The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-09-29
- % 90 30 hIoeE Aarh.i b.

! Sew 5gFE ggid ana STOCK MaFhs G.
! By TelegFsph.l NEW YORK. Sept. %.
The Excitement IA Wall Street was very
great tntouBhoub the uhyt ana the events
s arcgly less important than fUr many past
days. Ire Committee OF tho Gold Room
appointed IN the forenoon soon reported
That the Bank Of New York would under
tGke the cienraucea 81 last Fridays butf-
nesa in the Gold Room, subject TO the fol-
lowing restrietionsi Tnat every statement
must be correct; that if there - q golu bal
ancs 80 must be paid IN gold, and IL = cur
rency balance, o. must be paid IN certified
checks. The Commissioner Bank OF
ew York further agreed that All transnc-
tiOns 81 the bank should be made on "a
basis Of 10 fof gold, and tDat all differ
dealers outside 81 tho bank. The Room
then voted 70 remain open only Tor trans.
actions 10 kolu. 4he loan mara et wac all
agreed that al loans to-day be made T. ee
II interest.
The Gold Exchange assembled at3P.M.,
BanE Of NV YORK found their clerical
force insufficient % clear Fridays
tons. Al THIS emergency, "a resolution
mat com nittee OF twenty mon bers o.
81 tue clearing house sheet ard examine
them carefully. Without receiving any
money Y bylanea, and, nnding them core
rect, strike Da.ancs sheet OF the whole
aud pre- eut thatto the Bank OF New York
WAS adopted after strong debate, and tho
committee was appointed. Tnis commit
tee, 10 Is stated. VIII WORK all al ht, nee
e-slry, 70 aCruighten ont Friday's business.
The announcement toat the Back o. New
YORK was uuab 20 go on win the clear
iugs occaaiOned a general rush fir the long
room 10 sell stocks, and another ntormi
burst on tile stock exchange with the Dc.
s s4esds ~ p5e5 s2 70 va y per sn s
stocks, and Rev York Central Wa sold
Tne reel was dlIed with rumors OF far.
uTes on Stock Exchange, nut none are o.
officially aunouuced.
only G8H 90 Or tho bills for 20 a,
throwing out all proposals below 49,.
Itioe accepted wore ~ I999l811a.
Bank were before Committee OF tho
Clearing House to-day. The Bank stands
debtor 70 400, %, aud paid 10 81 00000O in
gold, equal to = bout al 20 .OOJ in curfencv
and 81 10000 in the shape Of loans. which
are 10 process OF collection. The creditor
OF the 81 O0O,0JD IN loans until some can De /
collected. This fn the real eX plaunffon tho /
making settlement win tho brokera. ~ \
Is reported from tnfs statement that the /
currency OF the bank has beoa loaned 70
parties, and the whole street brought 20
Tnis afteTnoon. the committes on sug-
pensions OF the clearing house regarded
me eecurittes handed over 10 the clearing
house on account Of the debtor on the Dal-
auce Of the Cold Exchange ~ h1equ "
cover the uabflftIen, and have @acsF tain |
that tomorrow ths Bank viii stand cree
tor al the clearing house me 80 OK Ike
Change proaouheA a af@ptilN @aReyA Wv stt.tt
he c5ose or the day, and the pauicky feel
ing vas renewed. The havoc made IN vnl-
ues To-day has wiped from existence q
Iarga number Of small operators. and
TzeSirened many larger firms. There were
many TuEnors OF failures, but none ere yet
ofHctalIy announced. Tho National stock I
Exchange commences dealing IA gold to-
MoEEY = Very stringent; No. loans
we're made at = per cent. on Governments
aud gold, ana = 10 per cent. on stocks
A great many brokers had some difficulty
"a making their Bank accounts. There is !
dead lock IN discounts.
GOLD omlnaiiy i3igl5A
BrEKLINQ ~ uEntuai At 8abM.
GOVEKRMENTs = Are lower sud dull,
closing steady. C0upOnst ~, ll5t18ll9i
10. 20. I205S; do. 20, ll9Bug3; do. %, |
Ig3z0lI5f. do. new, Ilyailb1<; do. 'o7,
l7Lgl12S; do. '6s, Ilolz9li7Ai 1906 1885
The CoDiniere al understands that an APP
)licatiOn Will be made 10 the Secretary Of
be treasury, requesting that he would
make provision Tor supplying the market
With currency, In the event OF affairs as
uminR more aspect Of panic.
hFW YORK, Ill O'clock y .E.--Ihe commit +
ce appointed by the Go q Room 10 adjust
he accounts Of Friday last, have been
lusiiy engaged all evening, a. the banking
Tot be completed tonight, as statements
rave as yet been fuFn shed by Ouly aBout | q
80 out OF the o3J members OF tie EN-
hango. The work OF ad uEtment is pros I
eeding on the basis Of l3j for All cont acts
made on frIaays except those Of b. lden a.
o., whose accounts have been thrown ont,
VINO are generally spoken or by the
tds Of the committee, are pr sent, and /.
here IS no eW itemnnf whatever.