Business; Capitalists and financiers -- United States; Speculation; Wall Street (New York, N.Y.)
Things were so managed that the President was placed in a position that
his honor was seriously in danger of being compromised, yet so ably was
the matter engineered that he was perfectly unconscious of the designs
of the plotters.
He was prevailed upon to go to a then obscure town in Pennsylvania,
named Little Washington. The thing was so arranged that his feelings
were worked upon to visit that place for the purpose of seeing an old
friend who resided there. The town was cut off from telegraphic
communication, and the other means of access were not very convenient.
There the President was ensconced, to remain for a week or so about the
time the Cabal was fully prepared for action.
Sometime about the period of the President’s departure for Little
Washington, Fisk bought seven or eight millions of gold. Gould then said
to Fisk: “This matter is all fixed up. Butterfield is all right. Corbin
has got Butterfield all right, and Corbin has got Grant fixed all right,
and in my opinion they are all interested together.”
This was patriotism with a vengeance. Just think of the audacity of it!
Gould enters into a scheme to place the President in a position where he
could not interfere with the plan of getting a “corner” in gold, and
then he turns around and accuses the first Magistrate of the Republic
with being privy to a plot that was calculated to create a panic, and
cause widespread disaster in business circles, and render him an object
of universal contempt.
Gould and Fisk, through Corbin, also attempted to compromise Grant’s
family, as well as his private Secretary, General Horace Porter. This
intention was fully disclosed through the interview of Fisk with Corbin.
Fisk testified: “When I met Corbin he talked very shy about the matter
at first, but finally came right out and told me that Mrs. Grant had an
interest; that $500,000 in gold had been taken at 31 and 32, which had
been sold at 37; that Mr. Corbin held for himself about two millions of
gold, $500,000 of which was for Mrs. Grant and $500,000 for Porter. I
did not ask whether he was General or not. I remember the name Porter.
This was given out very slowly. He let out just as fast as I did when he
found that Gould had told me about the same thing. I said: ‘Now, I have
had nothing to do with your transactions in one way or the other. We
have embarked in a scheme that looks like one of large magnitude. Mr.
Gould has lost as the thing stands now. It looks as if it might be a
pretty serious business before getting out straight again. The whole
success depends on whether the Government will unload on to us or not.’
He said: ‘You need not have the least fear.’ I said: ‘I want to know
whether what Mr. Gould told me is true. I want to know whether you have
sent this $25,000 to Washington, as he states?’ He then told me that he
had sent it, that Mr. Gould had sold $500,000 in gold belonging to Mrs.
Grant, which cost 32, for 37 or something in that neighborhood, leaving
Public-domain text, read in full here on John Shaqi.
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