Business; Capitalists and financiers -- United States; Speculation; Wall Street (New York, N.Y.)
Although the policy of stopping the sale of gold had been agreed upon in
deference to the views of the best financiers of the country, yet Mr.
Gould and his fellow strategists thought it was best to make assurance
doubly sure on this point, in order that nothing might stand in the way
of the great speculative intrigue, to get a “corner” in gold. President
Grant was conservative on the subject. The conspirators, therefore,
conceived the design of arranging things so that Secretary Boutwell
could not depart from this policy, no matter what emergency might arise.
This bold and wicked strategy could only be successful by first getting
President Grant convinced that the theory of stopping the gold sales was
the only commercial salvation for the country in the then condition of
business stagnation and the possible panic threatened. The theory was
then to impress him with the necessity of giving Secretary Boutwell an
absolute order not to sell gold, and afterwards to fix things so that it
would be impossible for the President to revoke that order until the
brilliant speculative purposes of the clique in cornering gold should be
accomplished.
The scheme was but little short of treason, regarded from a patriotic
point of view, and it is very questionable if the perpetrators would
have stopped short of this dastardly act, had they not been convinced
that their purpose was fully compassed by a method less villainous and
shocking. It was considered indispensable by the conspirators, for the
consummation of their plans, that Grant should be got out of the way by
some means or other. Fortunately for him, and for the honor of the
nation, the plan succeeded without the necessity of offering him any
violence.
Before explaining how this was done it is necessary to describe briefly
a few of the preliminary events which formed a portion of the plot.
Public-domain text, read in full here on John Shaqi.
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