The Sun.
London, England, 1866-09-05 00:00:00

~,._..,.,.~.,----_,.._ ---w

1 /~

SP.AIDER
r
7/ -5,----/- - fti_,_ 4.,,c
. ,
-.....,,,,z -,,,,,,c-- ~ 7,1 ...4
•
4'410 '
he was formally asked whether lit
~: 4E.
. .
>. ..„ • - ;•..; '14‘14, . ,
anything, replied that he should r • . i•-• '7,,i41
-
tit 4y
~ , -.*.s. .
.c54141,-••
c..,,,, . - .... 5
, Co . r '
- '''''''''Z',, •-•‘...4.7
, .c", ' ','"-- - :, .
-- '
./( :P.,.51 . (IV 1• At ....,: ) ' , , 4-, ti a
and he was then fully committed fo
-t, i,.
'.41/...,,.;s v„-,. .A: , i... s' •.. •:::•3.
'" 1 , .1, '
charge of embezzlement and of for y,
a s
r----,„ -in_
.4,_:'--.:15‘7„.„),_'#7,.:,,,,,,,:...---'',,,:, :.,:":„;',..,..„.,,„v4.-,,4-o--ti_.-1,1,..,.c..,- 6-1-Ror„."--; .1:-%----------.
,r,• - , ..- ,(,„t\r-,, i4.N,.4,,,,,,ici 1-1:,,i,„. (~ , • , "- tilt 414,4.,e.', --:' ----412"- j ' _ -'''' 'I. NI , it•
1 •;,:',:t !";:r4.
,"
I4° . _ - ....• - \ - .
- ----
~
i"fp
--;.. ~
~.'
.;
~r.f.,:-,..., 1. 4 . I :I, 4.
'4.- l4
CO i
(Th'''''
.4. .. *`-•
N ... -74 -
-...1. kle, .t...---, The Goldroont, New York.
4.,.,,,
..,•. ~, DrE • •
. ~,,,
. ,•• v -

(From the Banker's Magazine.)
The goldroom is in Broad-street, New York, at
the Treasury cud, and within a few doors of the in-
tersection of Wall-street. The goldroom, in the
exterior, is unimposing; a mere passage-way and
staircase from the street, leading somewhere, which
is not obvious. its precise whereabouts did not re-
main in doubt a single instant after turning out of
Wall-street. The appearance in Broad-street, in
front of the passage way and staircase, is identical
with that in front of the more popular London
theatres on boxing night. There is a throng outside
the pavement, a regular jam on the pavement, and
those lucky enough to have secured places in the pas-
sage-way and staircase are subjected to pressure from
without of a sturdy character which may be thought
of when stimulated by the lust of gain. To be first
in the goldroom is to be in the advantageous
position of offering or accepting the first business,
and during what is called a heated term of excite-
ment there may be a fluctuation of 5 or more per
cent. in the course of a single day, and 1 per cent.
even—say ssoo,ooo—is a large item either for
buyer or seller. We took up a position in the street
throng, and, when those in the passage-way and on
the staircase obtained ingress into the goldroom, the
swaying and surging became for a few moments
dreadful—positively dreadful. Alarmed at the pres-
sure, the writer, availing himself of the first instant's
ease, inquired of his companion whether pocket-
picking was to be feared, and being assured of im-
munity in that particular, if not in others, squeezing . ,
:was borne complacently: 'Saeioris characters, it
appears, fare badly in the goldroom crowd, so much
so that it is avoided, on principle, by the New
York thieves. Not long ago the alarm was given
of the presence of one of the fraternity, and in-
stantly all accessible feet and hands were turned on
the intruder, and he was as nearly killed outright as
any one well could be. So pocket-books and valu-
ables are always safe. Elbowing one's way upstairs
the members' entrance is gained, and here tho
stranger's pushing stops, until the sanction of the
President has been obtained to his getting in. This
involved little loss of time, it probably being among
the duties of the President to be as well forward in
the squeeze, and as constantly at hand, as an umpire
at a prize fight. He readily accorded the permis-
sion to the influential members who requested it,
and followed up the courtesy by the presentation of
the neat pocket copy of the list of members of the
goldroom and stock and other exchanges, and the
official daily rates for gold since January 13, 1862,
when gold was first trafficked in after the
manner of Agra and Masterman's shares during
the late panic. All this appeared to occupy a second,
so hurried were the greetings—as informal and de-
monstrative as those on small children when the
fire-escape man lays hold of them in their burning
chamber. Turning round, the writer found the
business of the day proceeding, not as if the doors
had been thrown open during five minutes only, but
as if it had been going on for hours; the members
in their usual corners, the outside speculators of the
kerbstone leaning over the rails of their stalls, the
clerks and messengers of members leaning over
their rails, and the telegraph operators and boys in
their enclosure, as much at home, apparently, and
as intently interested in what is passing as the men
who bawl with stentorian voice "55 for the com-
modity," which left off the previous day at f
more. The hubbub is appalling ; for while there
are sellers at 54, there are buyers at 53, who are
also shouting. At half-past ten o'clock there is a
transaction at 54, which is at once posted on the
black board, 154 ; and at three-quarters past tea
o'clock there are other sales, and at this time at 53,
which are instantly posted on the black board, 153.
1 The excitement heightens ; rushes by members to
and from clerks and messengers at the railings, and
to and from the speculators of the kerbstone at the
1 railings. In another quarter of an hour the rate is

is do.wii o tZT So, ordinarily, the day passes until
half-past four o'clock, when the official business of
the day closes ; but on this occasion, and in fact
every Saturday, the adjournment takes place at a
quarter-past three. The closing prices of the day
was 524, or 1521. That the goldroom should
be seedy and smoky is a reflection foreign to the
place ; for while the buyers and sellers shout
and babble, every marking on the black
board vibrates through the whole money and
commercial dealings of the United States—west,
even beyond the Rocky Mountains, to the Pacific.
The influence of the room is all-powerful for good
and evil ; to-day it may be fixing the relation, as
between gold and notes, 153 notes for 100 of coin,
and to-morrow holding the proportions as 100 of
the latter for 285 of the former, as was the case on
the 11th July, 1864. And those notes, be it ob-
served, are legal tender, $lOO in coin on the one
occasion possessing a purchasing or paying power
of $285 ; and on the other of $153. When our
English dockyards arc paved with iron, and are
alleged to be all but useless, the goldroom, by rea-
son of its authority, might well be paved with gold.
It is, moreover, an institution which has rendered
valueless some of the profoundest generalisations of
thihkers and economists on money questions ;
separating, in great measure, the value of coin
from the sum of bank note issues, and bringing it
into subjection to other lawf.

" There is no shame to our manhood if we distrust
our own ability to endure the anguish of the body. . . It
is no secret that of late local anacthesia has been produced to
such a degree that the patient, retaining his consciousness,
can watch the surgeon's knife as it cuts to cure, and yet bo
" more'— D a
in-
debtedfl y
wT ietlhegro uatpthh,e
jsalilgyhlt3e,sitso6. sensation.4To onf
opnheysiiscatlhseuffpeurbilnigo.
whaestshuincekelevdeedarienornolbybfinaguitlloinoTth
anextaeract toifodnuotyf its
than to Mr. Day."—lllustrated News, page 828, June
utebelitchi,tyotor
dtihseeafhesedt.
139; uCmo pu
sr t
extracted Journal, p.w 16t8h20,
uMt
pain.
21
na..
19;or‘ro‘Mrrs., Dan3dY
lg'iavinfinguip
No chloroform, and perfectly safe. Every description of
teeth, combining the latest inventions and improvements in
dental mechanism, may be procured from Mr. DAY, dentist
(late principal assistant to Mr. Eskell, of 8, Grosvenor-street,
W.), 291, Regent-street (3 doors from the Polytechnic).
A Norwegian woman, 105 years old, and 78 of
her descendants, aro on tho road to Utah.
MISS BRADDON AND THE AMERICAN PUBLISHERS.
—ln a letter to the New Fork Times, Messrs. Hilton and
and Co. of that city Drake an impudent attempt to defend
their conduct in publishing a novel, falselyascribod to Miss
Braddon. They say—" If we have been the victims of an
imposition in sending forth ' What is this Mystery' as
tho work of Miss Braddon, for as such we were tempted
to purchase the original, wo have shared the critical fate
of the editors of some 300 journals who have pronounced
this publication not only to have been tho work of Miss
Braddon, but tho very best which has emanated from
her pen. Consequently, if our powers of literary detec-
tion, in this instance, failed us, wo have the pleasing
satisfaction of having furnished the public with a work
which, if not by Miss Braddon, is at least equal to her
ordinary performances. Assuredly we are not to blame,
for the reader purchases the book, and not the
author's
name, and it is our business to manufacture
and such works only, as we can sell. We do such works,
to be critics, but merely publishers, and not pretend
proffered to us simply as suitable to the market. judge
material
Regard-
ing What is this Mystery' as the composition of a master
hand, we published it, and have been amply rewarded
by the favour by which it has been received. Tho
reputation of an authoress frequently sells a most indif-
ferent production; in this instances thed romance, issued
under the name of a writer, has
reputation of its accredited authorasessureAlsy sustained
miaaßraddtohno
distinctly says that it did not emanate from her pen Nye
would bo ungentlemanly to deny her assertion. Still -wo
in many instances, have witnessed the weakness of authors
who, when their names demand a price, repudiate
prior productions, which, when issued anonymously, have
secured appreciation of their latent talents." Upon this the
New York Times remarks :—" If Messrs. Hilton and Co.
were deceived, as they allege, in purchasing a spurious
manuscript, they must be regarded, as, in a certain sense,
victims. Intelligent publishers, however, are supposed to
be not so entirely guileless as the Messrs. Hilton profess in
their vindication ; and we must take the liberty of saying
that the philosophic reflections on authorship with which
their communication concludes, scarcely correspond with
the unsophisticated character to which the writers lay
claim at the opening. They have made a 'good thing' out
of it, and they are satisfied—no matter how much Miss
Braddon may have been outraged, or the public swindled.
Messrs. Hilton and Co. probably expect to make even
some additional profit by the smartness of their letter,
herewith published; and to that profit, with these qualify-
ing words, we make them heartily welcome."