New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-29


from the counter to the outside door, Three officers and
two detectives kept busy endeavorng 10 persuade
aud command the excited hrong keep in their places
but 1t seemed truess task The passage way was con-
stany chOked with noisy and distressed operators who
came to seek and what they feared might be lost
Alterations and wrangng about precedence in the line
were constantly occurring and the officers seemed sadly
puzzled to know at what point orbearance ceased to be
virtue At O'Clock the committee closed the door, and
the agtated thrOng turned away. About this time the
crowd in and about the Stock Board The
room inside packed to its utmost limits OF capacity
with an excited, shouting throng, through which 1t was
next TO mpOssibihty to pass. Had not the ribs Of
these hundreds blessed with most mercfu power
OF contraction the results must have been extremely dis
astrons AS It was, those who were equity corned, or
although the request was futile. The crowded mass
and rounded off with heads Those who were in could
not get out though they would so much wish It,
it might be- So there was a complete blockade From
within the impatient would deelaIn, in terms forc
BILE than polite, to the outsiders to clear the way
From without the exsspeTated throng would return the
the temper of both parties seemed dsempered red
hot pitch and in of twenty thirty they impro-
force began to show ITSELF and the outer crowd
resisted To and fro they surged several times
chase, the insiders made desperate effort and. with
tremendous unge, hurled their opponents back Perhaps
200 men thus were sent in heap peme into the street.
and against fine large carriage horse who went down ON
his launches surrounded by bulls bears who
there were great may wicked things said Just them
put good aunor and more accommodating spirit seemed
At O'Clock there was a meeting in the Gold Room. TO
consider the best ways aud to untangle the bust
ness snarl Of last Friday previous plans having failed
| Az this point every man seemed set against
a separate proposition TO urge, and discus
sion ran wild and chaotic At length 1t decided to
appoint committee of twenty members Of the rOom)
who should be extemporized into special clearing:
speculation and reGstablish confidence This is merely
temporary eYpedlent until permanent arrange
members Of this Committee r. L. Edwards G. K Bend
HePPer, W G Taylor f. H. Cross, NJ G KIingenfeld
H. CamblOs, II. SANCTION, H. @. Gray. George Phipp r.
Whttemore d. Mlllken, R. Lounsberry, W. Duff C. f.
immediately thereafter lively discussion sprung up
nations bitter invectives and denuncGtons seemed TO
be the order The Presidents gavel worked like trip
hammer but its blows sounded amid the surrounding
din as soft as preachers thump upon velvet pulpit
cushions hundred voices in the same breath shouted
the top of their The bulls and
growled in style never attempted by any Of their wild
namesakes or course no one could be understood and
the time was worse than wasted. This was per
Of embryopanc. Men actually furious either
from dreadful looking forward to loss, passionate
pushing and elbOwing and hard words At times it
appeared as though physical arguments would succeed
person fell, and trodden on for moment by the
crowd-yery much Ike cattle getting down" in
and being unable to The lie occasionally given,
and very disparagng opinions interehanged between
At length order was restored sufficient for Mr.. II.
Camblos who shouted at the top OF his voice, TO he
immediately upon the adjournment of the GoldRoom,
and examine the statements OF the members from which
a balance-sheet would be struck which would be pre-,
sented today IL only required the confidence and
suceessfu result II the gentlemen would so unite their
good Will and exercise discretion, he had no doubt but
that they would be able to clear affairs 10 the satsfac
ton OF everybody This received with enthusiastic
applause by the majority number however demurred
wanted their settlements-their money Wherever
they turned their efforts toward settlement they were
They tired of this, and demanded settlement at
once. The that eDsued again OF the widest
Confusion COMPOUNDED" regned The gayel
thumped ceaselessy and uselessy for ha hour when
Mr. ]. b. Hodgskn explained the reasonabeness of the
extempOrized Clearing Committee acting Trustees
receiving and examining the statements Mr. Colgate
not submit 1t - he said You must; wen make you"
cried number of voices :" won't and you cant make
claimed another. -" shall send in any statement"
PresidentP shouted several excited voices ''Mr. Col
will surely have the good sense 70 submit to the de
s send IN his the allotted time he will
SSuar re- failed ," voice shouted You dare
clare me failed; you dare not. SIR he exclaimed !
exctedly, advancing toward the desk Cries OF
Order ensued, and Mr, Colgate was somewhat sou
soothed by his friends, but still declared the same
feeling: 1t was next moved TO appoint GOA
Exchange Bank, TO ascertain why the remaining trans
borne james Birch and A. g. speyers were appointed by
the this Committee. During the heat OF the eX-
were certain individuals who did not wish this settle
ment and for their own selfish ends would hamper he
d9y John Morrissey and other notables Promi.
nently visible The whereabouts OF James f 6a
to his person were freely expressed he was not seem
adjourned at ~ O'Clock.
THE ALL-NIGHT MEETING.
The Committee of Twenty appointed to clear
the gold OF Friday met last night at the oco
OF Jay Cooke & Co.. and will be in session until 10 this
morning, by which hour they hope TO have perfect
sheet and have all differences settled At midnight the
uhero ~
The majority Of accounts received adjusted themselves,
not calling for q balance either way they had
been settled by the parties themselves, and the
Committee had simply to record the statement
Among the accounts in those OF Heath Co,
Smith, Could Martin Co., and many other firms prom
Use 70 have theirs in at early hour this morning. as
they had not recoeced their statements from bank or
had them locked up in their vaults. Many members
have sent in their tickets but have not forwarded their
The committee deem 1t advisable not to
publish the those who have not settled as snch
publication at this time, effect no good ana might
tend TO msead the public 1t is the general opinion OF
the committee that by 10 o'clock to-day all monetary
danger resulting from the panic will be ayerted
THE GOLD EXCHANGE BANK.
The feeling of the brokers against the Gold
Exchange Bank is most bitter although many OF them
m inst enouoh 70 admit that It's action Friday
designed for the OF all concerned and actually pre-
vented n panic more damaging than that OF 67 III ap-
nears that during excitement OF that day. wheh the
transactions aggregated over sOOOOOOO incudhg Pur
chases sales and loans, the bank was ovcrwhelheu
with the immensely business and Its clerical force
was pushed 10 its TO settle mp Thursdays accounts
fpbicb footed I'D 1924 100000 and which were partially
nnsetted and attend the current business OF the day
reporter Of THE TRIBUNE called at the bahK Iast even
ing and informed by MT Benenlch sne IN rhe
that tile bank making satisfactory progress Al oo
settlement Of Thursdays business ~ Ina U H one ~
the force OF the bank hard at work. ana one Oh
l.a.a' lorlys hp