New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-02
THE GOLD CONSPIRACY.


ed
T f,ied He made report and the three conspira
@ never met again Flax says Of this mission Of Cor
ni. matters took such turn that il no use. 1t
Vas each man drag out bis own corpse
On Monday, the 2Ith Fisk ana Gould tired anOther
roefbod of saving what they could FROM the ruins or
FRIDAY To answer the demand for settlement made by
ors OF yms they obtained from some OF the courts OF
Srer Which placed the Gold Clearing in the
hands OF receiver restrained its officers from making
the officers OF the Gold Exchange from enforcing against
che cospirators their rules aud compel settlements
The Committee do not consider It necessary to follow
the history OF the settlements further
TUE GOLD EXCHANGE BANK SOURCE OF EVIL"
In reviewing the whole subject the Committee supmit
the following conclusions;
Prsi: The Gold Exchange and the Gold Exenngc Da AT
are creatures OF tins country aud this desa1 between
their operations are founded On sS All the foreign
trade OF the country and indeed All and gold in
noth "niSes purchase loan or sale OF goa 10 Sot
pete the transaction TO meet TINS rnanizsd en- 1852 "a
% ~ @ hscsme the Instruments OF reckless
The monument bankers and merchants wo tSa on,ion
sre H. Comnittee were nearly unanimous IN Tue op'o
sSat there was no sufficient reason Tor INC "
these institutions that they were t.e b te,mopy Of
william Dodge, expresses ne oP i ard t tha
mutee and Of many witnesses he say A. " '-'
Oola sea b. without organization wcod have S..s
osr. s Sess IL he Gold god rather the ownership Of
SSd & bes ,b.y 90 rot merely 70, the purpose
speevsta; there isno a. The earreut rate Of gold
according setoas prices e9nsea S SSSd doiar, h. ~.
soI ecr gO buy ard sell to s s,.s o. OSs
sttce@s d trapsactous are very large. but thsy bear
90 id proportion the snenn that changes alos ~ NE
ssse would be for Gd Room or Cod kIe1gSs Bank "a
% 81 line as mere gambling hOuse-nO'bag else Take the GOf
the and The commerce 10 esS VIII b ss"c,jor.
oSsb "a he placed entirely outside The pse Of commerce ne law
isSc Of of the country in which every
person throughout the land is interested
"A cha fla fest OF
gives strongest points that have been presented III
favor at these institutions.
EFFECTS OF THE CONSPIRACY.
Ss5: The gold conspiracy has already been 50 fully
exhc cd that but little moro be said 1t is evident
that the tendency OF gold downward and that the
movement Of the conspirators wholly artificial ana
tural and that its effects most disastrous TO
the leg climate business OF the country 1t dealt heavy
blow credit abroad by shaking the ialth OF ore9n
capitalists stability OF our trade and the honesty
people, At home its effects extended fr beyond
created another and hundreds OF firms engaged IN iegt
innate business we're wholly ruined or severely cpIu,
mercy of he gamblers and suffered heavy losses For
many days the business OF the whole country was
paralyzed vast volume of currency was drawn from
great channels OF industry and held IN the grasp OF
we're ured from the honest pursuit wealth by the de-
lusive Of sudden fortune The effects OF the panic
are thus stated by George Opdyke: a., ...,. -, 49,.
poed immediate impression nPon the mercantile ana apse
s. md so epy 10 ms eoepi'y %. Az Over sn c A.,
vbea possible for snsn combination Of speenos to
iaSe aspe4so9 Of specie payments
os America abroad that railroad and other seeauss
serSsd" - :,
the numerous seralcations that followed are closely
tracealc 20 the mad spirit engendered by speculation
But however strongly condemn the consprat0rs
themselves cannot lose sight OF those causes which
lie behind the actors themselves and spring from our
sequences be set down one OF the items III the
mort nj Il
GAL trade gold s money, but article Of merchan
disc but for ali purposes OF foreign II only
currency. long have two standards Of value,
recognized by law, which may be made to
long will speculation IN the price Of gold offer
temptations too great 20 be resisted and SO long VIII
capita continue 70 be diverted from enterprises which
add 10 the national wealth. and will be used in the recR
less gambling which ruins the great majority of those
whole country Not the least among the evils which
grow out cthe condition OF our currency rs the neces
gold whether the surplus gold be boarded or sold 1T
country aud devolves upon the officers who manage us
nqSh ha FIAT tRe custom aGopyed ny some
OF National banks Of certifying checks which DO not
dately cannot be used, is dangerous and permcons
practice, and the use OF such cheeSs greaht at
one bank the Fourth National. certified sS5,OO0oOO
Of checks in the course OF b%0 Gay make se" sete
ment aud only by large loans was saved from
oreaking.
fsEryE. ruAL ATTExPT TO COMPROMISE THE PRESIDENT
srnmeDt 70 the gold movement, the Committee find that
tina wicked and cunningy devised attempts OF the con-
.pirstor, TO compromise the President Of the United
states or his family utterly failed Mr. COrbin using the
onporuntes which his family relationship to the Pres
3ent Afforded and under that worse 1oriH OF nypocls
which puts the guise OF religion ana patrlous dseu
ali his arts learn something from the private
lions OF the President which could be made pronape 20
aim aud his cOcoDspratOrs But with these ana an .he
efforts of his associates the testimony mas not eiGeu
word act of the President lneonsstent Win
patriotism and integrity which bent the Snei 70
Of the patton Even Mr. Could after all ms attempts 20
discover the purposes ana innuen'e 'ne "a INV
'.osS ', 70, ne o,.s b.s SsSe been made
Nothing has occurred Of these interviews that ono 20,
a. vas satisfied best thing that What be would DO
s Se ps .ii 1aG's i sS S..us
could led hia TO suppose nat aoy gIass Rp OF 20 M =. y
s S%in letter TO the Secretary OF the Navy
Sbs az once the wisdom OF the Presidents opinions and
the prudence Of his conduct IN reference 10 the gou
moVe"enI NEw-YoRk CIf1, Sept IL 1859,
hH" & lsSys here fr Western Pennsyivas tmoroS
i1E .sd Washington before the middle OF @ o. Gsa
VOC be this city early would baye remained to ne
bss Of Wss and IN SyScs on The one side and TO
place party the G95eBmen' 70 help them out ~s
YOU, ea tights before you'd move % without
change sI s. s 2 s w. afY S' p o ike
perenee h the factions al events they give Jen nae 70 w.e
,eosrsl subject Yours truly y 5 OaAsT.
Ths message sent COrbin when his dupicy was nrst
and the order which laid the strong hand OF
Government upon the eOnspirators ana broke taer
power are significant declarations that the
held and treated them as enemies OF the credt
aud business OF the country; -, a., -. 49,, NJ.
GrsOt was interested ia the speculation Ia gold originated
lth FISK OF COrbilt aud the charge Is only mace on ne
hearSay testimony OF Mr. FISH he AYERS that OOrDIh
told him Pat $4,000 OF the gold that Gould was carry
pg for COrOins account wac for Mrs Grant anu ts INC
paid TO COrbn by Gould had been forwarded to
Mira statement