The New York herald., 1871-03-09
FISK In THE TOLLS.
"G0liath" Gray's Story of ''Sam-
son" FiSk'S Cotton Fizzle.
The Philistine Hubite's Version
Of the Affair.


expected revelation Of Fisk, Jr's anclllary specu- |
lation in the case OF Gray va. Fisk. The |
graphic account OF the blonde coloneps views !
on the matter which appeared In the |
HERALD OF yesterday laid your correspond '
ent under the immediate necessity OF furnish
ing the other side Of the question: which grateirA
public can now read for their information nd
amusement. How the matter OF Jubilee Jims. ar
rest about be told In not very many ords.
Some time during the month Of June 1869, tbxs Mr..
Gorham Gray, Boston Yankee and a man the
peer of Fisk, foresaw that cotton waz to be
less o drug than ever before ducing the
modern history or the American universe, except.
Ing perhaps, the early days OF the rebellion. There
was fact little in The market that ne conceived
the idea OF gathering in the whole batch OF limited
CROP and thus make prices to suit himself and In
herit
AN EVERLASTING FORrUTE.
Mr.. Gray first had communication with one or the
Rhode Island Spragues, then with Commodore VAN
derbilt, anu then with Mr.. Stewart OF New York.
ana Mr. LIBBY, one Of the confdentals of Mr.. Stew
arts numerous establishments. With none Of these
gentlemen was Mr.. Gray able TO arrange, although
stated that his proposition iavoraply enter
tanned by ALL the only difference being to some OF
the minor details IN proceeding. Jim Fisk next
approached, and when he had heard the theory OF
Mr.. Gray he readily assented TO II, and finally
which amount was Immediately invested in cotton
toward the purchase of "futures." The arrange
mcnt at this time was that more money would be
forthcoming from Mr.. Fisk for the buying up of
.'spots," as well as OF all "futuresn definition Of
these seemingly inconerent terms to the effect
that 'spotsn means all the available cotton for I'M
mediate delivery, and "futures'' means contracts
for the commodity al certain price, to be delivered
at specified time The sixteen thousand dollars
n hav N fha
arrangements between Gray and Fisk, there fol-
lowed a sudden panic in financial matters. ana
MONEY WENT UP TO HALF PER CENT DAY.
Now, pending TINS rise Of interest on lucre,
Mr.. Gray had bought up all the available cotton,
"spots" and "futures,n in the market, and he was
depending upon MIR. Fisk to furnish him the money
TO meet his obligations when the eventiul and
omary tenth day Of credit should arrive. Gray went
TO Mr. Fisk and told him this. Fisk replied money
was half per cent per day, and ne couldn't do any,
thing. Gray lefL bordering ON insanity. In
the middle Of The same afternoon he got letter
from the Erie ONCE asking him TO meet the Prince
at the dock OF the Fall River and Boston boat at tive
the opera House the evening. Gray again
complied with the request lie found Fisk ana
card; Fisk sent for him to come in; ne
went IN; FISK said, SAID 1t was good show,
ao to all. Finally Cray wanted TO know What
his admiralty or colonelsnip intended to do about
advancing money Tor Inc cotton. FISK told MIN lie
would go out and talk to him about it, Tney started,
and when they got 10 the front OF the door jubilee
Jim said a1d @ On nne want 10 ,s see TINS ac!
Gray took seat, the act was finished and SO were
couple OF others, aud Fisk said nothing.
GRAY COT " MAD AS BLAZESo
and left the Grand opera Hous without even
bidding Jim good evening: Mr.. Sy Gray went straight
and left note containing language to the effect
that he must nave The money to pay Tor that cotton.
as he had been promised or he should take
means TO protect hts credit as best he
could. Not hearing from Fisk the next morning
the Boston cotton speculator wriggled around and
sold what lie could on the best terms he could. Tue
second day as might be supposed the Eriepressible
found out what Gray was doing and he
SENT AN AMBASSADOR
TO Mr.. Gray, with letter OF Introduction. The
caly speaking de was six feet, sure, in his Stock
ings. He said he was in search OF thousand bales
him all right and wanted to know how and where
hc woula have II delivered. The big man said the
Enc teams would come after it, and when II was
delivered TO them he assumed lhe responsibility.
Gray then wIote an ORDER for the thousand bales,
Su,, before re, passing i i oyer sad, Il SUPPOSE you
cotton will come to-" The giant, CONFUSED with
ION NO. NOT MUcH.n
Gray, as may be supposed, was somewhat sur
pnsed but when he mad recovered from 1t lie told
and say TO HIM that when he sent proper security
he would be happy to supply him with cotton. The
The latter part OF the same day. Mr. Gray was In
formed by another emissary that Fisk wished TO see
uIn at his once. Gray Ilougnt the matter over,
ana finally concluded that Prince Erie might have
relented and he. therefore. concluded to wait upon
@ e tns 1ry @ way 70 s 0pera
as ''How are your" Jumped up from LIS desk, ex-
'YoU ARE ADD PRErTY FELLOW,
compliment which Gray probably returned, With
out much soclabllity the couple proceeded at once
TO business. Fisk said he could not supply FUNDS
the purchase OF cotton while money was q half per
cent per day, and wanted to know what Gray was
gong 10 do. The latter told him he had ALREADY
done;r that he had borrowed money to meet his
Obligations at the usual rates OF interest, notwrh-
standing the ruling price on the street. There was
a brief but unmportant conversation after this,
and the result Of 1t Was that 10 use the phrase Of
wen known Boston Irishnan they botn separated
together"
GRAY MANAGED TO PAY FOR HIS COTTON
promptly on the day OF his obligations, aad lmme.
dately alter he rendered his account to Mr.. Fisk
which he claimed balance Of loss OF 81 200 due bm
on account OF breach OF contract uy not failing to
supply funds for the payment OF the cotton con-
tiacted for pending the rise in money. Cray de-
nanded this amount and Fisk refused 70 pay it, but
anime the amounts. The latter refused an exami
nation. except by FISK. until lie was satisfied tnat
attorney and he sent him letter to this effect
Having sent the letter Gray reflected and revolved
the matter 10 his mind. and finally came to the con-
PIsK MEANT TROUBLE
SO he went and his attorney, meaning to be the
first in the uncertain field OF the ana courts.
The result OF this was that the next day Gray
SUIT OF $1,000 AGAINST FISK
Tor a breach OF contract. few days after, while
sitting IN an onice IN New York, Mr.. Gray was
waited upon by the same mammoth individual
whom FISK had sent to him TO buy cotton Few
weeks before. He said he wanted TO see the certin
cate OF deposit Tor the $4,000 which Fisk gave for
the purchase OF cotton when the speculation was
entered upon. Gray said he dia not have 1t with
him, but referred him 10 the Trust Company where
the funds were deposited. and where he could be
satisfied Of the fact The big man would not be sat
s1ed with this, but demanded the certificate Of de-
post Mr.. Gray beng unable 10 comply with the
demand an officer, who was waiting outside with
the necessary papers. was called IN, and
X. GRAY PRISONER,
the specified charge against him being the obtaining
Of $4,000 on false Dretences, all OF which TO
the efect that lie took the money to buy cotton aud
dld not appropriate II In the manner as stated The
officer took Gray to the City Hall, In New York.
where OF his friends gave the necessary bonds
OF $4,000 or his appearance TO answer TO the charge
mentioned above. The bonds were accepted, but
the official In charge said he should be Obliged 10
mold MI. Gray for ten days. until the bondsmen were
found To be GOOD. Gray now opened his eyes. The
idea flashed upon him tnat Fisk wanted him Gagged
al aIanc Mace fu q lIlaa