The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-10-01
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MS aHecuon3. AH a gem GSDE, ~ r
ingly puffs good Havana. al, sE5a5J feet !
curling motions in the air, is a. SsSS 2 g gers :
Smith smoked yesterday and smi--o % = -lt ~
said he, when questioned as TO the eyi q
1--WE enjoned our brokers because -
were enjoined. We are liquidating a. =
goes smoothly
EVERY MAN TO HIS TRADE. -
"Nipred, sir ~ asked friend. The ia, - :
pleasantly into the calm, sallow, sanro & :
well dressed man who lounged near the S = 8
yesterday lie did not answer for NONE = e
having politely yawned looked carelessly- -
and down the street. and said, indnerentlyT5
son, no; slightly pinched, that's all.n fhe ques /
tioner was piously inclined and persuasvelY begged
his gambling friend to desist from his evil ways
"sooner or later you come to your RUM 'Ah
ruin be ID I've been ruined hundred times.
Look ye here, I'm used TO this sort or thing; Pm
Spectator, | live by tiff make a haul well ana
good; II don't no matter. But what do object to
Is the interference oil government officials They've
right under heaven to come into Wall street and
dabble In the affair They are elected TO attend to
the peoples business, each having a salary that
ought to satisfy him; but. not content they come
and interfere In matters that don't them.n
..Ah, my friend, You are prejudiced and are unable
to discriminate between the wise dspensaton
OF Providence and the selhshness OF men. You
must plainly see, at least 1t appears so TO me,
that had 1t not been for the timely rescue OF the
government Wall street would have been converted
into perfect pandemonium, commerce would have
been destroyed-in fact the results are TOO terrible
to contemplated "The crash would have come
anyhow. II, as you think, the government did
everything Tor the BEST what caused the delay-why
did not the olicas come in time TO the rescuef But
there is no use In talking; the deed has been done,
and mighty responsibility rests somewhere. Time
tells all" and with this philosophical remark the
SPECTATOR turned on his heel and went his way.
RELIGIOUS CONSOLATION
II il be for camel to go through the eye Of
needle than for a rich man to enter the Kingdom OF
heaven then the chances OF score OF brokers is
not SO bad many being reported as poor as Lazarus
Among other incidents yesterday there was not
wanting one which created a diversity OF feeling
During the day thin gentleman in black apparel,
which, by the wav must have been waXed and ven
tllated by use, whose head large and nat exces
sivey small, and whose tapering proboscs had not
whstood the effects OF it's frequent proximity to the
social glass, walked down Broad street. The fact in
itself would not be of much importance were 1t not
that the quaint youth OF five and forty was bent
upon charitable mission. Under his arm he car
RED huge roll OF tracts, which he gracefully dis
trbuted to the passers by; but seeing them con-
temptuously cast away, he, half in soliloquy and
partly addressing a crowd OF well dressed loungers
asked, ais IL right to be Z" The query was
ceived with divers responses, The majority OF which
were not OF complimentary character Dsheart-
ened, the preacher then went of TO spread the
truths elsewhere.
AMONG THE OLD BANKERS
There was no indication yesterday In the office OF
the old firm OF william J. 0'Bren, bankers, Wall
street, OF the late terrific storm that swept over
stoos and money markes alike. An increase OF
M.
business was Visnie, set ihrSlt me reverse OF
the symptoms exhibited lr.-Scne panic OF 1857.
reporter OF the HERALD had q short
talk with the senior partner OF the concern,
whose sanguine views OF affairs cheerful
by comparison with those Of very many Others.
REPoRTER-Weil, Mr.. O'Brien, how are things this
| mornng9
| Mr. O'BRIEN-Much easier and tending FAST !
| should say, to their normal condition.
REPoRTER-YoI do not seem TO be much disturbed
| by the Storm
Mr. OBRIEN--Not the least. Our business Is prin-
cipay in stocks, and both yesterday and to-day we
| have had more orders from the old class OF con-
servative, steady comfortable merchants and others
than we have had for q long period in so brief
time. This present eXciteme will last but very
short time, for 1t has nothing to iced on. There is
plenty Of money to be had, and among the old
houses there is just much confluence as ever
there was. The few who have gone under were
not so much the victims OF their own
unwlse speculation as OF that OF other men whom
they permitted TO retain credit out OF all proper.
ton to the means at their command On the whole
should say that this panic, as IL is caeu, Will have
q wholesome, purifying effect upon wall street. 1t
has helped to expose loose and exceedingly
demoralizng system OF carrying on business In the
Market and it is pouno to bring its corrective. 1t
has also cleared out good many small operatives
III W n n n urt
business on the street since the war.
REPoRTER-Do you anticipate any more faiiuress
Mr.. o'BRIEN-No. The storm has spent It's force.
The real business men knew from the beginning that
II was but temporary disturbance, for there Is
really nothing TO warrant the idea OF panic capa-
bic OF creating general embarrassment. The burden
and the loss fall upon those who for the most part
stood In precarous condition which any unlucky
venture might precipitate into ruin.
REPoRrBR-How long are you establlshed2
Mr.. o'BRIEN-Twenty-s years. Our house
might be called an old one now. Judging from our
standpoint there is no need for alarm In the public
mind The evidence is here IN the pressure of busi
ness now upon us to purchase stocks OF all kinds
for quiet conservative people, anxious to invest
spare capital.
REPoRTER-Well, then, you have no apprehensions
OF any disastrous results other than what has
already taken place from this enforced panic2
Mr. oBRlBN-None whatever in week at latest
the market viii be safe and buoyant as ever.
Where IN the Remcdys
BosToN, Sept. g, 1869.
To THE EDITOR OF THE HERALD:--
II is impossible to deny the force OF your sugges-
ton that unless recurrence Of the scenes of last
week is prevented our financial ruin IS assured; |
and indeed, II is only in this aspect think that the
operations Of the Gold Room deserving OF public |
attention. Left to themselves, the people might well
regard the contest between the Guelphs and Ghibe.
lines OF the Gold Exchange with cool indifference;
IN tha