The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-10-25

| SOS 600 on September g. Their interviews still
continued to be very frequent, morning and even
ing.
THAT BOUTWELL, DINNER AT DELaoNIco's.
In Sentember they discovered that number OF
bankers and brokers' who were supposed to be
very influential with Secretary boutwell,, had un-
! dertaken to bear the gold market on large SCALE
] After they had made enormous short sales, this
| combination sent one Of their number to escort
Mr.. Boutwell, to this city, ana arranged 10 give
him q handsome dinner at the Union League Club,
| where they exerted their utmost influence to In.
| duce him to sell gold.
| coRR1N cHRcKMATEs THB ''sH0RT" INTEREST.
| Learning of this movement, and in order to
checEmate it, Mr.. Corbin procured from General
| Grant letter TO be delivered to Mr.. Boutwell,,
neremptorily instructing him not to sell gold.
coRBIs pIsTRUsTs HIS OWN APPoINTEE.
This letter MIR. Corbin gave to General Butter
field, with instructions to denYer II 10 mr.. BOUT
having excited Mr.. COrbns suspicious that
General Butterfeld was playing him false, he pro-
posed to Mr.. Gould thatR safe message should be
sent to General Grant WITH d o.I iet1er I'll from 0{ MN
.fhis letter he read 10 Mr.. Gould, who thereupon
| sent William o. Chaplin TO washington, Pa, to de-
liver its Mr.. Corbln aiterwSTds received "a letter
which the wr:ter expressed great anxiety to have
| teese specuatiOns closed.
coRBIS WANTS TO GET OUT AT 141.
= When gold reached III Mr. Corbn informed
Mr.. Gould that he had just sent letter by mail to
General Grant, in which he told him that he was
ont of nil speculatlons either in gold or In bonds
| and that. as an impartial observer, he was de-
cidedly OF the opinion that II would be very dan
| gerous to sell gold. He then said that at the
present price OF gold there wo1ld ne aDout Sioo,
check for that sum, deducting S5O,000 loss on the
bonds so as to confirm his letter, although u was
written for effect. Mr.. Gould replied that II was
utterly impossible for Mr.. Corbin to be entirely
clear Of the speculation until all parties interest
ed had sold out; but consented 10 give MN
check for $780, 900 on account anu ne lCorOln SAID
that he would Immediately write prlvate ietier
| to the President explaining his real position, tne
other letter being intended for use in the Cabuet
meeting.
| GRANT couSTERMASps AN ORDER FOR THE SALE
| OF GOLD.
Some time before this Mr.. Corbin told Mr.. Gould
| that an order had been actually issued from tne
Treasury Department for the sale OF gold and tnat
| General Grant had counterlnanded 1t on receiving
| a letter from him relating to the subject.
THE OPERATIONS AT THE suB-TREAsURY-RE-
PORT OF JAY GoULDS ATTORNEY.
The following report Of Frederick a. Lane,
attorney Of Jay Could is now en- file in Mr..
NEW YORK, October II.
Jdu could, ESQ.-DEAR SIR: by your request
and acting ms YOUR attorney, called on General
Butterfeld Sub.Treasurer, at his office, on Satur-
day. 25th day OF September last. STATED to Gene
raj Buttered that had called In reference to the
one million and half dollars OF gold he had In the
pool, which, with commission and interest, stood
| In about l40 per cent. ! told him that ne must
| either put up more margins or take up the gold
entirely, or it would be sold out for his account
| and in his name.
The General replied that tn ere was some mis-
understanding II you bought for him; and while
he did not admit his legal liability for tney dld
not have his signature to anything, nor did they
! lave a scrap OF paper in his handwritng,l yet
whatever his friends had done for him he lelt IN
honor bound to stand up to, and he would 10 So
| Il beg leave to state that the Genera must eH-
cuse inc from giving his exact words, as his con-
versation was so interlarded with profanity tnat
! no gentleman would repeat it, He said ne had
given orders to sell out his interest In the pool
some days before, and that ne thougnt rthat oi9
gray ay-headed fellow" would play them false anu
sell them all out If they did not look out. He
asked me if l had seen Corbin up there, ana
added:
"They had better keep an eye on him."
| He asked where Mr.. Gould was, and whether he
| could see him II he went to his house that even
ing He said he wanted him (Gould) to under.
stand that he never backed out, and that he would
wonld not hAXe seld o', thsk lev that @A had
mllll3n tnar ne mad been In speculation
for another two hundred thousand donars g0iu,
and that had drained him OF all MS lqnos; ina.
he wanted to leave the matter to his 1rlend
| Tweed, but that he was ready to do anytmng ne
could. He was very much agltated, anu sald
that it was not his fault that the telegram got OUT
so quick; that when he received Il ne smoweI o.bar
parties In the room. He showed me MS !etler
hook containing copies OF his letters TO Mr.. Bout
we'll and read me q letter when ne nad Written
to him in reference to the sales on Friday 24th ul
tir1o. .t
He added that there need be no great uneasl-
ness about the matter, for the price ol goiu Was
not going down, and the loss could not oe VeIy
great ANYHOW, and whatever 1t was he would pay
it some time then telegraphed you as lonoWs:
ale is alarmed. Says if you bought Tor hlm IL
must have been misunderstanding, but tnat you
should be protected to the utmost oi is IUl. ~
| that it is impossible for him to DO anything TO-
day. and wants TO see you. told MIN that was
inlnossible that had full power and must nave
margins, or lie must take The gold up. Woulu
consider and return III l"en'y niihu'e' i'i iu'
ther conversation" 49,,
did can in about twenty minutes: he then
said in order TO show Mr.. Gould that he was III
earnest, he would give him check on @ account a,d
that day He said that he did not have on han9
more than four or five thousand dollars put wouId
do what he could. AS my orders from you were
peremptory to make him give margins or take
up the gold, or have II soiu ashea q, ,'i ,ynuIG III
would make 1t matter OF honor, ana Ii l woulu
| take the responsibility OF not selling MN out,
would he without fail give me check lor al ieasl
$40 600 by three O'Clock, and more on Monday,
and agree to mortgage his real estate LOT any Da-
ance to be found due on the lralsac'iohs WHICH
they were closed? He replied
.Yes. will, on my honor as man, give you
check for at least SlO,OOO DcloEe z'oo oGlocH W
day, and mortgag the very roof over my heaulo
| the balance -. .,, ~
said | would come in about o'clock, as
wanted to cet up town before 8; he asked me TO
make IL as late as possible for there were so
many around that it might be regarded with sus-
melon II | came there. then telegraphed you as
| follows: -. .o,e ,,o.,.
"IIe will hand me check on account at hall-past
| Q: more on Monday, and mortgage ms mousse ior
balance Am on my way up 10 give particulars 81 81
| as to get back to him at appointed Time"
| In the afternoon when called, ABOUT twenty
minutes past O'Clock, found General Butter
| field with his hat on ready togo out. lie told me
| that his wife was very i'll, that ne mad Just had
| had a message from her to come up IN tne 8
O'Clock train, and that he would be back on sum
day night, and would see YOU tnen asked MN
the morning as to the $4,000, and II he thought
| that was behaving like man. anu 10 remember
| what sort OF position 1t placed me IN Win my
clients. He then replied: .,,o.
"Well | will show you why could not pay that
ten thousand. My father Tor father-in'lawl mas
drawn on me as executor tnls n9rLing fc IOf JusI
| that amount. and 1t has taken all couid raise:
conid not lot that 90 TO protest. But you tell Mr.
Gould tsat will pay all that is due, and lie shall
not lose by me-" H., -, o,.oo,,.or
He then called for the draft on him as executor,
| and showed 1t TO me, adding: 100
.sWhy. have forty millions OF gold right hero,
but can't take that TO make up my losses, ami
Mr.. Gould would not want me TO- ...
| walked M with the General as lar as my
| down.fown office and he said lie thought he would
| stop and see Mr.. Gould OH his way up 10 tne cars;
the following week again called upon Geherai
Rntterfeld Mt YOUR request, and had further con-
yersation with him. in which he stated that as 10
his taking a million and one-hail OF God, OF even
a million' it was absolutely impossible. lie nad
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