The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-09-28

~-t
and finally 40. Then dismay seized the mem
bers present, for the decline meant nothing
less than the ruin Of all concerned in the ring.
One of the brokers of the clique asked the
| broker who offered to sell "what he intended
| to do 2" His reply was. "You have been buy
| ing all the time and have got the price to q
| figure where propose to commence to sell. 1
1so.S Ta. SsA ''u ''' 'D-- N-N'- 'AA''
TEE DEATH STRUGGLE OF THE BULLS.
The bulls had gone into the fight fully pre-
pared to take from SIC, ,00O, 900 to $40 0OO OOo:
| So asserts one Of their clique. They had not
taken 81, 900 600 when they heard of Secretary
Boutweii's action. The rapdity Of the move
ments and the magnetic influence of the Gold
Room was too much for them. Their heads
became giddy, aud in twlnkling they lost
control Of the market. The $4,000 600 threat
OF Boutwell's was but fleabite. but they were
fearful that his movement was preconcerted
them, if necessary, to crush the market. 1t
was not until the rate grounded at 14o that
they rallied. 1t was nearly noon. Gold again
began to mount the stairs. It sprang from 140
to 160 at single jump. The bears acted as
if flash Of lightning had passed through the
room. Bedlam again broke loose. The room
was filed with shrieks and curses. In another
lump the metal struck 16O. At this point,
Duncan, Sherman & Co. let the bulls have
large amount, and they took it in seeming con-
| fdence.
THE WATERLOO.
Again came the Waship gton rumor. and this
time, it was said, direct from The Special Treas
ury agent in this city. 1t was asserted that
Grant had ordered Boutwell, to sell the gold.
and that he would order him to sell $50.OOO Oo0
lP necessary. Awav went the market IN another
grand crash, and never recovered until 1t
touched 1SS In the street it went lower. The
bulls were ruined. Men we're mAddened.
| Spevers grew crazy. His eyes seemed fixed IN
despair. He spoke to his friends in o husky
voice, and rushed about the little fountain as
il in terror. At length he raised his hand, aud
shouted boarsey to the heated, struggling
mass below him. This extraordinary apecta-
Gle nearly silenced the operators. In few
words Speyers accused some unknown person
of an attempt to assasslnate him. he ls
after me now with big knife" shrleked MIR.
Speyers. "Look. look " he continued, "dont
you see the knife?" A it was evident he was
crazed, be was placed IN carriage by hls
friends and sent home. Mr.. Speyers was not
the only one made momentarily crazy. One OF
l,the members OF tho board informed the
reporter that under the undue excitement he
felt his mind giving way, and took Madison
avenue stage up Broadway as far as Canal
street, 10 recover his balance.
THE NEWS on THE STREET.
AS the news spread that gold bad fallen to
130. there was rush or excited men throuen
Wall street beyond all precedent. Men were
fiying back and forth in all directions, some
for the Gold Room. others to the different Iii
oes. in o state Of excitement bordering upon
frepzy. IL this rush they would run against
each other, knock of each others bats. Jump
over carts, and did not appear to heed any
thing. 1t was a stampede which beat the Ia
nous Bull Run rout. Some were anxious to
ascertain whether the report was true or not;
others were rushing to carry the news TO their
firms. 1t would seem that all the bankers aud
brokers in Wall aud BROAD streets we're cnSag-
ed in foot race, and not particular which way
they ran, or who they knocked over IN their
fight. 1t was every man for bimself and the
devil for the hindmost. ANY number,of excl
ted individuals found themselves sprawlinR IN
the streets or on the sidewalks as the result
OF the collision. Business was virtually sus-
pended in the cotton, sugar and wool markets,
the merchants all gong down to New street 10
see the scenes.
THE BULLS ROUTED.
The cry went up: "Gold has fallen to 1870; the
bubble has burst!' Can 1t be true beard was
IN every direction. The moment tnat IL % was
ping OF hands and cheerful counlenanoee were
seen in every direction. The sympathy OF
nine.tenths OF those in the street was against
the gold CLIQUE, and the expression OF relief man.
Tested was universal. The bulls in gold, when
they saw that they were bea.en at their game,
beat hasty retreat, leaving the pears al u
themselves. They remained on the scene loEg
enough TO pick up what gold could be found at
the low prices to cover their shorts, and TO de-
mapd of the bull clique the price which they
had sold to the N at. But when they present
ed themselves at the places Of business OF the
bull clique, with gold IN hand Tor delivery,
then found the doors nearly all closed. Ihe
defeat OF the bulls has been worse than re-
- han q OH alTnOat
hilation. Numerous bulls are not only wound.
ed but laid up in the hospitals, where the most
skilful treatment will be required for their re-
lief. and it is more than probable that num-
ber will be permanently disabled.
TIE TELEGRAPH EXHAUSTED.
During the eliminating operations, thu gold
indicator was kept in SO rapid use to record the
Auctuati ,ns, as the price Of the precious metal
jumped from 13O to 160 and back again, that 1t
became heated and the wire commenced to
burn.
HOW SOME WERE DuPED.
The bulls refused at first to give up, but
some Of the managers were soon 80 badly dls-
abled that they lett the scene hmpipg; tholr
dupes renamed and continued to bid the price
up to 160. every time that it Was announced
below 14O, tor several minutes. 1t piled on
them so fast that they, seeing themselves de-
serted BY their leaders, vera compelled to
leave. but rot until they had ruined them-
selves bv being the dupes of the cliques. It
subsequently appeared that these dupes had
been bidding gold up to these high prices
and agreeing to take all that was offered. on
mere verbal orders from the managers vi the
clique, without having either margins or Inc
primo, pal putt to pay for the sane. The result
was, that the managers, when they tound that
they were beaten, repudlated the orders, ana
left their dupes to bear the load the best they
could. They have thus been compelled 10
shut ND shop, and in many instances WILL be
Obliged to 90 into financial quarantine. The
managers, Flsk, Gould L. Woodward, the men
who have been at the bottom Of this move
ment, have thus, in measure, escaped some
Of tho lJsses and part OF the disaster by re-
their dupes, in many instances, permanently
disabled. The havoc among the pulls has thus
Leep fearful, not 30 much in the nnmber as 1t
is the enormous character OF tho WOUNDS tnat
have been Inflicted.
EXPERIENCE OF FoRLoRN HOPE.
During the excitement, Mr.. Speyers anuounc.
ed that "he had received an anonymous note
containing threat to shoot HIM but he would
now uffer l6O tor one or five millions Of gold
let the man who wants to shoot como on II be
dares" Three minutes later he was retrcating
| from the room, completely annihilated, and re-
| turned to his Office, where he had to sh1t bis
doors and refuse to take the gold which he had
| bought. He subsequently made statement
| IN the board that his bid was mado on verbal
| orders Of James Fisk, Jr., and that those OF
the day previous we're made upon orders VI Alr.
Belden, and that his inability to mako his con-
| iracts roo1 aroae from The fact that ueitlPrOf