New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-02
MINORITY REPORT.
Mr.. Cox made the Minority report. OF which

Mr.. Cox made the Minority report. OF which
we give the following extracts
THE INCEPTION THE PLOT.
The plot was Matched as early the month OF May or
June II Catherwood tells the TRUTH the confederatcs
were Corbin, Catherwood and Gould. Who was most
prominent is no matter. They equally responsible
for its inception When CaherwoOd made his exit he
is to be credited 1t that Butterfeld should enter
The scheme had in it, the first move the appointment
OF Subj Treasurer at NewYork. He must be one fache
TO tho uses of the conspiracy How the plan
ITS basis Men could operate with safety when lhey
are acting certainty" Afterward when deyeiOplng
the plot he asked 10 state distinctly the eg
mate thing" which the pool" to attain he answered
81 understood that it was buying gold and selling stocks
selling not selling gold In further develop
profits Of the pool were divided into four partsone
fourth COrbin, onefourth to himself one-fourth to
was taking care, on this point Mr.. Gould was not
questioned He is Therefore silent IN TINS; rs
the facts. He denied any such combination for
he denied giving any aid to Cen Butlerisids appSnt
wood could not recommend the latter And again
also denies any conversation with Buteried Could
He that he had communications with Butter
While Mr. Corbn denied generally all plans to the
gold fluctuations, he finally under pressure eonesseu
had attained perfection but was struggling for it
Notwithstanding these denials. it is certain from
letter produced by Catherwood and written by Corbi1
him, that there was secret design 10 obtain control
Of the office the Of NewYo !ad 1t Was
70 convey it to ms step.soncn'law, Cstherwood;
GsEE How much
to be placed COrbins statements will hereafter iur.
Confirmed he needs badly In our Judgment there can
be no doubt that Buttered selected to know the
gold and purchase OF bonds Catherwood teses that
he was to be pressed on the President be-
cause fair ni record in the war second, as
oc S: 4at,fisne Sas a4fith&Jq tne 1teslGtir, NAY
ing a tSe S 6s %c R c had originally sold
Grant upon similar Ts e% SrO se any
our inqEy r,bs is enSasA d 1na. the @s
0TT Tepcr ahuy details We have no doubt that
the Clearing House, which Is nuisance 10 leglhaLo
which was an instrument used for the certhcaon OF
fabulous amounts not represented by money the pha
tom gold" which played so conspicuous part N tho
dranaare obnoxious TO the sweeping criticisms Oh the
| majority report
| THE CLEARING HOUSE ENCOURAGES GAMBLING.
The Clearing House gave great facilities for gambling
Seventy millions day its general average, and not
half of il legitimate business. lyon cam" says MT
Fisk make more transactions through the Clearing
| House with $1,000 than with 100000 without H.. he
regards it irresistible temptaton Men %lsnO od
| or phantom gold 1t is well illustrated Dy thlS
You are member Boar. and vi. sell you
gold sod say it, You and exchange tickets oiS
gold or you aud give tome 10 nothing fea ou' piece
million thus may settle twenty millions of transac-
tons gold at all may settle nlions ING nihorl
concur with Mr.. Law that they know OF no legitimate
business that could not be transacted without the Gold
Exchange Bank We also concur III the majority report
that Federal legislation in the form or taNaOh Wouu pe
Of great utility in destroying this pesterous institution
The gambling bells of Hombg or Monaco are not more
GOULD rue HEAD Ov TIE CONSPIRACY.
ToMr Gould, man OF remarkable GOODNESS hud DThns
was committed the management Of the practical opera
tons He selected his agents tney were Dlohsrs oi
| bold; some like Speyers, infammabe but manageable
Fisk seems only TO have been the "roDusous element
mis- more vigorous colleague. lie 10 us more IKE
vociferOus lieutenant, who carried the commands OF ms
Gould and Committee with being very sagsclous anu
willy, relied on to keep the PIesiaent 70 .e PrEuse
influenced by the bears to control the PRESIDENT
sancy OF his demesnor ana he snre s Se
nptr for The high price OF breadstu and balance
OF trade in favor with view TO AID the then pend
ing elections in the Interest OF the Administrations anu
The part played by Butteifeld is not very clear He
certainly advantage of his official position II n9t 70
helm himself This is shown by the testimony Of his
banker, Mr. Segman' as well as Oy Ms own o'Iaen'e'
| wHAr THE scHEMERs RELIED o..
There IL nothing proved In this investigation so clearly
as this fact That the schemes relied and rsked their
fortunes absolutely upon their belief In what the GOV
eminent would do Mr.. Gould says the whole specula
ton was based on the belief that the Government was
pot going to sell gold He says p&atbe bad good reason
lot gold work up until after The Fan crops were were
| moved and that he would nave gone into
the movement unless he had 20 believed" lie assert
that Mr. Corbn had become very much interested III tne
| "crop" theory; 1t had become monOInaua WIN huh
and after various interviews with CorbD ana Win the
Pfssdent the latter from being eontraetionist had
changed his Views" that the President remarked tnu
| The Goyernment would do nothing during the RAJ
months of the year 10 put down the price OF EOau
| or make money tight On the contrary they
| Sronld do everything 10 facilitate the movement
NJ breadstus. The President gave his reasons 10 Sl
Could why he would not sell gold lie said 70 MI oor
hin that Mr. Boutwell, had gwen GIL order 10 SELL anu
he countermanded 1t, and that nfteIward NJ Bontwel
aconesced In Presidents views Ihat r ooulu was
oht IL evidenced by Mr. B0utwePs testimony hereih
Tier ouoted. On these assurances MT. ooulu
| risked largely. He bought gold for Mr' COfDlh on
| "a AFTER these assurances or the frebldcnt
Thase OF the President were repeated 10 MI
| annId an the thrn interview which he relates More
Ger lettar was written, as Mr. Could states 10 PIT
Iontwel by the President IN reference 10 TINS matte
Pfsi s don6tiess the letter of the 4th September IL
vas Intended as o counterblas against the bears Wne
rere 20 dine Mr. Boutwell, IN New.fofk IN puTshihe,
He,e Man the letter Of COtbn dispatched by
gsk 10 the President at Washington rem Ihat iette
= mnt desrrIbed by COrbin and Gould alke Ia us az
se"ce ar destruction the testimony vi inc ltesldehl wa
ndisnensabe TO show further what WAS placed Dy h'
srteI1,cTs I'm the Government gId. That testimony Il
| rcfnscd. hut of that hereafter. 49, -,
| Mr E,sk confirms GOuld's statement hs 10 theI I'M
rlrit reIiance on tho Authorization Tor lhelt success
iie testcs also, that Butteriicd was coh'aeied MI
important" ,.,,t- "A , lin, on titgfb got u,
sbrs-l would & thrit.'
Fsk Nj tarhu hn "ttat hH tCoibhp biLi, s Nv
ne tctfi he Hbtt '"Nu