The New York herald., 1869-09-30

Qudaclty IN graphing Win IRON Hngere INC "hoe'
aye and five times more gold than lies In the
governmental and bank co1ers OF the whole country
were the work OF any one man. the country might
well rremble ana say, who and what is the power
that In forty.cight hours can work such a tre-
mcndous revolution 7 The solution OK the PROP
lem can only begiven in one way.
The government hold in their vaults say 600
com, and the banks about $4,000, GOO, in all less
than $780, 900. What individual or clique OF men
who have the brains and the money to undertake
sncn a gigantic movement would do go unless
they had the most undoahted assurance from the
government that no gold should be thrown on to
the street to defeat their plans and thus incur
losses Of millions to themselvess How long has
this scheme been in progress and who were the
originators9 The ruined bankers OF New YORK
demand 10 know It.
An indignant country demands 1t, and asks why
the carriage of the cool headed sharp, Keen Presi
dent OF the Erie road has been seen morning ana
night in West Twenty-sevenLh street. at the resi-
depcc OF the brothcrin-law OF the President. Per-
haps the confidential agent OF the shrewd Prince OF
Er,e who has, in the last two weeks, made so
nauy midnight Journeys to washington. Penn,
might explain something about tile matter. The
frequent interviews OF the Admiral with General
Grant at New York, Saratoga, Long Island Sound
and elsewhere are very significant.
Whose influence was 1t that appointed the present
Sub-iIeasure" OF New York after another mans
commission had boon made out and what kind OF
u bargain was made.
How much money has been sent to Washington
that was not used in furnishing the White House in
the last week or two?
who cashed the 100000 check and the $4,000
cheek handed 10 a member of the Presidents
iamy9 Now what shall we say in the face OF all
tins, and at whose door lies the blame OF al This
terrible ovll9
A few days will reveal the mystery.
THE GOLD ROOM
Opcnedt at ten O'Clock to enable the members to
hear the report OF the committee OF twenty engaged
IN clearing up Fridays transactions.
Mr.. CAMBLoss, chairman OF the committee, said
that they had been at work all night, and that
affairs were assuming cheerful aspect. Many VINO
had refused Tuesday to send in their statements
had since done SO. and many others mad promised
to send in theirs at the earliest possible moment.
Tie committee had succeeded in disposing OF over
two hundred statements, and that moment but
thirtyseven remained to be sent in Mr. Camboss
said that upon the members rested the responsibility;
they the commlstee) would do the clerical work and
ind safe depository for the gold. and not dollar
OF It should be paid out until all called for
by the deposit sheets was deposited. He requested
the gentlemen to put their shoulders to the wheel
and nelp the committee along. II the latter failed
it would be for lack Of support, but they were deter
mined not to fail. Mr. Edwards, one Of the CON-
miltee, confirmed the statement OF Mr.. Cambloss,
and said that the thing must go through. that even
| Mr. Colgate, who yesterday was stubborn In his
refusal to senG in any statement had reented ana
hls statement had been received by the committee.
| Mr.. HoDosKIS SAN that many tickets having been
destroyed Taesday hecessitated issuing new ones,
and that fact haG- -iietardel his statement, which
wonld be made as soon as the new tickets could be
obtained. The Board then took recess till twelve
| NJ, subject to the call Of the President.
! During the day the Clearance Committee occupied
the Of fhe old open board and transacted their
| business with closed doors. Many persons sought
admission, but oil except few authorized indivd.
uals were courteously denied adnttance,
and throughout the sessions Of the CON-
mttee swarm Of eager news gatherers
| hing about the dark and narrow passage In the
! Gold Room matters were very du during the inter-
walls between the several reports from the commit
| tee. The gallery was deserted except in tho few
| moments occupied in receiving committee reports,
and the members Of the Board dispersed in all direc
tions whenever the object which called them
tosethsr was temporarily disposed Of. A few fingered
in the room ana occasionally started some new SEN
sation with which TO excite the lockers ON, bu, az
a general thing matters were exceedingly dun.
| THE NOON SESSION.
At twelve O'Clock the Board was again called to
! order the members beng summoned by the stock
| telegraph, and rushing in peii nell through the
! various entrances. AS soon as order could be
| secured. Mr.. Fisher, chairman OF the Committee of
| Three appointed to investigate the affairs Of the
/ Cola Exchange Bank, submitted the following
! STATEMENT OF THE NEW YORK GOLD EXCHANGE
BANK 10 THE COMMITTEE OF THE GOLD BOARD
IN ofiicer OF the bank went into the Gold Room
the morning OF Friday, the Gath inst, and sug-
gesIed TO few that 1T would be impossible to clear
the transactions OF that day on account OF an
cided that il was the duty OF the bauk to make the
| attempt eYen at some sacrifice. The bank assumed
| the clearing movement Ill the usual manner, ana
received In payment of balance very large amounC
OF geld and currency.
| IL was necessary TO restore a large portion OF
those amounts TO the dealers or widespread disas-
ter would have followed.
| 10 DO tins The bank was forced to depart from
the ruie o receiving al balances before puslng any
aud went on paying dealers a portion OF the bal.
ance on tAelr statements, reservlng safe margin
where practicable, and trnsttng TO the dealers to
make good any over payment on the dua settle
ment iAis was the course pursued Friday and
Saturday.
| On Saturday q committee was appointed az an
! informant meeting OF dealers, TO confer wish the
directors, who went into an Investigation extending
through, Saturday and Sunday the plan TO Gec are
nine dealers rejected from the clearing. and assume
the rest rs goodthe only basis Of settlement tney
The bank acted ON this in paying dealers on Mon
day. The emergency OF the settlement with the
| Clearing House OF the banks on Monday and Tues
day was passed by transferring to tle committee Of
the Clearing House snnicient amount TO secure
! TIC batahcc uHc Dy tnc D1ns.
| The bank has now at Its control (arter settlement
with the Clearing House OF the bank not far from
tho amount OF It's capital and surplus with which 80
hquidate the dealers statements as soon 1t can
be ascortainei what is due from the bank TO the
dealers ana from the dealers to the ban6. 1t Is the
expectation that these results be approximated
to-day, ana from all the evidence accessible we
believe the bank 10 be solvent and able pay all its
| debts. No complications exist at present, except
our dealers statements. The bank has not failed
| or suspended. II has paid all Its obligations as
stated. 1t paid MONDAYS obligations at the Clearing
|
|. In gold ana say 81, 800 900 securities.
| SEPT. 20, 1869. II. IL. BENEDICT, President.
| After few remarks by Mr.. Fisher explanatory Of
| the above.
Mr.. JACKSON, Of the committee OF twenty reported
that the committee was getting along remarkably
wen, and that only four parties remained to SEND in
statements In response to numerous cries OF ..Who
are they 2M mGIYe us lher nanes ha GO ii that