New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-10-01
rEw-YoRk DAILY TRIBUNE, FRIDAY, OCTOBER 1, 1869.

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az while common With office ether methods. would have The
e 'sss nss e; :il s ::s User, e =:
with which have presented these suggestions with @uc.
70 this letter no reply was given by the Secretary Of
the Treasury and on The sd Of september Mr Cfews
again addressed Mr. Boutwell, in substance as follows:
saud'i Ous9 Of Orntr The result %
ei .s i s Tss r1rR
Oinoney and the 1cs operations
.syg d"d ne ~AS. ss.iss' @' country ~, %Gs e..
s,sury should At surp ,n market with geld ,n er.ss
Hseessy Of Suus bonds With gold rcu, day. delay
to e sons IL S . % desirable that the soInSsr
p.d ss.;.
gsS i q ss s sss. % Il ~ % cen: % @
There strong feeling snng conservative banner, here "a
Ca.. S f..Siy ,p,r. d:
@ Hss 's $ % Ri.
% ss.s.: Ysss credit
Mr. cews conversod freely upon the state Of
| following conversation took place
Reporerwhen in your opinion will this fever die onti
spring bushes. has been Jared and is out Of
he S Of aSen
have faith in each other Money is tight now because
stands With S''a eerod check OF hand
and the other has hold OF his purchase while the sele,
check with the other. Now, tell you how this mat
ter will be adjusted. Until recently the great majority
tn 1hS o
s that SSs sR the
bubble burst. and the stocks have fallen There are
capitalists who wait for Just such times a as these With
country have orders not on margin but dollar for dol
graphs sent to TO purchase. Many WHO on
other hand need money to themselves from going to
exactly what the capitalist DESIRES aud into the mar
money that has been heretofore boarded away
This will make the market easier. Tho stock IL dstrlD'
uted not among two three but among hundreds who
Of buying stocks margin come IN anu p0y
The panic is accidental growing out OF the who ha goia
the hands OF few holders, who, in seasons Of distrus
found 1t impossible to carry the load tdhers essen
peco S@ .tS the as Of REDEMPTION
them and Independent OF foreign exchanges 80 that
Ills cause the banks have wthstood the crisis With
markable frmness This is one singular compensation
S eE Ense y only
damage being temporary Which Implies n
deed the surplus means OF the merchants have been
s Of the last two days has been very
largely due to their Investments This process mas re-
s sIGG shows that the panic not the result
orally condition OF affairs but OF circumstances
T5s panic SsSs thu. 'es
s n % mG no 80 as In
the OF former panics. Many interesting s2enes.
have teIegraphed me- as II in terror. from oil parts to
save stock and the answer has been the same II
further remarked that he hoped the stock E1ehsnse
would take hold Of the American Y beyond
the reach OF irresponsible men, and call II with other
stocks Then the business community might be com,
parayey safe can Sg that nat nss gDs
had consented do this wuneShas suffered IN reputa-
as OF amy Board and Of Which tie gold
gamblers are the worst"
GENERAL BUTTERFIELD's VIEWS on THE PANIC.
One of our reporters called at the Treasury
Department yesterday afternoon and had an interview
with the Assistant Treasurer The following conyersa'
ton took place:
Observation-Disclosures affairs look at present Generaii
Ansr,r-we the storm has passed over now and very
soon matters will be so adjusted that business may DC
safely renewed No one has suffered Dut hs
Reoier-IIow do you account Tor the dearth oil CUT
reney ~, A., ,.u,.n..
Of the small money has been taken TO move tne
cotton crop II requires three hundred millions TO eneet
three million negroes In the South who carry
twenty dollars IN their pockets. whereas they never
thought such thing before TINS also takes OH twenty
ReporterEWere you at all surprised at this financial
oi HnsSer-o no! it was not unlocked for Mr.. A. T.
Stewart talking with me few days before puf'
upon u.s. and said he not buying anything abroad
lie expected depression Other merchants sso' were
CEN Battefaed said he had Just written letter TO
Secretary Boutwell, presenting an account o. matters
in healthy Condition. and 1t his belief that in day
| or two the woned regularity IL business wona pe
rssn% IN hs Office but Yesterday he ssunerrd through
the streets first time since the panic broke out
THE INJUSCTIoNs.
| The exciting topic OF the day was the serv-
ing OF new njunctions 1t not wholly unexpected
as aware OF remarkaoie passion Oh ,le
Erie party TO deal those In fact ono broker
remarked that an additional judge and court should DC
provided especially for that business 70 DO emitted tns
Thigh Court Of Inunctons' The foiio"ihS was Scf'0a
.s T TSss.::t G Tsu. ss n:
George Ba1 T,SS s Hs. . PSeS. o ne
b. fi sasd; &, = order ?.
S:1.sy a . I'D :.sl
them s :a sis' 6 s"S Ts. The i.s ono
;Tf % gold Sp S% ss' ss .. gre
or ale The failure s sG a.. s%p sser ss aod., d.
= Tie s ss: az ssns s from fsss s
Of H. g . :: s. SSa. 5 ss'. S s s ps s
. Eel ,..5: q
steps o. Commits; ,D Sgs ssu
e az :s:s
81 s oS: os f e.: pubic
x. 6 s II ' 4 ;S; .e iss oss!
70. SSy ii. saaeon continued why the pHf
should :Sl S'1 1, relief may b ;s:.D
A sued out By oould smith Martin Co. and
Bend and Numerous other defendants, all OF whom are
either members partners Of members OF inc new
allegations which in substance are as follows dnsy
| 10 which all the members OF the kew.fofk COLD IL
change have accustomed to send daily statements
of their transactions In gold, from which statemens
balance Of debit credit Is made up or eaoh OF the
| dealers, showing tho amounts when wiz 10
| dine 70 or from him from or TO every other
member OF tho association that such balance 10 sma
I'm proporoI tho whole amount OF eaoh dealer Trans
actions tho ratio of such balance TO tho Whole amount
Eliminating greatly the transactions increase ,a s