The New York herald., 1869-09-30


spoke scarcely word. but nodded and winked
very eloquentIy. Ask for Jim Fisk, Jr.. and they
winked, which meant q good deal; ask TO get In, ana
both heads shook in unison from side to side; ask
II Smith, Gould Martin were good for ten cents.
and they nodded straight at you In the anirmar
tive; but ask II they were "bursted," and .
scowl that Cerberus might nave envied issued
simultaneously from both pairs OF eyes. However,
these guards at the portals were very useful. TIC
Interior OF the concern was never made TO ACCOM-
m0date clamorous crowd. The space IN Mont OF
the Office Is very contracted. fhe ONCE
itself Is shut out from the vulgar gaze BY wire
nettings, hung inside with green biinds,
as though some magician were carrying ON the pro-
found mysteries OF his art behind them. Jay Gould
was away. Nobody Of any consequence was In. ana
though there every disposition 10 give all pos
sibe lnlormaon, each one, to be sure. was SO busy
that II seemed ont Of the question to accost MIN.
At the rear, where a silent department., hung with
heavy orpamentation and noored with three-ply
Brussels velvet accommodates the quiet loving fancy
OF Jay Goulu a few favored ones found their way
and gained admission ia the afternoon. The wires
connecting FisSs Office at the Grand Opera House
in Twenty-ih;rd street with this concern In Broad
street, were Kept busy through the day. The des-
patches that passed back and forth would make an
interesting chapter IA the history OF speculation.
RUSH AT TREVOR ooLGATA's.
At the Office OF Trevor < Colgate the excitenens
was unanated. The counter vas lined two deep for
hours by applicants for gold. No set OF CLERKS were
ever Kept SO busy rushing to and fro, counting,
writing calculating and answering questions. "tiow
long can stand this, Colgate?" asked Jolly.
heavy old gentleman as he witnessed the commo-
ton at the counter. Tr we stand IT so long we
can stand 1t to the end OF the chapter,' answered
the sanguine and smiling Colgate.
PHILOSOPHER ON THE SIDEWALK.
Brushing through the extended wings OF
crowd that occupied half the street pavement
OF Broad street the reporter OF the HERALD
saw acontcmpiative financial philosopher balancing
himself on the curDstone, from whom judging py MS
years ana appearance he expected to receive much
enlightenment on monetary matters, and therefore
inquired
"pray sir. where 90 you expect this excitement
Will lead us?'
"To the devil srn was his emphatic and start.
ling response, but 1t evidently only his peculiar
way OF giving sudden vent to his feelings. "Waifs
sir,n he continued, 'tlll this excitement is few
| days older; wait till The deposit0rs IN the small
banks OF the city, in savings banks and other con-
Germs, hear and understand fully the rascality and
rottenness among what called our best houses,
ana snch rush will be made that the panic OF '05
will be only mosquito bite to what's coming. This
thing, sir is like regular old epidemic or heavy
Gt OF drinking; somebody has got to cave in. You
can count the caves on your fingers now; alter
a while you can't shake stick at them. l
was down here the day the exci;ement began,
and / have heard men by the dozen who
| always before, and who do now when the
opportunity is past cry virtue and honesty juse
only wish they were inside that ring OF gold gam
bers to run gold up TO 200 in place OF 165. Tney are
oil alike. Don'6 tell me that Wall street condemns
| any rascaty by which 1t can make money, though
| 1t be made by the blood OF every widow and orphan
| in the land. No, sir. Wall street s the same now
| as 1t was during the war-and win ever be so."
! SAYING which the old gentleman sailed away down
street With firm grip on his heavy hickory walking
| stick.
There was one pace, at least, thas stood the rush
| and stood The terrific drain with both ease and
| profit Denonico's was thronged, and whiskey
! straight delu1ed the bar from end to end.
Men never drank fast Or so steep. Much Of 1t was
| done mechanically, more Of 1t was done to supply
the exhaustive waste Of vital force. while con.
siderable share Of the indulgence took the shape OF
| festive celebration TO mark recent financial sue
| MoRRIssEY CALM AND COLLECTsD.
| John Morrtssey was feature Of Broad street vcaf
terday. IL was generally rumored that he wfr
| heavy loser, but losses or cGpe-- 'oeHza to
bears hiuseil with such caiM imper,nrbabift, ss9
was difficult to tell whether he was 1.-THE top or bot
tom Of the wheel OF fortune IL Is said he threatens
| vengeance by the weight Of his right arm on some
man. Nothing bellgerent was noticeable In his
| demeanor, plt II John be wiltully Ill treated it 10
| hard to say what humor he may take on
| DIAGNOSIS OF THE CASE
| one of our reporters conversed yesterday with
| some OF the leading financial men in Wall street
{ touching the present deranaed and excited cond-
| lion OF the money and stock markets. Their views
| OF the matter, as uniolded below, repre-
| sent the diagnosis Of the case as very
| simple the causes OF the exciting panic as
suscep'ble of very easy explanation aud the proper
| remedies TO be applied as likewise simple and easy
| of application.
| "rhe present disturbed condition or shc money
| and stock markets." SAID one Of i.lcmembers OF the
firm OF Jay Cooke & Co., aad who was very free and
cordial In giving his viegs upaa the matter, lis all
| owing 10 an atterrT=pJ certain Clique 10 corner
| god.n
| "who comprise this clique ~ asked the reporter.
| "smth, Gould & Martin, Belaep i Co., VIM.
1 Heath & Co., Marvin Brothers and james Fisk, jr.,
| and their brokers were the head ones," he an
| swcred, though lately Beden Co. have not been
| identified in thcir operations
| GLOW did they become invested yi,h the mower
to bring about the present slate OF anNsw Y
'Through loose system OF manasqNent maiE'
| at the COD Exchange BANK Ihere nasA been lac
| OF system at the bank. Things have been managet
In such way that men with small capital nave been
able 10 do business representing millions OF honey"
| .'Do you impute criminaiity to the banR man
| agersf'
''it Is diiicut 10 tell. They may be biameirss and
they may be guilty. One thing at least is appar,nt
and that Is Tie lack OF udieious controlling heAd.
They afforded too great facilities TO small broken
| and gave 100 great Margins"
| "But how did this bring about the panicq,
"Unfortunaiely the God Exchange SANK found out
| on Thursday last that they had given out
| a great deal of currency on the suppositon
thai all the statements OF brokers transac,ing
business with them would be promptly rendered.
Paying out much currency to brokers and failing
In making up the settlements In gold, they found