Business; Capitalists and financiers -- United States; Speculation; Wall Street (New York, N.Y.)
This reference to “its commercial level” is rich, coming from the
head-centre of the plotters who wanted to put the article up to 200.
Then, in another afterthought, he says: “It (the Government) ought to
facilitate an upward movement of gold in the fall.”
How artfully insinuating was this suggestion in the interest of our
foreign commerce! It showed clearly the power the man possesses of
rising to the patriotic height of the occasion. This is a characteristic
of Mr. Gould that few people know how to appreciate at its true worth.
It has stood out conspicuously in his character in many other
exigencies. It reminds one of the unkind but vigorous remark of the
famous old English critic, Dr. Samuel Johnson: “Patriotism, Sir,” said
the old cynic, “is the last refuge of a scoundrel.”
About the time the above events were transpiring, the Assistant
Secretary of the Treasury, Mr. H. H. Van Dyck, resigned his office in
this city. Mr. Gould’s chief ambition at that time was to name his
successor, in order that he might be able to control the Treasury when
the time to get a “corner” in gold should be ripe. Mr. Abel R. Corbin
came in quite handy at this juncture to help to further the designs of
Mr. Gould. He was a man of fair education and considerable experience
both in business and politics. He had been a lobbyist in Washington for
some years. He was well informed on financial matters, a pretty good
writer, and could “talk like a book.” His wife was a sister of Mrs.
Grant, and he had good opportunities for reaching the Presidential ear,
which he employed to the best advantage.
A gentleman named Robert B. Catherwood, who was married to a
step-daughter of Mr. Corbin, was approached by Gould and Corbin on the
subject of the assistant-treasuryship. They were anxious that Mr.
Catherwood should take the office, and told him he could make a great
deal of money in a perfectly legitimate manner if he were once
installed.
So Mr. Catherwood stated in his testimony before the Investigating
Committee, but he adds, “My ideas differed from theirs in what
constituted a legitimate manner, and I declined the office.”
The office then sought another man in the person of General Daniel
Butterfield. He received the intimation of his appointment in a very
different spirit from Mr. Catherwood, showing that he was fully equal to
the occasion. He wrote a letter to Mr. Corbin thanking him kindly for
the offer, saying that he was under numerous obligations to him, and
expressing a hope that he would be eminently successful in his
undertaking. General Butterfield received his commission in due course.
Public-domain text, read in full here on John Shaqi.
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