique retired
with only partial success, Gen.
eral Butterfeld learned that
somewhere in New York OF
Washington, or from some in
termediate point, the telegraph
wires were leaking news which
the Wall street gold and stock
combinations were using to
their exclusive advantage
General Butterfeld was seated
at his little table in the Assist
ant Treasurer's room at the
Treasury building during the
most eventful hours of that
eventful panic day; around him,
in painful suspense, were gath
cred nearly a score Of Wall
street rulers, the most of whom
expected, vet did not hope for,
the fatal dispatch from Secreta-
ry Boutwell, to the Assistant
Treasurer directing him to sell
gold. Two preliminary dis
patches had passed over the
wires-one by one. company's
line, the other over a different
route-at 1890 A. M. These
were an inquiry from the Sec
retary on the situation, and
General Butter6eld's reply. =.
immediately afterward' one
partner from each Of several of
the heaviest operating houses,
or a representing person from
each of them, was attending the
voluntary meeting in that south.
western room of the Treasury
Building. When the fatal dis
patch did come, and while the
ragged bearer of it was still be-
fore General Butterfeld's table,
one of the heaviest street oper-
ators entered the door with the
announcement that gold was
selling down to 1S2. 1t had
been vibrating between 100
and 162 for the previous ten
minutes. While the news Of
the depressed price was being
spoken, General Butterfeld
opened the telegram, and read
it aloud. The order to sell four
millions Of gold was known on
Wall street ten to twenty-five
minutes before General Butter
field saw the contents of the
order. .u ..t........
The gold clique only knew of
its receipt, and the kings among
them made no delay in getting
into safe quarters, after dispos-
ing first of many millions of
their load, 1t has been ascer-
tanned that the Franklin Tele-
graph Company's wires were
tapped, either outside. of the
city or from some rooftop in
Side the city, and that the news
was used to the advantage of
certain operators. When the
news reached the Franklin Of
fee, here, an expert operator,
accustomed to the sounds of
that instrument, wrote the dis
patch as fast as delivered, and
when done sent it to the head
quarters of the ring. The
same thing was repeated last
week on the occasion of Gener-
al Butterfeld's selling the ST.
100000 Of gold at the stated
weekly sale, This time it avail
ed them nothing, for the As
sistant Treasurer referred all
the proposals to Secretary Bout
well for decisions. He suggest
ed a cipher system to the Sec
retary on the 9th of Septem-
ber which was approved, and
q cipher is to be employed
hereafter in all trivial as well as
in all important communica-
tons by telegraph. The last
tapping was not done by the
great gold pool combination, as
they had no use for any such
information. ef or soooe.
German Names for Beer.
I Some Of the German names
for haa, o,,f como of ;ts rd;stino-