The Portland daily press., 1869-09-29
n INV S
BY TELEGRAPH TO THE
PORTLAND DAEEX PRESS.

NEW Y0RHk.
THE GOLD DIFFICULTIEs-A sCHEME rop
CLEARING THE WRECK.
New YORK, Sept 23-E e1ing.-Ihe excite.
ment in Wall street throus hout the dav has
been very great. 1t alternates between the
Stock Exchange, which has been very panick '
all day, and the Gold room, where the mnddls
caused by the events of the last week still CON
tnues. Inc Gold Exchange reassembcd at 2
0cioch III opedlence to special call from the
2 n6resiuenS, Inc Committee reported that the
f nank OF New York found that their clerical
!ofce was insufficient to clear Fridays contract
I'D the gold room without embarrassing the
regular operations of the bank In this en1ero.
ency Mr.. Il. l.. Edwards offered the followipn
resolutions: " +"
Resolved, That committee of twenty mem
% orrs OF TINS Exchange be appointed TO receive
al OF the clearing house sheets and exam ne
them carefully without receiving any money
or balances, and finding all correct, strife a
baiance sheet OF the whole and present that to
the Bank of New York. Ifaccepted then let
everybody owing balances on their sheet hand
such balance in first. Then there will be no
doubt but those having money coming to them
will get it.
The resolution was adopted after strong de-
bate, and the committee called for in the reso-
luton was appointed. This committee, it is
stated, Will work all night if necessary to
straighten out Fridays business in the gold
room. The Stock Exchange presented a
gloomy aspect towards the close of the day and
the panicky feeling was renewed The havoc
made in values to-day has wiped from exist
ence large number of small operators and
weakened many OF the larger firms. There
were many rumors Of failures but none have
yet been officially announced. Some of the
members OF the Claring House committee stat
ed this afternoon that the securities which the
Gold Exchange Bank held for its loans would
be ample to protect the bank from loss.
Tho National CtooI- !
to commence dealing in gold tomorrow morn
ing. ..-..
New YORK, Sept. 28-10: 80 P. M.-The COM
mittee appointed by the Gold Room to adjust
the accounts of Friday last have been busily
engaged all this evening at the banking house
of Jay Cooke & Co. The work cannot be COM
pieted tonight, as statements have been fur
nshed by only about 250 out of 800 members of
the Exchange The work of adjustment is
proceeding on basis of 135 for all contracts
made on Friday except those of Belden s. Co.,
whose account has beed thrown out and who
are generally spoken of by brokers as gone up
Very few persons outside the committee are
present and there is no excitement whatever
New York, Sept. 29-1:3O A. M-Before
the committee of the Gold Room tonight
majority OF the brokers adjusted their ac-
counts without asking any abatements. The
statement of Heath & Co. was received
Smith, Gould, Martin s. Co. called on the
Committee aud stated that their statement
would be sent Immediately. t
REPUBLICAN STATE CONVENTION.
Fl SYRACUSE, Sept. 28-The hotels are crowd
ed nearly to their capacity, and yet, large
portion of the members Of the Republican
state Convention are yet to arrive.
Hart and Hammond, the present Canal
Commissioners, and the State Pension In-
spector it is understood, decline renom-
ination. The Convention will meet at 10
O'Clock, and win probably complete its bust
ness tomorrow. The following ticket is
indicatedito night: Secretary of State, George
William Curtis; Comptroller, James o. Put
nam; Atty. General, Charles Andrews; Treas
urer, I. j. Sigel; State Engineer, Franz Il.
Hoyt; State Prison Inspector, John r.. Vance;
Justice OF Appeals, Woodruff L. Mason.