The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-09-29

depredatlons.
| The City.
Miss Kate Bateman Miss Lucille Western and
several other popular actresses were at the Tombs
yesterday to complain against lad OF sixteen who
has, on one or two occasions, obtained portions OF
their wardrobe by representing to their servants
that he had been sent for them Most OF the dresses
| were recovered and the boy was committed.
Jacob Cohen, OF No. - Baxter street. was arrested
yesterday and held in 81 600 bail on charge made
| by Mrs. Lewis, against whom Cohen had made
charge of stealing that he had baed her out during
| a previous Imprisonment and had tried TO compel
her to steal for his benefit In order to repay him for
bailng her. On her refusing to steal for him he had
surrendered her to the courts. Cohen gave bail to
answer.
The situation In Wall street is still one OF confu.
sion and aggravaton. The Gold Exchange resolved
to transfer the cearances OF Friday to the Bank Of
New YORK, but that institution declining, the mem.
bers went ABOUT the work themselves and extern
ported a clearing house IN the Gold Room. Mean
time the dead lock at the Gold Bank continues over
the clearances OF Thursday. Gold was nomnaIy 100
to 1913. The stock market again broke down, New
York Central falling TO Isl. The money market was
stringent, but anticipations were INDUCED In that
the Secretary the Treasury will to-day purchase
four millions OF bonds and give the street the benefit
Of the currency.
The steamship Scotia, Captain Judkins Will sal
about noon to-day Tor Queenstown and Liverpool
The mails VIII close at the Post ONCE az 10 A. M.
The Anchor line steamship Caledonia, Captain
Oyenstone will leave pier 20 North river at IL NJ.
to-day for Glasgow via Londonderry
Prominent Arrivals in the City.
Major Rufus King, Jr., and A. G. Houston, of the
United States Army, and Frank @. Rufin. OF Vr-
ginia, are at the Astor House.
Hincks, OF London, and General Parke, OF Washing
ton, are at the Brevoort House.
Boro Danzas, OF the Russian Legation, and James
O. Sheldon, Of Geneva are at the Clarendon Hotel.
General A. II. Lawton, Of Georgia; James r. Card
Of Scotland, and Senator Thomas +. Bayard, of Del
aware are at the New York Hotel.
General r. Avery. Of Washington is at the St
Julien Hotel.
Senator b. Rice, Of Arkansas; Bishop Cummings
OF Louisville KY, and Major w. G. Beardsley, of
Auburn, are at the st. Nicholas Hotel.
Colonel Stewart and Major Taylor, of the United
States Army; Professor Williams OF Massachusetts,
aud Rev. DR.. Briggs OF st. Louis, are at the ST.
Chalres Hotel.
Count Fisconti and Captain Bolep. of Paris; Gene
raj Lanin, of South Carolina; Lieutenant Comman-
der Beardsley, OF the United states Navy; Colonel
r. McMichael Of Saratoga; Judge A. Boar Colonel
Francisco and George Ashbury, Of the United States
Army, are at the Metropolitan Hotel.
Commodore Case. Of the United States Navy
and Homer Ramsdel of PoughKeepsie, are at the
Coleman House.
General Brayman and Captain Baldwin, OF the
United States Army; Richard Busted Of Alabama
W. W. Trimble, OF Mobile, and General Brge, OF
Connecticut, are at the Hoffman House.
Colonel s. L. James, Of New Orleans and Galusha
A. Grow, OF Pennsylvania, are at the Fifth Avenue
Hotel.
Prominent Departures.
Colonel s. Randall and MAJOR B. Merrill, for Bos-
tom Colonel c. Slavery, for Illinois; DR.. M. Graves
for Philadelphia, and s. F. Wilson, for New Orleans.
The Confusion in the Money Dfarket-The
Secretary Of the Treasury.
The wildness Of Wall street which was in
augurated on Friday last has not yet abated.
The confusion in the gold market remains
unsettled. The stormy elements are at work,
because the Gold Exchange and the Clearing
House are impotent to still the storm, and the
Secretary Of the Treasury came into the field
too late. Everybody knows by this time the
origin of the Wall street difficulty. A band
of gamblers, in broadcloth and fine linen,
conspired to lock up gold on Friday, and thus
make panic in the gold market, and they
succeeded in their scheme for time. Broker
failed upon broker, and banks closed, and the
Clearing House refused to transact business,
and confusion dire and terrible lasted for
three days. A disruption of this kind affects
all trade and business. 1t destroys relative
values, and in fact makes tho progress of COM
merce impossible. When specie currency is
combination of gold gamblers our whole COM
mercial system becomes embarrassed, 80 that
the evil is not confined to Wall street and the
Gold Room. If it were there would perhaps
be little cause for regret, but the entire system
of our currency is disarrangel, and thus the
evil becomes universal.
There are two kinds of currency essential to
the transaction of business--paper currency,
which is needed for home purposes, and gold
currency which is Indispensable for our foreign
traffic. The latter is the standard which regl-
ates not only the value Of paper, but it steadies
all kinds of values as well. By the price
of gold we measure the price of every
article in consumption: dry goods, grain, pro-
visions imported Injuries, every necessary of
the household which enters into the life of the
community. When gold is steady everything
will be steady. To regulate the value of gold,
then, and to prevent gamblers from running it
into ''corner" so as to initiate its price and
disorganize trade in all its channels, is clearly
the duty Of the Treasury Department of the
government Now who is responsible for the
panic Of Friday and the almost unparalleled
confusion in money affairs which continues to
the present hour? Who can doubt that the
responsibility rests with Mr.. Boutwell,? He
had the right by reason of his Office, and had