The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-04-08
THE GREAT CONSPIRACY.
Conclusive Proof That the Panic of
1898, Which Cost Thousands
Their Lives and Millions
Their Fortunes,
Was Created by the Joint Action Of the Ma
tional Bankers of New York, and Grover
Cleveland and John G. Carlisle.
(Continued trOn, last aceek. J

XXI.
On Monday morning, April "a, Jordan
was early at his Office in the sub-Trees-
ury. He had exceedingly important business
in hand; for his temperance at his desk
was followed by an immediate notitlca-
tion to national bank presidents, to Off
GERS of trust and other companies, to
members and representatives of the great
and foreign banking houses, and to priv
ate bankers in and about Wall street,
that he desired them to meet him at the
sub-Treasury.
XXI.
The bankers responded promptly; and
from the hour that Wall street opened for
business that morning until after the
lighting of lamps and gas in the ever
ing, the sub-Treasurer's Office was filled
with bankers coming and going, and in
conference with each other and the sup-
Treasurer, some of them coming and go
ing twice. Conspicuous among these lat
ter was George S. Coe, president of the
American Exchange National Bank.
XIII.
In fact, the New York National Bank
presidents and their confederates were
holding general convent:on-and divid-
ed into sections, so to speak; or confer
ences formal and informal. The formal
conferences were between Jordan and the
National Bank presidents; at which, how
ever, ex-Secretary of the Treasury
Charles S. Fairchild was present a part
of the time; and they lasted from half
past ten in the morning until nearly three
in the afterncon-after which began a
series of informal conferences, that lasted
until late in the evening.
XIV.
The early forenoon comers were the Ma
tional Bank presidents with whose names
the reader is already familiar; Henry w.
Cannon, president of the Chase National
J. Edward Simmons, president OF the
Fourth National; George S. Coe, president
of the American Exchange National; ;
Brayton Ives, president of the Western
National; and Charles ]. Canda, an ex-
sub-Treasurer at New York and di-
rector in the Western National Bank.
These men arrived at about half-past
ten. Ex-Secretary Fairchild joined them
at near twelve o'clock-a1d still later, at
about one o'clock, other National Bank
presidents came in. There were Ebene
zer X. Wright, president of the Park Ma
tional; Frederick D. Tappen, president
of the Gallatin National; James Still
man. president of the National City Bank;
James T. woodward, president of the
Hanover National; Edward H. Perkins,
Jr.. president of the Importers and Trad
ers' National; and George F. Baker, presi-
dent of the First National These Ma
tional Bank presidents were closeted with
Jordan until near three o'clock in the
afternoon, when they retired.
They were succeeded by members or
representatives of the great foreign bank
ing houses, among them August Bel
mont. representative of the American
business of N. NJ Rothchild & Sons, Lon
don; next came member of Speyer &
Co., of the banking house of Speyer
Brothers, LondOn--follOwed by J. Hood
Wright, of Drexel, Morgan & Co.
Then came officers of trust and other
companies; among them one Trenholm, a
former Comptroller of the Currency and
then members Of private banking houses.
In short, most of the financial magnates
in and about Wall street participated or
were represented in this extraordinary
convention at some time during the day
or evening 1t was in continuous session
during a period of eight or nine hours;
constantly changing in membership how
ever, except as to Jordan, who was pres
ent from beginning to end. 1t was un-
precedented in the history of ''The
Street." and its most extraordinary feature
was that every banker or other person
participating was pledged to secrecy; and
the historic fact is, that the subject-mat-
ter Of that convention is as completely