The Sun.
London, England, 1869-10-19 00:00:00

striving in vain to get any price for it apptoacbing
to that shouted in the Gold Room. In Phi-
ladelphia about 15 per cent. less than the New York
quotations was offered for the actual coin, yet in half
an hour the man who bought it was a heavy loser.
Orders came from California to sell whatever gold
was then at the disposal of the San Francisco mer-
chants, but during the frantic purchasing momenta-
illy progressing in the gold mart, 1411, just 20 per
cent. less, could only be got for the genuine article.
The bogus nature of the transactions play be
gathered from this, and it is evident that although
the bull operators were compelled gradually and
for many days before the real fight to buy up all
offering, even when most of the floating gold was
in their hands, and they were declaring their inten-
tion to send the price up to 200, a genuine seller
could not secure for his gold much beyond the or-
dinary price, from which the clique had pushed it up.
Nor could these transactions stand without the 111;
terference of the Treasury the test of a few dais
trial, and when the Treasury became the seller they
could not stand at all. They were merely directed
to catch and to corner the known operations of the
" bears," who bad sold short at 131-2. Fisic and
GOULD, and the other leaders on the "bull" side, Were
'aware that such a contest could not be prolonged for
many hours, and they only hoped to outlast the Pe-
riod when the " bears" had to settle, and even that
they could not do, although they frightened many
who were operating against them into a settletneti
at from 148 to 150, but at the time when they had
run the price up to and over 160. Gold is a universal'
commodity, and if its value in New York rises above
its value in London, Paris, and India, and other
countries, the yellow stream would quickly flovr
to
New York from all directions, even FISK'S On
tions being responded to by the Banks of Engl3l3,
and of France, as well as by San Francisco, while little
boards were unearthed in many parts of the Unlel3;
Mr. BOUTWELL'S power is limited, for although ,
may command a momentary control over the Ne"
York market, yet, as he could not outlast a few days'
he is not the financial despot the Economist imagines
•
We grant that nearly £lOO,OOO a day are required
by the import merchants to pay the Customs'
to
that they have also to export a considerable Sura ut
foreign merchants to pay for those goods, b. ,
neither the one nor the other is at any moment Inlif
perative unless the merchant has committed Win%
by contract to the delivery of coin. He can settle wil'er
the foreigner by transferring 5-20 Bonds or cter,
disposable securities to be sold in the foreign u`3
,a
ket for gold, with which to pay his creditor ;
he can delay passing his goods through the Castteis
House till he can get the gold from Europe, if 14.
procurable there cheaper than at home. Mr. Beet
WELL'S power to paralyse the New York war up
rather consists in his selling gold and locking
04,
currency, whereby he could produce a string? ~*:1
But he could not go beyond half the sum contatou
bieh
in the Treasury, a considerable portion of w-
does not belong to the Government, and of the Poi to
tion which does, a part must always be retaine the
meet the accruing interest on the Bonds. 0! to,
V 700,000,000 in notes passing in the United Sta_ii,
Mr. BOUTWELL could not lock up one hundred 'to
lions, and although in doing what he could be webo
materially fetter trade, yet we maintain he ti)
nothing like the power attributed to him by gat
Economist. What greater power has be Olga
than his predecessor had ? who, it is a.ssertreiroa,
America and generally believed, ran the tors ;
Bury, in conjunction with a knot of specula oo
nevertheless, we have not learnt that he else.
a fortune either for himself or for anybody i out
The truth is, that fortunes are not to be create' of
of airy nothings ; and although the SeeretarliAt
the Treasury, if he were a dishonest man, .T:hi
plunder the people out of a considerable PlOO
operating in Wall-street in anticipation Of hioac•
transactions, yet it could not be done as
ral rule, and what could be done would requirelcorl
delicate handling. Men learn daily in New or•
the vanity of these operations in gold, and the
tainty that, if persisted in, they will bring theica,
ruin but it is painful to observe how little e
aiso
lated the experience of others is to prove this tr over
to each individual. Fathers of families burry tell
breakfast to get down to " business," as they
old
their wives, which consists in speculating iu1:84,0
and stocks, and both they and the wornee
tort
trust in them actually believe that they are et:ge'arcl
in business. So does a gambler prickinghls.,asl
at a roulette table at Baden-Baden, and With "
truth.

BUDGET OF MISCELLANEOUS.—DeIter 1:1„,11 °,l
Friday, Shit. 24, at a New York race-courso, 8111— jes
cli`'
stable door, but did not hurt himself. He afterwBri,
a mile in 2.2l.—There is an old lady in New I.,°r;frle
thinks she owns the City Hall, and every month '°l3. Of/
ral years has made a formal demand for the rent" birth
tells the story of a man, aged 104, who, on his in°. a thef:
day, ordered a pair of shoos, saying he Want
stoutly built. The shoemaker remarked that Votoiftea
r
not live to wear them out, but he sharpllthanll°
that he began this 100 years a good deal 15trOnger 141
did the last one.—A domestic romance comes fr,„°,93-
York. Twenty-two years ago a couple were mater
one son, lived together ten years, and then, al%t,
all their property, procured a divorce. The W°l3l-01 re;
ried again, and got a fortune : the husband didn't, VG
mained poor. And now that the woman haupeclreesef
widow,she has re-married her first husband.
c,
—.A c", Ere'
deuce published in a Washington paper shows 11° vr natera•s-
pnmleeaostuisnse
gen ngatehrr uettsoui argsnemth'
up
imps manufactured.
farsnoeumr feanccaatduperc:e d. A Connell °1313' ur"e'
llwaith'w":°Wteesloe°tillet°hr°l)%l;
transparencies, he, the Councilman, to pal °ll..relled'-a0
The serenader and serenaded having since Dy.,.ory
correspondence is exposed to an admiring wort erg
works were the most popular books at the per t" ;a08(
trade sale, thanks to Mrs. Stowe.—A Texall I)rha9-4#
the Byron controversy, which was a bore at 11itsita"g ciTtbe
become an " artesian well of the most excrucla den
sions."—The 10 acres allotted for a botanic gar r, r P1'3041
Amherst Agricultural College will be laid out byl,7ri Certilbeir
of New York the chief gardener of the New Ctrs ° era
park, and the junior class will devote the work "qiier
term in removing rubbish preparatory to f
tions. It is proposed to grow all plants which eano ornclai,
vated in Massachusetts grouping those of the su Fr 00
Deluging rains fell in Minnesota on Thursdal.'soipPirtioll
nights, the 23d and 24th Sept., and the 3.1265r10at P,,°o
Minnesota rivers were again overflowsd. by sPO,OOv
of the hay crop is ruined. The loss of wllet`i Ar°olo.:
cent storms in Minnesota is estimated 1
bushels.—Two of the highest peaks of the Pock
pris°3 tot
talus have been named Yale and Ilarvard.---`,l" cl 91011'
in Ludlow-street Gaol, New York, contribll4o to
the Avondale sufferers.—The Israelites 01 ocietllo,l
cisco have organised an immigration °motile
aid their brethren in Europe to go to 4:0.0°10'
The Chamber of Commerce of San Francisco 16'0000;
in favour of a postal telegraph system—The Waspilsit.ii);
guage is to be taught in the public schools of ~eOO l,ej I
—The Pioneer Association of California have been
Philadelphia. It is composed of gentlemen WP" ,ot
ge,
California in the years 1849 and 1850, who two
East since then. The association has about. ea 0,056
members.—Mrs. Eloisa Hoffmann has obtall'a st. 'sogg
amounting to $12,000, from the Hannibal all,o year,. VI
Railroad, in Missouri, for injuries received thr;l
—The steam collier 'Rattlesnake, sunk a 11,?;,...100vi,
been raised and towed to New York for rePlaaci
Sylvanus Thayer, of South Braintree, has . fii
t 8`
of '
making $60,000 in all, to his endowraen ,clieg • 1, ,0
School of Civil Engineering at Dartmouth I„iie
at
zog, the famous running horse that made
the best time on record, died at Cincinnati, for tied%
Buckeye track. Ills owner refused 615,0,00 I°D'eao,ii°o6ecf,
a week before his death.—A seminary "as s for
near Berlin to educate preachers and teach,;rd "t„,,t05•„0
man emigrants in North America. It is oat'? fted
haus (star house), after the banner of the
..11,,,„010 ;1
lj ,4,
President Grant has issued a proclamation 4"iviege
.i
18th November as a day of national thart"B 1111' f
0311:i d$
captain of the United States steamer .ne on foe
feted at Sydney. It is reported that the oeived of Ne
an American protectorate.— Dr. Kirk has Fr
sth ,lb,"
from Dr. Livingstone, dated Lake Bangllite t° 01'40
1868, saying : —"I have found what I beei deg
'ion
sources of the Nile, between 10 deg. a,11„„irit5::„.,,,,,
Dr. Livingstone was in good health all('
letter was dispatched.

ERAYI,KLAaLyNriak—On
Gibraltar, on tfoß7Ttlflitt the Wif° °f
Alseli::
of a daughter.
lAms—
'7 f Cie
, 0 a daughter. 4c, t'l.
the 18th inst. Mrs. Theodora italli, 0 1.,
~ fliia, Dtc
WILL
Hoiosvav,Olnvtitte 17th inst., at Plas Dra,v, I'? —CO
\Vales, the wife of WatkinWilliami, 31. r., of 6
ner
MARRIAGES. ~, 1:11/rto
HARRIS—POTTER—On
iittni
Faun •'
y Potter, of Gorringe Park, Mitobare• ~. e,,,l''';‘,
M'GLAsHAN—CROON. -On the 16th inst., at P`tigo,.l4.,
Ilackney, John M'Glashan, Esq., Cromwell iiii°,, lel°
jthoehnl6tihdrnrsits7 aotfStis.,Jootrio's'o3l,o,
lay, to Adelaide Louisa, fourth dau,hter of t
J. Croak, Esq., 's ' Five c ' t°°.
of alio Lfouses, Clap..
T
DEATDS. it dieoel(s
lIAr " FENDEN -On the 18th inst at 'Unwell, A-i'l . „atool
KINGSTON—On the 18th i
Haenden, Esq. aged Bus 3
.f
.15.1.0e-
.t
aged 65. ' Robert, 31•1 ° rttlaca'
11:013:400 11
NEEDIIAM—On the 17th inst., at 3,
gardens, Mrs. Mary Needham.
vtors'
AND- foilf
London: Printed and Published by WILLIA3„.' 01, 6"- ,
of No. 112, Strand, Printer, at THE SUN °Rice ''
°mi. cial°v-
in the Precinct of the Savoy, in the County of '-
Tuesday, October 19, 18j2.