The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1870-03-02
THE SEPTEMBER 2 GoLD PLOT.
Report of the Investigating Com.
-L-llL.---I Nm mitteG. -.---.L
The President vindicated..Rutter-
- field Under a Cloud. sI

Iu / '' 'sa'l '1'' NEW York, March /.
The testimony before the special con-
grcssional committee in regard to the gold
plot Is published. tis very vOluminous,
and clearly indicates the cause Of the pan
iC, and the untruth Of tho stories regard
Ing the completely Of the administration.
e Tho lTmes this morning, in reviewing
tic report, says that the whole story comes
to this: 'Boutwcll undoubtedly 0ctcd Us
he believed In tie interest Of the public.
Fisk and Gold thought they were going
to make fortune by sending up the price
of gold, and they believed that COrbin
would further their schemes They also
tried to get Gen. Butterfeld on their side,
and It must be owned that lie docs not
come out Of the affair with perfectly clean
hands. Fisk and his associates did not
find the plot to work well, but Gould
modGstly declined 10 say how much they
made out OfiE On thOwliolC finally the
President and one or two Others, who
were scandOusly traduccd at tho time, are
shown To haye acted throughout with tho
highest integrity '.'' ". Y.
Report or Gen. GaraeId's Committee:
t " ny WASHINGTON, March 1. ~
General Garfield, Chairman Of tho Com.
mittec on Banking and Currency, madO a
report today on the gold panic, 1tgiyCsr
q GireumStantlal ACCOUNT Of lts history and
comes 10 the following conclusions In
view Of all, tho testimony: "''" 4.''..
1st That prominent bankers and MGR.
chants who testified before tho committee
were nearly unanimously Of tho opinion
that there was no sufficient reason for the
existence Of the Gold Exchange and Gold
Exchange Bank; that thCyiwereSources Of
necessary evil, and ought 10 he destroyed.
(, I'd. Tic, gold conspiracy dealt y heavy
blow at our credit abroad by shakingthc
faith Of foreign capitalists In the stability
,of our trade and thc honesty Of our people.
Hundreds Of firms engaged in legitimate
business were wholly ruined or severely
crippled; imb0rters Of foreign goods were
fofininy days al the mercy Of gamblers
and suffered heavy losses; In iact the
entire country, was injured, the ioun.
dntions Of business and morality were
shaken, anil the numerous dcfalcatiOns
that shortly followed, arc clearly trlcGable
TO the mad spirit engcndcred by speCulaI.
tiOn. I...- Up,,,E .... .....,.
; 5d. The Committee find that the wicked
and ctlnningly devised attempts Of tho
Cunspirat0rs to compromise the President
OF the United States Or his family, utterly
failed. Mr.. Corlin, using the Opportunt-
ty which his family relationship 10 the
President afforded, and under that worst
form Of hypocrisy, which put on tho guisc
OF religion and patriotism, used all his arts
to learn sOmethiDg from tbc President
profitable 10 him and Ills c6nSplratots.
But with these and all other Efforts Of bis
associates, tho testimony has not.Cliclted
q word or an act OF tho President incon
sistcnt with tllt patriotism and integrity
which bGfit tho Chief Executive Of the M
,ti0n!. A'nmessag6 was sent to Mr.. COrbfn
when Ibis dupltCity was first suspected,
and the order which laid tho strong hand
Of the Government, upon the conSplrators
and broke their power, are the most sig!
nificant declarations TINT tho President
held and treated thGm US The elG7
mics Of the, credit aud business Of
the country. Tic report releases Mrs.
Grant Ind Gen. Porter tromGny suspicion
Of gold gambling. The funds intrusted to
Gen. Buttcrfeltt wCrc faithfully accounted
for E1tis not u0nClnsively proven nthat he
was interested %itllIthb fconspiratOts in
raising tho price of gold Though on this
point the testimony Is conflicting. Gould
swcarS positively tint he bought two lots
OF gold for ButtcrtiCld, amounting in all
to amillion and q half of dollars. But.
tcrfell also, under oath, denies this state.
ment. Both Fisk and Could swear they
received messages from Buttertlcld, and
answers 10 messages which they sent du.
ring tho daysO the panic, in reference TO
the news from Washington. This state
.ment receives some support from tho testi.
lnony Of Brown, n messenger Of the Sub
Treasury. It Is proved BY this testimony
that during the dnys oftlIe pantctwO FIRMS
Of brokers sold gold on ButterfiGld's order,
and for his profit and that during his
whole term OF office hewMS dealing largely
in U: s. bonds on his own account. When
asked by tho committee whether ho knew
Of my officer OF tho United Suites who
was directly or indirectly interested in
gold, lie answered unqualtticdly in tho
negative; but when afterwards con-
tr0ntcd with the testimony Of SGligman
concerning lis purchase Of gold, he ad-
nlitted It was true. Tho committee re.
cotnmcnds tho adoption of tic following
resolution: ~. y
7 ReS6lted, That the Committee on Ways
and Means bc instructed to report bill
levying such tax on the transactions ot
the Gold Exchange and Gold Exchange
clearinghouse MS in their Judgment the
Interests Of the country shall require.
That the Committee on Judiciary DO in
struCtetl to inquire into tho expedIency Of
reporting a bill to define and punish con.
splracy against the credit OF the United
States and the business offs people. That
the Committee on Banking and Currency
be instructed to inquire whether any fur.
ther lGgislatiOnis necessary To prevent the
Improper use Of certified checks by Ma
ttonal banks, and that they have loiEve to
report by bill or otherwise.
NIessrs. Cox and Jones sent In II minor.
ity report. They contend that the lnccp'
tiOn Of tho gold plot was involved In the
appointment Of an Assistant Treasurer at
New York; thatit wNs encouraged by the
changing policy Of Secretary 3lcCulloch
that slles ofgOld, fiat all made, should be
regulated by law and that the committee
refused to. investigate the conduct Of fpGr-
Sons, including the President, In Washing.
ton, and TINT therefore the investigation
was partial, II ,,..., ....,r..