New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-07-23

their clamor for relief excited niue syhpatnS al th
.n Srsness circles OF the countrywhen the
scarcity of money threatened TO cut on te mur io0d
% hp min npon half the debtor class OF the com
an even Mr. McCulloch pledged as no was w
was moved to interfere The very revenues
@ ire Goyernment affected by the operations of
gamblers They were therefore informed that II Heees
sary 100000 of additional currency would be iort
coming the relief OF the community, ana then ana not
tin then, we're the screws loosened
The harvest the spectators, however, was still but
half gathered. Hitherto the combination had operated
for fall Now the moment to change their tactics
and take advantage Of the rise The time was calculated
TO q nitety. The London infatuaton had continued
and as fast as certificates OF STOCK were
issued they seemed to take wings across the Atantc
Yet there limit even TO English creduty anu III
November became evident that the agents OF foreign
houses were selling their STOCK 10 arrive INC price w h
about 40; the certificates might be expected ny thS
steamer OF the 2Sd Instantly the combination ciaSe1
front As before they had depressed the lnarket uey
ran 1t up. and, almost as II by magic tne STOCK,
shooting up to 90 New developments were evidently aI
hand. ,.
soon wearied Of the sameness OF his part as mere
locker in Walst and had relapsed into his Ola haos
He was no longer treasurer of the Ere and could not
therefore invite the public to game while he himself
with sOmber pley shook the loaded dce But ~ ad pe
with him second nature to operate IN Ere ana
once more he was deep IN IT'S movements. ny nlsV
assist them to the extent Of 81 100000 The yacatng
tmd nature of the man, however, could not Keep pace
with his more daring and determined associates and
embarking 100000 becoming alarmed at the sue
who were threatened with ruin, he withdrew HIS funds
from operators control and himself from their coun
ellis But though he did not care to RIM the rsk OF IN
cur the odiu he had of objection to sharing the
spoils. Knowing therefore, supposng that he knew
the plan OF campaign, and that plan jumping VIII NE
own bearish lnclinatOns he continued, his own ac'
count operations looking 10 fail Que may easily con-
ceve the wrath OF the Erie operators az suc lreahe
policy aud 1t is not difficult 10 imagine their
vows of vengeance Meanwhile an went wen MIN .t
Daniel Drew. Erie looked and worse ana the
golden harvest seemed drawing near: BY the middle OF
November he had contracted Tor the uenVey Vi sono
OfV X,
perhaps, 80, and probably was counting his gains he
did not appreciate the ~ power ana resources s OF as s U
changed and he found himself involved IN terIlpe en-
disclosed Itself on Saturday Naturally the fret impulse
was to have recourse to the Courts An inuhetioh-a
dozen injunctiOns-coud be had for the asking, BUT I'M
fortunately. could be had by both parties Drews own
recent experience, and his intimate acquaintance WIN
the Characters Of Fisk and Could not calculated TO
inspire with much confidence in the efficacy OF the
law. But nothing else remained and. after hurried con
TO- the aldavits were prepared and it decided to
repair the following Monday TO the soca!ed courts OF
Nature however, had not bestowed on Daniel Drew
the steady nerve and sturdy gamblers pride Of Of
| Jersey City HIS mind wavered aud hest
for himself his only thought was OF his own
position He was willing to betray one party or the
TO those bring the suit on the Monday, but
he stood perfectly ready To employ Sunday III Derayhg
their cOunses TO the defendants IN the suit A position
more contemplate, state Of nina more pliaole can
hardly be conceived. After passing the night in tins ab-
Mr. Fisk for purposes of self6umiaton and treachery
He then partially revealed the difficulties OF his situation
only to have his cOnidant prove to him how entirely nc
caught by completing to him the revelation lie pc
rayed the secrets OF his new allies ana Demoaned M
with the CHEEKY remark that " lie Drew was the last
man who ought to whine over any position III whch ne
placed himself IN regard Ene The poor man begged
TO Mr. Gould, aud would take no denial FINALLY MI
Gould was brought H. ana ne scene was rGpeasu iS
revenge. At last they sent him away promising to see
him again that evening. At the hour named he again
appeared and. after waiting their cOnveniencefOr they
spared him no humilaon-he again appealed TO them,
Offering them great sums If they would Issue new STOCK
or lend him their stock. He impored, he argued. he
threatened At the end of two hours of humiliation,
persuaded that was al IN vain that he was wholly In
the Of antagonists without mercy, he took ms hat
said &" will bid you good night" and went his way.
There touch OF nature about this scene which seems
like fiction Indeed irressbly recalls the feeber effort
of Dickens to portray Fagus last night alive and there
is more pathos IN the parting address than IN the Jew
An old man, my lord avery. very OLD man" But the
tuTe the old fence" IN Oliver Twist turned out Of his
house and stripped Of his plqndcr by the very hands
through which he had procured it, In the OF Daniel
Drew, however the ideal poetic justice was brought
the inventor and is hard TO believe that he left the
Erie Offices that night his apt pupils even as those Of
Fagin might have done did not watch his retiring steps
with suppressed merlnenti and when the door had
closed upon him. that The one DID not explode IN loud
plunged his hands into those eapaeious pockets which
things terrible is the condition OF affairs only
italy revealed there Is grim humOr running through
| them winch ever makes itself felt.
WHAT CAME OF JUDGE BARNARD's BED CHAMBER IN
JUNCTION.
When this last undreamedOf act was made public on
Wednesday, at it apparent that the crisis
not far of Daniel Drew cOrnered. Erie was scarce
and selling at Al, and would not become plenty until the
arrival Of the English steamer on Monday and So at A.
Mr.. Drew flung himself into the breach TO save his
endangered credit and under his. purchases the
! stock rapidly rose, until al Ave o'clock on
Wednesday afternoon reached 81. Contrary TO expec
tatiOn the "corner" had not yet eliminated 1t became
evident the next morning that before o'clock that day
The Brokers' Board wild with excitement. High
words passed; collisions took place; the bears
savage and the bulls ptilcss Erie touched g. aud there
was difference OF 10 per cent between cash stock and
would be Inland diherepce OF 10 per cent between
stock to be delivered the spot and that TO be delivered
at the usual time which was quarter after o'clock
Millions handled like thousands; fabulous rates OF
interest were paid rumOrs Of legal proceedings
bit roads were confidently predicted NewYOrk Central
suddenly shot under these influences per cent and
Vanderbilt seemed about 10 enter the field The interest
OF the stock market Centered in the cOnbaants aud
these two great corporations All other stocks quiet
battle too fierce to last long At quarter before
O'Clock the struggle would be Yet nOw at the very
them eiuded the grasp Of the Erie Ring Their opponent
not saved, but they shared his disaster. Their
bnatOn had turned the fact disclosed TO them by the
Erie books that 100000 shares Of its stock had been
Issued IN the tenshare certificates which alone
United 10 London This amount they supposed he
OF the country the balance they could account for
beyond the reach Of Drew. Suddenly as O'Clock ap-
preached and Erie trembling in the Cos all Broad
way-every tailor and bootmaker and cigarvender OF
New-YOrk-seemed pouring into Broad-st.. and each
newcomer held eagerly before him more of those
tenshare certificates which should have been IN Lon
don. Not only this, but the pockets of the
agents Of foreign bankers seemed bursting with
them. Bedlam had suddenly broken loose in Walst
1t was absolutely necessary for the conspratOrs
TO absorb this stock TO keep 1t from the hands OF
Drew. This they attempted 10 do aud maufuly stood
their ground hghng against time. Suddenly, when the
hour had almost COue,-whCn five minutes more wOuld
have landed them III afety through OF those strange
incidents which occur in WaiI.st., aud which cannot be
explained. they seemed smltten with panic 1t said
their bank refused TO certify their checks for the sudden
increased amount the sellers insisted having
cnecks anu IN the deIay caused ny tls unforeseen aim
Guilty, the precious five minutes had elapsed. and