The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1869-12-25

SECRETARY boutwell, FouS AsoTHEE Con
CLQuE The NeN York Is',s Of SATURDAY. says
The metropolitan aaanc'a. osntEe vas silIi, 81.
cited yesterday Secretary Boutwsi having for
the seeoul tim, atef'ercd 10 fflsiEAie the De-
Signs Of certain aascfGpul0gs capitalists sho had
coubiGed 20 prcycni the sale 81 Government
gold hopiag tags 10 iaaggufate bull move.
msnt on which ihey could dispose " gold pre-
v.ogsly purchased al . handsome profit Nearly
tive weeks 40 Secretary BOgtweli, at one Of the
GoyeEamcg, geld aAlss refused 70 sell a. 10.
thau ! - The action vas totally unert<t ted
and 80 eoafieut verc some Of the bidders that
the gold would Be awarded 20 ihsm that thsy
sold it ia anticipation Of ~ delivery Materially
the decision ~ VI B1a'Nrii was not pleasin; TO
these gen'lsmen sho xeFe forced 10 bus q, q
higher rate 80 1fier 20 Oh thsif contracts The
moveueu, 20 preves' failure sales commenced
shortly after tins event Cerisin proainsut men
agreed that ih-y themselves and hos. whom
they could igtilfnce should not bid for gold a.
any rate Yesterday, according 20 the TfsAsury
programme 90 0oo gold Nas offered The
whole speculation u tie street hinged on the re-
suit Of this sale The premium vas lower than
the minimum previously established b. the
Secretary [ 22J aud q became = matter VI great
Importance 10 the operators 20 know what NJ
Boutwell, proposed 10 DO. Those in the "ellqls
expected that the bids would be trifng, and
knew that the rates would be either sib the
market. or little below q, Presuming iheu,
that Mr. Boutwell, would reject sli bids large OF
small these gen,lemen commenced, ., about the
hour u the sale 20 operate for a rise.
Al noon the rOiunii u the Sub. Treasury VAS
literally jsnmed with bankers and brokers, and
brokers clerks AMI boys. beside a sprinkliug 81
thosc easiaways Who hang around Wall.s,reei in
the vague hope Of something turning up. When
Mr. Folgsr had read OF al the bids, the stately
building was cleared as il by magic. Pushing
and CROW ding as though the fate Of nation De.
pended upon his speed, each individual Of the
mass made Tor the door, and in a moment the
steps ~ the stately ediics witnessed longer
strides. AMI more desperate haste than ever thsy
saw before Ia from, Of the Sub-Tressury some
persons Who had been unusually preeipitaie
eollided Nth m omnibus standing In the street
DO, despite their bruises and the mud with which
they were hesprnkled, e1niinnei their nad
career to The Gold Room, where they added their
quota 10 the Babel Of sounds already commenced
BY their more fortunate competitors In the race.
The rates bid for TIE gold were considerably
below ih0se current In the market, and their ag-
grcgaie amount was only ss32. 900, whereas The
Government had advertised 10 ell 81, 600, 900.
Al the Gold Room the scene wss almost .
repetition AS FAR a. noise and confusion were
concerned -of those witnessed on the memorable
Friday IN September. and the desire 10 sell on
the part Of the majority Of the dealers caused q
decline which was, 10 an alarming degree,
disastrous TO the anti. Treasury combination. As
one Of she brokers remarked, the clique had en-
dsavored 20 'euchfe theSecretary Of the Treasury,
but he had made a march on them" Prom noon
until r. N. the premium fell from 1911 20 I7i
al l:05 =. N. II touched 1901, aud at 4:3s p. n.
fell OF 10 i20l. the loves, point reached siacs
September 90, 1862.