The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-09-26
The Scene Of Fridays Great Financial
Contest and Stampede.
Condition of the Banks, Banking
Houses and Brokers' Offices.
The Government Sale of Gold
Yesterday.
The Excitement Abating, and the "Bulls'
and "Bears' Estimating Their
Gains and Losses.

UulliS ulN bONStS
PeAessni solitude IN Wall street yesterday reigned
supreme. The free atmosphere OF relief, the con-
seriousness OF security, the hope OF advancement IN
mercantile pursuits, the sterling encouragement
shown by the administration 10 our princely mer-
chants, the climax Of vile conspiracy Abe terrible
results Of an ingenious clique combination, It's
dire effects, confusion and consternation-a all
tend. to the phianthropic expectation that
she great swindle may never be repeated. That tho
fraud was mexcusabie, ably plotted and most
aArOitly arranged is now beyond comment. The
result, while Il has caused unutterabie VICE. has,
nevertheless, been somewhat advantageous since
. dangerous epidemic, gradually progressing under
the most skifu financial doctors, has been timely
npped IN the bud. Lake to the ripening Of disease
the elimination OF the worst stage was by
many not unexpected Never was e0nsump-
sive patent-a tender youth Of two and
twenty-more lovingly landed by admiring
friends The effort was for the time successful, but
then came the terrific crash, and all ct once were
10rg0tten-hOpes, tears. love, home and affection.
Despair stood rampant while the club-booted genius
smiled with delight. Wall street was seized with
paralysis for which, however as last remedy, the
skful application Of the Treasury chief proved eec
esVos CACAsoiuCub 10 uoW ~ al cuu, Oiiu Ii 10
hoped that 1t VIII be long such terrible scenes
nhail be re-enacted.
THE GOLD ROOM.
But yesterday the gold room might have stood
against the world Connagration in Its widest fury
never made more terrific wreck. 1t was a scene to
b witnessed with sympathetic feelings for, setting
aside the utter recklessness OF the worthless CON-
pOnent parts OF the name the transaction was
disastrous and furnishes subject for regret,
although In the main the result must be
hailed with qualification. Disconsolate tie none
cary animals prOwled around the arena where the
mighty struggle was attempted. Neither "bears''
nor "Dulls' assumed the offensive yesterday. Re-
mctantly whipped into obedience--fOrced into
decency by complete acknowledgements to
Sorego the greedy appetite for gain by popular
ndignatlon-temporaily thrust aside as crawling
reptiles that had guted themselves with their prey
mortified at the result Of the feast (some Of the
guests ct the board having been poorly served and
generally dissatisfied the majority OF the gamblers
were non est yesterday. Although the streets were
crowded. but little business was transacted. A pail
hung over the assemblage. At noon 1t was like
awake" the crowd OF sympathizers waiting to
convey their murdered friend speculation" to his
lasting place. But the Gold Room was picture IN
itself. Not many hours before 1t resOunded with
eager shouts and vocIferations-the hoarse cries OF
Infatuated demonstrators thirst for gold was
stronger than their voices. Indeed they strained
themselves that they cackled and finally broke
Gown. The ruins Of POmpeii are grand to cOntem.
Plate; the blight on the Gold Room leaves a aad and
miserable spectacle to behold. On Friday last the
Furies were exercised, GorGOns grnned and narpies
Fcvelled In delight.
To any young man or q contemplative mind whose
reflections directed TO thoughts either above or
ha in rafor m tha laxua min
only family conveys any idea Of the New York
Gold Room on tn day referred to. Human reptiles
crawled about in all directions; there was gnashing
Of teeth and nendish Joy. Mems minds were gone
astray and Lucifer, with an ingot IN his hand,
showed himself to the idiots and they shrieked with
10y. What change did yesterday present. The
supnur0us smell OF the room had partly gone; but
the Od0r OF churchyard still remained. The Gold
Room was not as bright as usual. There was no
rubbing Of hands OF fat and princely merchants
no dashing gait OF well shaved know.
ing gamblers-nO eager smile OF innocent
suiYoOns mature for r0bbing. Ii was sandy
0esert-a tomb, vault, cave, sepulchre-
replete with stories. 1t was pregnant with
grand financial history How bright
ghosts, srrayed IN gold, strutted around
the circle cOquetting In curling whiskers
and wnh tongue most oily. All was dumb The
threes, but In tens twenties and hundreds, human
beings had struggled for existence-not manfully.
perhaps not honestly-but surely, in the hope
Of gam. It was deserted now. The pit
was like black hole. No longer the
earnest looks arrest attention. The place was
dull, cold and frozen. Memoranda--what glowing
stories could they not have tOd-were strewn about
the floor. The galleries looked BARE and the mighty
PIT, IN which the throng was most excessive, was
completely empty. In fine, greater contrast could
not be presented than the appearance OF the Gold
ROOmon yesterday and the day preceding.
THE FEELING IN THE CITY.
The shock was terrific indeed. 1t Is generally ad-
mitted that similar affair since the war has
caused such utter CONSERVATION. The feeling yes
terday In Wall street and vicinity was unquestiona-
bly, one OF unqualified satisfaction An immense
weight seemed to have been lifted from Off
the commercial chest, and merchants breathed
more freely The whole affair was thoroughly
discussed, the causes Of the gold fracas,
the probabilities Of the issues and the general effect
Aha, might be produced. Beyond question gloom
prevailed There was no liveliness. The accus-
toned sprightness Of India rubber Wall street men
seemed TO have completely disappeared. Every
thing was quiet as II Wall street was q churchyard
tne Geld Room grave and the spectators snpersti-
tloue. Crowds gathered near II and gazed on with
curious speculation. wondering how many fortunes
had therein been lost and won.
In Broad street there were other crowds. Indeed,
there were crowds everywhere, eagerly debating
the great issues Of the day. The event OF the pre-.
ceding daylhad completely parsiyzed the market,
ana yesterday was regarded as a holiday.
THE SUPPOSED SUSPENSIONS.
In consequence OF the extreme pressure In the
Clearing House and the utter physical inability of
the clerks to attend to the impatient demands OF
eager inquirers people gave credence to the most
injurious rumors. Among those said to have
been temporarily embarrassed by the occa-
sion and partly obliged for the time TO
succumb to the pressure OF the day were the fol-
lowing sufferers, who, though slightly wounded
WAL doubtless recover the danger Of stray and ig
norans sbot:-Albert speyers, William Beiden, Drexel,