Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1869-10-07

was called out from the rostrum. being
those of members who had made default
il carrying out their contracts. Accord
ing to a rule of the organization the Presi-
dent publicly bought in the gold which
thev had failed to deliver, and for an hour
the sound of the hammer was heard as the
several lots were knocked down. The de-
faulting members are held liable, of course,
to make good the differences.
Many strange countenances, most OF
which were of very unPrepossessing ex-
preston, were seen in the crowd. They
were those of faro dealers, and men OF
other questionable professions drawn to
the scene by the strange excitement, and
watched their opportunities to profit by it.
Several pockets were picked. Of course,
and it Is said the blackleg fraternity were
acting upon the friendly suggestions of
Commodore Vanderbilt.
EFFECTS OF THE SMASH.
The most careful observers were de-
didedly Of opinion that this downfall of
gold Is only the precursor of "A similar
epoch in the Stock Exchange They say
that $50 Of the operators in the gold
room are members of the Stock Board
How the gold crisis has effected their credit
Is as Yet matter for conjecture. As soon
as the balances are struck many now
deemed solvent may prove far otherwise,
and their failure in gold, III conjunction
with the popular distrust which these ex-
traordinary events have engendered, affect
the whole range of securities.
Late last evening the impression was
that the end was not yet; that to-day the
panic would be more widespread than
ever. and that no man could tell who
would escape the impending disaster.
TIE GOVERNMENTS INFLUENCE.
There were many and various theories
as to the method which the Government
had chosen of cxertiug Its inevitable in
hucnce for the discontinue OF the uuholv
combination Of gold gamblers. Some par
ties usually accurately Informed were
positive that the Government had loaned
gold to the amount Of many millions to
Belmont and other leading bankers, tax
ing Its own bonds in sufficient amounts as
collateral. and that this was the source of
the iucXhau-tibIe supplies which fed the
appetite OF the y0TacioUs bulls until they
had no longer any stomach for the fight.
THE STOCK EXCHANGE
was deserted. All the stock men crushed
in the Gold Room, to witness the death
struggled Of the bulls
INCIDENTS.
During the thick of the morning, there
on the wooden pavement of
Broad street a carriage. which wedgcd its
way among the hacks, apple dealers, boot
blacks. and ash boxes of that seathin@
place. The windows and curtains Of the
vehicle were tightly closed not too tight.
however. to prevent Il curious broker from
discovering within Mis-, Pauline Markham.
Whether the lady had come to look after
her broker to protect her auriferous in
tora-s~ --- - e. Lnll - ~ rv.S seeking t..
=. cover her ~norts " as a '" bear" no one
was able to say. Perhaps she only came
from curiosity, and went away with the
of scene the Ike of
which no blonde ever saw before.
4, late as > in the afternoon. a gautle-
man to whom report recently ascuaea
millions Of property. and from whom the
disasters of the day had substractcd both
wealth and reason. was heard ychemeutly
bidding for one million dollars of gold at
100 premium. ~ fast as some accommo-
dating broker humorcd his fancy by sup
PLYING the lot wanted he would bid for
mother million. which was also supplied
his comedy being kept up until the poor