To Cable False News

Cleveland, Ohio, Dec. 7.- The story of an audaclous and gigantic scheme on the part of a syndicate of London specalators to control all of the European cable offices on the night of the American presidential electlon is prlnted here on an authority which is pronounced to be of high character. The plan was said to be to secure the .'ssuance of a report from the European cable offices to the effect that Mr. Bry. an was elected, which it was believed would send the stock market rapidly downward. It is alleged that the schemers ttiought then to buy everything their available mean.s could obtain and realize a fabulous sum after the public received the correct news and the reaction set in. It is declared that preparations for 'the attempt were actually in progress for some time previous to the" day of lection. The direct Information, it is stated, Mtjne from the Hon. John C. Covert, the veferan Cleveland newspaper man and formerly editor of the Leader. The story carne to him from a gentleman of high standing in this city, a physician, who has won scholarly honors, but whose name Mr. Covert is not at liberty to disclose.