The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1863-05-28
PACIFIC
Commercial Advertiser.
The Gold Excitement i'm Boston.

The sudden fluctuations IN the price Of gold
created an immense excitement IN this city among
all classes Of the community.
The price OF gold has been talked OF so much
in the newspapers, and 80 freely quoted by every
petty shOpkeeper, a. 10 have become familiar 70
even the purchaser Of a pound Of butter or a
tall0w candle. Much of the enormous boarding
that has been practised, IL clearly traceable 10
the alarm thus created among ignorant people.
Those who have doubts Of it, would have been
convinced by the scenes in the Exchange and
Money Broker Offices, in this city, on Thursday
For months past the e price Of gold has been
an excuse for every dealer in even the common
est articles Of domestic production, the value Of
which had been slightly enhanced, to put on
thirty 10 forty per cent. advance.
Ask the price Of a common piece Of earthen-
ware made here IN New England, Z" ~forty-twO
cents"
4" But l never paid but twenty-five
Yes. madam, but gold is up you know
drives English goods out of the market,-fOlks
have u use these now"
And vet the clay banks are incxhaustible, the
machinery simple, and labor plenty. Price a
candle, or a silk dress, or a ball Of tow Irvine or
a French dinner set, a string of red herrings or a
Cashmere shawl, and you meet the same argu-
ment,-the high price Of gold.
1t Is not 10 be wondered at, then, that the
masses, taught thus 70 look at the speculations
In the precious metal with interest. hold on for
a big premium, and rush madly to the exchange
offices at the first indication Of a tumble.
We received a dispatch from our special New
York correspondent at about ii on Thursday,
and accordingly stepped down to State street at
II, 70 : see how things looked
Even at that hour, everybody that had saved
ten dollars in gold seemed to be visiting State
street u sell It..
How the news became so quickly and so gen
orally circulated was marvellous, for the brokers'
offices were shrOnged, and the scenes, dialogues
and transactions were most amusing. LabOrerS,
Irish servant girls, sharp operators, clerks, small
tradesmen in fact, all sorts Of people besieged
the buyers and sellers Of money with all sorts Of
questions, and enGed in selling out their boards
In all sorts of amounts.
The weIl-known Banking and Exchange Office
of j. W. Davis IL Co, was the theatre Of quite u
number of amusing scenes. Mr.. Davis does an
extensive business in buying and selling money,
and rs he is always ready to buy or sell at some
price or other, hs Office was u sort of head-quar-
for this business.
y charcoal man, whose entire suit, nOtwith-
standing the high price of rags, would have been
dear at five dollars, enters.
- What d. We give for gold? %
"One hundred and sixty-fye."
Al! be-gorra, Ill not sell for that any
(E=iD
(Re-enfers, qfar fifteen minutes absence, during
lrhich time he had riSifed sereraL other establish
meHtS-)
(AstOnishmeHf gf half a do@en sellers Of lchom
Daris' clerks are bHyiHg at sirfy-hro)
Can't take it now, sir, at over sixty,-just
telegraph dispatch from New York
(ChuckLe Of sellers orer the sdriHg IF hCO per cent
Indignation of render Of charcoaI.)
All! bad luck TO it, Ill 90 back to Misther
Ilapp for the sixthy VAIN ne offered me-"
(Exit.)
After the lapse of "a few moments enter charcal
once more, with Il flush of anxiety show
ng through the coating of coal dust on his
- Irr,b = raa,s nav ,,La tho ,ooIJ ~ ,,o g.
L hundher and sixty, If yen give no more
Can't give that now, sir take it at Il hun
and fity-ive."
:. DiviI a bit (enraged), shure didn't We offer
ne a hundher and sixty only five minutes ago -
Yes, but you refused, and the price has fallen
Pat IN despair draws forth an old mitten from
hidden recess in his garments, and takes out
IN twenty dollar pieces. and receives his roll of
reenbacks, but hangs about the place as 10th to
epart; he hears offers, sales made, sees money,
lips of paper, notes and memOrandums pass
and forth over the brokers' counter for ten
r a dozen minutes, while a stream Of people are
DING and coming finally he beckOns the broker
} him, and in confidential whisper says,
Couldn't We be after maxim the price We gave
lie fity-six p"
Ne if you are dissatisfied III sell you back
our gold ut fity-four."
Perhaps even this singular transaction might
ave taken place if at that moment one of the
had not popped his head in with
- Halo. Davis, here's Il thousand gold I'll sell
Du for fifty which seemed TO make Pat shy of
nv further transactions.
As the day advanced, however, and fresh tele- I
rams arrived from New York, another set of
IstUmers made their appearance on the street. {
heir inquiries appeared to be for sums of quite {
respectable amount, and as they came into the
I'D the price appeared to mount out of their {
in a most astonishing manner.
- Vat will you geef me for five tousaud gold,