The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-04-01


still regarded as GRANTS next friend in the
Cabinet. Robson has put on recol d the
reasons which led to COOKIES appointment.
in seni-oiiical letter. from which the
following extracts have peculiar point at
this time:
NAVY DEPARTMENT, wAsurSeroS, May %. 1871.
,r, Wy ~, ihNn ~" a@'. S%er etfs % the issni
Of the Governrn mt abroad Tue truth inst the Navy
hitherto keep iis account win BArisG Broihers q
Co. Of Lonaon: This seeount trsn'ietrea about me
Is did for the roadest ppheai as wei as financial
well - to ,e Afrensheng ofms parry gHi ne Ainin'
. rue hou q JAY COOKE & Co. has. as you know.
large anu extended uierets and influence throughout
nsons piass H1 ne vsIaa oad %heS
Ss @s Se u = lea"5i s9d Which, asss,S,
Ae,c Jerser, and stretches from M western terminus
cine taeir Interests 10 the Sorlsers PaclG anu their
~ ' ser, %aSs s '.rs pg
iotahties irdca fndlSercaf or unnisndig. -
GHoRor NJ RonrsoS"
There is no disguise in this letter. 1t was
believed JAY COOKIES concern represented
a combination of national banks and rail
road corporations which controlled Penn
sylvanla, New Jersey, and other States for
the Republican party and for GRANT, and
therefore they were preferred. Various
private reasons which operated largely on
this choice are however not given in this
letter of RoBEsoSs. The truth was that
JAY COOKIES house had loaned money to
GRANT and RonEsoS. and there is ample
reason to believe that n pecuniary interest
in the profits of the new agency was Sc
cured to A. G. CArrEII, whose personal
relations to the President and to the Sec
rotary of the Navy are well known, and
will soon be disclosed TO the country.
JAY COOKIES house was really bankrupt
when il was substituted for the EARRINGS,
and this foreign agency was given TO 1t as
n prop TO be upheld by the credit of the
United States and by advances for carry
ing on the business for the navy. Investi-
cation will soon show whether there was
any capital at all in the concern except
that furnished from Washington by ROBE
SON.
The kilograms just preceding the panic
OF 1873 make II clear that RoBEsoN had
knowledge OF the then impending failure
ana sought to prevent il by free use of
the public money. Here is one OF special
Importance:
"lova pRANcH sept. ~. 1873.
" Cowmodore WILLIAM kEysolDs, icang SecfetI'y Of
"Giye requ!,iuon in isyor Of JAY COOKE. MccuL.
pay OF navy. GxonoK NJ RoBEsoS."
There was some delay arising out OF Gen.
SPINSrR's opposition, who, MS Treasurer.
had become aware of COOKIES condition.
and of the extraordinary efforts of Rich
ARDsoN, then Secretary of the Treasury, to
loans. JAY Cooke & Co. failed on the 18th
of September and on the 22d, four days
after that event, robson again tele-
graphed to Washington in these words:
"NEw YORK. sept %, 1873
" To Commodore REYNOLDS. Macy Department Rash
cai upon President and stand ready to carry out his
"GKoRGE NJ. RoBEsoS."
That telegram settled the business. Ro-
DEsoS had prepared tho President, and he
gave the order which opened the vaults of
the Treasury. SPINNER succumbed, and
RICHARDSON had no scruple in obeying his
master of the White House On the 2ith
of September million and half of dol
lars were transferred by telegraph to New
York, and on that same day robson tele-
graphed to RICHARDSON as follows from
the seaside capital:
-, :" LoSo BRASScu sent "a. 1873
Your telegram received thanks for your prompt
ness. Have seen ne Irendtnf as night, and by di-
GEoReE N. KoBEsoS."
Two millions ana half OF the peoples mo-
neY were thus, "by direction of the Presi-
dent" turned over to the credit of JAY
COOKIES bankrupt Arm six days after its ex-
a
of that sum there is now n balance OF 500, 900
due to the United States, with a lot of old
railroad iron, claims, judgments, and notes
for so-called security. II the President and
his Secretary OF the Navy had desired to
protect the public interest, they would, in
stead OF advancing these enormous sums 10
the bankrupts, have at once restored the
agency TO the EARRINGS. But they had per-
sonal objects to serve, which are sought to
be hidden under feeble pretexts by ROBE
SON, IN his letter TO Mr.. GLOVER of the in
vestigating committee, but which will yet
be exposed.
A. G.. CArrELL was at this time in Lon
don, figuring as an agent of the Treasury
for placing one of the loans in Europe,
and sent there through ROBEsoNs intlu-
ence. HIS name appears in this business,
ms II does in nearly all the corrupt jobbery
of the Navy Department. His associate,
Pay Director BRADFoRD, was specially de-
tailed for this service, b scause RoDEsoN
knew his man by experience ana by repu-
tation. The best that can be said of both,
is that they were worthy to represent the
present Secretary of the Navy.
| 1t IL in proof that CArTELL was partner
with robson In real estate speculation
at Washington, while he was directing the
patronage Of the Navy Department and
doubtless farming the profits into pool
for their mutual benefit. His dealings
with the Syndicate are yet to be probed,
put II Is known that Mr.. BaIsTow refused