The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-10-08
Prominent Departures.
The Late Gold Gambling ssGorner" and
the Yankee Mcral Thereof.

the Yankee Mcral Thereof.
The smoke and dust and the noise and con-
fusion Of the late gold corner Of the bull
rinlfg Of Wall street have at lsngth settled
game and the calculation of its managers. We
know that ball ring was formed to make
''corner" on gold. The parties concerned had
seen for weeks and months il the fluctuations
of the gold market that if they couId get
immediate reach Of the street, they had only
to secure the non-interyention Of tie Treasury
Department in order, by grand charge to
run up gold to two hundred in a single after
noon, and to sell out with general profit Of
many millions before any inland spectators or
European bankers could be brought to the
rescue.
This programme for grand pool was too
tempting TO be resisted, and the parties con-
cerned proceeded to acsion-frst in buying
up gold sufficient to control the street, aud
forty millions or more were thus secured by or
before that disastrous Friday secondly, 1t
was essential to the success Of the
conspiracy to secure the non-interyen-
ton of the government in the development
of the plot. This was delicate and difficult
task; but where millions Of money are con
cerned mountains may be removed. II a
promise or an understanding couid be secured
from the President and the Secretary Of The
Treasury success would be inevitable. Here,
then, we have the explanation Of the remark
able devotoas paid 10 Mr.. Boutwell, by certain
financiers and lobby men on the occasion Of
his visit here few weeks ago, and of the won
derful attentions Of Fisk, Jr., and others to
General Grant in his late summer excursions
in these parts. And whatever Corbin, the
Presidents brother-in law, may have to say in
his own defence, his professional anteeedents
and his otherwise mysterious relations Of
confidence with Fisk, Jr., and others of the
bull clique, render it morally certain that
Corbin was relied upon to manage the Presi-
dent.
Mr.. Corbin's experience at Washington as a
lobby jobber and newspaper man had taught
him how TO work upon the administration by
individuals and through the public press We
! find, too, that whatever the means employed,
Secretary Boutwell,, on his last appearance In
| Wall street, publicly declared as his policy the
| policy Of non-interventon with the paltry
games Of the gold gamblers Il was not
the business Of the Treasury Department
to take hand with these gold gamblers on
either side. This point, then, had been
gained Next, it now appears that the news
paper articles set aaoat about the same time,
defining the financial policy Of General Grant
TO be not TO buy up with gold the national cur
rency at time when it was so much needed
| by the Western farmers to move their crops,
but rather to help them In getting their grain
+, to market, were articles emanating from Cor
bin and others Of the gold ring. This was
manufacturing public opinion TO support the
administration in the policy Of holding aloof
from the grand game Of the ring Of sudden
rush in Wall street to run gold up to two hun
bred and then divide the spots. Most impor-
tant of ALL from all the facts thus far disclosed,
it appears that Gould, Fisk s. Co. mainly
relied upon the confidential family relations Of