The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-10-01


ing sentiment was that OF satisfaction. with the
prospects OF an early adjustment OF the financial
difficulties.
During the forenoon several sales OF gold were
made under the rule. Messrs. Bulge, Shin Co. sold
$3.50 900 Tor account OF VIM. Heath & Co., at 1907,
and $500 at 1907 for account OF Reid Leo Con-
tent. Messrs. Jameson, smith Il Cotton and X. V.
Martin Jr, Co. Jointly sold out 81 100000 at l32
for account of A. speyers Co. A lot OF 100000,
belonging to John Poulir; another OF 100000, be-
longing to Polhamus Il Jackson, together with
some gold on account OF Lockwood Co. and Dakin
4 Gillespie, were also sold. While these sales were
progress the officers OF the Stock Exchange were
served with the following injunction:-
SUPREME CouRT.-EdlcdrdR Wttdrd, Pidtntif, rs.
Yn u. Nelson as President or the Nee Iork S.ocE
Ea @d I1 rcs og ~ WeSon e yossS
III. Wheelock, q. o. White, George H. Broddhedd aud
To,cnsead cor, Thomas Hog, George n Bend,
IL appearing satisfactorily ne by the complaint
duly verified by the plaintiff sufficient grounds
defendants, and each OF them, .. each ana every
member OF the New York stock exchange and OF
the New York Gold Exchange, refrain until the iur-
iFrSt-From buying or selling gold on account OF
any member OF SAID New YORK Cold exchange,
failure OF such member 10 perform contracts entered
into under and with re erence to the rules or bylaws
OF the New York Gold Exchange, ana from deciar-
ing or adjudglng any member in Default by reason
OF failure to perform any such contract, and from
eXpelling or suspendng any such member from the
said New York Stock Exchange, or interfering
with the fun OF his privileges therein on ac-
count OF his failure to perform any contract made
pretended to be made on his account by any officer,
trustee or agent OF said Stock Exchange, In conse-
quence of his non performance OF any such contract
SeSond-rrom enforcing AN of said contract by
any other means than actions In courts Of pubic
7nird-From buying or selling gold on account Of
any member OF said exchanges under the rules OF
bylaws thereof where the arSund OF SAID purchase
or sale is the failure of sucn member to perform
contracts entered into by him on September "a 1862
under the rule aforesaid and from expeing or sus
pending any such member from the said exchanges
or either OF them, or interfering with the full eXer-
clse of his privileges therein, ON account OF his f
ure to perform any contract made on his account
by any officer Of either OF the said exchanges,
in consequence OF his nonperiornance of any such
contract as aforesaid until the further order OF THIS
Court and IN case or disobedience to this order you
VIII be liable TO the punishment therefor prescribed
by law.
And it is further ordered that the defendants show
before Justice Of this Court at Special Term,
to be held at Chambers In the CITY Han OF the CITY
at ten O'Clock A. NJ, why this injunction should not
be continued until the trial OF this action why
such other further order in the premises should
- : '''''' : ~ Albert CARDozo, s. s. @.
NEW YORK, Sept 60 1869.
PROTEST OF PoLHAMIUs AND JACKSON.
At the time when this injunction appeared, great
number OF gold dealers protesting against the
action OF the Stock Board In selling under the RUIZ
and had the order Of Judge Cardozo not been ssuef
1t Is probable that excitement would have been
occasioned by the many opponents TO the proceed
ings OF the Board in this respect. Among the
parties protesting were Messrs. Pohamius and
Jackson, who sent in the following letter to the
Board:-
Mr. WILLIAM II. NELSON, President OF the New York
| Strive have been served with an Injunction by
Mr. Justice Clerke, the suit of Messrs Smith, Gould,
rim & M fpr,s a
ner from carrying out our contracts for their
account the orders OF other brokers, and we
| advised by our counsel, Messrs Sanford Il Wood
| run that If we violate the injunction subject
ourselves to punishment for contempt OF court, as
result from such action We regret that legal inter-
ference prevents us from carrying out our contracts
on gold for smith, Could, Martin d Co., and such
We shall continue to meet our street contracts
usual, and our business in gold on other accounts
Will be also continued. Yours very truly
POLHAuIUS JACKSON.
LETTER FROM BULGE, sCHIFF & co.
The following letter has also been received from
Messes Bulge scnifr Co., in relation to the sale of
gold on account Of Messrs Reid, Leo q Content and
Mr. John Pondir-
OFFICE OF BuDGE, ScHIFF & Co.,
No. 33 EXCHANGE PLACE,
NEW YORK, sept. So 1859.
To THE EDITOR OF THE HERALD
SIR-We beg TO inform you that our action OF sell
ing gold to-day under the hammer, through the
President OF the New York stock Exchange, for
account Of Messrs. Reid Leo q Content and Mr..
John Pondr, was merely done In order 10 establish
fixed rate at which outstanding contracts could be
settled.
This communication we request you TO insert in
your paper, as otherwise our action might perhaps
throw an unfavorable light on the standing OF the
abovenamed firms, We remain, sir, very respect
fully yours, BULGE, SCHlFF d CO.
CIRCULAR OF W. +. LIvERMoRE co.
The following circular issued by W. r. Lvermore
K Co., explains ITSELF
OFFICE OF W. r. LIvERMoRE & Co.,,
NEW YORK. Sept. 80, 1869. I