The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1863-03-14
The cold Rampage in van street.

The Cold Rampage in Wall Street.
New YORK, March 6.--An astounding
panic has prevailed for The last two days .
throughout all that region bordering on I
Wall street, and in which brokers' Off
ces do most abound. Unlike all other |
panics, which subside almost as speedi- |
iy as they are created, this which has
now seized upon the innumerable host of
large and small gold spectators bids
fair to be lasting, and promises to bring
hundreds Of the small fry dabblers to
grief il first made its appearance in the
ranks who had taken up their usual
ground around Change ON Wednesday
morning but the news which suisse
auently caused such dire connection
failed for a time to,make any perceptible
change in the state Of affairs. A
little later, however, there was a
noticeable frightening of visages and a
stealthy slipping away from the now
really perturbed and anxious crowd of
the long beaked chaps, who made big
tracks to the brokers' Offices. These we're
quickly followed by a whole mob, now
divided into different packs, according 10
the direction in which their prey lay,
aud the rush was so great that it became
dangerous for casual passenger to enter
one of those narrow streets. This was
the result Of the effect which the new
banking law has had upon gold specula-
ton, and which brings up all standing
| those who have OF late devoted their
whole time to this one of all absorbing
pursuits. Yesterday the panic increased,
and from up aud down town, from Brook
lyn and Williamsburg, aud all around
came thousands who poured down Wall
street and scattered themselves here as
from common center, So great was the
rush that il was almost impossible for
auy one to elbow his way through the
excited mass, who fumed and fretted,
and pulled their hair, and cursed with a
confusion of tongues that would have
shamed the gathering of Babel. The
excitement was not alone increased by
the vast accession of cormorants TO the
crowds of the previous day, but by the
increasing depreciation Of the premium
on gold, which babe fair to dissolve the
golden dreams INDUCED in by so many
among them, and which kept their la
mentations on the cresceedo scale.
At the opening of Change yesterday
gold which had fallen the day previous
four per cent, came down eight or ten
per cent with a CT ash that sent the oper-
ators flying again in all directions. Mil
lionaires-old adopts at the game of
peculalion-traders, shop keepers, lot.
terry ticket men, Peter Funks, clerks
cooks, walters, old clo' men, and the
thousand others that the deranged state
of the finances of the country inOcula-
ted with the gold purchasing epidemic
all rushed into William street, and com
pletely blocked up that thoroughfare fol
some distance on either side of Wall
street. There never was seen such de-
plorable crew of disappointed money
grabbers en- the rampage since the days
of Titus. Many ludicrous scenes were
enacted around the brokers' Offices. Jost-
ling, and crowding, and trampling
some endeavoring to get in, some tC
get cut, all impatient and all resolutely
bent on falsifying the old aphorism
which says, a fellow feeling makes US
wondrous kind" Though kindred spir.
its, there was nothing of kindred feel
ing among them, save in the great desire
20 Bet Tlu Ol tnelI BOIui WnlCu luey nae
been previously so anxious to hold oven
for higher prices.
Most of the heavy spectators were
Jews, and they cut miserable figures al
they rushed TO and fro, foamihg at the
mouth, cursing with impotent rage Old
Abe and Secretary Chase, who had
brought this ruin on the house of Their
fathers. One incident is worth relating
A Jew, named Meyers, having some gold
transaction with a Christian, the latter
on closing the business, asked Meyers
his name. Meyers" replied the other
"Whafs your Christian nameY "Me
ish got no Christian name; I'm ish a
Jew" Another ancient looking Hebrew
was so astonished at the state of affairs
in Wall street.-the impetuous rush OF
people flying as if pursued by an army
with banners, the amount of gold they
carried, and the alarm exhibited in their
countenapcee, as if fearing TO be left be-
hind in the race-that, after some time
contemplating the scene with lowered
brow, he raised his head and exclaimed
MeiR Colt! dere ish been noting like
dish since de crossing of the Red Sea"
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