Here is an extract from the Congressional Committee's re port, which was written by General Garfield, the chairman of <the committee : —"With the great revenues of the Erie Bailway at their command, and having converted the Tenth National Bank into

a manufactory of certified cheques 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 of officers of the Government."

The gold buying operations of the Gould clique assumed monstrous propor tions on Thursday, September 23rd, the day before the famous "Black Friday." Fiek had got) William Beldfin Id to the deal, and Belden introduced the broker, Albert Speyere, into it. Then there were Smith, Gonld, and Martin, William Heath and Co., and others, all buying gold and calls for grold as fast as possible. On Thursday the operations of the Gold Clearing House, which ordinarily aver aeed 70,000,000d0l daily, went up to 239,000,000d01. The Tenth National Bank on that day certified Jay Gould's cheques to the amount of 25,000,000d01, and on the following day to the amount of 14,000,000d0l more. The Gonld party had calls for more than 100,000,000d0l of gold, and there was only 15,000,000d0l of actual gold in New York ontside of the

Sub-Treasury. ' President Grant's suspicions meanwhile bad grown apace. He got Mrs Grant to put into a letter which she happened to be writing to Mrs Corbin a sentence warning Mr Corbin to keep away from the gold speculations in Wall-street, as the Administration wonld not counten ance any schemes to force the price of gold np. That warning was communi cated to Gonld by Mr Corbin on tbe evening before "Black Friday." Gsnld told him that the publication of that warning wonld rain his plans and bring disaster upon them all. He arranged with Corbin to say nothing abont the letter, at least for a' day. 