Rensselaer Union, Volume 2, Number 24, Rensselaer, Jasper County, 10 March 1870 — The Gold Investigation. [ARTICLE]

The Gold Investigation.

Thu Committee on Banking and J roncy made report to the House of Ist concerning their investigations the gold conspiracy in New YorklaJ The majority of the committee anir that, in view of all the testimonyhave dome to the following conclusf, 1. Prominent bankers and merchant who testified before the committee were nearly Unanimous in. the opinion that there was no sufficient reason for the existence of the Gold Exchange fcnd Gold Exchange Bank: that they were the source of measureless evils, and ought to be destroyed. 2. The gold conspiracy dealt a heavy blow at our credit abroad by shaking _ the faith of foreign capitalists in the stability of our trade and honesty of our people. Hundreds of firms, engaged In legitimate business, were wholly maimed or severely crippled. Importers of' foreign goods were, for many days, at the mercy of gamblers, and suffered henry low©*, in fact that the entire country was injured, the foundation of business and morality was shaken, and the numerous defalcations thatahortly followed, are clearly traceable to the mod spirit engendered by the speculations. 3. The committee find that the wicked and cunningly devised attempt of the. conspirators to compromise the President of the United Slates or his family utterly failed. Corbin, using the opportunity which his family relationship to the President oftered, ana, under that worst form of hypocrisy which pats on the guise of religion .and patriotism, used all ms arts to learn something from the private conversation of the President which could be made profitable to him and his conspirators. But with all the efforts of his associates the testimony has riot elicited a word or act of the. President inconsistent with' that patriotism and integrity which befit the Chief Executive of a nation. The message sent to Corbin when his duplicity was first suspected, and the order which laid the strong hand of the government upon the conspirators and broke their power, are the most significant declarations that the President held and treated them as enemies of the credit and business of the country. ' . . The committee recommends the Adoption of the following resolutions: Retained, That the Committee °f Vaya and Means 1» tnatructM to report a bgnevytagauehtax on the transactions of the Gold Exchange and Gold Exchange Clearing Howe, aa >* their judgment the Interests of the country demand. Resolved, That the Committee on the Jndldary he instructed to inquire into the expediency ol reporting a bill to define and punish conspiracy against the credit of the United States and business of it* people. _ ~ „. Retained, That the Committee on Banting and Currency be instructed to Jnqnlre whether any further legislation la necessary to prevent, the improper use of certified checks by Nattraal Banks, and that they have leare to report by hill or otherwise. _