The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-03-29
PRICE TWO CENTS
THE LATEST DISCLOSURES.
TELEGRlM MS THAT IMPLICATE BOTH
ROBESON <ND GRANT.
The Transfer Of $1,000. 900 Made 20 Say
Cooke, McCaiioch & Go. Of London, with
Full knowledge Of their InaoIxencY.

The Transfer Of $1,000. 900 Made 20 Say
Cooke, McCniioch & Co. Of London, VITA
Full knowledge OF their IusoIvoncv.
WAsHINGToN, March 2S.-On Saturday
lest the manager OF the Western Union Tele-
graph Company here, In obedience to a subpens
iices tcoum from the Hon. John M. Glover
Chairman Of the select committee on the real
estate pool and the Jay Cooke Indebtedness,
produced under protest about 100 telegtaphio
dispatches which passed between A. q. Cattell.
financial agent OF the United States in charge Of
the syndicate business in London, and the then
Secretary Of the Treasury and Secor Robson
and President Grant. A large number OF the
kilograms are in cipher, which have as yet boen
only partially declphered. These relate princi.
pally TO the Syndicate transaotions, although
some OF them are between Cattell and Robeson
and have no connection with the Syndicate busi-
ness proper There Is one telegram from Robe
son. not In cipher. which relates to the manipu.
laten and sale Of bonds IN Wall street. BY this
y appears that parties here were prontinQ by in
Formation furnished by Cattell, and that somo-
thing like f1,OJOUO In bonds. stock, and Other
securities were manipulated for the benent Of
somebody.
by another batch OF kilograms II Is shown con.
clusiyeiy that the Goyernmont officials, from
the President down to Treasurer Spiuner, were
advised as o.rly as the 18Th Of September. 1873,
that the firm OF Jay Cooke & CO., in this cOun.
Try, and the lrm OF Jay Cooke, McCuloch 4 Co
In England, were In a sbsky condition. In the
face OF these facts, and with a full knowledge
OF the threatened bankruptcy OF these two
nrms, Robeson authorized the transfer OF ono
mtlOn I'VE hundred thousand dollars OF the
money appropriated for the use OF the Navy De-
partment to the house Of Jay Cooke, Mctlulloch
Co. Five hundred thousand dollars in gold
was ordered to be transferred by the United
States Sub Treasury In New York by cable The
United states Treasurer, Mr.. Spinner, directed
the Sub-Iredsurer In Now York not to transfer
the money, ana this clused a hitch In the trans
action, whereupon the President ut Long
ltranch was communicated with, and he orderod
the secretary OF the Treasury to have the money
transferred forthwith. Treasurer Spinner was
accordingly oyerrued. He had, IL appesrs.
withstood the Secretary OF tho Treasury hut
when the peremptory order Of tho President
came, the old mans backbone weakened, and
the SJDO,UOO In gold was by cable given to Jay
Cooke, MCCullOch & Co. Tho balance OF tho
million and half followed In quick succession,
as everybody knows, the latter firm f.ilod.
even with the aid Of the United states Govern
nent, 10 Withstand tine storm, and on Sent 18,
lt viii also be rememb mbered that II was charged
at the time that the President and members OF
his ,binet we're given timely notice Of the Inn
pending ruin OF not only Jay Cooke Co.. but
OF the failure OF the First National Bank of ths
citt, wnicn had also been drawn upon to tho
extent of nearly million dollars IN the vain
hope OF buOying up the house OF Cooke e. 20.
These high officials ali did business with tho
First National bank, and II was alleged at the
u remove their deposits. THIS was most stren-
uously denied then and since. but the proof is
10 tive now that on tho 10 h OF September, two
days before the failure, they had notice oil the
coming crash, and therefore had ample oppor-
tunity TO save themselves.