New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-25
THE WALL-ST. EXCITEMENT.

Night al last down. and closed AS furious
hattie a. was witnessed. 1t was the Bun nun VI '0
stock campaign the utter rOut, wreck ana rum Vi '"
sands The story Of yesterday VIII DC "einoiapio iO
wears Prom very exhaustion, both 'ctots anu u'e o
.r.a 1,id down tocetber on the field OF contest Inc
,hts alonc the camps OF the foemen, at midnight cA
cred over busy fingers figuring losses paie races o
puting balances and crippled men olndihg up 'noi'
bruised accounts with the basam OF hope ana eApe-
diepcy The TO morrow was looked for with anxiety ny
,hopsands with pleasure by score for on that 10
,norrow hinges the mighty issues in finance
If compaets made regularly are iuhleu' 'ne
sUoIen current will peacefully; not,
breaking over banks and all opposition 1t VIII carry
havoc and confusion.
.nd toar were upon everv face, and the operators
were like chan In the wind. Every breath DIE"
them from side TO sde and each eddyihg gust
urht them up and tossed them into the whirlpool that
drew down into ITS dark depths all who stepped within
its influence The market opened at $50 probably ana
rose burredly 10 CO. and TO g. ten minutes fell 20
CENTS There was constant click OF instruments, and
even the poor became exhausted at noon ana
stopped for a moments rest. There was
vigorous dash made early in the morning by the Ioiu
Clique" came up every time sohdiy and squarely
buving millions more OF gold than there in the market
and taking all that they coud reach CONSERVATION and
despair the bears and in The midst OF the furious
din above the roar and the umut was heard the voice
Of Albert speyer prominent broker, 81 want one million
the bunion yet few dared to take Mr. Speyer at his
word feeling Of dstrust deferred speculation and
many turned away from offers that would have made
them fortunes the contracts had been honestly kept
New-st. was thrOnged a tumultuOus sea Of excited
men surged through it, shouting and carrying
on excited conversation The merchant suffer
ing keeny from the confusion in the Exchange
market watched the futteriDg Indicator IN de-
spar. Business Of nearly all kinds became sud
denly stagnaut, and ali classes and professions min
ged in the throng in Gold Room and on sidewalk An
itineran pedder with toy bull that tossed its horns
and beloved grufy in hand, and growing bear in
the other plenty of in the rival forces
struggled for the mastery in the market and many
placed the miniature beasts mfprOmnent positions in
their Offices prove that they had not deserted their
favOrites in this trying hour.
In the Gold Room, Just before the runor OF the
dispatch from Washington which caused the bulls 10
and quit the contested field can do the
suhect Justice In varouSOnce fanknS the street ex
citing scenes taking place Margins that had dis
appeared tempest batted for by those who
cOntended that the brokers deeeiving Them and
brokers endeavored to compel customers 10 make
good their losses. Harsh words passed between men
usually calm, ana excitement and anxiety Kept
pace with the pulse of the gold barometer.
The fury was at highest point The bulls seemed more
firmly united than ever speyer's advance too far into
the enemvs lines broke confidence in his leadership |
There utter along the lines and then the
runor came that the Government had ordered Messrs
Duncan, sherman Company 10 sell thirteen millions OF
clique" lIen bowed before the Ike reeds in
gale right and left the wounded FELL and down 10 100
went the market. All through tins excitement from
the very first, many have believed that united with
man orgamzatfon. and scattered here and there
along the street men OF prominence In the Demo
marble floor with tobacco Juice deputy she f without
number eanedu convenient doorways Congressman and
able James Fisk rand John Morrssey exchanged cordial
T6s Tbun1erl,o tell The Government with strong
arm thrust itself between the conendlng forces ana
an Eopr there came calm-the blow staggered all |
bUt the rest was merely TO recover and then the |
excitement began again, but in another shape D.
Tectly opposite the Stock Exchange Is the office
OF smith Gould Martin, who said TO be the lead
OF the gold clique Rumor also had that the rn OF
William Heath Il Co. were employed by Messrs. Smith.
Gould Co to distribute the orders for the purchase of
the gold. Al 2 o'clock. as IL by mutual understanding
both eNces bes,eged by men camoring TO be paid
and William Beldcn, who were said to have been
the chief movers in this panic. left the
yia CIRCUMSTANCE in itself was @asnhld into an I'M
Az smith. Gould Martins office, Mr. Smith appeared
stated the excited throng that owing TO the i'm
the Gold Exchange Bank, they obliged refuse
transact business for the day, bnt would pay all their
brokers were not to be put off, and Two Deputy sher
APPEARED al he door, and guarded The inside. At
name of Benjamin I. Armstrong who keeping back
The crowd from WITHOUT was struck IN the face by Her
man A Cfusel, clerk Tor another hrm, who was at
tempting to get III the door. Armstrong retaiiated
q
poured The first blood Of the BroadSt The crowd
sweled 90 thousands and the beigerents col
~ aas SG H an5 65 Rs R away Lh5s
and matters looked serious when Rufus Hatch of No 10
ifensa1d dollars 70 one that this house viii pay every
doilar" THIS received with a slight cheer.
lie pressure at the door decreased Both Of the
parties wio were engaged IN the fight Of the door were
Gilbert Fortunately for them the Sergeant was dis
posed TO b. eneu with them. and an elderly gentleman
satlOn-hOUSe with the culpFitS 0uiPy |
pleaded their cause by stating that the day had been
perfect strangers 70 each other They probably
Quaipted. and he hoped they would both shake hands
and drop the matter. To their credit II may be
said the young men at once embraced the offer aud |
each other aud the Sergeant gladly discharged them.
When The young men VINO went out armin.arm reached
Broad-st. again. the house Of William Heath Il Co. had
been charged upon, and excited demanding
trance Of Two more deputy sherl1s who guarded the
were exetedy ana furiOusy demanding checks; they |
were met by one OF the members Of the firm who quietly
stated that The house would make good all its tran
to-day and that their assets would more than
cover demands against them Rumors OF the flight Of
SeIt"l pIOI1lheht heh on the street came tmck anu
fast, and dozen iris said TO be broken. "Vat
did he DOR said hooknOsed another IN the
crowd IL mont OF Smith. Gould & Martins office. 3"
guess he stole railway shares and operated NIT dem in
dc sUit ROOM was the intelligent response. The most
absurd stories foated above the tnmul and no matter
how mOnstrOus the statement it swallowed easily
ment that their business the Clearing House |
was immense and no returns had been made |
Very arge amounts OF gold had been sold in the morning
al from 80 to lO in the regular way and
beer sent from the Clearing House; and consequently
knowing what condition their
would not check against an uncertainty. William Heath
a Co. claimed that upward or 100000 them at
the Gold Bank, and that would more than cover all
demands. Reports flew from mouth 10 mouth that a
number Of houses had "gOne UNDER" but 1t would be
manifest injustice 10 name them IN the present OF
affairs. Tie Gold Bank, IL is SAID has not balanced
ats books for three days. and, either burdened by
extraordinary business keeping back 10 give fair re-
turns II viii not pay until its statements are made TO
The gold fever over for the time The clique have