The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-10-01
TIE TROUBLE IN WALL STREET
A Heavy Crash Impending.

Fhe financial squall that swept New York at
the close of last week is TO be followed by
specie coming to this country from the banks
of France and England, as we'll as from private
treasures. The dispatches specify large sums
without furnishing an aggregate. The early
termination of the furry shows that no per-
manent injury is inflicted by the concerted
operations of many great brokers con-
trolling large amounts OF specie and
foreign exchange. This in itself is calcu-
lated to prevent any repetition ofthe conspiracy
for some time. The supply of money for
moving the Western crops will be freer, as now
unlocked by the fall Of the gold combination.
An unusually heavy drain to the South Is not
anticipated, as the credits already extended
thither will meet portion OF the current ship
ments. The Treasury Department has given
notice that it will not hoard currency, and will
keep down the currency balance to the lowest
noint. Foreign exchange invites the importa-
ton of gold, and two months hence the Treas.
ury bas to pay the interest upon registered
bonds and coupons not paid before maturity.
Cotton is coming in rapidly, and breadstuffs
shipments promise to be la-ge. The conspira-
cy that threatened every one has left the ZEN
gineers hoist with their own petard," and with
out other consequences that can injure. The
New York sun Of Tuesday, has the following:
Wall street remains 10 state of virtual sus-
pension. The hopes that had been generally
entertained by the public and encouraged By
the officers of the Gold Board and the mana
gers of the Gold Exchange Bank, that yesterday
would witness the termination OF the dleas-
trous deadlock in financial affairs, and the re.
sumption OF business by all really solvent
touses, were blasted, and at the present VIII
ting. despite the renewed assurances given us
of a settlement of the difficulty to-day, we have
really no more reason to anticipate 80 desra-
bile a result than on Saturday last. Indeed,
the unpleasant and really alarming rumors
that we're in circulation up town last night
give ground for the anticipation that more
serinus trouble awaits us than has yet been ex'
perienced.
THE GRAND CRASH TO COME.
The nine firms reported by the Gold Ex.
change Bank yesterday morning as hsving
failed to meet the requirements OF the bank
will carry with them large number OF smaller
houses. A prominent broker, who carefully
watched the dealings Of Thursday and Friday,
informed US that at least ninety firms would be
compelled to succumb, unless the houses yes
terday thrown out of the Gold Exchange Bank
should resume and meet their obligations.
THE LEADING SPIRITS.
Jay Gould, and James Fisk, Jr., the two lead
ers OF the great bull factions, we're non sunt
Yesterday. They could not be got at for love
or money, and it is said that large sums OF
money were offered by various brokers to know
where Mr.. Fisk was. 1n Smith, Gould, and
Martins Office, Mr.. Gould's whereabouts could
not be ascertained. Sir. Martin, the junior
partner of the firm, blandly protested he knew
nothing OF the matter, and the knights-errant
who sought the "Great / Am F" left Tor fresh
fields and pastures new.
THE BROKEN BROKERS.
The brokers who have been smashed IN the
fray are frantic with excitement. The larger
firms can creep up the ladder again. but the
majority of the unfortunate street specula.ors
are ruined for life. The greater part OF them
put every cent into this second South Sea
bubble, and are swept away IN the gene
raj wreck. They meet each other by
instinct and shake hards consolingly; but
that is all. There are no invitations to
taste a bottle Of Veuve Cliquot now; oh,
dear. no, they have lost all the gaiety oil Don
riuants. Their principal way OF wiling the hours
away is trying to ascertain how much 80 and
40 has made, and II they succeed in finding ne
is a lucky dog, they meet him with cynical
smile. envying him his good fortune. Some
however, with Beranger's Little Brown Man,
think their plan is to laugh at all that, and are
happy and Jolly looking. But the majority are
differently disposed, and look not the same.
1t is the way OF tine world; the rich are always
envied.