, 1873-08-20

L CORY ENCOUNTER.
Tho Bulls aud tho Bonrs OF tho Go,d-noom /
have boon for somo wnoks engaged in feroo
struggle, and tho Dulla havo got tho best Of 1t.
On Saturday they quietly purchased gold to tho |
amount Of somc millions OF doharB, and then |
tho prico advanced. Tho Bears woro naturally |
out Of pocket So far tho transaction was puroly |
tho out-throat practice Usual botwoon tho OPP
posing parties, but tho Bears, finding
themselves covered with goro, arc rush
ing to Long Branch with lottor do
manding that tho President como to their re-
lief. ThoHo unfortunate gamcstors represent
to His E1colonoy TINT they shave suffered sori-
Gus losses during tho past yoar, through a
aucccssful combination in Wall stroot by
apeoulators, tho mca mixing tho statement
boing themselves spectators in Wall atreet.
They say that these combinations are most Buo-
cossful at those Seasons whom tho " demand for
funds by tho othor class Of spoculatorB ID tho
hoayiest and then toll the prosident that these
successful spoculators will probably practice
their game again this fall. They toll His Ex-
collonoy TINT number Of ,nsorupulous capl-
talists have agreed to hoard their own money
and not lond 1t out, aud that this will take place
just ut tho timo whom tho money will be wanted
for "moving tho erops," aud that they (the un-
scrupulous aforosaid) arc relying the want Of
oourage On tho part Of tho President to violate
the low by an ovor-iasue Of groonbacka. They
therefore ask Of the President An " ASSURANCE"
TINT II, at any timo this fall, tho Bul1s Of Wall
strcot shall got tho Bears down, ho will ordor
that tho United States Troasury shau issue
greenbacks in ouch m amount. beyond tho limit
prescribed by Inv, and also sell as much gold aa
will relovo the Bears, and onable them to over
como tho Bulls.
From this manifesto It will be soon that these
Nov York gamblors regard 1t as q moro question
OF courage whether tho low shall bo violated or
not, and toll tho President thst the impudent
Bulls CHIN TINT he "dare not" violate tho
inv by directing m ovor-issue Of greenbaoka.
The victimizod Bears seom to havo no doubt OF
the courage Of tho President in this regard, and
they do not hesitate to suggest to him, Us Fisk
Gould, and Corbin suggested few years ago,
thnt tho necessity Of moving the crops would
warrant any interference of the President, or
any use of tho national funds, no matter how
strongly prohibited by law. Fisk and Gould
wero, however, moro delicato in this matter.
They did not publish tLoir estimate Of the proai-
dont's regard for the law, nor did thoy intimate
that anybody said that ho "darcd not" do All
illegal act. They thought 1t more appro-
priate to select some member Of tho Presidents
family, md through him mike tho suggestion
about the necessity Of moving the crops. It is
rather singular that in that instance Jay Gould
and Jim Fisk satisfied tho President, through
h1r. Corbin, that the higher tho price Of gold the
more roadily and advantageously tho "o:ops
| could bo moved" and what they wanted Eaa m
ASSURANCE from tho President that ho would not
permit tho Secretary Of the Treasury to break
| tho market on gold after they had run 1t up to
the point whoro 1t would move the oropB." Mr.
Corbin gave the assurance and pookcted his
e25,o0o and Fisk and Gould successfully
bultod tho market until it wns broken
through some other influence acting on
tho President Now we hayo tho President
appealed to by tho othor gang Of speculators,
md tho Boara publicly inform tho President
that tho crops can boss DO moved by having tho
prlco Of gold rs low as possible, and they ask an
ASSURANCE from him, as the head OF the Gov
ernment," TINT, when tho time comes that tho
Bulls shall attempt to raise tile price OF gold to
move tho crops he will open tho horn OF plenty
at the Treasury, 30 TINT they can moYo the
crops. This appeal to tho President is more
creditabo than that Of Fisk and Could In that
It leayes Corbin out. It forgctB, however,
thet tho President Ia On record In favor
OF high-priced gold 81 airorlng the best means
to move the crops. and whom it tells him that
tho cropa eau only DO moved by keoping gold
down, It is an inBinuation that tho other theory
was a bllndor.
But the most offensive feature Of tho whole
case is that any person can fool warranted o.
justified in appealing to tho President to dlrec1
the Iroasury Department to interfcro in the IN
torest OF either gang Of the Wall stroot gam
blore, or iu assuming to ask him to promise tia
il tAoeo bctting on ono aide arc in any danger o
loeing their bets, he will violnte tho law by Civ
Ing orders for an illegal issue Of grecnbaeka.
-
The owners Of cockpit at Weayorlam, Eng
land, aud flftoon spectators woro rocontly ar
rested, brought boforo magistrate. aud tinos
S25 oaol and coats. for having participated In
ooutaat batwocn two birda for tho championship