The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-10-28
THE GOLD RING.

No Answer from Washington-The Situation
Unchnnged-Rnmors and CONFERENCE.-The
Reticence of solicitor BanncId-The Grand
Jury Witnesses-SmaIl Results Expected
from the Investigation.
IL was very generally thought In Wall street that
the successor to General Butterneld would be an
nounced by telegraph authoritatively from Washing
ton yesterday and that clue wouid be given TO
the intentions or the administration regarding the
investigation OF the Assistant Treasurer's
case. Not line, however. either by mail
or telegraph, was received at the Sub-Treasury
as TO the course the government medtated.
and General Butterhed remained in undisturbed
possession OF his office throughout the day, signing
scores OF gold certificates and apparently uncon-
cerned about the consequences threatened by the
combination against him If he had never listened
10 aught bat Homeric verses In his ealogy. Strange
conjectures were made to the motive OF withhold
ing reply TO the Generals letter OF resignation.
Jay Gould, Fisk & Co., who seem 10 be
the principal witnesses against the Assistant
Treasurer, declare they have no scrap OF
proof in writing to implicate him, and have really
nothing beyond their own unsupported statements
to maintain the charges they have recklessly
advanced. Some people begin to think that the
administration has reconsidered It's action in asking
General Butter1eld for explanation, and that II
the precedent be established OF calling on every
government offlcer against whom accusatory criti-
csm Is aimed through the columns OF inimica news
papers to show cause why he should undergo the
ordeal OF oniclal investigation, there VIII be end
to the number of designations and no
limit to the ISLANDERS or partisan enmlty.
Solicitor Banhed, since his arrival, has observed
wise reticense which has shown itself proof even
against the assaults OF the ubiquitous interviewer
TO whom the distinguished foreign prelate OF Norre
Dame was forced TO succumb. The Solicitor has
revealed none OF his intentions, II he had any,
OF a serious character aud the reports about mis-
coming to adjudicate the OF General Butterheld
have no foundation, so far az any action taken by
Mr.. Banhed is concerned. He has done nothing up
to this but deliver q brief me sage to the
Assistant Treasurer the response TO which
has already been made, but from which,
as yet, material results have followed.
The anxiety TO get hold OF General Buter1eld's let
ter OF resignation was very great among the active
and ardent chronclers of the press throughout the
whole OF Tuesday. The writer OF the lie ter, how
ever deemed it the part OF prudence TO withhold 1t
from the anxious solicitors as he desired that moth
ing on his part should be construed into giving the
impression he was making an effort to forestall pub
lie opinion. The letter itself Is not of any
particular importance after the fact Is mentioned
that IL simply contained the resignation OF General
Butterneld The latter is prepared to give all the
correspondence to the press the instant the admin
straton signifies its pleasure 10 that effect Under
present circumstances Its publication IS deemed
slightly premature.
The Grand Jury were again in session yesterday.
and the ane-room as before was the rendezvous for
a gathering OF wealthy and facetlous Witnesses.
The usher III the uness of his generous SOUL kindly
permitted smoking and placed no embargo on the
| harmless interchange OF Jokes. The appearance OF
| the jolly gentlemen present was little unlike the
| preliminary stage OF primary meeting, minus the
| liquid stimulators and the inevitable bar
Shaking or the weight OF monetary concerns the
| ruddy and rotund Colgate entered the ante-room,
and relieving the end Of his cigar o. a superincum.
with the ardor OF a college youth. The fun all con-
cerned the Grand Jury farce in the adjoining room,
and to one acquainted with the slang OF the Gold
Exchange 1t was something downright amusing
| Cigar stock was sold 'long" and 'short' by
| turns, and the genuine Havana went relatively
| higher than ever did Central Erie. Lock-.
| wood, though he relished some OF the Jokes,
showed decided Impotence at the length OF time he
| was kept waiting. Catherwood, CorbIn onn. law
| was the Dogenc philosopher of the company, and
expressed MS chief desire to be that Colgate would
cease disturbing the column OF smoke that assembled
| from mis- Partaga cigar Banker, OF the Bank OF
Commerce, tall young man with an amber
bubbling humor knew no sense. OF exhaustion.
| distinguished auditory with "reminiscences Of
Wall street, and Norvell disengaging himself
| Colgate. Lounsebnry, good sample OF the Gold
| Room practitioners. strong lunged and Keen as q
| Cassius ike, gave his thoughts no tongue but
wrapt himself round IN mantle OF meditation and
| caturng his fellow witnesses. The following were
| xamlned:-Lockwood Colgate, Lane, Gather
| WOOD, LouuseDury, BANKER, howe ana Belden.
| Catherwood was only about quarter OF
1 an hour before the jury. The examination
| OF Beden the most lengthy. The upshot of the
whole proceedings 1t is believed by persons compe-
tent to judge, Will be in The expression OF an opinion
by the Grand Jury that usury mas been extensively
practIsed III Wall street IN defiance OF express sta
| tutes, and suggesting some general remedial mea-
sures Tor the evil. That Fisk, Could CorpIn or any
body else connected with the ring will be indicted
| as the public hoped, seems to be secuted as a silly
expectation and therefore IL Is that 1t may not be
Inappropriate to ask what real object has the Grand
| jury IN view ia carrying on this investigation.