New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-02
PRICE FOUR CENTS.
pat gold M still further and 10 continue he WORK 81 's'
previous day a still larger scale.

WallSt, reading on their way from the lnorni"H P'p
the unmistakabe signs Of the wrath 10 store fo' 'Do
Nothing can more strkngly exhibit the artificial and m
uaura character VI speculation in gold than one 81 '
answers OF Mr. Fisk when asked Why nc fCareo any
sale the Treasury could make while the Clique hed car
for =ix times much gold there wac m tors on
ID idle the sub Treasury, and much more than Doth w
/ Treasury and the city could command ne a,s".,N
" oh. our phantom gold can't stand the "e's'' % w
they made Heath's Office their headquarters amt
OF runners their elbow, issued the final orders Tor '"
grand assault upon the c9meTe'ni cor ho. name ALI
chases that day were to be made flss was 20 Sy. re-
orders buy 70 leave D. 10 ne fletieu ,pss
were ON account himself aud Gould otherwise Dron'
would not have executed the orders. NiIsIu we ~ a.
money thew could by way Of margins from borrowe
Speyers deceived and conhdine but ut!efy a.
and in iudcjOus was he the convenient 1901 10 W" ~
the market in the Gold Room. smith, osborne, D%.
and Tmpson, and other leading brokers OIL Sn' fe
were 10 frigbfen OF gold INTO priva'
ments their Offices and Jay Gould tne slhy bb J'
OF an these criminal proceedings, determined 10 49,
hiq own ayoca,cs silent and mperturbablo by mods ad
whispers directed ALL lie knew mat uay 1871 %
ever the value Of silence and he testified TO me c3n
nittee " had my own plans and did not mean thai
anybody should say that had opened my noun 'D''
A o'clock speyers received his first instrneou lie
testified tbat ne met Beden coming 9st o. ~ y9
This will he the last day OF the Gold Room We nav"
right call for sloOOOOoo at certain prce and v"
have an immense amount OF money ana can Ony an u"
right !" We had now reached Mr. Heaths office ils W
said on TIE way 70 Heaes G ,a -, %h 10 iG
could at ii5 or under me spoRe loud 10 the hea,Ogof
eyybOd the market price ,6sn Vent vs. pG I" t i
Gold Room, and began TO bug cautiously. M.
standing there, slip of paper was handed to me, on
which was written, PatitGp to $50 az onss" srn.H
tnucd to buy until got it up to lSoi went to NJ
ported Messrs FISK Gould, showing Ooth 81 'hgm
what had done FIX said All right 20 bach sno i95'
FISK and told him what had happened, VIZ: tbat GOA
had gone above $50 lie sad he had Lizard 0 ~ 'nH A'
leo but you viii be too late for have given order, i
other brokers already to buy at 1907 then .ent bsh
bought lot at 100 reported again to Mr Pes, sod BE-
told me that perfectly SAFE that they hsd th'i
own way doing business and that should ')nHhu' '
S@yy at i5o goId Passed at iGo and Went up 70 le5
Before noon Speyers had purchased He%Iy ~ &
swears be has means % knowing no" m9eh Soio N'
bought IN his name mere rt lIs s 6orOTes o. o one
after another into their private Offices. anu ~ W'f
on their fears and threatening them 70 advan.e t''
private settlements ruinous rates. Al shots ns'.-
Gould was sitting aud reported these settemans o
still spcyers ordered ~ buy buy, ouy aha hog 10 '
Que i6irg was Of course essential to cOupein soe'-
that dly The clique needed vast sums Oi MONEY 80 '
to be able TO pay for the god tnat paTtes VIZ IN
to place margins IN their hands msht IttNI" I" ."'
For this Gould lad made, as nc Thought a,oti
he had some time before purcha3 ed courtroom ''''
in the Tenth National Bank and used tuat .''l 80
bank ne wrote letter, the day before tEe pg''' '
teein: them from lose through cel1H!.-1 l - '
"RnssHu A. Nill. clerk OF Heath Co, ps. H' ga
!. - M raufl, National Bank bad .Lii lob t'. a.
Y IN an unlimited extent mat day. : snort tiDi' o..
1 | one OF the officers Oi tue DanA Come --'' o. .
: | william Heath y CO., and SAID IN.
n | the bank 10 certify. ther" were .h'' .-.'
{ i'm there To prevent ~ 70 - IN e'Id'uce Lot %"
. The bauI, eriel clesks the amour, 90 tf' 30, .
= on Friday, notwith'H standing the pfgsent, = 40
+ ers, certhed Sl,o"oe0 more: WINE t!, .esp,,',s
! was gOirC IN NeW-1oiH rs a.HiI1li- 10 81 Ia
> en,cts were reaching and p-raylng ne Dt-'e9 =" '
p whole country, and cary lug terror quo .. ~. -" I
Business every where, from b w.. f . q
. ! read disaster ia ever new bulletin, lLt - -. .
; Illustrated 80 rapidly tiat Tue TIC .oa .i
! mechanism ii taesc indications Is mof' 4, s.i IN r
{ currcuf, carried ON tcleyIaph!c Wlts' u...o.r o.,
Cold Room; ard IL is in evidence thai ~ .-a3y p,
these wires nelcd or burnt on III III tL'''. TIT
c IN the meautue Two ioses weie pI5ps.iI /. - .
4 lanes Br0wn, a scotch banker OF &ew-fcrb, goa
ported BY many leading barke.s ana Il .g"'l.- e
/, situation Of All those whose legitimate AH -.
o lie purchase Of gold exceedingly t-...''!.
: bOldtst Of them, under The lea! ot It"ri.f
! great crowd OF speculative be4Ia, DO G-.i
Q break down the conspiracy aud pun down q '.'
gold by heavy sales. The other was Ilo' v-.' ' "
7 National capital.
TIE SALE OF FoUR MILLIONS.
The President returned from PennsylNan. =" ha'P-
nlton On Thursday the 2, and that efeninS bAh con-
suation with the Secretary OF the Treasury "oneero'
the CONDITION Of the gold market The testimony 81 NJ"
Boutwell, shows that both the President AM '' ''
curred i'm the opinion that they should II pos AZ 9i
any Interference Oh the part OF the ,OE.! no - ' t'
test wbca both parties were struggling ~ p. t'u
bur both aSreed that II the prlc' Oh g9iH s s.i,,'
sun big CHER as To threaten general Ihan'. H' %
would y their duty 30 migLCIr ana ptOu'l l"- '-'
| IuleIcs 81 thc county, The EtHl pWIhi- - '' co.
Nauced Ilpidly and elrgrsphs poured it'' Nr goo
from all parts oi the country eNhDilnylA T. -" az
and urgiug toe Cow rBiueht 10 lntel lefr "LH ps
nrevept atU1Icidl crash. Soon after IL lbs ., l''
called at the Executive mansion. t0cteFhl avs
Mr. Boutwell, says tbc President expir,s.u ~. "pn'"
immediately that We ought To 'eh Sl,Nv1"' kcNlr'
= he opinion that We ought to scIl s."S0. which
ssII mcstt ,nmodatey, w.,n6dt sayIs 10 mm beticr
would order inc safe ~ StOO0,cOo OF SO,oN" 90 ~
other sum, except that Il was agreed upon o.
should De sold. While going back To my o.l,' tn So.
{ | the conclusion that l ~ould adIe!.a" @
> tnrn To- my office | dictated dispatch "''
I copied by Mr. Bartlett, my shorthand NlltsF,
en- aseSed and 10 6 sy' , TSSSS Of o" bonds -
sec ,yas non >rypher, and there WAS no att,iNp 70
secret Tidi s We one sent Sy the Western IN" -
was tsIGey Il The =, ~asnry il:.2 WASHINGTON n"'. Dr..
REACHED Gen Buttcrfie ~ a,,S d,r,d ar The r.
sfI5 I Nn Sne ttanha L. 'en Bgerned s5
AQrk lLle. The actual time ., 20 Cen BI.f.ff
aPaiifm IRON 1ns 9yete" eeeh end % go.
lne was eight minutes. he same owe. ',up,ry M
the branch Oiiice OF the western UuOn & :. ,t.fr f
ngton, there was delay OF eight mimi "olu. t...
operator could get control Of the wire. Tie a.. lad,
| after careful examination, found 10 evidence -.
officers or employees OF either company were apls y
10 their duty IN regard 10 tbls dispatch lscoui"hs
New York by outside experts standing near TIE in',io
Gold Room IN advance fits publication; but the i''"
| On that point Is not conclusive.
THE BURSTING THE BUBBLE
A few minutes before NOON when the eKcim'n' h 'h'
Gold Room had risen 10 tempest they onerc' 20 -"
million at 100, then another million no lol "i '
five millions more at leo, and the market broh" A''l
ten minutes afterward the news came that ne '''A
would sell, and the break was conn iae T., .i "
space OF is minutes the price zen from 100 70 o'' @ pc
i'm min IN was not without difficulty that tho 'Hu p
tors escaped from the fury OF tltr victims ''" ,'N
refuge the uptown str2 ghoia I o,yI " III -
| Railroad During Thursday ana FRIDAY the} IAt f'iI
ont M high rates large part Of the gold they fI D"
| nd hn.iu ms tp NM I'd s4