About: Civil War gold hoax

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The Civil War Gold Hoax, also known as the Bogus Proclamation of 1864 was an 1864 unsuccessful financial hoax perpetrated during the American Civil War by American journalists Joseph Howard Jr. and Francis Mallison of the Brooklyn Eagle. Howard and Mallson hoped to exploit uncertainty about the ongoing war and trigger a sudden financial panic and profit from it. The conspirators bought gold on margin and then attempted to circulate a false proclamation from President Abraham Lincoln among New York newspapers, that called for a national day of prayer and humiliation and the conscription of 400,000 additional men into the Union army. Howard and Mallison hoped that this proclamation would lead investors to believe that the Lincoln administration thought the war was going poorly, and cause the

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rdf:type	person yago:Abstraction100002137 yago:Act100030358 yago:Activity100407535 yago:Deception100752431 yago:Event100029378 yago:Falsification100751145 yago:Fraud100753685 yago:PsychologicalFeature100023100 yago:WikicatHoaxesInTheUnitedStates yago:Wrongdoing100732746 yago:YagoPermanentlyLocatedEntity yago:Trickery100752954 yago:Wikicat19th-centuryHoaxes
rdfs:label	Civil War gold hoax (en)
rdfs:comment	The Civil War Gold Hoax, also known as the Bogus Proclamation of 1864 was an 1864 unsuccessful financial hoax perpetrated during the American Civil War by American journalists Joseph Howard Jr. and Francis Mallison of the Brooklyn Eagle. Howard and Mallson hoped to exploit uncertainty about the ongoing war and trigger a sudden financial panic and profit from it. The conspirators bought gold on margin and then attempted to circulate a false proclamation from President Abraham Lincoln among New York newspapers, that called for a national day of prayer and humiliation and the conscription of 400,000 additional men into the Union army. Howard and Mallison hoped that this proclamation would lead investors to believe that the Lincoln administration thought the war was going poorly, and cause the (en)
dcterms:subject	Fraud in the United States 1864 in the United States May 1864 events New York (state) in the American Civil War Hoaxes in the United States 19th-century hoaxes
Wikipage page ID	981738 (xsd:integer)
Wikipage revision ID	1104926143 (xsd:integer)
Link from a Wikipage to another Wikipage	Horace White (writer) Union Army Fraud in the United States The Journal of Commerce Edwin Stanton The New York Times 1864 in the United States May 1864 events Adams Sherman Hill William Cowper Prime William H. Seward Abraham Lincoln American Civil War New York (state) in the American Civil War Francis A. Mallison Brooklyn Eagle Henry Villard Henry Ward Beecher Associated Press Hoaxes in the United States 19th-century hoaxes Joe Howard Jr. John Adams Dix Hoax Manton Marble Financial crisis Greenback (1860s money) New-York Tribune New York City New York Daily News (19th century) New York Herald New York World Margin (finance)
Link from a Wikipage to an external page	https://books.google.com/books%3Fid=KC0DAAAAYAAJ&pg=PA97&dq=life+of+lincoln+abott+gold&client=firefox-a http://www.museumofhoaxes.com/gold.html
sameAs	Civil War gold hoax Civil War gold hoax Civil War gold hoax Civil War gold hoax
dbp:wikiPageUsesTemplate	dbt:American_Civil_War dbt:Reflist dbt:Short_description
has abstract	The Civil War Gold Hoax, also known as the Bogus Proclamation of 1864 was an 1864 unsuccessful financial hoax perpetrated during the American Civil War by American journalists Joseph Howard Jr. and Francis Mallison of the Brooklyn Eagle. Howard and Mallson hoped to exploit uncertainty about the ongoing war and trigger a sudden financial panic and profit from it. The conspirators bought gold on margin and then attempted to circulate a false proclamation from President Abraham Lincoln among New York newspapers, that called for a national day of prayer and humiliation and the conscription of 400,000 additional men into the Union army. Howard and Mallison hoped that this proclamation would lead investors to believe that the Lincoln administration thought the war was going poorly, and cause them to abandon the Union greenback currency and instead buy gold, driving up its price. With the price of gold artificially inflated, the conspirators could sell high and make a considerable amount of money, before anyone realized the proclamation was a forgery. Misunderstanding the hoax as an intelligence leak Lincoln and Secretary of War Edwin Stanton ordered two newspapers to be closed, and numerous reporters and telegraph personnel arrested. Military authorities in New York City quickly discovered the fraudulent nature of the proclamation and arrested both fraudsters within days of the attempted hoax. The reporters and telegraph personnel were soon released while Howard remained in jail until August, and Mallison until September. While they were imprisoned Lincoln released a similar proclamation to Howard and Mallison's fraudulent one, which called for 500,000 new volunteers for the Union army. (en)
gold:hypernym	Hoax
prov:wasDerivedFrom	wikipedia-en:Civil_War_gold_hoax?oldid=1104926143&ns=0
page length (characters) of wiki page	8375 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Civil_War_gold_hoax
is Link from a Wikipage to another Wikipage of	The Journal of Commerce 1864 1864 in the United States Civil war gold hoax Francis A. Mallison Joe Howard Jr. Manton Marble New York City in the American Civil War
is Wikipage redirect of	Civil war gold hoax
is known for of	Francis A. Mallison Joe Howard Jr.
is foaf:primaryTopic of	wikipedia-en:Civil_War_gold_hoax

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