The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-10-18
UNMASKED.
How the NewtYOrk Ring tInde their Millions
7cicgrnms Captured by the Clique.
The n. z Sun publishes this morning the follow

How the NewtYork Ring Made their Millions
7cicgrnms Captured by the Clique.
The n. Y. san publishes this morning the follow
ing:-
eliminated, and the gold clique retired with only
partial success, General Butterfed learned that
somewhere in New York or Washington or from
some intermediate point, the telegraph wires were
leaking news which the Wall street gold and stock
combinations were using to their exclusive adVan-
e Re aSe se # 9s
rer's room of the Treasury building
during the most eventfu hours OF that
eventful panic day; around him, in painful suspense
were gathered nearly score of Wall street rulers
the most of whom expected, yet did not hope for the
fatal despatch from Secretary Boutwell, TO the As
sstant Treasurer directing him to sell gold. Two
preliminary dispatches had passed over the wires
one by one companys line the other over different
rOute-at 1890 A. NJ These were an inquiry from
the Secretary on the situation and General Butter
fields reply.
several of the heaviest operating houses repre-
sentng person from each OF them, was attending
the voluntary meeting in that southwestern room OF
the Treasury building When the fatal despatch did
come, and while the ragged bearer Of it was still
before General Buttereds table, one OF the heaviest
street operators entered the door with the announce
ment that gold was selling down to 1872. 1t had
been vibrating between 160 and 162 for the previous
ten minutes. While the news of the Depressed prce
was being spoken, General Butterheld opened the
telegram and read 1t aloud. The order 20 sell four
millions of gold was known on Wall street ten TO
twenty-five minutes before General Butterteld saw
he contents of the order.
The gold clique only knew of its receipt and the
Kings among Ineu ulau6 no delay III getting into
safe quarters, after disposng first Of many millions
OF their load 1t has been asCerancd that the Frank
lin Telegraph Co. g wires were tapped either outside
of the city, or from some roof-top inside the CITY,
and that the news used TO the advantage of GER
tain operators. When the news reached the Frank
lin Office here, an expert OPERATOR accustomed to
the sounds of that instrument, wrote the despatch
fast as delivered, ana when done sent it to the
headquarters OF the ring. The same thing was re-
peated last week on the occasion Of General Butter
1elds selling the Sl000,O00 of gold at the stated
weekly sale. This time it availed them nothing for
the Assistant Treasurer referred all the proposals TO
Secretary Boutwell, for decision He suggested a
cipher system TO the Secretary on the 27th of Sep
tember, which was approved, and q cipher is to be
employed hereafter in all trivial as well as in all inn
portant communications by telegraph. The last
tapping was not done by the great gold-poOl com
binaion, as they had no use for any such infor.
nation
The Panic Not Yet Ended.
The N. y. Times closes long article exposing the
operations OF this same gold clique, as follows:-.
In closing we may safely state that the panic is
not over; that its effects are reaching out further
and further. There are railroad stocks involved
owners OF which may do well to stand from under
There are dividends soon due on stock and scrip
which will lag in arrears for payment. But the
further the investigation proceeds the more fully
and concuslyey viii it be demonstrated that all the
weak charges and assertions OF the completely OF
any Government officials with the gold ring were
wholly, supremely false and malicious