The New York herald., 1870-03-02


bin came out and said Mrs. Grant had an
interest. Corbin said, You need not have toe least
whether the governments woula unload on az 1
then said, 4 want TO know whether what Mr..
YOU have sent the 325 600 to Washington a. ee
states lie then told me he had sent IT, For fur
ther confirmation Of THIS part OF the plan to rely on
marked "a" from Fisk'5 statement. hereafter
quoted. they purport to give lnterviews and con-
versatlons between Fisk ana Corbin in some Of
which AIRS. Corbin - alleged 10 have taken part.
Bne ADDED her assurances OF Executive AID to thc
hesitating Fisk. These interviews. II not true alto
IN the despatch OF CorDns letter TO the President a.
washington, Pa, and N Journey oy tns worthy
haste TO Washington. ID. U. IL was not tlli tue OIL
max had been reached and severy man mad TO drag
out his own corpse' '-lFsk)-thar this reliance on
the Executive assistance seems to have failed.
whether Fisk fabricates these statements or not t
to the last Whether they mad suficient reason for
such reliance we do not now consider, nor II 1t ne
bin in his testmony env H. u inSt sh re
ance was Q part OF the plan. While we are as ready
to accept Fsks statements AZ those Of Corbin--and
no more ready-wc dnd in this matter that Corbin,
the Drotherin-law OF the President. arranges fre-
guent meetings for Gould with the President; that
Both upon the steamboats, or Gould and Fisk and In
Corbin's house the fullest communication takes
place with the President. y appears, also, thss
a. % early % as July only 20 please mis- sisseriniaw
and although Mr.. CorDln could not sec 'what lit
tie intended GIT IN stocks. last summer: had
and the people viii not faiil to SEQ that
II was not altogether an Insignificant gfatuiy
ll had some little taint OF sedshness, though IL may
be the designer was UNCONSCIOUS Of 1t. Why MI.
CorDn snoula eau IN hs wis 80 me last aSoniz!ng
mystery the hasty despatch or letters to the dls
theory tnat the schenlers relied government aid
to the very last We are LETT In the DARK a. 70 now
the President learned or O0rbinS gold specuiati0ns,
a
understand the violent appeals made Dy Cor0ln IN
the committee room TO the Almighty against mem
designs as to the purchase II bonds &C., for the
Presidents household, and equally o. loss TO
House to protect him from answering questions
bearing on such designs; and stlll more puzzled at
following quessi0ns as to the authorship Of the
"Slsn letter, uniess on the hypothesis That all the
plotters IN this selfish scheme including Corbn him
SELL relied the assistance OF tae ADMINISTRATIONS:
Did you after tha. ahow any letter 70 NJ Gond received
should say that tha. not The phrassooy 500.
him any letter. but read to him 90 and 40 o.,
let try my memory; it was letter written to wife.
By Mr. Jonss-Wr.en by whoms A. 1t was written By
@ Who! A. II was written in a hurry; an ahectons.e
q Who wrote the letter. A. answering specifically
By Mr.. judd--Who do you by "Sis?" A. am
O. Yon state the nsmes A. am explaining and can
not dS viii I1y n4a that hsss will ne.
svade ii, nor am capable OF evasion.
say that was the the ssaa.ars to the letter. sm asassi
na w n n ysqy woqa ann pss
aud there but wreck LETT letter came there az was
Is the Way m which those wsssrn ladies ws they sit
ana w herr ana ana to n.
writing OF 1t, bu. have no doubt OF It,
was Interested and his role was that OF procuring
the aid Of the President Tor bis theory Butterncld
himself frankly states TO Gould "that he knew the
they would not sell any any gold unsl ate a1ser @ the
were n sent 70 ns aFk y s.s NV WE
That this was the policy Impressed upon the Presl
dent BY this pertlnaclous schemer ls placed beyond
the shadow OF q doubt by the correspondence be-
tween the President and the secretary OF tue Trea
sury. The President. either from convict n OF the
indifference and InaJtention to the designs undery
ing it. accepted 1t. lie never Intended that gold
snonid go down. Gonla did mol expect IT, ID mis
consciously, the President In his letters 10 Mr. Bout
well. worked IN UNISON with the conspiratoEs.
GOLD RESERVE.
It Is impossible 20 prevent large amounts OF gold
from remaining In the Treasury. especially under
present system OF tariffs anu public debt.
q pertinent inquiry, therefore which the minority
desire To make-How much gold should be retained
In the Treasury as reserve, and In what manner
among the difficult questions which arise
III the administration Of the treasury department.
in the present unfortunate anu anomalous condition
Of the currency. IL Is Important TO know how the
present system originated. The views and actions
with them explained III his reports to Com
gress:In his report OF December, 1885, he remarked
That in order TO secure steadlness III the market
while business was conducted on q paper basis
there must be power IN the Treasury to pfeyentsuc
cesslul combinations TO bring about fluctuations i0r
purely speculative purposes. He thought specie
payments were not to be attained BY an accumal&-
ton OF coin IN the Treasury to be paid out az tu
ture day IN the redemption or government ODliga-
lions; but rather by qulckened industry, increased
production and lower prices which alone could make
US a creditor and not debtor nation.
he used the following language
,ns % 70 ss % % Of tn.
money and fandng the temporary obligations
steady possible basis
To @ a m os o nave
but the fact 10 unquestioned that great war has bsea
been collected SoooOCOo Of temporary obiss
oos no Or n @ great
but without ANY the ordinary business
ssorssry Necessary been before stated
e ss hs Of IL.
and the great Of the people being placed the
the debt this power Treasury has,
The Of
repeated instances saved the country from panic and dsas
eoted the Secretary and bitter criticism
hs .vdSnoe sahSS u
he ability OF the government without dependlng upon Pnr
Il and M wSsS
more @ ham spe to tho sory for sny o.s
OF interest that may have been sustained thereby The gold
needed payment OF interest public dsb
only would pubic credit have been endangered
currency and consequently the entire the
would have bean constantly dangerous
power Of speculative combinations.
From these extracts it will appear-First, that the
former Secretary kept q reserve OF cotn to steady
business tnat he regarded the loss in interest
than made up IN preventing heavy losses to the
country. He regarded hls power TO sell as tndis
pensa0le to prevent combinations for fluctuations
and specuations. He has also sold gold to raise
currency when needed and TO save the paper cur
rency from depreciation Whatever we may think
OF this immense power-Iodgod IN the breast Of the
Secretarylt must be confessed tnat there great
freedom from speculation and panic under the policy
OF the late Secretary. Hts operations we'll de-
scribed In the following extract from his rspors Of
1866
Similar complaint has also been made OF manner in
which gold and bonds have been disposed by what
been styled "acrc sae and precisely the
has been IN these sae that careful and prudent men
have been made when currency needed, aai
prices were Batsfacory 1t was not considered vice
prudent the dealers precisely when
and what sales TO be made (no
operating his would have done ths1 but all
sales OF gold In the open Market of
al