The New York herald., 1869-09-30

WALL STREET
Progress of the f'inan-
Cial Panic.
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MORE FAILURES YESTERDAY.
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Startling Rumors and Allegations
Against the Government.
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An Injunction Served On the
Gold Board.
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Receiver Appointed for tie Gold Ex-
change Bank.
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Final Report Of dlAe Clearance
CoEMmietGe.
TALKS WTrH "3TIsE IsElET'' HEN.

~
moiazlng engagements naturally suspend hostile
demonstrations to attend TO the killed snd wounded
ard reorgani2e their shattered battaions, 30 the
cOnLeDding forces which for the last ten days have
made a pandemonium of wall street were yesterday
engaged IN almost unavailing efforts TO retrieve
their ruined fortunes ana BRING order ont Of chaos.
Whatever prospect there may have been early In the
day for accomplishing these desirable objects, the
offensive operations OF some of the belgerents
almost if rot entirely DESTROYED them before the day
was half spent, and many mau who entered the
Gold Room yesterday morning with hopes OF
escape from the peyils which threatened him, re-
turned home last nigh, If possible more disheart-
cncd than before.
The comparative calm which settled upon affairs
Tuesday night was but the lu tlat precedcs the
nnal overwhelming burst of the tempest
Men OF all classes III this brief season OF hope, as
they felt the danger recedng. reflected upon the
catastrophe which was about to enguph them,
aud shud ieringly looked back to the calamtics OF
1867, when the panic in Wall street extended TO the
whole commerce of the country and involved every
branch or business in disaster. This panic was
In many respects similar to that OF 1867, and
It was well known that, with the exception
of few great houses, there is no merchant
or trader to whom his ne;ghbors and creditors can
look as being exempt from the gigantic forces at
work in Wall street. Merchants had loaned unem.
ployed funds to Wall street spectators, ana banks
nrN rp1v dam unh hr1t hol tboi,,.
selves engaged in the mad struggle No one has
put the slightest confidence his nelghbor In Wall
street since the first blast Of the storm last week,
and the exhausted operators seized upon every
transient prop of security as drowning men catch
at s,raws. few settle nents had already been pri
vately made among brokers who were anxious to
keep out Of the vortex; but the great mass Of out
standing accounts were dependent upon the result
or the Clearance Committees Investigations, which
would show precisely where every man stood. All
of Tuesday night dealers were consulting and COM
pairing notes respecting the probabilities OF es-
cape from the threatening perils, and when
wall street filled up again yesterday morning
appearances indicated that the hearty cooperative
efforts being made by nearly all parties would
avert the impending catastrophe ana enable every
one to arrange satisfactory settlement. 1t was
felt that few firms would probably go under, but
az The majori.y of dealers seemed disposed 10 SUBJ
nit 10 sacrifices for the purpose OF effecting an
adjustment it was believed that the report OF the
committee of twenty appointed to make the clear
ances would afford o solid bass upon which all the
differences might be disposed OF and the regu ar
business OF the board resumed
THE STREET
was crowded at an early hour, but the excited
demonstrations which had characterized the place
for many days previous had given away to remark
able degree OF quiet. The centre OF Broad street
was occupied only by carriages, the sidewalks and
steps of the bindings aHording ample room for the
assemb'age, which extended fur down the street.
In every direction groups Of men were engaged
IN low, earnest conversation, and every
new arrival supposed 2 possess additional
information was insanity captured and eager
Jy questioned Occasionally the rumor OF
some new failure would pass through the
street with wonderful rapaity, ana sensation
cussed at the other extremity OF the crowd before
the originator couId get around the block to that
poin. The people were simply waiting for some
thngfo turn up, bat their feversh brains could not
rest s.moment. ard anv cdiord, however absurd,
was received as a means OF temporarily rslievng
the suspense
STARTLING QUERIES by ONE WHO KNOWS
In conversation with pi ominen. Wall street man
Jesierday-s gentleman who Is fully conversant with
every move ID finance ana W no is interested TO the
1ng queries, which he stated p,'inted the way to
clear erbose OF tbe whole transa ction Of the panic
OF last week, were eYropounded:--
In an editorial article published In one OF our
morning contemporaries OF September 2i this para
graph occurs After alisiding to tile advent Of the
irrcpressiDle Fisk III the Cold Room they say
''rhey not only bulled gold with VIII. but talked
freely Of the warrant whhchehey had from Washing
ton that the government wopld not interfere with
them. The highest Official in the land was quoted
as being with them, and be. OF course, con-
tsoIs the action OF the Secretary OF the
Treasury and the New York Assistant Treasurer
Mr.. Corbin's name is also mentione6 in connection
with the clique, who, by the way, is broherin-law
Of the President.n
Now, who really compose the ring that made up
his tremendous combination to put ub god and
ruIn thousands to crafty their insane Qist for
greeds
Who Is directly responsible for the paralysis In |
trade, the fall in stocks, tie general distrust exbi
ted in almost oil mercantile transactions. and tho !