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Chapter XVIII. Free Fight (1869-1870) - Page 2
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Before he got back to Quincy, the summer was already half over, and in another six weeks the effects of President Grant's character showed themselves. They were startling -- astounding -- terrifying. The mystery that shrouded the famous, classical attempt of Jay Gould to corner gold in September, 1869, has never been cleared up -- at least so far as to make it intelligible to Adams. Gould was led, by the change at Washington, into the belief that he could safely corner gold without interference from the Government. He took a number of precautions, which he admitted; and he spent a large sum of money, as he also testified, to obtain assurances which were not sufficient to have satisfied so astute a gambler; yet he made the venture. Any criminal lawyer must have begun investigation by insisting, rigorously, that no such man, in such a position, could be permitted to plead that he had taken, and pursued, such a course, without assurances which did satisfy him. The plea was professionally inadmissible.
This meant that any criminal lawyer would have been bound to start an investigation by insisting that Gould had assurances from the White House or the Treasury, since none other could have satisfied him. To young men wasting their summer at Quincy for want of some one to hire their services at three dollars a day, such a dramatic scandal was Heaven-sent. Charles and Henry Adams jumped at it like salmon at a fly, with as much voracity as Jay Gould, or his ame damnee Jim Fisk, had ever shown for Erie; and with as little fear of consequences. They risked something; no one could say what; but the people about the Erie office were not regarded as lambs.
The unravelling a skein so tangled as that of the Erie Railway was a task that might have given months of labor to the most efficient District Attorney, with all his official tools to work with. Charles took the railway history; Henry took the so-called Gold Conspiracy; and they went to New York to work it up. The surface was in full view. They had no trouble in Wall Street, and they paid their respects in person to the famous Jim Fisk in his Opera-House Palace; but the New York side of the story helped Henry little. He needed to penetrate the political mystery, and for this purpose he had to wait for Congress to meet. At first he feared that Congress would suppress the scandal, but the Congressional Investigation was ordered and took place. He soon knew all that was to be known; the material for his essay was furnished by the Government.
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