New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-05-26
port member of the American bar the President OF
the National Bank at North Bennington, Vermont" ana

rcca 81 ALERT Grant the greatest manipulation Of
speculative shares of modern tunes agreeing 10 Pay oy
therefor rate of compensation which may De sa 10,
him Int which in this country Of primitive notions Wou
be deemed decidedly magnificent now NE Provasa III o
CONTRACT for sustaining the market penlng the aioS
ment by purchases Of tie shares at fictitious pre-
NUNS as 10 gather IN Tue inoney r ~, I'M hnt
inyesors process said TO DO usual In Engianu, pu.
Witch here would be regarded little short OF roDDcry
how widows and clergynen and alf-pay oIcers anu
their scar, capital the hope Of securing permanent
dividends at high rate OUT OF an it Sst ma be
thankful that such exceptional cases are rarej now NC
ingratated himself into the confidence OF ihe Am i,h
representative the Court OF Saint James so tht
in two snort weeks he felt irresistible desire 10 shower
dement's upon him. and to relieve HIM from the enbarIss
ia, income how he inspired the Minister With That
charming confidence which accepts iaVors Whc"a sue
poV rn.nsctus containing statements calculated ts
persuade the most wary, but when turn ou 1 ,ho
entarprise how when he about TO lose by the res
naiop OF the American Minister, the main stay upon
shares of the Company which had been tied for tn
he procures letter which declared 10 be IN enect
better than TO have the Minister remain as dreclor
wherein his own character Is rend1rsed anu ,ne
value OF the property rcafined; how everyDouy WIZ o
eoaiu as~st o y n w "IIs az the senator from Ne
yada sal castcay describes them, upon the FUNDS COZ,
lected from confdng public. SO that by long pun,
strong pull and pull all together" about 81 OOOooo
was expended in preliminary expenses; OF WHEN
the great American banking house OF Jay CoVhe,
McC1iloch & Co. got "a pull" Of Sl25,000; how, when
doubts had begun TO arise as TO the continued pIouu
been sold he procured the services OF the
of the COMPANY BrS dgcsW ams, esq, NJ T., 10 make
personal examination OF inc hine py tne Me- pay o o
$1,000 aud cali oi or right to tae Zovo sn rahI
stock ut price at whic the call could only De proh'e
to the examiner the result of favorable report no"
the favorable report was made, and the reseisen sne
were sold at premium Of 81 per share now wheh INC
public supposed these were still tied up Iof nohts "
come they were all sold within two weeks Of the receipt
by telegraph of the report how even the astnle aaa
accomplished Albert Grant was naaeea d. py yans for
oue-half the profits, and accept 81 per shafe
lieu thereof how sS o %S co a%ssa 70 on the the
sock which had been allotted 10 Gen schemes aia
how the same was credited on schenchs h9le 70 ~
failing like mamma from heaven now raIh nousn, . .,,
sold shares through dark ana devious courses, ch
ing out at the end with pront even o 1 ,se oyer
apiece in London, nc bought out his partners III Se"
holders meetings ma London which he attended, every
thing was made lovely for everybody 80 tna no one up
pears TO have any legal ground against him FOR indci
nty although dividends ceased after IL mouths anu te
slrts selling al 20 shililiSS apiece no" ths
OF the Atlantic, that Park declined io lear OF ,he con
sequences 10 put his accounts npon ne recoii, Or 70
testify the amount of prutt which NJ e@lZeu LOT
sale Of the shar's; how beits are peuais agals
newspapers VINO have NcDturtd 10 express hhf"iao'
greater scandal in the business ana dihohaic moii
tnan any transaction ~ modern times, To tt spcccr V
which the aGtuor cfIts being Irenor W. PARK TRIUMPH
amy shake not thy gorv locks at me;
All this and much more ~ ,se same unsavory sor' can
be ned pcrusal Of the evidence herewith SUD
m ted but these are matters which only concern Toe
American people because they serve 10 Ow tue injurious
quenres the British public and to tho ialr fame
of the United states Of the failure of tdc Government 10
DIAL promptly and firmly with rs Minister wh,h " MS
bcoOrnug director and by his letter OF Iesighutu hs
Race tc grave aud irlparable mistake OF indOrsihE ana
rcndOrsn the enterprise and the men "lo nave causeu
tIs great disaster ana this greater reproa'h
WHAT PUBLIC SENTIMENT DEMANDS.
What the Government failed to do tine American pco-
MD, demand Of their representatives, the stern con
denim ton Of this departure from the traditions Of the
fttfs and the accepted usages Of diplomatic life. espe-
y btcausc to IL credit he it said II Ia tue first synp
tom IN the foreign department OF the Government
OF that general decentralization which seems 10 have
crcnt ind cycry Other branch OF the pablo scry-
ice Tie Republic can now only he saved by the
exercise OF scr, relentless, uucumpron,!nE virtue 10
fn,lu, Ia surrender any uucs ion OF principle, and
luitnE =" - st,,.iv 'dcstroyIng I'm their very
bir,h the germs Of corruption, which. u allowed
free government, great inheritance and the ehiei
hop" uf cur pvstciity. -
inc people arc therefore In temper Ia allow sym.
tthy Win any however eminent las Services ana
long bis tenure Of public onice and however lhueh ne
may hc criit H. by reason oI ms ~i.hi,ci 3's % IT,
IMPAIRED fortune to the tender consideration OF TINS
House to interfere with TIE yindicd0n o The name,
honor. and Ia irhty Of The American people from t.e
crit cu 0i thc cIyiliz d world arising out 81 the errors
of Judgment Of Us public servants or OF TIE Adhnsfi-
ton Tic time has come when TIE public sentlm nj ue-
iau,ls more thau economy, more than hUnc.y IL de.
maids purity and sclirnla from 10 officials. Inc nid
a. nrraon OF public men Is passing ava, win ilir hfht
century of the Republic Fow men are left awe VINO can
uatc back 10 the time when tns Government N"s
founded by the yIItue and tie sacihct 81 tie
plli1ts who achieved our independence; Dut Inc
sentiment OF honor and The spirit oi seli-tlcnLI
Lcn lei them 10 stake their lives, their fortunes, and
their sacred B0nor" for the establishment OF gov ern
uicnt in which principle and pnnty ,h1ud DC IN CON
ditiou of its existence III survive ard * msidhc 10
s,,1s that because they have Grown r1ch and powerful
people OF this country have become ener'ated shame
Tie spirit abroad is the spirit OF reformation. The
people are determined To bring back that better era 81
Inc Eepubic In which, when III N cOnsccatcd themselves
To te pubic service they uicrly aDhcgated al sti'h
purposes when pubic UliccTs rejected gts IA uisohos
M alike 10 the gvcr aud ne tdhtr when Presidents
II q
poverty when Franklin with ms modest income ana MS
uncurtly costume, though he had thrifty innd
rejecting all thought OF gain wne employed III te public
SERVICE held IN more honor thin The PROUD ~ en-
bussAd0r of the rroudest empire wheh john quincy
Adams sold III bank shares before lc would take
mis- seat IN Congress, icst his vote might bo
called In question; when members OF oonsress
knew not the mysteries Of Credit Mobller !;
when members of the Cabinet we're selected because
they were statesmen, honest, capable, faithful, and
not because of their skil IN managing party politics;
when 90 be summoned into tue pubic service vas price
less honor ana not an opportunity for private gam Wheh
Inent. because ii had not yet been formulated uto the
periunctory platforms Of party when change of Ad-
m.nstraliOn did not uaugirdte dsgiaccfui scramble
for place. and the fatal doctrine to he sctors belong
the SPOTS had not yet bceh invented "heh thc ldct
OF a the suhordinaton OF tine rnstee ana all
personal nerests to the ghtiul claims oi those Tor
whom hc acted; when lawyers were not accustomed
TO Speculate upon tie rights OF their clients: when
vendors suffered 10 profit 10y false representa-
TONS; WLcd tue honor aud lame OF the nation were
drrer ami greater tn the reputation or the fortune Oi
any cuzcn when de- eneTtc men who were willing 10
barter away the national honor In foreign Lands ~ eA-
cnaLgr for private gains, however great, would nave
been glbbctcd Tor the general cSccIatiOn.
II this that tine present investigation II or
TIE gIayest Importance aud II Indicates more healthy
stale OF public opinion, and 1t should be- matter
general congrutulaton that the Committee have
been able by the exercise Of mutual for
bcdIgncc and pat etcc To come 10 "a unanimous
ooncus0u. No public money mas been misapprop1-
aled but the national honor, when is above AL money.
has furnished, thJugnucssy, You WILL Dut II
by The nG.ake aud unconscious ignorance OF great puo-
Onccr, has NOT yet altcr the lapse Of four years,
been properly rebuked Dy his own Government.
Iner, are positions a'd circumstances IN which *
nOrance il as lnischieVOus ~ crime; ana | feel
strained and greycd Ia say that the connection of the
American Mnlstcr at the court OF 81 James with tIo
Emma Mine belongs 10 tuat category. We may pity,
may sympahze, but We must cOndcnn IN Greer ,at the
condemnation winch belongs 10 hiIn ANA the Admins
rtiun should longer rest upon the couscenccs and
the OF tn. American people, and that II snail Iur
Impossible TINS nuIiialng oileu-c be
a - -.