The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1870-03-19
"IWe Gold PU1ic'' I1lCeSti0utiO7l

The memorable ''gold panic" of last Septem-
Der, that had its head quarters in the "gold
room" of New York city, and which did the
greater part of its execution in Wall street, the
great commercial mart of the American conti-
| nent, was an episode in American financial ope.
rations.
The investigating committee of the House Of
Representatives, appointed some time since to
| examine and report upon the affair, submitted
their report TO the House on the LIST Instant
| That report entirely exonerates Gen. Grant and
Secretary Boutwell, from any completely what
ever with the conspirators. This is established
by the testimony both of government officials
and of one OF the conspirators himself.
Mr.. Gould (conspirator,) upon this point, says
81 am satisfied that the President has never
had any connection, directly or indirectly, with
| any of the movements that have keen made - 4;
Nothing ever occurred in any of these inter-
views that did not impress me that the President
was very grave, highminded man that if he
was satisfied what was the best thing, that was
| what he would do.
Beyond this, Gen. Grant was operated upon
by Mr.. Corbin, Ia relative tor the purpose of
sounding him, concerning his financial policy,
but without avail
The effect the panic made abroad upon the
ton given the affair by those across the waters
can be more easily imagined than described.
The whole affair would naturally lead one
uniformed to suppose that we are a nation of
gamblers.
The committee recommend the adoption of
the following resolutions
RESOLVED, That the Committee of Ways and
Means be instructed to report bill levying such
a tax on the transactions of the Gold Exchange
and the Gold Exchange Clearing House as in
their judgment the interests of the country shall
require.
ResoIUed, That the Committee on the Judiciary
be instructed to inquire into the expedency of
| reporting bill to define and punish conspiracy
| against the credit of the United States and the
business of the people.
ResolOed, That the Committee on Banking and
Currency be instructed to inquire whether any
further legislation is necessary to prevent the
use of certified checks by the National banks.
and that they have leave to report by bill or
otherwise.
The recommendations embodied in the above
resolutions, if executed are likely, in CONJUNCTION
with the efficient espionage in the employ Of the
government, to reach the requirements of any
case that will probably occur again.
As Mr.. Boutwell, has been able to fight the
conspirators single handed, and reduce the pre-
MUM on gold from l 80 10 .l2 since the 28th
day of October, it is more than probable that,
with tax upon the gambling operations and
an indictment for conspiracy hanging over the
heads of the operators he will foil their best Tor
worst) efforts to ruin the credit of the nation
todisturb the declined Of gold or to lessen the ath
of the nation's friends in The stability and
reliability of her financial policy
If this be gambling in gold" we hope Grant
and Boutwell, will continue the game till a gold
dollar is worth no more than one in greenbacks