The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-09-27
Devotions" at the Clearing
House.

three days would be at an end seemed to cause a
feeling OF intense satisfaction that at last the result
would be made known, ana the one idea uppermost
In the minds of the brokers and spectators was as
to what the morrow would bring forth.
WALL AND BROAD STREETS YESTERDAY
presented exteriOrly their usual strictly quiet Sab
bath look and except door left half open occasion
ally, or the appearance here anu there OF few men
at one OF the windows, engaged, evidently, in con-
versation on TO Wall and Broad streets) the great
topic OF the hour, there was nothngto indicate that
on this particular Sunday the men whose lives are
bound up with those streets during six days OF the
week should have been drawn there also on the sew
enth
THE QUANDARY AT THE CLEARANCE BANK.
The doors OF the Clearance Bank IN Exchange
place closed Yesterday, but glance up at the
windows showed that the directors were still in
council and the clerks still busiy occupied in doing
their share towards resolving the problem for the
solution OF which thousands are anXiously looking
Never before during the whole history Of gold specu
lation were the directors Of the bank in such a
quandary. From Friday evening until this morning
the clerks at the bank have been busy necessarily,
both day and night The directors also have been In
consultation through nearly the whole OF Friday,
Saturday and Sunday nights The fact that on
Saturday night the Clearance Bank seemed as far as
ever from being able to make statement caused
much dissatisfaction among the bankers and the
anxiety to obtain some information on this subject
was the cause that led so many yesterday morning
to betake themselves to the neighborhoOd
of Exchange place. 1t was curious to see how little
groups Of men, with thoughtful, anxious faces,
would, in the midst Of a pelting rain make their
way over to the corner OF Exchange place and New
street and peer up at the windows of the bank with
faint underlined hope that some CLEAN of informa-
IN ha uOfpn In ri haf
their gaze up there the figures of the clerks
busily engaged in the bank, and OF the windows
Of the directors room number Of other heads in
earnest consultation as to how to best ger out Of the
great and trying quandary which was bearing on
them with such weight Of responsibility.
At last the directors, feeling the importance of
ending the present uncertainty by arriving at an
immediate statement, and seeing no other way out
Of the difficulty, arising from the fact Of large
number OF parties having failed to make
their cearances, gave orders that every one who
could not make his clearances by half-past ten on
Monday morning would be allowed to have no future
transactions with the bank. The bank then began to
make up its statements leaving out Of consideration
the accounts Of parties whom they believed to be
unable to meet their engagements This simpfed
very much the operations both OF the clerks and
directors. They were busily occupied during the
whole OF yesterday and last night in preparation for
the important work OF this morning.
AT THE FIFTH AVENUE HoTEL-FAMTLIAR FACES.
The chief centre of speculation and of converse
ton, however, yesterday on the all-en9rossng sub
ect Of the unprecedented gold fever and OF the
consequent coming revelations was the Filth Avenue
HOTEL There nom about nine O'Clock in the morn
ing to late last night faces familiar to every haote
Of Broad street might be seen. The rain poured in
torrents during the day, but had not power to
que the rush Of brokers and gold spectators
to this the second to Broad street. great
resort Of operators in gold and stocks. That devil
may air about The Wall street operator accus-
toned from day to day to win or lose thousands
was either altogether wanting or very much toned
down in the bearing OF those who yesterday congre.
gated at the Fifth Avenue Hotel The Hon. John
Moyrissey looked as imperturbable as usual, proba-
bly, because he had not, he said, mixed himself up
with the gold transactions of Friday but had
Kept religiously to operations in the stock market
Still his conversation ran mainly on the great
subject which was agitating the minds Of all around
MIN, and his opinions seemed to have such weight
that he was at oil times the centre OF a group OF
eager listeners The action of the clearance bank
IN so long delaying settlement OF the transactions
Of Friday was leading topic, and much Indignation
WAS manifested by the majority OF those who
expressed an opinion on the subject. The prevail
ing belief seemed to be that prompt action on the
part Of the bank was necessary to inspire confidence
in the money market, and that an earlier
settlement might nave been arrived at. It,. was
curious to note how, here and there wherever little
groups Of men were engaged in conversation, the
name Of "Jim'' Fisk was leard so frequently. While
1t was the general opinion that he had made an
immense 'pe"tby the gold fever Of Friday-an
excitement which ne and Gould are universally
believed to have caused and manipulated
were not wanting those who expressed
the opinion that he and his clique had
gained little by their operations. This opin-
Ion they supported by the statement that
After the immense rise In gold, and when the Fisk
party had large quantity on hand which they had
purchased at advanced prices the uncertainty and |
panic became at length 80 great among dealers that |
"the cllque' had an enormous quantity OF gold on |
hand when the price fell so suddenly to 1888.
There were among the serious looking groups
in the corridors OF the Fifth Avenue Hotel
familiar faces which yesterday looked more
strangely familiar than when seen around
he little bubbling fountain the splash of
whose waters s lost amid THE discordant din Of
he "bulls" and "bears'' of the Gold Room. That
all bgure with long, ashy-pale face. red whiskers
md heavy reddish-colored eye. moved about. the
fifth Avenue Hotel yesterday like 1sh out of
water. His existence has become so much bound
lp with operations In the Gold Room that to one
accustomed to seeing him there he seems at home
owhere else Yesterday he seemed to wear more
icAy-solemn look than ever probably from the
act that the surrounding circumstances aforde
i'm no opportunity for the usual use of his
ght arm-a member which in the Gold |
oom rises up and down with a steady regularity.
omewhat like the beam OF en- engine, except that
ow and again. after having called out in sepu I
nral voice for several minutes, "a take at s4.p +
nd having failed to obtain a response no leans !
esperatey over the side Of the fountain ana accee.
ties the motion q nis right arm to suit the
creased loudness and quickness Of his words.
lner familiar faces dropped pto ths Fifn Avenue
ose' lnas seen little lsraelite with the dark eye