The Life and Work of James A. Garfield, Twentieth President of the United States: Embracing an Account of the Scenes and Incidents of His Boyhood; the Struggles of His Youth; the Might of His Early Manhood; His Valor As a Soldier; His Career As a Statesman; His Election to the Presidency; and the Tragic Story of His Death.Ridpath, John Clark
History
The Life and Work of James A. Garfield, Twentieth President of the United States: Embracing an Account of the Scenes and Incidents of His Boyhood; the Struggles of His Youth; the Might of His Early Manhood; His Valor As a Soldier; His Career As a Statesman; His Election to the Presidency; and the Tragic Story of His Death.
Ridpath, John Clark
Garfield, James A. (James Abram), 1831-1881
“Fisk was told that Corbin had enlisted the interests of persons
high in authority, that the President, Mrs. Grant, General Porter,
and General Butterfield were corruptly interested in the movement,
and that the Secretary of the Treasury had been forbidden to sell
gold. Though these declarations were wickedly false, as the evidence
abundantly shows, yet the compounded villainy presented by Gould and
Corbin was too tempting a bait for Fisk to resist. He joined the
movement at once, and brought to its aid all the force of his
magnetic and infectious enthusiasm. The malign influence which
Catiline wielded over the reckless and abandoned youth of Rome,
finds a fitting parallel in the power which Fisk carried into Wall
Street, when, followed by the thugs of Erie and the debauchees of
the Opera House, he swept into the gold-room and defied both the
Street and the Treasury. Indeed, the whole gold movement is not an
unworthy copy of that great conspiracy to lay Rome in ashes and
deluge its streets in blood, for the purpose of enriching those who
were to apply the torch and wield the dagger.
“With the great revenue of the Erie Railway Company at their
command, and having converted the Tenth National Bank into a
manufactory of certified checks to be used as cash at their
pleasure, they terrified all opponents by the gigantic power of
their combination, and amazed and dazzled the dissolute gamblers of
Wall Street by declaring that they had in league with them the chief
officers of the National Government.
“They gradually pushed the price of gold from one hundred and
thirty-five and one-half, where it stood on the morning of the
thirteenth of September, until, on the evening of Wednesday, the
twenty-second, they held it firm at one hundred and forty and
one-half.
“The conspirators had bought sixty millions of gold up to that date.
Every thing depended on Grant’s preventing the sale of gold by the
Treasury. Brother-in-law Corbin was to manage that. Every cent
advance in gold added $15,000 to Corbin’s profit. On the 17th, it
was determined to have Corbin write a long letter to the President.
“The letter contained no reference to the private speculation of
Corbin, but urged the President not to interfere in the fight then
going on between the bulls and bears, nor to allow the Secretary of
the Treasury to do so by any sales of gold. The letter also repeated
the old arguments in regard to transportation of the crops.
Public-domain text, read in full here on John Shaqi.
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