New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-28

he he various IunchrOoms III lle m Ne
Yet tnccc were some seeay ,Dpo are known by the
r,lItt oil "Curhs tone opcl"!pIs MEets not holding
sud their Offices, forsootn, a t ' an that
ora ndnm books IN their pockets ne he' meeting in
thoy Cold Room. Oh the th9usanTr rho members
aucbfered houses Of that awiu ftu"S n as II they ex-
about with their eyes cast Gown a dring
~ Gp8 tncr lost margins It was f had
the day that five millions OF re obliged To- sell out
Gu oCs,Sipers Commodore vanderbilt nidue NE or
pcarance the street az ad AGAIN saved the day and
tne SUI ne moved he was looked upon as the mere OF
the hour Many brokers are OF to he ront of Friday
Cii have beenIrepeaed on Saturday Inc Connou1Ie
~ n tour of Warl and BrOadsts ana turning mo
place as satisfied with the general appearance
of thugs on the street, entered MS c"Iri'Ho "nu va"
VIII Tbe 'G cold Board met again at 8. There was but
small attendance as it generally understood IhaU
stated that the committee unable to make any re-
pOrt as yet the bank had not concludeu ost
busness recess again took place Az specla ineeI
ing of the Board the following reports OF committees
were read and adopted: , a., , yo,l Gold
E,RsSe Bank on Saturday Sept IS 1863 TO inquire INTO
The ss Of 1 me- pG ss names only
opinion should be stricken out IN qen and Se
all will be able to respond to ne s"pes TO he
again in notion aud hope Whitewater be able 10 com
Psie ee9nsfs as usual the committee beg to testify the valuable
services s iesdeIeS GE BY the the bank especially NJ, H.
Tanner H. w GRAY, n NmpTTIS
X IOUNsBERk1
The Secretary then read the following communication
EwoK Cor EFGTSsE BATS Ss sept dsS III iS with
appointed By the members OF the GS% hxG ou respect
anime the srs of he FSi ovs
Eord ali purchases and sales Of gold be @ u s
purpose Of borrowing and loaung gold nj, c.. ., >, ,rea
Rei That all Transactions made on Pu spa e and The
through the Gold Exchange tomorrow SePt h S H. Benedict
S G s; GTe H. VI GRAY Martin Ed.1T'i men
Again arose the wild tumult of score OF ANXIOUS men
desiring TO be heard To save time committee OF nlne
was appointed TO settle standing and way contracts ana
enable tho Board 10 resume business me IUhoEiiS
gentlemen were appointed Messrs' a. F HGya
Balou AdOlph Cans, T. b. Hodgki, n, ., G w y Tav
l. Osborne. Charles Hugh, George Phlpps ana - faS
or Mr. James Brown made statement tiat hiS u
perfectly solvent after which me SCARE go Hnr
The following letter was received al TIC IeSu'' Do"iu
yesterday e,is,r6, yd ag = t,s;,
BTaT S. In c.ce Of W P Bden Co not meeting their
engagements Ne ua5e hqdate claims Consequently we are
00"t'' " '1'I- " ~ GEo Franz No 50 E,changePlacs
The following notice issued Yesterday morning;
49, United STATES TRRAsURY Sept q, lbtJ
The following been received at this once from We
S Yc are l'f to that viii sell IN the r'1
> g Of ES On s. .Se IHai S made on Se next Also
than YOU viii tie purchase Of E2V"N 81 bonds eaeh
the Of gold and ne lpreha,e Of s t On IT ,b
o ~ Payment in currency must be MADE o goa al 'ne
' g ~. RrrrERr1fup Assistant Treasurer United states;
most reliable members OF the Gold Board III his ONCE
where were number OF prominent gentlemen ana INC
Reporter-What do you think caused this financial
4,sre-It was the result Of conspiracy to pull the
price Of gold unnatural price, ana get people 10
the brokers acting for the clique" and then finally
sending irresponsible parties TO bid the market up TO 60
and above. while other brokers we're saddug tc luaTht
with their clique gold and also forcing as many 10 settle
privately with them at 80 and IS as they could
RD0rter-WhO compose the "chqueF -,
AiSrer-It would not do for me TO answer, gentle
man landing near said a moe "I f m NO. TsE ,r
jay Gould, tie Erie gang. aud the TalnaBy 9tnoials'
3fr. Keep--I add the name OF "lllam belueh' 10 ny
ReBo;!er-Do you think they made lost in the trans
ISSeer-I think they made enormous sums OF money
by pocketng the margins Of people who were borrowing
goa aSte SnT sapdnS near said add please to your
report that this is one of the most Infamous transactions
on record am not afraid TO say that cannot conceive
of sane man going into an operation Of tins character
and gnitude without having had first the assurance
Of the powers that be. you WANT the Whoe thought pc
evc that some understanding must have been had with
the Treasury keep hands OH The sudden change OF pro
gramme evinced in the RAPID advancing OF pr.ce Ga1
Friday morning may not have been the result OF private
information from the Treasury Department 10 the enect
that the Government would come TO INC Ieseue VI ING
people, and yet significantly 1t may have been. -,
Repgre-What do you think OF the transaction OF the
Gold Exchange Bank during this crslsT
AHSrG'-NOthlug more than that the vast amount OF
business the bank utterly demOralzed as leading OH
cerj0O 100000 OF gold TO be cleared, and 1t parayzcd
them. The pressure was gigantic.
RepoTter-When and how do you think this confusion
1nsrerEAs far as the Gold Exchange Bank is con.
from It's feverish galop 10 the legitimate ro for nk
IL bank will pay 1t IS said that tAreeqparters Of mo
One-quarter will be paid Tomorrow mean Thursdays
AZ 3iS6san matters looked gloomy The tomorrow
was looked for despOudingy. IL was Tuu0rcG That the
great made yesterday upon certain house would
imperl certain stocks In which they were largely inter
ested aud feared that collapsed bubble would
follow another In the minds OF ali there seems To DO
restless tired, vague, unsatisfactory feeling
WHAT BANKERS THINK OF 1T.
Ia times like these, when the financial in
ter,.ts of whole nation imperiled through the
Vaccinations Of few unscrupuous men, the opinions Of
leading fRancers Of immense nteres, 10 the public
Approaching this fact the reporters Of THE TRIBUNE
waited upon various prominent bankers last evening
with the result given below one gentleman. who stands
deseryedly high the financial world because % his
OF business and finances and his unGinchrg
honesty, said: 1 have doubt that this panic was
brought about by certain nanciers with the especial de-
sign OF running the banking interest Of this city cannot
mention names, but may say that certain prominent
bankers applied 10 the Controller Of tho Treasury short
time since asking him 10 appoint corps ~ examiners
look INTO the accounts Of The Tenth National Bank.
Mind you, this was intended as sur upon Mr. Callcn.
der tlc Bank Examiner OF this District aud his efficient
corps. The examiners arrived here Friday, tao Con-
tPUIlCT having granted tic request What was tie
sult The nOsed abOu I'm financial circles,
ard th1 standing Of the Tenth National Bank became
matt I OF doubt: You know the rest The run the
hank and the noble way IN which was met arc matters
OF public news. say nothing of those VINO allowed
themselves TO be mised by rumOrs had no. the bank
been able to meet their demands as it was this city
would have seen panic compared which 81 was but
shadow But the BANK came out with credit 10 itself
and honor 70 the system and the designs Of its enemies
were frustrated. must explain here tnat no matter
where the prominent bears" kept their accounts land
you may be sure they did not keep them IN the same
places where the bulls did their banking they natu
rally desired 70 cast d credit the banks In which the
" bulls" were known to deposit Thus as the Tenth
Nation al was known 10 be the bank Of Smith, Gould
Martin Co., Belden Co., and other prominent "bull
operators, the examination called for and every
effort made on the part Of the "bears 10 break It's
credit Who are the bears Well, cannot tell YOU but
their design was this II the credit Of Tenth National
Bank was broken, they knew that it would prevent tie
ccrthcaton OF the checks OF Smith, Gould, Martin Coz
and other prominent pulls, and thus the market would
Dc broken and general panic would ensue not only in
gold, but IN stocks and in money. This was the pro.
granme. But thanks TO the pluck OF the officers Of the
Tenth National Bank and the sOundness OF its manage.
ment weathered the Storm and its suspension, which