, 1870-03-02
WEDNESDAY, MARCH 2, 1870
TIE 1ULp CONSPIRACY.

TIE GULU CU0 1AaAt&s
We surrender much space this morning {
Il, The evidence concerning the gold specu-> {
latiou. in New York last fall, taken before I
tie Committee Of the House of REPRESENTS
tiyes or Banking and Currency, aud now
published for the first time. The essential
portions Of The testimony Of Jay Gould, A.
r. co11,in. Horace Porter, Daniel Butter
Ee,a, nrl George S. Boutwell, are given in
Irl, a2d viii richly repay perussl, not only
because Of the new light in which they
place th> events Of last September, but as
E.alics Of Wall street and as studies Of hu~
man p5ture.
Nobody has supposed at any time that the
President or any member Of his family
was concerned in this "gold conspiracy"
rs Il is called. Insinuations have been
tlrovE out from time to time, predtcatea |
upon Corbln's connection with the matter, |
Implying that Mrs. Grant had 81 interest to !
the e1ttBt Of $aa, GOO bnt no respectable !
rcvspaper OF person has attached the |
slightest importance to them. The tessi-
1aory now brought forward shows .hst
Cor1'in endeavored to give Mrs. Grant an
Interest in bonds which he was car
ryirg for his wife, but that she
h,tly declined his proposition; that
Gonld's offer TO make the Presidents PEs-
ya.e Secretary partner, to the extent OF half
a tnili3u+ in his speculation in gold was
likewise spuzred, and that Goulds memo
rauaum Of purchase in Portets name,
Which lie had the impudence to send to
Waslircton in package Of letters for~
esrtled by Cosb:n to the White House, vas
sini1ar)v treated. It is shown that The
50, ,Gan check. ont OF which the slauders
acairst Mrs. Grant were fabricated, repro
sc1ted balance On Transactions through
Gauld in which Cortin and vile, and they
culv, we're interested. Fisk's assertions
,Lat, in giving currency to these SANDERS,
lie eas only repeating what "that old thief,
Ccrhir.~ la3 told him, are pronounced
ta,se l,y Corbin; and the 1nnre probable
orinlcr, on tie whole testimony. would
recm 10 be that they were coined by Fish
Tor Ii. o~n purposes.
The testimony shows, further, that
Gsrl:l was after the President at every
tuzn, ut Corbins house, on the Sound
beat, at West Point, in Pennsylvania, at
Washington Corbin playing jaekai to the
Erie lion from first to last. The mask fol
the scheme to advance the price OF gold
was theory originated by Gonld, accord
ing TO Gould, by Corbin. according 10 Cor
bin, and, perhaps, in point of fact, strucE
cut by the stuition Of Gou]d's head viii
tbat Of Corbin, whom be styles ga very
strcwd old man." The theory was that, te
enable the crops to be moved from the
West 10 the East, and from the East to Ea-
rope, gold should stand at 40 to las; AMI
that the expectation ot hundred millions il
wheat having been effected, the balance o.
trade would turn in our favor, gold woul!
Cow back, and 8 lower rate
100 10 le5, would be established
The frs: attempt to talk this theory int
tte President, on the Sound steaner, failei
and 1emnrk Of his, to the effect that Of
prosperity was fictitious, and that It ma
tered little how the bubble was p1lcke
convinced bis hestera that he was " q CO,
t1ac.iouiss,~ and led some Of them TO 6
lid Q. their gold ut once. Later intervie
seem to have met with somewhat more 81
cess, and nay have assisted in creating
State OF mind in which, according to j
Boutwells evidence, the President s.!
cested in letter to him that it Was 81 uns
eirallc 10 force down the price OF gol
Bas, according to the same witness.
President to39 care TO add that he "haa
desire to control my [Boutwe1l's1 purpose
regard 10 the management of the IFeAsu1
tia. he vas entirely wiling to leave
matter wholly in my hands," and anotl
l. Yntn f.r frofn ana
tic suggestion, urged Mr.. Boutwell,
s'noyc on" The President, 50 far fl
suspcctiug conspiracy between Gould !
his hroth+r-in-inw to influence him, vlsi
Lis displeasu1e at the admission of q Z
into Ccrbin's house who seemed to bo
ing to t'fnd something out from hi
upon Corbin.s innocent porter, instest
his guilty master
Then comes the letter despatched
sreclal messenger 10 the President Will
Waslit eton, Pennsylvania, 80 letter writ
at Gou1d'a suggestion and reinforcing
Gou!aCozbin theory in ettenso. Not
r:eLt," hut "no answer, was the Preside
remark TO the messenger, whom he
POSED 10 hare come from the Post Ol
On leaning that he was special nesse1
5rcu New York, his suspicious were inst.
avukered and that very evening he dict
to Mrs.. Grant sentence for her lett
Mrs, Corbin. ''The President is distres:
thc wrote, :" at the Eunors that your
bsrdis specp3atin IN Wall street, and
he will Instantly disconnect himself
ensthiuG OF that sort"
After his return TO Washington, O
H. E-i1nr " ha T
tent And Secretary Of the Tteasnry +
over the gold market, and we're both
cpinion TINT the advance was unnatural
that, i ii continued, the government I
to iuterpose. The time sud manner o
ton wire, however, left to Mr.. Bou
The next Sunday, Cozbin appeared a
While House. but when he undertc
lead 4bc conversation among the bulls
bfn1n he received SO short au nnswe1
be did no. date to broaeh the st
ucain. Corbiu reports the remark
t.Tsis matter has been concluded
cannot orcn up nor consider the sui
General po1ters version Of the con
tiou-the more probable one-is:
r. rim, "There ras been trouble IN Se'
4 rteat m1ry peo2le H1e rEtocd. Tue hs
III hfart bare both suffered serere'y"
J,ts,ltrt l.utp:pE ruu1dl - an 10
to:ry 10 reari+, srd hate no tSnpasnJ
Eau.a.e1B-'
Tic testimony is decisive az tn the
Ituts utter ignorance Of the sche
which corbin and Jsy Gould were I
Whn:ever he suspected WAS matter oi
eace, and be had the confidence to
that lis hruthes-in-la law told him ihe
t:u.b vhec, in answer to the LIN
corye.e! in the letter from Mrs. G
Mrs. Co1Ein. be filed general den
the President Was for an iusta3t mi
Tic s7scious Gould corbin thedET,
lis cr1y error in the matter
The o.het matter Of public imp
uron which Lights thrown By th
nlony, concerns tie condnes Of The
mt Treasurer in New York, Daniel
FIELD. His o~n testimony is sufis
raise grave doubts concerning hu
integrity. He admits that, vi
Gould proposed to buy gold +
be did not ssy that for
IN his position such 8
nc,sbip was impossible,
! silent, fea.ing-this is his lame ez,
that whatever be might say ~oul
etrued into an expression Of opinie
inc the conrre Of the market HI
III {HY7 r77ft