American citizen. [volume] (Canton, Miss.) 1864-1890, 1872-10-26
The Ring. Robbers in the Treasury.

/ l.
| In the midst of peace Secretary Bout
well declares war. Our Washington dis
patches this morning supplement and
| complete the scandalous revelations yes
terday made in Wall street by the open
| sacrifice of the published word OF the Ma
tional Treasury to the speculative needs
of knot of financial gamblers. The
! subalterns of Mr.. Boutwell, in the Treas
| ury Department at Washington, after a
midnight consultation with the ENJOYS of
| a clique of Wall street spectators, deter
mined on Saturday last to violate the pro-
gramme of the Government for the month
| of October by Il sudden sale of gold to an
amount more than equal to the whole sum
which, upon the faith of the Treasury.
the merchants. tradesmen, and bankers of
the United States, had been cheated into
assuming would be the basis OF their le-
ultimate calculation for thirty days. the
most important thirty days of the whole
year to the legitimate commerce and the
legitimate finance of the country. 1t is
not an abuse of the force of language to
describe such a consultation in such cir
cumstances and at such moment as
simply conspiracy. To that conspiracy
the President of the United States was
personally party. He did not contribute
to it, indeed, any intelligence, either for
evil or for good, of the financial condi-
upon; for in respect to all questions OF
this nature President Grant occupies the
position which Secretary Boutwell, as
sumed towards the balance-wheel of our
immense commercial interest when he in
sOlently declared to a leading banker of
this city that ''about the foreign ex-
changes of the country he neither knew
nor cared any thing at ALL" But the Off
cial sanction of the Presidents presence
was needed and given, in the absence OF
Secretary Boutwell,, now upon the politi-
cal "stump" in 4 remote region, to give
the New \ Ork managers of this Indecent
plot complete assurance that they might
rely upon the cooperation of the Treas
ury through its subordinates.
The plot once perfected, the New York
managers of the plot instantly set the
wires at work to secure their personal and
pecunlary advantage over all other ban
kers, brokers, and moneyed men in the
country. The operations of yesterday in
Wall street continue the disgraceful
honest and intelligent business man in the
United States his absolute and helpless de-
pendence, in the management OF his per-
sonal affairs, upon a clique of unscrupu-
lous spectators who have secured as their
weapon of control the Treasury of the
nation, and as their accomplice the minis
ter into whose hands President Grant has
the United States, and the fortunes of their
citizens. Is it possible to doubt that this
minister, the avOwed accOmplice in such
transactions of such clique, is their I'M
avOwed partner also? The personal in
tegrity of Mr.. Boutwell, had already been
impeached in a most formal and serious
manner by the revelations made in a court
OF justice of the course pursued while MIR.
Boutwell, was in Congress by one of Mr..
BoutwelFs colleagues and personal friends
Mr.. Cakes Ames of Massachusetts,. To
that impeachment no satisfactory reply
has been made nor can any such reply
be made until Mr.. Cakes Ames is compell-
ed before a court to retract, as before
court have been advanced. the charges on
which it rests. But the offense which has
now reen fastened upon this unworthy
minister, of direct and active completely in
the schemes of cOnspiratOrs secretly man.
ipulating the financial operations of the
Treasury to their own instant and immedi-
ate profit, and to the incalculable pertur-
baton and distress of the whole legitimate
commerce OF the country, still more
strongly impugns his personal honesty.
The presumptive evidence against Secre-
tary Boutwell, to-day is kindred in nature
with, and but little it at all interior in
force to, the presumptive evidence which
had carried conviction of the guilt of the
''ring-robbers' of New York home to the
minus OF all reHect1nS men long DerOre the
untiring perseverance and the legal skill
of such men as Mr.. O'Conor. Mr.. Green
and Mr.. Iilden had nailed the damning
truth in upon their foreheads. And this
Secretary, thus branded by the indignant
and justifiable suspicion of the financial
community, now proposes, in the seventh
year after the conclusion of the great civil
conflict, to throw the whole country back
again into the fever and disease of war
finance by a sudden imitation Of the cur
rency to the extent of $44 900, 600! Upon
the fatal consequences of such an act to
every vested interest in the land we do
not propose to-day to comment. The in
telligence of every thinking man, of every
experienced banker, every legitimate mer
chant, every honest trader in the United
States will anticipate in anxiety and alarm
all that can be, all that at another time
must be, said upon this head. Suffice it
for to-day that we hold up to the righteous
indignation of all such men the scandalous
and shameless personal guilt of the min
lister whose subordinates hesitate not to
proclaim his purpose to perform this act,
and the low personal influences under
which that purpose has been conceived
and ripened.-N Y. World, Oct. 8.