The States and Union. [volume] (Ashland, Ohio) 1868-1872, 1869-10-06

for any one to imagine that men like
James Fisk, jr., Jay Gould, Beldon,
Martin, Health, and others of great
sand foresight, men wifU
had handled millions, would launch
an, and more thaatheyS really owned,
into a speculation THAT was wholly
blind, and switch could be burstte
their utter ruin by Government inter-
ferlng with their plans, They made
no reckless venture, as the sequel will
Mr..A3R:-Oere
bin, the brother -in-law of the President
Of the United States, one who, they
thought, would answer as a cat's-paw
between the Bull clique of Wall street
and President Grant. The clique was
secured from all danger of ruin and
loss by assurances from the Admins
tration that their plans should not be
interfered with. This was arranged
by Mr.. CorbinwWho made -sundry~vis-
sits to different places to consult with
the President.
"When these arrangements were
perfected the Clique began heavy op-
erations and purchased gold at 1873,
1881 134, 1917, 134s, 1876, and 1856,
until last Thursday, when they held
one hundred and ten millions gold,
and Mr.. Cerbin purchased very heavi-
ly, thus displaying his own faith in the
promises made him from higher jill
ces. He was visited from three TO five
times a day by II Z Els r-, who was
the only person with whom Mr.. Cor
bin came iti ceataetI sisantic
operations of last Thursday and Fri
day. When"the high rates had reach
ed the climax, which the Leaders an
ticipated, they sold heavy at $780, and
large amounts among the ~forties; while
they were Keeping up the plan ofHdeb
ceptiont by buying small sans at t155
to i60!. While Fisk, jr., was coolfy un.
locking his millions and repairing in :
mense fortunes for the clique, Mr.
Corbin unfortunately held for higher
rates and was caught with millions ON,
his hands, whtn the Wild day of last
Friday ended Fearing that Bout.
well might have determined to follow
up his sale of four millions with other
heavy sales, the clique importuned Mr..
Co.bin TO go to Washington and pre-.
We t it,. Fisk, jr.'s coach was at tie
Presidents brother-in-law's brown
stone mansion at an early hour last
Saturday morning. 1t IA there an
hour again at noon, and again from 3
to 5 p. NJ lin tn m0fnfng. Mr. Janes
Fisk, jri,, witIi2Mr.. Cofbin,i fastened
to jersey City and took cars for WASH
ington With him. oIt is said he TOOK n
certified and inaotsed check foYlSiO0,l
900 in gofd?. MrJ Abel"R.n Cofbiil ard
Mr., James Fisk, ;jjr.,i have mfaaipdlat
ed scheme ut once so gigantic thai
the whole web and wo6f of DIR com
merci;d and financial structures have
been nearly ruined. . Business has
been Frustrated, homes made desoiate,
and hundreds have gone down in the
terrible vortex which, but for Secre-
tary Boutwell, would have engulfed
the whole country. = - - ,s',I 6..it#:i p
"Mr. Fisk's last visit to the Corbin
mansion, day before yesterday, was a
peculiar. one. No wonder that Nr.
Corbin. reports that he was alarmed
when he CAME. for the Prince of Erie
was there to -endeayor to compel'Mr.
.Corbin to stand the losses on the mil
lions of gold3which are still held by
the clique in acc 1rdlmce With hisHor
-ders., 1t w: 5 an interview Of alarm
and excitement on Both sides Mr.
Corbm is ruinedl with others, if he
stands mp to his agreements. Then
the: gains OF the clique are rodaeed IN
inst that proportion. Mr.. Fisk, ir.,
and Mr.. Corbin have not met since
that day. - ~
".The, foregoing is, the substance
gathered from n conversation with
James Fisk, yesterday" -
x, t[Second Dispatch .s.
INV YORK, October l.-Afairs in
Wall st. eet are quiet, The slight re-
action ii stocks to-dly means nothing.
Vanderbilt was only too hasty in +Lu.l-
ing his st Icks the day heGore.ur
Commodore Vanderbilt. to-day, had
a long interyiewwith Daniel Drew
The street appears to be satisfied t'lat
he is seeking the. control Of the Michi7 |
gan. Southern Late Shore, Wab lsh
and Northwe tern stocks 1t is fear
ed that he will succeed. yr., IT,,
The money market has reflected the
rapidly improving aspect of affairs, and
was, fairly active during the morning.
There was considerable caution exer-
cised by lenders us to borrowers. bnt
iirst-class houses readily Supplied their
requirements at the legal currency rate,
where Government bonds were pledg
AT the Stock Exchange I per
cent. gold was the ruling rate, although
in one. or two instances a commission
of Liz, Of one, per cent. vas paid. IN. |
In the afternoonthe market further
o used up, and, at the, close large balan-
c,s were abuudantly offered at seven
per cent. currency. ......f .n.;- r.,
The shipments of currency to the
West are of inferior Importance, and
the banks are in asstrong aposition as
is usual at this season of the year.
In discounts business has not, as yet,
been resumed, but some negotiations of
choicest .acceptanees are reported
but nothing less than twelvecpe cent.
Government Bonds have been strong
throughout, and close at the best prial,
.es, of the day.. There is more bust
ness, and leading houses report a good
Investment inquiry, especially fol-: cur
'ency, 70. a19sirl. .I- .~sr.a.ii |.
.-.--. ~ OIL.