White House gossip : $b from Andrew Johnson to Calvin CoolidgeColman, Edna M. (Edna Mary)
History
White House gossip : $b from Andrew Johnson to Calvin Coolidge
Colman, Edna M. (Edna Mary)
Presidents -- United States -- Biography; Washington (D.C.) -- Social life and customs; White House (Washington, D.C.)
“General Grant returned to Washington on the 23d of September, 1869.
The next day, ‘Black Friday,’ the conspirators put up the price of
gold, and a wild panic ensued. Leading men of all parties in the
city of New York telegraphed the President and the Secretary of the
Treasury, urging their interference as the only way of preventing a
financial crash, which would have extended over the whole country.
About eleven o’clock, Secretary Boutwell went to the White House,
and after a brief conference, General Grant expressed his wish that
the desired relief should be given. Secretary Boutwell promptly
telegraphed to Sub-Treasurer Butterfield, at New York, to give
notice that he would sell four millions of gold. This collapsed the
speculation. ‘I knew,’ said Jim Fisk, afterward, ‘that somebody
had run a sword right into us.’ It was not without difficulty that
Corbin, Gould, and Fisk escaped from the fury of their victims. The
conspiracy was subsequently investigated by a committee of the House
of Representatives, and a report was made by James A. Garfield,
completely exonerating General Grant, and declaring that, by laying
the strong hand of government on the conspirators and breaking their
power, he had treated them as enemies of the credit and business of
the Union.”
Great satisfaction came to the country when Congress convened in
December, and it was manifest that the reconstruction of all of the
Southern states was accomplished, and with the opening of the New
Year, all the states of the Union were represented in Congress for the
first time since December, 1860. Vice President Colfax presided over
fifty-one Republican and thirteen Democratic Senators, while James
G. Blaine, Speaker of the House, held his gavel over one hundred and
seventy-two Republicans and seventy-one Democratic Representatives.
Meanwhile, Congress had established the Weather Bureau, with
headquarters at Washington. Its object was to secure and issue
information of approaching changes of weather and impending storms.
The butt of many jokes in the beginning of its career, it has saved
the people of the country from heavy losses both by land and by sea.
Branches were located in all of the principal cities. As time has
passed, the importance of the work of this Bureau brought measures for
the extension of its operations.
As the administration drew to a close, the effect of the financial
scandals was shown in the opposition that seemed to spring up in all
directions to President Grant. Rumour and query were already directed
toward the Pennsylvania Courts, where a Crédit Mobilier scandal was
impending and the money panic threatening.
Public-domain text, read in full here on John Shaqi.
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