New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-30


most exciting dramas of the age The actors who have
etted their brief hours the stage" have left omen
tDe way for the fifth act where upon the scene win
.Ppeaf 'ne fich Old uneles, who arrive just IT, HI
VINE 10 save suffering virtue in the sbana III
vi hucb-aDused business community These III
Ten ola uneles are Of WIDE experience ana
EXTENDED Judgment who ooR beyond the rumble and the
roar OF little miserable locality seveuby.nne district
"nu Oehoid great nation prosperous q nation where
soueh harvest has poured treasures its flag re-
epected. and its cEdit unimpaired and think that aer
AL these groveiBg lte-souled men who make checker
BOARD OF finance TO play upon miserable games
are Du men OF straw To some given thoughts that
soar ABOVE TIC common herd questions that CON-
the good and these rich old uncles arc no.
AFRAID that this tangled snarl of (who IN MANY cases
are out the custodaus Of imaginary tbOusands) will
ehecH V1e wheels OF national prosperity or causo |,
abem 10 revOlye more slowly Sharp ard /
Keen old uDcles too; for whlo they reward |
the vrtuoustthey enrich themselves The worst bas /
passed On all sides men pouring with capital TO
sustain TIE mart-selfsh, perhaps-or they buy stocks
As they would lean heers in the field Good times win
fatten both kinds Of stock ana they seize the bargains
when tie price is low Great fortunes will no doubt be
made Tor most men unite in saying IT'S now the time
90 huy." Il
NIGHT OF DARKNESS
Through the long, dark hours Of Tuesday
night were many anxOus tOilers Lights cleaned from
many windows that in ordinary times are somber IN
gloom. Busy clerks summed up long columns OF ngurcs
ahe pages OF many edgers by the handling Of
sremulous figures Thousands, and millions with the
chaos Of nnumerabo fractions we're added up averages
were adjusted, commissions estimated, per centage
eaHazed. aud endless details marshaled into tangible
shane. The Committee Of Twenty, appointed by the
Gold Room, "spooked" like weary ghosts through the
shadows the night in and Of their session
Wall New, Broad. william, Nassau and Pine
cts; also Broadway, Broad-st. and Ex-
ebange.placc, usually as silent and deserted as
q country ehurchyard after nightfall, echoed
with the resoundng footballs OF hurryng messengers
ana 1e 6m1zS nun 81 ha@ voices Sd sn 9e abred
here and there on the corners better feeling began,
generally prevailed The opinions Of the street were
that the Greaest pangs Of travail had spent Their
commercial affairs would come forth. In less than an
hour from the time Of the committees opening their SEES
fifty statements had been received, and these
continued to come like the patterng raindrops OF April
scene and bright visions Of the days dongs gowed IN
inner S mfcb Wt6 the boFmson that Messrs smith
Could Martin Co had their statement IN preparation,
ceded from the first thati m united with the others
IN the pansfo clearing there would be speedy calming
tated refused to present Their statement had at in
.se sree roeknS to and fro in tumatacGs anxiety
1t stated that actually this firm were ready to fan in
restoration Of quiet S1t all their contracts having been
were warned by legal advice that any other method OF
payment than according to the literal agreement wOnd
zion method of selfpreservatonma law not lightly
that this firm are millions long" e., they had pur
chased that amount last Friday. This firm have thus
the stock ExSbang and they sts that as far they
H fST ela as RAPIDLY as possible
Wast at 10 O'Clock resumed its wontcd appearance of
S ana So t0 Others S cwdeS Se sred the
Offices the banks Exchange and other hives Of trade.
merchants, lawyers physicians eergymen traders and
who were thther by of anxiety interest,
idle curiosity. Carriages crowded the roadway, the
sidewalks curbs and Railways black with human.
the banks ana offices sWarmed with hurrylng men,
and the telegraph offices were literally beSeged by
possible to agile bodies who wrggled through with eel
den upon ribs squeezed and oettes fatally dlsarranged
Occasionally adectyes not generally used by the preach
Ts Of Saser sort we're freely uttered In Stock
Exchange ana GOd 0S ~9 aSd sScniSg man9
One could think of no nearer simlhtude than !
operation more easily described than ae
complshed, especially ID
THE GOLD ROOM. ,
When the Committee of Twenty met to re- !
port the place was packed like box Of sardines. II
really seemed as though there must have been india
rubber in the walls elastic vrtuesiof contraction
teescopng of sbodles into each other. The stawart
shoulders and muscular limbs Of the strongest men, even
propelled with the moDstrous energies OF Chang, the
Chinese giant could not have effected entrance unless
indeed it were by lttening other bodies ahead. No
stroke Of the pen mark Of type picture out the
scene at tins time. To say that II thrilling, exct
S f Sna sSTekag yng and SSzznS
the ears almost TO deafness, and sent the blood | i
sn this anu din and uproar, the slam bang
of the Presidents gave the tabewith force sum
Gent drive railroadspke home-sends chips aud
spliners flying on either side Add to tins the rafting
chick many Geographic instruments, and the noise Of
the street without and one has no word TO express his
Of this place is readily portrayed; is the soed paint
nasty floor and fed atmosphere. visit from Dr. Har
MSS dsnfeoting corps might purge the place Of Its
fagrant doors coat OF paint on the walls and ratings
3 cleansing Of the windows. and redecoraton OF the
fountain with its naked water-boy would be marked 7
Improvement.
IS previously announced Committee OF Twenty and
the members Of the Gold Room assembled at 10 o'clock 90
consider the formers report which ia substance that
the clearing Of Fridays transactions progressing
satisfactorily in the hall Of the old Board Of Open BrOk
After this report there recess until IL O'clock
when the Gold Room resumed its executive session and
air. Fisher Chairman OF the Committee OF Three APP
pointed Tuesday night 10 examine into the condition
Of the Gold Exchange Bank, presented report /.
which may be found i'll our commercial department.
THE GOLD COMMITTEE OF TwEkTY-NOTHING |
ACCOMPLISHED.
The Gordian knot tied last Friday by the
golden horns and gded Of the bulls and beass Of
Wallst., is stil hopeless and impenetrabe snarl.
Nothing absolutely nothing has been regularly accom-
pshed toward the settlement Of the frightul array
accounts heaped up. thick Autumn leaves IN vaam-
brosa, by the financial hurricane dreadful day
The Gold Exchange Bank essayed TO bring order OF
she chaos but found egned to hnd clerical force
wholly unequal TO the task Of coping successfully
with such a formidable OF business. The
Bank OF New-York TO the rescue but
speedily recoed from the vexatOus and hercuean enter
prise Driven desperation by these repeated failures
and the necessity Of wipDg out in some way and as
epeedy as possible appalling record OF last Friday,
the Gold resolved 10 become It's own Clearing
House. and proceeded TO appoint Committee OF twenty
good men true receive the statements OF all the
dealers involved last weeks disaster ana 70 strike
baauce-sheet which the losers might read their I'M
hanpy fates and the ucker ones might learn for
.f,fr thu ooodF aVa M