Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1869-09-30

This wavering is easily explained A
prominent bull, while within his Office
reading the kilograms from the Gold
Room, received private dispatch from
an employee of the Treasury Depart
ment in Washington, informing him that
Boutwell, would positively sell 81 100000
to,day The rumor reached the Go d
Room just as Messrs Halgarten d Co.,
in view of Mr. Browns success in plac.
ing 80 large an amount at so inviting
price on the market, had offered million
at the same price. Some Of this was
taken up by other parties, but before the
whole was absorbed, the terrible rumor
was circulated throughout the room -
This Instantly paralyzed the bu Is to
such an extent that the price fell to l55,
and then to $50 The next bid was l4S,
then l44, and finally, lao.
Then dsmay seized the members pres.
ent, for the decline meant nothing less
than the ruin of all those concerned in
the ring
The bulls had gone into the fight fully
prepared to take from $lO,000O00 to
$50 600 000-so asserts one of the clique.
They had not taken 100000 when they
heard of Secretary Boutwells action
The rapidity of the movements and the
magnetic influence of the Gold Room
was too much for them. Their heads
became giddy, and in twinklng they
lost control of the market. The 81 600.
600 threat of Boutwell, was but a fea-
bite, hut they were fearful that his
movement was q preconcerted one and
that $50, 100000 would be thrown upon
them, if necessary, to crush the market
1t was not until the rate grounded at lao,
that they rallied 1t was nearly noon
Gold again began to mount the stairs
1t sprang from l40 to $50 at a single
jump. The bears acted as if "a flash of
lightning had passed through the room.
Bedlam again broke loose; the room
was filed with shrieks and curses.
In another jump the metal struck
100 At this point Duncan, Sherman
q Co. let the bulls have large amount,
and they took it in seeming confidence.
Again came the Washington rumor,
and this time, it was said, direct from
the special Treasury agent in this city.
1t was asserted that Grant had ordered
Boutwell, to sell the gold, and that he
would order him to sell five millions, if
necessary. Away went the market in
another rush, and never recovered till it
touched 1873. In the street it went lower
The bulls were revived; men were mad
dened; Speyer grew crazy; his eyes
seemed fixed in dispair; he spoke to his
friends in husky voice, and rushed
about the little fountain as if in terror;
at length he raised his hand and shouted
hoarsely to the heated struggling mass
below him This extraordinary specta.
Gle nearly silenced the operators. In
few words Speyer accused some unknown
person OF an attempt to assassinate him.
ale is after me now with big knife r
shrieked Mr.. Speyer Look, look r he
continued don't you see the knife2'
AS it vas evident he was crazed, he was
placed carriage by his friends and
sent hone. Mr. Spever was not the only
one made momentarily crazy; one of the
members Of the board informed the Sun
reporter that, under the undue excite
ment, he felt his mind giving way, and
took IL Madison street stage up Broad
way, as far as Canal street, to recover
his balance.