Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-10-15
The Resuits---TerrihIe Aglny and
Heavy Losses.
Abel Ratsbane COrhin's Participa-
tiOn in the Affair Of Friday.
A History Of this Ratsbane, and
How he Sold Grant a House.
An Old, Artful and SactimOniOus
DOdger Caught.


eaten by rats, IL now appears was cause:
by heavy losses in the New York Central
which so preyod upon his mind that h,
became tired of life. For years back. by
industry and perseverance,, Mitchell hal
accumulated property valued at $500 600
and IL was only during the recent excite
/ ment that he entered upon Wall street
/ speeuiations with John Morrissev and
| others, who also lost heavily, but had be.
/ come accustomed TO the ups and downs
which accompany stock speeuIations.
/ Corbin, President Grants brother-in-
/ law, is now really sick, consequent upon
the intense excitement following the ex-
| pose of the last few days. Great fears are
| entertained Of his recovery Rumors
about Gen. Butteriield, the Sub-Treasu-
rer, are dying about wildly through the
streets, and he is said to be the only man
in the ring who really has made any mon
ey, owing TO a timely disposition of his
share previous TO the break of the market
BY his chief A committee has left for
Washington to urge his removal; and
Grant Will no doubt be compelled to make
the uhange-with the example of Chan
cellorsville before him, where Gen. But
tertield, it WAS reported, would permit
no dispatch to leave the field until he
made good his gold sales, The last but
not the least Ofthe Important results Of
the panic is, that Peter b. Sweeny anu
Wm. IL. Tweed, the Tammany leaders.
are ready to break with the Erie ring, ow-
ing TO the combinations which have come
to light between Fisk and Gould and
prominent Republican Treasury officials.
At the annual meeting of the Erie Road
Directors, TO be held tomorrow, Swesnv
and Tweed viii probably resign, aud the
result will be that at the next session Of
the Legislature all acts passed last winter
favorable 70 the Erie viii be repealed.
The Democrats will certainly carry the
state with heavy majority, and the Erie
will then be taken care of for playing in
to the hands OF Republican officials.
NEW YORK, October ll.-DOcuments
were printed to-day, showing that Corbin
was once Clerk II the C6mmittee on
Claims, and while there hlaekmaiIed Mr.
Samuel Lawrence, woOlen manufacturer
of Massachusetts, out of one thousand
dollars. The House Of Representatives
ordered an investigation, and COrbin was
compelled TO resign.
The documents are made nm from tI,a
report of the committee in Is5E. When
Congress was about ieYying heavy tax
on WHISKY, soFuIn was among the first to
learn the purpose of the Finance Commit
tee, and, fully approaching the value of
the information, at once cast about him
Tor opportunities 70 proAt by it. About
tins tln2 .i6 visited New HOrS with his
Phelps, then member Of Congress- from
Missouri, and hy him waa introduced to
Mr. Phelps hrother-in-laW, Mr.. Amos r.
Emo, prominent merchant OF this CITY
and through Messrs. Phelps and Emo Sc
cured valuable acquaintance in financial
and mercantile circles in the metropolis.
Having accomplished this purpose. bis
next step was to combine his COngression-
al information WITH his financial and mer-
a a. 4
tive scheme, out of which ne made a laTga
sum ofmoney.
Srhe dOculReRt contains the following:
when Uorbin determined to change his
base of operai ions from Washington to
New YORK, he at once put his elegant
mansion in the former city in the market
for sale, but for a number OF months was
unable TO find a purchaser at any price.
Indeed, though one Of the most 3pactou5
and elegant dwellings, IN Washington, its
location was undesirable, and, at the time
of It's otter, C0rhin was unable TO dispose
OF it. At last he approached Gen. Grant
with proposition, but Grant urged that
tho value of the house was beyor6 ans
means, and declined 20 beeanIe a pur-
chaser. Nothing 1aaated hSthis refusal,
COrbin Auated up Gen. W. s. HillYer,
whose personal relations To the then Gem
eral were of the closest nature, and 70 MIN
renewed the proposal,
"The proposition he made through Gen.
Hillyer was certainly most inviting one.
He would sell the place to Gen. Grant for
thirty thousand dollars, and would leave
the whole amount in bond and mortgage
on the house TOR ten years, with interest
at five per cent, and If any time during
tho ten years Gen. Grant should become
sick of his bargain, Corbin would agree to
surrender the bond and mortgage and 70
ceive the place back. Al this Time Gen.
Grant was paying two thousand dollars
I sa4 rent fdr house, while this arrange
ment would give him a better house at
only one thousand five hundred dollars
rent. Still the General hesitated, 1t Waa,
he insisted, too much nl0ney for him
TO put IN & house. At this point
Cprbin suggested to Hillyer that If
Grant would F5uy the house the Lub
lie would quickly help him pay for ii,
and pointed out the obligations the M
ton rested under tc tAe cOnQueror of the
rebellion, ana added: 'Yoh see Grant
again, and get him to take the house, amt
then we Will 90 TO New York and raise "a
fund to pay for It, Hillyer went to Grant
with this suggestion and found no dilfi-
Guilty in inducing the General 10 accept
the proposition, il being distinctly under
stood that Corbin would interest himself
in raising testimonial that would enable
. ~ ~ Sc ~ EAoitttAtAO pay lnt NiOIt-
gage. When these pFellminaries were ar
ranged IL was found necessary to come 10
New York to execute the papers, and Gen.
Grant announced his intention 30 be ia
the city dnripg tae next week, when the
papers could be executed and exchanged,
Hscame, according TO appointment, and
stopped at the Metropolitan Hotel, where
he was at once hesieged by crowd of Wis
itOrs. who would not be shaken of, ID-
deed, so great was the rush to see the hera
OF the war, that 1t was found necessary To
go elsewhere TO transact tho appointed
business. Accordingly, an evening was
SGT When al interested should meet at Mr..
Oorbin's house, on Twsnty-saventh street.
and close the transaction. At the an
pointed time there assembled at Mr.. Cor
bins parlors the following company:
Gen. U. ). Grant, Mr.. Abel r. Corbin, and
Mrs. Corbin, (since deceasedl, Mr. l., 4.
Mathers, attorney for Mr.. Corhin, Gen.
A. ,. HillYer, attorney for Gen. Grant,
4udge Clark, of the Supreme Court, (bv
invitation, to take the necessary acknowl-
edgments), and Mr.. Amos h. Emo. as
witness to the paper. The papers having
Feen previously drawn and mutually ex-
an. ned by the attorneys of the two cor
traeting parties, were now formally read,
signed, sealed and delivered, and Gen
Grant became the owner in fee simple,
and absolute of the Washington mansion,
and MIR. Corbin became the pessessOr of a
mortgage upon the same for $1,000, with
interest at five per cent. Within a very
few days after these occurrences, n o0m-
mittee Of prominent gentlemen of wealth
assemhled in private room at the Fifth
Avenue Hotel, on the invitation of Mr..
Amos r. Emo, to consider the propriety of
making testimonial presentation to Gen.
Grant. Who composed that company, or
all that was said and done at that meet
ing, It Is unnecessary now to rehearse.
It viii be sufficient to say that Mr.. Abel
X. Corbin was not present; but Mr.. A. r.
Emo was present, and was the leading
spirit of the meeting. When it was
urged by prominent merchant, Presi-
dent Grants subsequent choice for
Secretary of the Treasury, that
the Government should reward
Gen. Grant as the British Government
had rewarded the Duke of Wellington,
and that individuals ought not to be called
upon for contributions to such a tsstimo-
NAL, Mr.. Emo assented to that proposition,
on general principles, but remarked that
as the Government would not or did not
take hold of the matter, it was the duty of
the citizens to do it; and remarked that
Gen. Grant was now living in house up
on which there was a mort fraua Of thirty