New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-10-25
THE CASE OF BUTTERFIELD.

The case of Gen. Buttcrtield is distinct
matter He Is charged with completely in the operations
OF the Ring both during the gold and during their
previous spcculations In Government bonds. We have
already alluded TO the circumstances OF his appointment
and shown that the Ring counted upon making Of
him. Corbln according 30 Mr. Gould represented him
s8f "a having induced the President to give Buterted
the subTreasury-th may observe that there is
no proof that he did and IL is qe likely that he
may obtained early information Of Grants intention
make tho appointment and turned this knowledge to
shrewd account At any rate Buterled appears. II Mr..
Jay Gould tells the truth, To have been concerned with
Gould. Corbin. and Catherwood in the Sl7OOOOo bond
speculation and when tho conspirators were meeting
daily at Corbns house 20 plan the great gold pool Gen.
Butteraed-so they say-was occasionally present A
reporter OF The Suh called uponIMr Gould the other day
aud asked:
Did you ask Mr. Butterned to sell you the Treasury
Mr. Gould-My answer to that Is this check. handing
the reporter check, Of which the following ~ COPY
Continental National Bank Pay to the order OF Jay
Gould ten thousand dollars.
$1,000. SMITH, GOULD. MARTIN & Co.
This was ndorscd;
Pay Daniel Butterneld, or order
And Reimbursed: Daniel Butterned."
REPoETERThe Times nsnuates that the check paid TO
Mr.. Butterhcd was money borrowed and loaned In an
open and fair way for private and real estate purposes
Mr. COULDN'T Butternold never asked me to loan him
any money for private or real estate purposes meyer
Mr. ButtCricld until no was Introduced 10 me by Mr.
more important piece of evidence however, is furn
ished by the following report Of Frederick A. Lane, ator
ney Of Jay Gould:
JAY GOULD ESQ: Dear Sir: by your request, and act
ing AS your attorney | called Gen. Buttcrleld Sub
Treasurer at his oceson Saturday 25h day OF septem
Der last stated TO Gen. Butterned that had called in
had In the pool which, with commission and interest,
stood in about 40 per cent. told him he must either
would be sold out for his account aud IN his name.
The General replied that there was some misnndor-
standing If you bought for him. aud while he did not
admit his legal liability for they did not have his sigma
tqre to nor ana they nave scrap ., paper IN
him he felt In hoDorbO to stand up to- and he would
Il beg leave 10 state that the General must excuse
me from giving his exact words, his conversation
SO Inerarded with profanity that gentleman would
interest In the pool days before and that he thought
that old gayheaded fellow" would play them false aud
sell them all out IL they did not look out lie asked
had seen COrbIn up there, and added
asked S Mr. Keep on and Whether he could
hun II he went 20 ms house that evening He SAID he
wanted him Could to understand that ho never backed
ont ana that he would take up the gold or put mp
gins on Monday II would not have II sold out that day
that he had 81 1000 worth OF real estate but ready
money; that he had been in speculation for another
100000 gold and that had drained him OF all his funds
that he wanted 10 leave the matter 10 his friend Tweed
but that he was ready to do anything he could He was
very much agltaed, and sand that IL not his fault
that the telegram got out 80 quick that hen ne recred
otsr nGrtiss IN ne room lie showed me his etterbook
containing copies Of his letters Mr. Boutwell, and read
me letter which he had written To him IN reference
the sales on Friday, oath ult
He added that there need be great uneaness about
the matter for the price Of gold going down. and
the loss could not be very great anyhow and whatever
was would pay 10 some time. then teegraphed you
as follows:
He is alarmed ssysn you bought for him, have been
bot that should be protected the
ability; impossible for him TO DO anything to-day
told him that mpossbe that bad full power
margin be must take the gold up soud consider and
In 20 minutes for further eonyeTsaneh.
aid call In about 20 minutes he then said, In order to
an Mr. Qiv
him check on account that day. He said that he did
not have hand more than 900 5000 but would do
what he could As my orders from you perempory
10 make him give margins take mp the god or have t
sold asked him II he would make t matter OF honor
and If would take the responsibility OF not selling him
out would he without fall, give check for at least
900 by o'clock and more Monday, and agree 10
mortgage his real ettao for balance 10 be found
on the transactions when they closed He replied
eyes. Will. on lay honor as man. give you check