The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-10-04
LITTER THE STORM,
The M"ddie I'm Wall Street = Heavy
fai.ures-stocls Higher Scenes at
tho Gold Misunderstanding against
Ffsk-Injunctions-s the, Bal
anccs,

The New York papers are beginning to print
something besides accounts Of the panic, al
though all continue to dwell fondly upon It.
The Gold Exchange Bank Ia lashed by the
Times for want of capacity, and threats Of the
United States Bankrupt Court are freely ut
tered. Fisk, Gould and Be.den are made the
scapegoats Of all sorts Of financial mIsdoinp.
and in one case Flsk is called On areb-teviI
Tic Sun asks the Dlstrict-Attorney 10 prosc-
cnte the Ring for ''injuring the public health. /"
The Herald says 'what VIC want Is an able
man-a statesman-for Secretary Of thn H---
sliry, VINO can ennH,i.v.> canGress on what Is
needed for the country and can prepare the
way for the necessary Legislation. Evidently,
Mr.. Boutwell, is not the man."
New York letter of Wednesday says:
SEVERAL HEAVY FAILURES
Are announced this morning. Among these
are Lockwood & Co., c. A. Melgs & Son, Julian
& Co., Fuller, Treat & Co. Besides these there
| are numerous others whose names are rumor-
cd In connection with to-tny's failures, but no
reliable Information can be gathered In regard
to the same There appeared TO be a some
what better feeling ont.the Stock Exchange
this morning, when business commenced, as
1t was noticed that outside capitalists were
| coming In and buying stocks at low prices; but
market broke, md down went New York Cen
tral from l63 to lat, where, at this writing, It
is trying very hard to come up again.
or course the other stocks followed in sym
pathy with New York Central, and the
market and the street generally once more
wore most gloomy aspect.
THE GOLD BROKERS -
| In the meantime, were making siiUsrhuman
efforts to straighten out their accounts of Fri.
day and Thursday last. Yesterday stated
Gold Exchange Bank, they had transferre6
their clearings to the Bank Of New York, Bui
ris institution having looked at the enormity
tne transactons they would have to settle
committee Of twenty, therefore, took the
matter In their own hands, and they have
been at their work all night and all day, ,withi
iair prospect OF having everything In fcadi
THE NODE OF. PROCEDURE
In arranging tho balances is very simple. Eacl
broker who soils gold makes an. order on tn,
clearing house, printed in black letters, direct
ing the. delivery Of the amount sold at the pric
Sp 1S faS s osSker gSlS s yss R5s5sses ss
sSsa 8 Ia!sa In red Diet. letters, a
n The Shsfs ss5n
panied bg the A..tlcscts,n ,nas tkese sprinted OF
ders are termed, fer each purchase. and sale
the committee compare the statements and Il,
tickets, and strlkcHthe balaEce OF Gold dltf
which, as agreed upon by the operators, is sci
tied for on the basis oftBe premium of i35.
| IMMENSE TRANSACTIONS.
Out Of the statements before the commlste
OF twenty, it appeared this morning, that;til
urday Last amounted to ever the enorno on
sum OF "a Thousand millions gold bought an
sold. On those two days. Can any one 1yantlf
That IL ts difficult to strnighten ont all 4 hel
trnnsactiOnsP
AsPECTteF TlIINos,oN THURSDAY.
A New Yorktdispat0h OF Thursday says:
On lookinget the surface of things te do,
everything hos the aspect of calmness+ con
There are, however, mary who do not beIiey
that the storm Is over, nlld who fear that m
present calm is only theprelude to still fierce
thunder then we have been listening to eve
since Er1day last. Thereais believed to be som,
thing yerY.rotten at tho bottom OF our. ilnaI
cial affairs, which only needs another ahakin
like that OF Friday last to envelope eperpthin
around In u1itn and disaster.
FIsK.4 CO.. !, sf
The Indignation against James Fisk. Jr. ,whr
1t now appears, has been the prime muper /
all OF these hefarioas transactions ia terrific
it is said that orders:of arrest are out agains
him, but pRGtected ns:he ls in his TwentsSthir
street office eby q body guard and four alto
neys IN his employ, it.b next to Impossible I
reach him fhreatsae Of murder have bee
made against him, bn6he takes good. caxe ne
20 snow ms lace IN HaYl street. He and h
the town With -
which have been served all around, enieinin
all members nithe goldiroom from selling hiI
out under the,rules, ep!olning banks and col
4 pa.t po.au8ns wae Ioid ;.his stocks as collaters
everybody from doing sanything that lafsy az
fsor tend to the -advantaae, of James Pisk Jr
aSsnd his satellites.