The Plymouth Democrat. (Plymouth, Ind.) 1869-1941, 1869-10-28

time, If necessary, to protect himself; and
on July 30 he paid Stone, Nichols & Stone
1864 800 for those bonds, which was 49,
900 more than they were worth on that
day, and which represented profits that
Mr. GOuld's firm anticipated would accrue
under the governmental policy of buying
bonds. The transaction thus entered into
between Mr.. Coz bin and his associates re-
suited in an eventual loss of $4,000 The
bonds were sold with the assent of Mr.
COrbn.
Foresecing, from the large short inter
est in gold, and the absence OF govern
ment sales, that an advance in the price
was inevitable, Messrs. Gould and Cor
bin determined to enter into a speculation
for the advance Mr.. Gould visited Mr.
COrbin daily, and some times twice a day,
to consult with him on the subject, meet
ing there, almost always, Mr.. Catherwood,
and Gen. Butterfield occasionally.
Mr.. Corbin gave Mr.. Gould orders to
buy several distinct lots of gold, besides
taking joint interest in the other trans
actions. Among other lots, he directed
Mr.. Gould to purchase 100000 in gold
at one time, which he did, at the price of
1872. When the market had advanced to
137, Mr.. Corbin directed him to sell that
lot, which he said was for the account of
Mrs Gen Grant This was the first in
timation that Mr.. Gould had received
that the President or any of his family
were interested in the market He sold
the gold accordingly, and gave Mr.. COrbin
a check for $685. on Sept. 6. Their in
terviews still continued to be very fire.
quent, morning and evening, and at several
Mr.. Catherwood was present.
In September, they discovered that a
number of bankers and brokers, who
were supposed to be very influential with
Secretary Boutwell,, had undertaken to
bear the gold market on large scale.
After they had made enormous short sales,
this combination sent one OF their number
to escort Mr. Boutwell, TO this city and ar
ranged to give him handsome dinner at
the Union League club, where they ex-
erted their utmost influence to induce him
to sell gold.
Learning of this movement, and in order
to checkmate it, Mr.. Corbin produced
from Gen. Grant letter, to be delivered
to Mr.. Boutwell,, peremptorily instructing
him not to sell gold. This letter Mr. Cor
bin gave to Gen Butterfeld, with instruc-
tions to deliver it to Mr.. Boutwell, on his
arrival but various circumstances having
excited Mr.. Corbin's suspicious that Mr.
Butterfield was playing him false, he pro-
posed to AIr. Gould that safe messenger
should be sent to Gen. Grant, with . let
ter from him, which, as he said, would set
tie all of them
This letter he read to Mr. Gould, who
thcrcupon sent VIM. o. Chaplin to Wash
ingtOn, Pa, to deliver it. Mr. COrbin
afterward received letter from Mrs. Gen.
Grant, in which she expressed great anX-
lety to have these speculatiOns closed.
One reason she assigned for closing the
matter of the bonds was, that it was i'm
possible to tell what effect Cuban affairs
might have upon them. Another was, that
the President feared that he was influ-
enced by these speculations, though he
tried not to he.
When gold reached 141, Mr.. COrbin in
formed Mr. Gould That he had just sent a
letter by mail tn Gen Grant, in which he
told him that he was Out.Of all speculati0ns
either in gold or in bonds, and that as an
impartial observer he was decidedly oil
the opinion that it would be very danger
Gus to sell gold. He then said that at the
price of gold there would be about $50
900 profit; that he wished Mr. Gould to
give him a check for that sum deductine
the $4,000 loss on the bonds. Mr.. Gould
replied that it was utterly impossible fol
Corbin TO be entirely clear of the specuia
ton until all parties interested had sold
out; but consented to give lin check
for 100000 on account, and he (COrbin'
said that he would Immediately write Z
private letter to the President explaining
his real position, the other letter being in
| tended for use in the Cabinet meeting
Some time before this, Mr.. Corbin told
| Mr.. Gould that the order had been actually
| issued from the Treasury Department fol
| the sale of gold, and that Gen. Grant hat
cOuntermanded it on receiving a letter from
| him relating to the subiect-Ne,o Yorl
| Sun, October p.
From the Chicago Times, October p.
| Washington dispatches on Saturday saiC
that the President denied all knowledge o
purchases of gold made for himself o.
family by the gold gamblers. He also de
MED that his family knew anything abou
the operations of the gold gamblers.
He says he is not responsible for any
purchases OF gold or bonds that Corbin o.
Gould might have made with an unauthor
lied use of his name.
The letter of Mrs. Grant to Corbir
proves that she did know of the plans o
| the gamblers, and goes very far to sustain
Jay Gould'S statement, that she was pai(
S25,000as profit on $500, 900 of gold bough
| by Corbin for her.
| She knew of their plans, and she sale
the President knew of them, and wanted
| COrbin To stop specializing, because Gram
feared he was influenced" by the gam
blcrs' interests, although he tried not to
be-" There is now an issue of veracitl
between President Grant and his wife, i
| the letter purpOrting to be written by hel
to Corbin, a portion of which is published
! by Jay Gould to sustain his evidence, b,
not forgery.
Gould says, and Chaplin swears, that TIT
latter carried letter from Corbin to the
President, and delivered it himself, il
which some Of the plans of the gambler.
were set forth, and a request made tha
there should be no sales of gold.
The President says that he is not re
| sponsible for purchases made for hin
which he did not authorize TO be made
This is very true, but if he accepted
| profits on such purchases, he became re
| sponsible for them. Jay Gould says that
Grant was paid $4,000, as profits on bond
bought by Corbin for him, and held on hi,
account by Stone, Nichols IL Stone, Cor
| Diii DIohcIS. lney can say Wnelnel
| Gould has told the truth In this He says
| moreover, that i'll carrying bonds foI
the President, Corbin and himself incurred
a loss of $4,000, which they did not cal
upon the President TO share.
1t is incOnceivable that the Presiden
could have been ignorant of the plans o
| the gamblers if any part of the statement
of Fisk, Jr., and Jay Gould in the case art
true. CorbIn, and Butterlield, and Mrs
Grant, and her hu island are so interwOyel
in the statements, that were they taken GU
there would be nothing left. The proba
| bilities are that the statements are no
partly true and partly false, but who'll,
true or wholly false. We may so iudg
from the consistency of the narrative, ant
the circumstances cOrroborating it.
| Swimming on Bladders.
4 -, &c a