The Plymouth Democrat. (Plymouth, Ind.) 1869-1941, 1869-10-28
Grant and the New York Ring.

The statement of the transactions con-
nected with the gold pool have been fur
! nished the Sun by Mr. Jay Gould, in his
own handwriting, as follows:
The first Mr. Gould saw of Mr.. Corbin
| was in the latter part of May last, when
Nr. Corbin sent for him, and they had an
| Interview at Mr.. CorDln's residence, No
3. West Twenty seventh street, regard
ing the appointment Of subtreasurer in
this city. Mr.. Corbin represented to Mr.
Gould that he could control the appoint
| ment, and wanted to know how he and
Mr.. Gould could make money by having
! the inside track Mr. Gould understood
that the appOintce was to be Mr.. Il. 3.
| Catherwood, the son-ln-law of Mr.. Corbin.
| Mr.. CatherwoOd was an old friend of Mr..
Gould, and the latter was anxious for his
appointment Mr. Catherwood told Mr..
| Gould that lie would take no action in the
matter without first consulting with Mr..
COrbin.
At second interview, Mr. Corbin in
formed Mr.. Gould that he had dropped
| Mr. Catherwood, fearing that his connec-
ton with the Presidents family might be
the subject of scandalous comment, and
that he had fixed Gen. Butterficld as
the appointee, and could get letters from
Mr. A. L. Stewart and others. which would
make things appear easy and natural. He
said he could control Mr.. Butterfield, in
TACT that he owned him, and that he had
| consulted with Mr.. CatherwOOd and the
| arrangement was satisfactory To him.
The understanding was that Mr.. Gather
wood was to receive oncfourth of the
profit from whatever was made by any
| financial operations undertaken upon ac-
count OF Mr.. COrDin ami Mr.. Buttertield.
After this arrangement, Mr.. COrbin re-
| quested Mr. CatherwOod to fetch Mr.
Butteriield to him, but Mr.. Catherwood
refused to do so. AIR. CatherwO0d after
ward told Dir. Gould that he had been
| down, and after the interview between
| Mr. Corbin and Mr. Butterficld, the latter
gave Mr. COrbin letter asserting to the
agreement; and this letter was shown by
| Mr.. COrbin to beth Mr. Gould and Mr..
| Catherwood
Shortly after this, Mr. Corbin requested
| Mr. Gould to meet Gen. Grant mt his (Mr
! Corbin's) residence, which he did, and sub
scquentiy accompanied the President to
Boston, where lie attended the Peace
| Jubilee.
On the way, Mr. Gould spoke to Gen
| Grant in favor of the appointment OF
Gen. Buttcrfield, AMI Immediately after
the Presidents return the appointment of
Gen. Dutterfield was made public.
Some time in July, Mr.. Could again met
| Gen. Grant at Mr.. COrbin's house, by in
vitation of Mr. COrbin. In the evening,
| Mr.. Gould accompanied Mrs. Corbin and
| Gen. Grants children to the opera-house
and left them there, returning himself To
converse with Gen. Grant. lie asked him
what would be the financial policy of the
government, and the President replied
| that, he was anxious to secure high
prices for farmers produce, no gold would
be sold before the first of November, ex-
| cept the regular sales of $2,OOO,OO0 n
month. Mr.. Gould then asked how he
would obtain means to purchase govern
ment bonds, AM his answer was that the
internal revenue receipts were unexpect-
edly large, and the currency balances in
| the Treasury would he sufficient without
selling gold. Mr.. Gould further inquired
how he expected to- keep money easy. to
which he replied that there was from
| Si2 900 900 to Stj,000,000 going out in
pensions, and that he intended TO increase
the fractional currency from $30,000,000
to $50,O0O000
Shortly afterward, on the strength of
this information, Mr. Gould purchased
/ 81 100000 of government bonds on the
joint account of himself, Mr.. COrbin, Mr..
Catherwood, and Gen. Butterfield Mr.
Corbin then informed Mr. Gould that he
had received a margin { $4,000 or $12,-
: 900 from Gen. Grant, with which to carry
100000 of government bonds, which
were held for the account of Gen Grant,
as Corbin said, by Mcssrs. stone, Nichols
& Stone, Mr.. Corhin's brokers'
Mr.. Curbin said That he was anxious To
return the money advanced by Gen. Grant
and to show him profit on the transac-