Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-01-31
THE. GOLD BUBBLE.
Co bin Passes the Ordeal Of the Inysstl-
gazing Committee.

A-t-"s ~~-s------~Ns
Ths Committee Begins TO Yhllswash ihs
Grant Family.
From tho louisville Courier-Journal
(DemOcratic.)
WAsHINGrON, January 28.-The
Gold Investigating COMMITTEES had
most prCtracted session today, ana
nearly finished all the testimony they
intend to take. Three witnesses were
examined. Abel RathDOne COroln
concluded his testimony, which he saiQ
was enough TO sink seven ships, ana
was followed by Smith, OF the bank
ing firm of Smith, Gould Martin,
and By G.. b. NOryell, financial editor
OF the New York Times. Mr.. Corbin
was submittOd 10 d most pr0tracte1
examination, which in his opinion
covered everything on the earth and
under the sea; but the main point Of
n sfrEpred OF aiI lis redundancy, was
IN his connection with Gould, Fisk &
O.. No Government of8ceF whatever
was IMPLICATED. THAT the letter which
he (C0rbinl wrote to the President and
sent by special messenger to WASH
ington, Pennsylvania, was on unim--
p0rtant business, and for All Ae cared
might have been read Ia 8 town meess
ing. he brought his book, memoran-
"A ete.. 70 tke committee, with which
-. -rsced the S25, ,6OG paid to him as
So 1,ro stts Of one speculation by Jay
enid ar,d according TO these data
49, S,no Ivs> never paid to Mrs.
Grant. .- -.
Sir. Corbin sought 70 impress the
committee that in the t9rt Whlch
Gould & Co. played in the coE1oiina-
ton to put up the price Of gold they
acted merely on an inference; that MS
0Corbin's 81 relations were such with the
Government that he could not allow
them ID 20 astray. The witness at
times became quite excited, and came
out of the committee room quite IN
dignsnt at the cross examination
made hy Mr.. Cox, of New York.
p AIr. Norvell testified that on Au-
gust Gath an article was brought 70
the New York Times for insertion
which covered the general tenor OF
the combination then forming TO put
up the premium on gold; that as h
,-,auclal editor MS attention was called
to, and that he sat down and alter
- Il ;, ,,ncording to the facts as he
T,15arsr0oo them, reversing the mean-
inc ami virf11sl,sr exposing a scheme
70 bnII tbe market. The point OF this
was to show that this sIsleie 0Ilgln- ~
ally came from Fisk, GOuld q SoI
and was part of the plan to pI-l
gold. Mr.. NOTvell testified further
that he wrote the article which tlsk
anEded 10 as appearing in the Times
Ofthe .4th, and which was telegraphed
10 Washington warning the Govern
rnent Cf the clique which had formed
TO depreCiate the public credit.
The third witness, Mr.. Smith, teStl-
fed as To the operations Of his firm,
and to the orders given it by Gould TO
buy gold all along 70 the dark Of Fri
day.
The committee just before adjourn
ing today passed q resolution ana
es>-e Il TO the Associated Press, dis
0rnir7>- the correctness OF the recent
svno,.7s n, evidence published in some
Of tbe news -apers, and stating th4J
the committee we're nos fesPOu7lnie
COR the same. It j. hpe that the com
mittee are not responsible for taese
publications, but it is prOpes 70 state
that such OF the testimony as has hP-
peared in these dispatches has been
obtained from the witnesses them
selves.
Mr. Butterfeld testihes tomorrow.
From .he Louisville Commercial lRadicalJ
WASHINGTON, January 2S.-The
avarD 'QaIiOu of Dir. A. 3. CoTDln,
PresideuS> Grants bgOther-in-laW, IN
Teg8rd 20 he gold conspiracy, was
ooT;cluded TO-DAY. While the COM
sDittea decline 10 give full details Oi
his evidence, they permitted the STATE
ment that il entirely and explicitly
disproves all allegations ana lnslnua-
tiOns which attempt 10 umpl'cate
President Grant. Mrs. Grant, or any
boaN at the White House, II the
.operftlCns Of the gold ring. CorUiA
not only sHOre distinctly on these
points. but produced his books ana
showed what became OF every dollar
u bich Fisk and Gould InSinuated
went 10 the White House.
It Wffi be remembered that the ug-
lest alteration about the White HoUss
Fmi5v was. thas during the progress
OF o1,arations. Mrs.. Grant wrote 20
Mr. COrbin that the President hoped
the GOLD business wOuld i,e finished,
E9r n made him very nervous. u now
appears that the language used was;
sfTbe President is distressed 10 learn
that Mr.. Corbin is engaged IN gold
aud stock spBculetiOns." When The
evidence Is published. il Will be seen
that this vindicatiOu is most complete.
aIr. Corbln admits having been In
specUlations, but his books show he
did not make much money. 1t will
probably appear that be lied to Fisk
and Gould, but il is difficult TO see
how they can escape the conclusion
that they have maliciOusly slandered
the President and his family.