The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-03-02
A GREAT URONG DONE, nut NOBODY
TIFiT IS 1NrBODY GUILTY.

GREAT URONG DONE, MT NOBODY
TIF-iT IS INTBODY GUILTY.
Taxing the Go'd ,imcstrrs out Of Existence
| Furnishing COrsptrn cics ruinst the nu -
mess OF the Couutrv-A Mrifcwr shi " .
InNe-tigatiOn aud an Unsu tisfactory Re-
port.
WASHINGTON, March l.-Gencral Garfield re.
ported to-day on the gold panic. The Con mit,ee
has arrived at the following conclusion First, the
| prominent bankers and merchants who testified
before the Committee were nearly unanimous in
opinion that there was sufficient for the OK
stence OF the Coll Exclange and the Gold Exchange
Bank. and that they were tie source OF measure.
less evils and ought to DO destroyed. Second the
gold conspiracy dealt heavy blow u our credit
abroad by shaking tie fifth OF foreign capitalists in
the stability ofour trade and the honesty OF our reo.
pie. Hundreds ~ firms engaged In legitimate bust.
ness were wholly ruined severely crippled. In.
poFters OF foreign gooos were for many days
At ruE MERCY OF rug GAxBLBus,
end suffered heavy losses In fact, the entire eoun.
| try was injured. The foundations or business and
| morality were shaken. and the numerous dehIea.
tons that soon followed are clearly traceabe 10 II @
mad shirt engondored by circulation. Third, the
Committee end that the wicked and cunningly dc.
viscd attempts OF the conspirators to compromise
the President of the United States or his family ut
his family relationship to the President Afforded,
and under that worst form Of hypocrisy, which puts
on the euise OF religion and patriotism, used all his
arts to learn someiAing from private conversation.
OF the President which could be made profitable to
bin and his eonspirators But with these and all
the Efforts of his associates, the testimony has not
ELECTED word an act Of the President incon.
sisient With that patriotism aud integrity which
bent the Chief Executive OF tho nation. The mes
SAGE sent to Ccrun when his duplicty flrst sus-
pected, and tie order which laid tie strong hand or
the Government upon the conspirators and lroke
their power, are the most significant declaration
that the President held aad treated them rs enemies
Of the credit and business Of the country. The re-
port relieves
rus PRESIDENT AND GEN. PORTER
from any suspicion Of gold gambling. All the pubic
funds iutrusted to Gen. ButerGeld were faithfully
accounted for. 1t ia not conclsively proved that
he was Interested with tie eonslirators In raising
the price Of gold though on this point tho test.
mony Is conflicting. Mr.. Gould swears positively
tina; he bought two lots OF gold for MIR. BatterfeId
amounting in all to million and half OF dollars
Mr. Buterheld also under oath denies this state.
ment. Both
FISK AND GOULD
swear that they received MESSAGES from Butcrfcli.
ana answers 10 messages which theg sent during
the days of tie panic In reference 10 nows nom
Washington, md this statement receives some sun.
mort from the testimony OF Brown, q messenger Of
the suh'Trcosury. 1t IL proved by the testimony
tat during the days OF tie panic two firms OF bro
kors sold gold on
nurrERFiELD's oRtER
and for his Profit ard that during his whole term OF
onice re was dealing largely In United States bonds
on his own account, Wien asAed by tie Committee
whether he knew Of any ofccr OF the United States
who was directly or indirectly Interested in gold.
he answered unqualihedly In the NEGATIVE (: hut
when aterward confronted by the testimony of
selempn concerning lis purchases of COLA, he ad.
mittod th3t II was true.
The Committee recommends the adoption OF the
following resolutions:
That the Commlttee Ways and Means he instructed
70 report MI lcvving suc tax the OF
ihe Cod kkcnangO ana the Gold Excl an e Clearing
oHse a. their Judgment the Interests Of the country
That thr Commiioe on judiciary hc instructed m IN
and punish ~
CONSPIRACY AGAINST TIE CREDIT OF THE UNITED
STATES
and the business NJ the people
NAV NE g. Wulee On Ian Ing ami Currency he In.
ecd'. 4ry TO prevent tmprOper ne 81 crr inrd ch,r
ny ,kl"nAl hanks, auC tat they have leave TO renot
by bil or otheTwise. 'NFN''
Messrs, Cox AVID Jones unite in
THE MINORITY REPORT.
They contend TINT the nccution of tho c,Id r,o,
whs involved in the appointment Of the Assistant
Secretary of tie Treasury at New York, that IL v "s
encuu aged ~ chWrins the poll Y OF Secrctury Nc
Culluch, ttht sales Of gold, fat an made should no
re2uaIed BIS law; that tie Committee reused to i'm
Ne-u-Iie the conduct NJ persons. including the Pc
I,nt u Washington. and that therefore tie Invest.