This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1872. Excerpt: ... CHAPTER IX. REPORT OF THE COMMITTEE OF CONGRESS. The operaliona of the gold ring--The full report of the committee on banking and currency--Feasting President Grant to learn his policy--A troublesome brother-in-law--The Pool--A pliant tool--A game of bluff--Men of show--Assault on the conspirators--Tremendous crash--Total rout In the House of Representatives, March 1st, 1870, Mr. Garfield, Chairman of the Committee on Banking and Currency, made the following report: The Committee on Banking and Currency, having been directed by a resolution of the House of Representatives, passed December 13th, 1869, " to investigate the causes that led to the unusual and extraordinary fluctuations of gold in the city of New York, from the 21st to the 27th of September, 1869," beg leave to submit the following report: In obedience to the order of the House, the committee resolved to examine the following topics, in the order named: First. The Gold Exchange and the Gold Exchange Bank; their history, the character of their ordinary operations, and their relations to the gold panic of September. Second. The alleged conspiracy of September, to »aise.the price of gold; the persons engaged in it, and the instrumentalities made use of. Third. Whether any officers of the national government were directly or indirectly engaged in the alleged conspiracy. The peculiar character of the operations to be investigated, and the secrecy with which they were carried on, made it difficult for the committee to find the clue to many transactions, a knowledge of which was essential to a full understanding of the subject; and the large number of persons engaged in the movement, and the reluctance of many of them to disclose their own transactions, have protracted the investigation and swel...
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