The daily Argus. (Rock Island, Ill.) 1873-1877, 1876-03-30
FELLOW FEL0MS.
Robeson's Hour Has Arrived
and the Nations De-
liverance is at
Hand.
A CHAIN OF EVIDENCE AGAINST
HIM MORE DAMNING THAN
THAT AGAINST
BELKNAp.
Millions of Public Funds Presented to
Bankrupt Bank for Part
isan Purposes.
The Preeident's Interest in This Infamy
Said to be Purely Advisory but
Personally Beneficial.
robson MUST FALL.
Special Telegram to the Chicago Times.
THE ELECTRICAL FLUID.

WASHINGTON, March 2S.-Lightning has
struck Robson at last 1t is safe to say
that the thief of the navy will step down
and out before Belknaps sentence has
been pronounced For some time naval
circles have discussed the pending investi-
cations of Robson by the house COM
mittee, and the general opinion was that
however dishonest, Robson is too adrolt |
to be caught. Admiral Whittehorne' S |
deliberate searchings have covered a |
vast field, and the evidence is absolute |
and accumulated that the navy depart |
ment has been conducted on the same
plan as the war department, only more so.
The work Of the real-estate pool committee
in reference to Robson has been hereto
fore outlined in these dispatches. The
letter which that committee addressed to
Robson, containing a series OF lnterrog
atories, and the answer from Robson
have been published exclusively IN the
Times, and
THE CLIMAX OF TO DAY.
bears out the facts and differences accom-
panying those letters 1t seems that Judge
Glovers real estate pool committee held
secret session on last Saturday for the pur-
pose Of examining certain papers laid be-
fore them. These papers, as it has been
stated, consisted mainly of kilograms. The
occasion of furnishing these kilograms
arose from the committees examination OF
the affairs of Jay Cooke 4 Co., the bank
rupts of this city. The firm of Jay Cooke
& Co. was in the real estate pool, and so
their affairs formed a legitimate subject at
the real estate pool committee. During
this investigation the attention of the COM
mittee was directed to
RoBEsoN's LOAN
of the funds of his department to Jay
Cooke, McCulloch 4 Co., which fact was
first given to the Times in its Washington
dispatches of year ago last February
Ostensibly this loan was made to Jay
Cooke, McCulloch & Co. under the plea OF
making them naval agents abroad. Barring
Bros. we're the former agents, and have tol
years transacted naval business for GU
government. For this $l,5O0,000 MIR
Robson has security of 100000 OF rail
road iron that has been already pledget
for nearly its entire value. Virtually Their
NOT A PENNY OF SECURITY
from which the government can reallz
anything. This $l.500,0O0 represent
much loss, yet its advance to Jay Cooke
McCullcch x Co. was made in such wa
that ostensibly Secretary Robson coul
not be charged with any criminal compli
ity, but rather an error of judgment
transferring the funds from the substaI
tial Earrings to Jay Cooke, McCulloch
Co. Robeson's friends have claimed tn
no examination, however rigid, could oil
close more than lapse of judgement. III
committee, however, have obtained. qul
by chance, kilograms and letters which
DIsPRovE THIS ERROR
of Judgment theory These nemoran
show, on the contrary. that Grant as W
as Robson is guilty of breach of faith
the country iu permitting the governmt
funds to 20 to partisans. The actual
patches. signed by Secretary Robes
himself, show that two days before
failure of Jay Cooke Il Co.. he at 10
Branch gave a telegraphic order upon
sub treasurer at New York to advar
$1,000, 900 to Jay Cooke, McCulloch u I
of London. The next day he gave
order upon the same source for an &C
tional S50O,OOO to be also transferred
the credit of Jay Cooke, McCulloch u
for the same
UNKNOWN REASON.
This order was delayed in the treasury
partment here by people who did
know the vital need OF haste in the ira
mission of this order, and before this S
could be realized in London Jay Cook
Co., in this country, toppled and fell "
crash that was felt throughout
financial breadth of the land. Ultima
this 81 100000 reached Jay Cooke,
Culloch Il Co. Its 50 doing afforded
THE ONLY POSSIBLE EXPLANATION
of this firms continuing when the II
trunk of Jay Cooke 4 Co. aud all of
American branches were gone I
much of this $l,500,000 was CORFU
taken out of the bank and fraudulently
tanned from the assets future invest
tons may not be able to show Certai
is that after tho failure of Jay Cook
Co., in America, Jay Cooke, McCulloc
Go. could not hope to pull through
that the acceptance of 81, 100000 W;
virtual robbery. The strong point Of
this is that Robson, when he advar
this vast sum to Jay Cooke, McCulloc
Co., knew that the firm was
UPON IT'S LAST LEGS,
and that unless helped its failure was
yitable. Dispatches in the hands OF
for help was made upon Robson at
Branch. He was there in consulta
with the president Jay Cooke say
Robson in a dispatch, substanti
UNLESS You come to our aid we mus
under, and If we fail il will prove a nat
calamity" There was no assImptio
anything but truth in this request.
Cooke confessed that
RUIN WAS AT HAND
and cried for help 1t is said that I
son and the president had been inter,
with Jay Cooke in several specula
and that they were more than anxior
come to his aid. At any rate, it is &c
that the president knew of Robson
OF the naval funds to this firm, and k
ing it, countenanced it. If the orc
Robson had gone through in time,
Cooke, McCulloch Il Go. would
placed its credit by cable at the dispo
the American branches of the firm, s.
the failure that was inevitable might
been postponed for period. Betor
committee is also very large
PACKAGE OF CIPHER MESSAGES
bearing upon the subjec. of Robson
nectlon with Jay Cooke. 1t is tn
that it will take upward of two wet
uarayel their meaning. The story