The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-10-27
THE GOLD RING.
No Change in the Situatlon-General
Butterfeld Still at the b-Treasury-
Speculations on the Street.-The
Grand Jury in Session
An Amusing Incident.

There was no change yesterday in the stains of
aralrs at the subTreasury. General Burterneld was
in his customary place and the business OF the
department worked along as usual. Solicitor Ban
field paid no visit TO the building, and probably
spent his time in cleaning information from
the well informed people OF Wall street
and its neghborhood the question as TO how
and wherefore the rruption OF the bulls in the
money market occurred on the oath OF last Sep 2
TENDER News reached Wall street IN the afternoon
by underground telegraph from Washington that
the question OF accepting General Buternelds resig-
nation was under advisement, and through the same
channel at a later hour came the intelligence that
at closing time or the Treasury In Wash
ington no decision had been reached var-
Gus speculaiions were INDUCED az 10
the reason OF the delay. Some people attributed It
to the difrculty OF making an appointment that
would secure popular approval and be sure Oh
acceptance by the person selected. II was thought
by others that very little time need be spent IN the
consideration OF that subject as plenty OF solid men
can be found in this community, against whose
characters no word OF suspicion mas ever
been leveed, who would readily undertake
the pleasant labors OF Assistant Treasurer. IL
might be- as some suggested that the President and
Secretary in their consultation were at loss 20 de-
termine what form OF investigation II would be best
TO institute in lieu o. the one requested by General
Butterfeld II was the general impression however.
that II the resignation be accepted an appointment
pro tenn. will be made. and the case allowed TO
stand and await Congressional action. This seems
the most correct and constitutional. view OF the
matter, though IL cannot be otherwise than irksome
ana painful TO the person who Is to be made the
subject OF investigation that so much delay should
arse and his character IN the meantime
be left al the mercy Of his traducers. Mr..
| h Co. corner Pine and Nassau streets, has been
mentioned IN connection with the succession To
General Butterned. No .offcial notification OF the
| appointment has yet reached Mr.. yermilye, and
MS disposition as to accepting 1t is not quite as
| sured. There Is no man in this community who
would give greater satisfaction to the business
people or New York III the ONCE OF Assistant
treasurer than Mr. Vermiyea; but unfortunately II
disposition Tor holding puDnc empoyments and
Just unfortunate that tney receive the least en-
number Hnm6er Of gentlemen called on General But
/ terned yesterday and expressed their sym
pathy for MN IN MS present pos position. me
| desiring him to feel apprehension that
| he mad forfeited the good opinion OF those whose
regard is worth having. lntll an investigation Is
held there is nothing TO ne had which could prove OF
any interest TO the public in connection with the
Sub-Treasury General Butterield thinks 1t might
viate his case II agitated any longer IN the
papers, as irresponsible statements are likely TO
creep ill., which may give Impressions OF a contrary
nature from what Intended. II Is, there
lore deemed the part OF wisdom TO reserve the ammu-
milton OF defence Tor the proper Tune place and oc-
tendent or the new Post O6ice building, was also
mentioned yesterday as likely successor 10 General
Butterneld The ante-room OF the Grand Jury
apartment was pretty well filled yesterday by walt
ing witnesses from the centre OF finance down
town-men of millions, whose ventures are
\ OF the colossal; KIND and whose losses or
gains are recKoned by vast arrav Of
numerals the ilme they consumer IN inat Crane
| Jury anre-room INDUCING IN unremunerative Jokes
might be put down "a dead loss OF Sl,0oo,0O0. SO
| that If the thing continues week or TWO longer
| little arithrnetieal calculation VIII make IL
appear that Il fortune lit for prince Is
| LOST IN the business OF waiting the pleasure
l OF grand Jury. William Kimber, L. p. Morton,
! Frank L. Howe, A. lockwood, William Belden, j.
1 Sehgman, George Crouch and @. c. Norvel were
IN attendance. All but the two last mentioned are
| bankers or brokers, whose evidence win throw
| world OF light ON Wall street operations, past
| and present. Messrs. seligman and Belden were
examined; the rest, after eXhaust1ng their aggre
/ gate stock OF humor, were dismissed for the day,
and retired In disgust, only 10 De recalled again TO
undergo the same ordeal.
| Notwithstanding all the precautions that are
thrown around the evidence taken before the Grand
ramor iound its way INTO PEOPLES Conversation that
some or the witnesses, In accounting for the late
greenbacks as TO the locking up OF gold:
good deal OF enlightenment was shed on
Gs nury PraGsa WAL street brokers
the statutes made and provided TO prevent usurious
dealings. Among the rumors, however, none,
the sensational stories circulated by certain
newspapers about the President and General
Butterned. An amusing incident occurred
in the ante-room while the heavy weights OF Wan
street were waiting man with agitated looks
strobe into the room and asked for the person In
charge. 10 whom he presented an envelope and ex-
claimed, "Some mistake here, sir; some mistake.
The Grand Jury has got nothln' to do with
Inc, and | have got nothn' to do with
the Grand Jury. Take back your subpenny;
rm another man." The usner realizing the fun
of the thing and anxious to amuse the drowsy
mlllionnaires present, resolved TO keep the joke
gong. You're the man, sr,n said he with q Sc
rious countenance ''that We have been looking for
the past ten days; but just wait till the District
Attorney sees you; he'll fix you. Contempt OF the
Grand Jury can't be permitted
"See here, my frend,r replied the stranger, "just
say what business this jury wants with me-"
'Weil sir, you have been connected with the late
gold gambling ring IN Wall street, and the Grand
jury is determined to make you tell how the joD was
put up. Just wait till the District Attorney sees
youn and here the usher turned on his heel TO keep
his explosive laughter from escaping
Now, see here, young man. /" said the stranger with
his face 'ust do you go In and tell that jury that
never handled q dollar In gold for the last eight
years, that never was in Wall street. that never
saw Jay Fisk, that never"
"Hush hush ~ suddenly exclaimed the usher;
'ust wait till the District Attorney sees your Ds-
trlct Attorney be id; tell YOU again, am another
man, was the vigorous reply 81 am none or your
ing the blue envelope the head the usher; am
ali honest trunkmaker and my name is Scrouch.n Tho
audience r0ared and saw the poilt at once. Another
man OF the same name was summoned as the proper
witness; but the subpoena for the wrong one out
week before, and when he got il OF course he has
tened TO answer Its appeal and rectity the error.
The error was amicaby adjusted, and the whole
ended IN q healthy laugh. Daniel Drew Is expected
10 TESTIFY to-day.