The New York herald., 1870-03-02

who had NO connection with Il; it cast auspIc,ons
credit and values TO the country; IL has contributed
70 tnc spread OF extravagance and speculation de-
banchng the morals trade while afecting eli the
values OF industry What the losses are incident e
ana consequent upon this mode OF selling gold
3sen undes sacn combinations and circumstances the
eniuept merchants and others who were before us
1aU QQH1-Ar. Lowe To foreign trade, Mr..
OpdyEe ~ 70 doNeslic trade, and others az to all OF
our Interests nave spoSel.
~ "a sne sales or government gold, if tsese saes ny
" De continued 70 10 not the duty OF the cosoN!tee
" auvse. Ihe minority are, however, OF the opmia1
tnat tne power 10 make sales should not be left TO
,ns discretion Of any otcer, no matter now able ana
honest he may be. 1t should be regulated by law.
The temptations 10 on improper use OF such power
may oe 100 strong 10 he resisted suspicion VIII sum
ness OF the oaicai win be impaired and reproach be
Drought upon the government.
What amount Of com snouid be kept In the Trea.
sury reserve preparation for Unforeseen emer
Rencies and TO give steadiness TO the convertible
contingencies ,nas cannot De anticipated Less,
however, VIII Do required than was needed when
s aaa m Of
340,0O0,0OO, In addition 70 the amount Tor whlch
g0ld cert,hcates have been issued. wlll De ample.
Ihe pubhc would be glad 10 know IN connection
with tins panic tnat there no charges made
or sustained against the Executive or his subordi-
plclons are removed wnich these extraordinary
schemes nave engendered. SO FAR as concerns the
than the majority OF the committee TO join In .
report entirely renoving all DOUBT even 10
the Cniei Executive and ms family During the ex-
emlnatlon this was our often expressed and urgent
% we soaa take * no partisan or osner Measure 9S
Cnief Executive OF our country II u no agreeable
ONCE 70 anect the personal integrity OF our common
PresldenI his reserved llIe and military renOwn
and the great good viii displayed toward him by
the people In making hun their choice does and
en0ul0 IN some sort neage hln round about. Our
respect for his Once. well as for himself and
friends, leads us to iorbear, without the most
positive evidence to iinDcate hun or any OF his by
charge or lnuendo, In plot to Trade IN or tamper
with the currency or anect. for selfish ends, the
with our colleagues acqulttng him OF indifference
70 or ac4uescencs IN suca schemes. This being our
our colleagues would have been cneerfuIy prompt
20 assist in carrying out the obJect ana this was
ther irst design After tesslmony had been taken
cered design 10 influence The President IN It's favor
alter the conferences 80 often repeated between the
President, risk Gould and C0r0in az the house OF
the last ana on the steamer OF the others; after the
despatch OF the letters BY the coniedcrates to dis
himself, as IS shown how by BY the ''Ni,ss tesiImony ay
tervene IN TINS market OF gold Gales 80 as to keep
gold up; after the President Is shown TO be con-
tne etter m sne r a1a Ier
which, Ike the eter OF Corbn to the President was
destroyed; alter all these orn statements pointing
70 the head OF the government having some per-
sona responsibility on tins subject Of gold sales,
and In matter where The chief or the c0nspratOrs
was MS brother-n-laW and after The testimony be-
lore u.s. showing the origin progress and collapse or
ine scbeme-iE might Lave been expected that the
committee would DoG dissolve without giving the
Executive an opportunity Of explanation. We say
Of explanation put We do not say 1t as necessarily
Implying his eXcu paIOn. Nor should the majority
thus insist. But explanation was called Tor OF the
different parts winch lie played or was made to
pay-it may honesGly-ln drama where his
wiie, MS sister and tnat SISTERS husband and HIM
sell were constantly appearing as pe3S0a6g one
word voucnsaled from the President one statement
from has wife and bis sister, would nave elucIdated
many mysteries and furnished US the opportunity or
saying:-"We the opponents Of this Execntye, In
"A An 1rt n m n0rrrr rhn
ua attestatl0n Of his friends and do It the more
cheeruiiy because We are bound Dy relations to
Was this Opportunity furnlsned2 Justice to the
committee requires Us to say that at first was. IL
WAS lett for tue minority TO suggest thlS and 1t
unanimously agreed TO- We did 1t with becoming
respect. The record shows that Mr. COX offered the
That the this committee be requested
eths, In writing Or as he may choose to confer
given before the committee which refers to him
sa after sd hs nc mss ns
he desires 70 be heard before otherwise with reference
Shortly afterwards, on the 4th Of February, the
honorable cnairman General Garfield, made the fol-
lowing report
the President o. the United States and stated TO hum
soms o. the taken Ssfors ore the
bers o. h. family and that tine eomm.se had authorized
make "a g. any Of b:
his thanks TO the COMMITTEES their courtesy say
sa ne not to see the NOR TO make any
of the investigation. -
ON the presentation OF this report 1t was sug-
gested thaS the President desired to be formal
and Official IN his relations with the Committee OF
Tnereupon, believing that he would be glad to APP
pear and afford us his explanations tas his secretary
had, and as President Lincoln had to former CON-
mttee) ana still anxious TO hear HIM, so that we
might ALI join Ill tue Justification OF his personal in
tegry as well OF his otlcia conduct as to the gold
s8ies Mr. Cox, on the Attn or February, moved that
he be summoned. IL was suggested that we had not
she power to reach the Executive IN rnis way; that
his only mode OF communicating with coordinate
branch OF the government was by message; that he
might nave contemplated tnat mode and that our
only mode OF reaching him for Otnc!al acts WAS BY
Impeachment: fhereupon, to remove al such oblec-
tiOns and still feeling the necessity Of hearing from
the President one Of his friends on the committee,
and IN our Judgment his wlsest friend. on the
motion arising on the Sth OF February to
summon the President moved to amend
II "by requesnngn the President to appear
before this committee. Inis vote 70 amend, as the
record shows, was lost. There was the same result
on the original resolution to summon. The com
mlttee could not have shown more respect 10 the
President Indeed 1t S our own belief THAI he wonld
not have refused to appear. Even though he may
have doubted our power TO summon him, ne might
have waived his right and responded. Thus the
dersigned are lett for their guidance in these mat
ters entirely TO the mysterious, unexplained con-
fciing and nebulous testimony which points 10 but
does not enter the lnvioable chambers OF tue White
House.
While we accord to the committee the utmost vigil
lance in prosecuting their researches INTO the
Duct OF the Sub Treasurer ana the haunts OF Tie gold
gamblers and their agents IN New YORK, we cannot
accord to Them the same thoroughness In the cx-
kMlndtOU Ol OFFICIALS III CITY Oh III
be true, as Mr. A. A. Low estnes that the conspiracy
was 'weak combination OF men TO raise the price
OF gold 10 the injury or the common interest, basng
Their calculations on tue policy OF the government
TO withhold SO much gold that thev could
manipulate the balance;' and If this policy 'made
speculation O matter OF easy calculation
and whe then committee had already shown
by conversations and letters that the Presi-
~ know what there is Ill the Executive Office that
we should stop short, outside OF Its doors, our
lDvesugatlon9 The majority answer:-'sThere IS
does not call on US TO cali on him until that IL
o0ne." The majority lay great ana give grear
credcnce TO Mr.. Gould. He gave 1t As his opinion
tnat the President was pure and had no connection
with Ine movement What has that 70 do with our
investigation OF causes ~ suppose this Is Mr..
Gould's opinion; or suppose Mr. Fisk las he does)
gives different opinion. We know 1t Is Q part OF
inc plan Ol these snrewd operators matters OF this
quasi poItical nature, where their interests in
question, 10 balance or divide their opinions be-
tween parties. But are these opinions, even II
aOn for calling halt when the lnvesttga-