, 1869-09-29
new YORK.:
The Wall Street Middle.
FrfdaJ's Settlements Made. up BY 4
: Committee from the
-.: Gold Room.
Early Suspension Of the Gold En-
change Bank Predicted
Another Euntc at the Stock Ex.
change.
Many Small Operators Wiped Ont,
and Larger Firms Weakened

Many Small Operators Wiped Ont,
and Larger Firms Weakened
Special Despatch 10 The Chicago Tribune.
MN Toax, Sept. Is
zH1 xA1L ey1xxr nupptx.
Affair." On WAA s1roe4 bare been very excited
o-asJ. ana quite ~ gloomy - It any Tins nnoe
ast Wednesday. The Gold Board net In the
Fard clearing up o the Adatta
II tho Gold EzcaapRu Bank. A committee
Fha appointed 10 eonftr win ihA Bank OF Now l
FORK, and AK II to Aot ~ temporary clearing
aoufo for Fftday b buatnes1. which The Gdld En-
:hAnge Danf could not AdluAt The committee
'ourd the Rank Of New ToTk willing To attempt 10
lear goid 1t In, undAr cArtatn rea tzicttons tho
principal Of which weEp that DO accounts not equa1
md even would be accepted hf tho bank, AID
.he differences nr1t be hettleh bJ tho broter1
themselves 4 proposition raa mAde 10 rcsame
business In lbe Gpld.roon, but y WIS opposed |
md, after fen retnArka from conservative brok.
css, It wa4 voted doND. After O'Clock It waa |
found thas tho lank Of New York conld not make
the proposed clear1nccs and The plan tell through
Tho Cold ExchauRr Bank settled itB debtor hal-
ance Of tat4.aoo It the Clearing Hoase, by co!st-
b!lk receivable, which are regarded ~ amply /
covering III liabilities 10 bAnk1. This corefa |
tte Indebtedness OF the Gold Exchange Dank 10 |
other hsnks, but II It stiii hAA 1asge amounz be-
longing 10 brokers anu tmnkcFR locked up the SET
ttcmcDt at TIC Clearing Housc doea not prove it,
a. soon - II was known that tho 1sank |
OF New rorx could not make cleasunces, The ex.
cttetncnt A1Dong ttokers and operators wu4 re-
ncwed, and = psa!ckY feeling net IN. report
that the Gold Exchange Dank had failed waa cir
cu,ztcd md generally bel!eyed, and appearances
Indicate that 1t III 80 down to.moryow, or before
the end Of the week At the 1axthcat
sTUcKs.
The panic extended 10 tho Stock Hoard, and
there waa EshIA tumble, New York Central tax.
y ali other stocks followed suit and rates a. high
~ ~ per ccut were paid tor carrying untlt To-
mnErpw. Tho Stock Exchange p1aAen1ed ! Aeeua
sinar to that ut The Gold Room last FrtdaJ.
Stock fell 4 or 4 per cent ii a TEN minutes, aud
calls were uade with great rap,tity. The room
WAS crowded and everybody greatly e1clted. and
there VIE large asstmblage In tho street IN
front OF lhe long room. Reports Of failure both
among gold and stock operators were pao1erous,
but none vera officially announced.
MONEY.
Money Increased IN atr1ngcney, md everybody
who had call loans out took them In. The Aale Of
gold hy tho governments added 10 The a11ngency,
as payments were 10 be made In lcgai-tenders.
More failures we're talked OF IN ssocks than In
SoA. mot o! them hc!ag small nErus- Nothing Is
positively known yct about the Standing Of Beldeu
d to. Hath / Co. and Smith. Gould Aartta.
on whom nauE OF the smaller houses depend. but
statement Of their at1alrs Is promised by TO-
norTow.
AN CSrRoMts1Sa LOOK.
All tb!nga considered, to day "a financially very
dark. and many leading unAncier4 believe that the
bottom is dropped cut from both gold and stocks
Several bankers think the Gold Exchange Bank
mlll break, the Cold ROOM Will smash and be
closed, and that most OF The gold speeuatoEs and
stock operators will he 1orced into suspen8iou 4
strupg force Of police waA on duty to-day at the
scete OF tic excitement, aud most Of the banking
hauseA had private policemen to watch their
doors.
FEE AND 0op1p
were at the EHe Railroad ONCE today, and FIX
ylAtted Wall street short tine, but "ouaa not sec
anybody on bustneas, and WAS neither arrested nor
shot, n has bten threatened.
FoKEl1F EXCHANGE
Is unsettled br tho suoueJ atr1ugeucy and closing
Of the Gold Room. Quotations aze eatlrely nom-
ip4l.
aoyKRNAkkTs
zre very henry, OWING to the money fuiugency.
GOLD DEA1lkGs-
The National Stock Exchange decided thia
afternoon to put gold On their ca1lA DeAlng1 In
gold viii beg1n tolnoTzuw There Ii plenty Of gold
Tor tho legitimate wants OF merchants, from Isl
| % les.
TIE --LATEST aI1CAT1oN.
| N1w Tour, Sept 9s-MldnlKht,
| There WIS 4 larSc crowd 1t the Firth Avenue
Hotel tonight, among them Daniel Drew and
other railway operators, and there was mnca talk
about the situation. The indignation increases
sgalnat E1sk, and Is beginning to develop against
/ -h Ia oF hn- -
largely In Tho recerE fall ID Central It "a positive
u asserted that he has beeu sel1ng short on Lake
Ehorc and New York Central Some Of his friends
have lost heavily &nd gloomy over tho result,
| Reports Of failures among stock operators were
numerous, but nothing Il positively knoxu.
Tnt majority of the brokers adjusted their
i accounts before the committee Of tho Gold Room
tonight without asking any Abatement Tbs
statemtut Of Heath L CO. MAS received Smith.
| Gould, Martin Co. called on the committee and
atnted that thclr account would be sent In 1ume-
dlasely. The committee Was sttll engaged nj
O'Clock
THx rR1vATHEH HORNET.
1th positively announced by the Cuban Junts,
that the p!1rA1eer Hornet nas,fecelsed her nsma-
men, and stores and Is OF her Crit cruise. She
HR1 originally cleared from Phuadelpha, for Ha-
vap3 and Liverpool, but aflc1 her seizure and It
lease she went to Halifax, and thence 10 = point
On the Massachusetts coast, xhere took guns,
supplies and crew. she IS Clyde buae, aud eau,
under heavy prcs.use. mike fifteen knota NJ htu1,
She has scven guns-;hree on each side, and
pisot bow.gun, 1copoundef Parrot, O.
long range. The side guns arc tTe
sa.pounders, two Gs-poonders, And two grape and
canister pieces, Also 6s-pounderA Her crew nun
bera 1a3 mtu, SIXTY OF whom ara Americans, wnt
saw service during our VIII. She sxtJ-twu e1pe
rtenced gunners, and al1 the uainuti1, boaztins
hooks+ and complete pAsapoeraalia. She Is l
| regularly commissioned u10-of-EAr, comW4udct
] By cubank Her m!sson is to capture spanist
| tnerchantmen aud to take them INTO Mex1cAl
postA She IS A1Bo to capture and destroy Span1al
t1anspossA Ant Ill passenger steamers engages
| on the Cuban coAat-
| 1R1 DRY GOODS xAREEr
has been uEfAvoranly Affected By monetary a1alrs
and there has been = decline Ii InArJ Lines o
| goods Merchants frum the South ara pQJtnl
| quite freely, bot FaAny Of then Ind = d!mculs5
getting money for their drafts, aud cousequeu.l
NE nos paying promptly
THx cUSAK QUESTION.
The Sxa haA . loading editorial sayinF that Ate
the fettct1on Of the propoaltfon made hJ Spain
about September Is. concerning the Cuban quea
lion, General set1es wa directed TO inform III
Spanish Government that thn United States xer
not anxious to mediate between the parties, III
thai, - Spain seemed unwilling to consider a
practicable sestus the attenpt to mediate Nigh
: be regarded Is abandoned This leayes no neg
ftatsora On foot, bat It does not Withdraw the NJ
: | tee that, on or about the 1st Of October, II
! | Cniscd statea Government would be compelles
By the state Of public opinion IN tn
+ country 70 secosusze the tndependenc
= ot Cubs. The probabilities II
: that the sale Of Cuba to the U14.sa Ssates VIII
the next pspposM Of Prtm and serrAuo, whIc
will NOT hs l,abae to the objections which have =
tached to the projects already suonisssd no