, 1870-03-03

United States cheaper tohn II eau oe nanh
here. The effect will be to crush ont that
entire manufacture. in order to swell the
nrofifs of one nun, who is, as be asserts, 1
!" tho only producer Of nickel on this CONT :
neut."
JAY G1uLD'E TESTIMONY.
The testimony Of Jay Gould relative to
tho gold conspiracy reduces it to eonspi-
racy Of onc-Jay Gould himself, who was,
for the time being, Corporation cole"
engaged in the business Of bulling gold.
He declares that he kept his own counsel,
asked adyice or co.opsrntion Of no one, did
not communicate bis future plans to his
own brokers or supposed associates or part
pers; and, while be was leading one set Of
brokers to buy in snall quantities, he was
employing another, without their kuowl-
edge. to unload heavily, or sell for him IN
large quantities. He was both bull and
bear, and on larger or smaller scale, ac'
cordipc to his oHn Judgment. When asked
il bis supposed partners. Of the firm o.
Smith, Gould, Martin T. Co., Wero not
alarmed at certain aspects Of the specasa~
ton, he replies that they "had nothing to
do "'tn 1ears' euel ou A."n..,t ~. IL
ordefa. tae insas.a 'ln am.sas.1 :..;ss,t
golo sp'ecola.,n 80 ..ana.a- ~
me cootnu 4 y, - o cIa sss;.1aa ~ ;na,a.ar
.o .n "1s '''' ~ {.s;oh,a .s'n- t1,ot road
IN several @ narts Of his testimony, !
however, he shown that he WIS constantly |
! us;np ,aneuace to conceal the facts, aud |
! that It ia a sort Of mental habit with him
~ mt before those whom 11e il addressing.
~ +ba information tt,av ara saakino Init
,ba ;mnresaaion be nrefers thsy should form.
NJ Gon1d strongly prefeu,she world should
hs1;ara he acted in the interests Of the
Eric Railway. He sets the facts in this
uott. nrobab1y. because. acting with Erie
nonev be onoht to have had the interests
~ his roaa IN view. and wtat he ought to
h,ra noan doino natn+a'lv orcnrs to n man
of h,s s.cacitv as moat probably what ho
aa;,a T. occrra to na that an increase
at aa.,,z-o-a fro;oht FIR tvo ar three weeks
oror tha F-ie con1a bard1v hara made diff.
-o-.o =, +,,a aarninca of That road of half
, III III rrha <,,,e. onrral oo-n-
:.aa ~ 49, ~oad a,a .bont <s,7- -ooo. .ooo. o7
tss esoo noo sa1 sraa,. of uh;ch a 1aroa nro-
, s" ove,o's :. ~ ,.sssn,sra Anv advantaees
- 49, nove1oent Of freiehts eastward
| r.,,a 1,o 5;,iaoa ho,,oa,, +ha Er;a and ;ta
. "oI 80, " ~ 49, pa.n'11-aa;a rantra1 ana
: 49, ~ W oo,+~o1 1,hara il rothinr,
, sN. 1r r..;.,,.. 49, %
- = N. DaA .s. ss aa1aa ts-nsra T. 80 INA a.
i. au5 ssens' .'oeS 80 ~, - Daas .,,,1,
NnssA wv Soa'>. = p 49, ..aro @ III atlore5 - talo
!. their own time without stimulus. And,
, finally, profit to the Eric Road Is technl-
cally,-though, perhaps, not prachcaAy.-
1 the properly Of the stockholders, among
G whom Jay Gou1d's personal interest Is com"
: paratvely small,
Il When he testifles that this pront to fhe
Il Erie Road vas his reason Tor hny1og gold
T. to the amount OF S3o.ooo,ooo' or about
d three ffths OF the whole nominal value OF
It the Exie Road, and engaging N transae
. tons, the profits and losses IN "hlcf
ls amounted to two-thlrds ol the gross earn
= ings Of the Erie for year, |c conclude
v that this Is the impression OF me aaan
If which Mr. Gould THINKS 1t dcs1ap!e LII
Il public should have. ......
to His theory itself ID worth moment;
H. analysis. He says, "H gold goes up, whea
" goes up, which induces the farmers to SCI
ed and shippers to forward" very ttoe. bu
be if wheat went up as last as gold 1ne ne
er York shippers, who buy accofulng TO gol
lit prices, would nave no andncemehs 70 ou.
be But gold goes up fifteen cents ana wne'
ut only Eve cents, then the farmers sell a1
ne the Western shippers forward. 1nag'nn =.
I'D that wheat has 31seR ,, rsa &c, Ga"s s;,,s
~. s~ - - ,s. poa,1s. ta1an ~ ~ asnta s :; .o w.
L. .s;na canJ5 tast;Sas t,,at 1,a fsd r,nca :,
~ oaa 49, ~ - ~ ~ <xo1a ~
,1a mhaot m I'D .s,nado business hr;,t" :
na s;s rood hr hnv;rg o11v O. mi, mn, AZ OIL
Va ~ th5s oc.as;on he intanded onlv tn do I,
~ ..,r. ,,,,t t,,a ,,areietoot ,Ha~a ~ tba has
m ~ al, .o,,1o1,aa hin, W 1-aen hnv;no mn,
~ ~. ha,a ae,,;-,a1I,, sao nm ooo of oo1
NJ rhen tha-a wos 40 he re', knew reay
r. WV" -. ~. noo ooo -, .o7d =, n.
;re yo-e Al, tb;u a,no1,nt of hns;n ess involve
of Ia eo;a nj, Tho 1s. of h;s credit a,
ID .,,o,. a. so ooo !, oa,-a7,cv and in tra7
"a -. - ,,,.-,o~a,7,,, o
49, es - ~ ~ 80. - ,r:ha,a tro1
Aep1 ~ ae. go ;s.s to- 49, ~ .o~,o. rs,
-. ae"on' - n'9 4~, .,,,, =
49, netee .ueu . a. - 49, ' .1D'anuns
imee '1 u us No'u1ua. p1eueIn pn
Tne,e'ole' ue "aa n. nnlss..s., no ,ea- .
SA5 ans pooy' az - "As NUs"oy ~ ,
~, nm ~ .oa y. se,s 'a ~. s ~ ~ .1;. "ss ..h, -,
oousu'' anu Nc .'"o nos ~ |A.,' 49,
's ienaf'o6 tao'e WY "eA1 an,At' IlueRa'
s ea,1 oen'ea a,s 1nten'.on " 14s'a-e w s,Ae !.
'e ae anu guy n' "as us,ns W s,a. aAo so.u ~.
p'euts - p'ss.o.e, -, e.s,s es.4s -. w.. ns.'
49, ~
IAS sauteu ~ 1oAee ea ~ Tsssa NJ ~ .ss "
lhan freights we're moved LUIS NJ ce9tal
Aopo coo'a ~. w " 1aAAAins seaa p.eAs'
possible. He sasS ae gave put one 1ns.'
"Aa t1on 10 uas pfoRess: 10 oug au taat one
not below Il certain price. and to sell all |
ions, offered above certain higher price, e1e
the | that IN r,is1end the;r rivals. tbay VIC