Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1869-10-06

I two gambling factions, either beinp
bound to win. Altogether it was a
miserable and degrading spectacle, in
| furious to trade and damning in its
character. Princely fortunes have
been lost and won, but the moral is
| the same. Is is unfortunate that two
such despieable institutions should
exist-twO eliques of reckless eOnspi.
rators, who care as little about disturb
( ing the peace of the community as
/ perhaps the individual members OF
them think of committing suicide.
The prudent energetic action on the
[ part OF the administration has ELECTED
the most hearty recognition, and it is
sincerely to be hoped that the ground
less panic, started for the benefit of q
few operators, has been satisfactorily
disposed of. Such was the excitement
long after the announcement of the
telegram that immense crowds still
thrOnged the streets, eager to ascertain
the freshest intelligence appertaining
to the affair. When gold descended
to 1881 all hopes were abandoned, and
the great excitement which had hith-
ertO prevailed quietly toned down.
Little remains to be told. Reckless
ness, plot and roguery have done their
work in Wall street.; adding but an
other chapter to long, sad list of crimes
characteristic Of that locality.
SCENES AT NIGHT.
Wall street was virtually open all
last night, although most of the bro
kers had gone home. Half of the
houses reported to have failed have
only temporarily suspended payment,
and that, too, owing to the inability
of the Clearing House to attend to the
great flood of business that ineessant-
ly poured IN. It is estimated that the
amount of gold bought and sold yes
terday exceeded $500, 900, 900, and ss
that amount is divided up in lots rang
ing from S5, 900 to 100000 the manual
labor of the clerks must be enormous.
Most of the clerks were engaged the
entire night, a circumstance of rare
Occurrence-One only demanded by
the exigencies of the occasion. When
statements have been properly made
out the prospects of some may be yet
brighter. So ends the panic.
THE CLEARING HOUSE.
At late hour last night we received
the following notice from H. NJ. Ben
ediet, President of the New York
Gold Exchange Bank -
NEW YORK GOLD EXCHANGE BANK,l
NEW YORK. Sept. q, 1863.
The rules of the clearing depart
ment of the bank requires the pay
ment of all balances to the bank be-
fore the payment of any balances by
the bank. Owing to the failure of
several dealers the adjustment of the
accounts has been delayed. The bank
has large surplus of both gold and
on the movements of the
day and will pay out to dealers as fast
rs the accounts can be settled.
H. NJ. BENEDICT, President.
THE EXCITEMENT IN BROOKLYN.
Brooklyn did not escape the excite
ment which prevailed among these
and the remarkable fiuctu-
atoms in gold was the all-absorbing
topic of conversation on the boats, in
the cars, in saloons and on the streets.
Every one appeared to be deeply in
terested in the matter, and awaited
with feverish impatience to learn the
latest news from Wall street. All
sorts of rumOrs were afioat during the
and finally il was reported
hat the contest had eliminated in a |
general riot, in which faces were dis |
figured, heads broken, &c. Large !
of men crossed the ferries to |
lscertain the truth or falsity of these |
-epOrts, but at half-past six p. NJ, the /
'epOrt in regard to the riot seemed to
De confirmed, for at that hour Major /
Bush of the Fifty-sixth regiment, re-
,eived a telegram from Inspector Cen
raj McQuade, calling upon him
o order his command to report for
luty Immediately to quell the riot in
Nall street. The members of the reg
ment were subsequently notified and
at the armOTy in uniform as
OOn as possible. The order, however,
Fas eOuntermanded, and the men re-
urned to their homes greatly pleased
o think their services were not called
ntO requisition.
&e-O-s