The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-09-30

The New York papers are full of the gold
panic, the moral Of which is seen in the mourn
ful questions Of the Herald: "Are the busl-
ness men and public in their transactions to
be at the mercy of few men in Wall-street?
Is the value Of everything, to the extent OF
hundreds or thousands Of millions of proper
ty to be regulated by few millions OF gold,
more or less, in the hands OF these Den?"
The final result Of the fight Of last
week in Wall-street will depend much upon
the condition OF Smith, Gould & Mar
tin, the leading house in the bull movement.
It is probable that they will come out all right,
as they had twenty millions Friday before the
government sale. and were receiving balances
at $50 and upwards. Messrs. Heath Co., Mr..
Speyers and others are largely dependent on
their action, and ell wait for q settlement at
the Gold Exchange Bank. There was re-
port that Duncan, Sherman Co. had been
advised that the Barlngs had placed ten mil
lions of gold to their credit in the Bank OF
Epgland, on the strength Of which they borrow
ed Eve millions in goldfro the government,
which they had sold to help smash the ring.
Belden has not absconded, Speyers has failed
but not gone crazy, and Headley. OF Wander
venter & Co., has not turned up. The New
York Sun, Of Monday, says:
KFFECrs OF THE GALE.
The furious hurricane that swept over wall
street spent it's force on Friday. The shore is
strewn with wrecks, and there is an immense
demand for steam tugs and lighters. 1t is as
vet Impossible to be certain OF the names OF
| the vessels lost. Some were Immediately cap
sized, and are floating bottom up Others re
rapidly making water, and all hands are at the
pumps. In some cases jurymasts have been
vas can he spread with safety. In many In
stances the ballast has shifted, and there is
great difficulty in getting on an even keel.
Some very large frigates have been driven
ashore. Their commanders hope to warp
them of at high tide. Meantime all eyes are
turned toward the Exchange Bank. When its
officers are able to take the sun and determine
their latitude and longitude, it will be possible
to give accurate details. At this time the most
or the vessels are at sea, without chart or
compass. and their crews are suffering for
want of provisions.
HOW MUCH THE BULLS HAVE MADE.
The theory OF highly responsible broker
with reference to the profits OF the gold opera
tors for rise, and who was familiar with the
operations of that clique, estimates that the
bull combination up TO 12 O'Clock on Friday had
accumulated profits in the aggregate as hlgn
as ten to twelve millions OF dollars. the result
of their shrewd mappulations. large por-
ton Of their purchases Of gold, according TO
his statement, ranged from 1917 to 1876, and as
the price advanced the clique nnloaded, as well
as made further Purchases: Several millions
Of short interest were added to the pool on
Wednesday at al, which, together with pre-
yious purchases. was settled on Friday al IL
o'clock on the basis Of 146, 149, and 15O, IN
their compromise with the bears. The amount
Of capital involved in the scheme was about
forty millions of dollars, on which VIZ done
business OF about one hundred millions, and it
is estimated, after making liberal deductions
tor extra interest paid for carving the gold
from day to day Preaching Friday as high as
one per cent, J that at least ten to twelve per
cent. accrued on the gross business of the COM
bination up to the time above stated. A few
millions which are reported IN dispute we're
purchased at 160 to 1924, when struggling to
should this be adjusted, still profit OF
several millions would be left in the "locker. "
II this theory is true, the suspended firms oi
Friday will resume business as soon as the
Gold Exchange Bank can present them thel1
balances.
THE INDIGNATION OF THE BULL BROKERS
Against Messrs. Fisk, Gould, aud Heath & Co.,
last evening was very great. tall gentleman
in the Astor House declared that he had been
an errand boy in Wall street, and brought up
to the business. II kuow the ins and outs and
the ropes as we'll as anybody" said he; ''and l
have been cleaned out by clique OF thieves
aud liars. 1 spent seventeen dollars for re-
volver yesterday, and somebody:n get shot be-
fore 60 to sleep over my MARGINS"
The prevailing impression last night was
that the scenes around Wall street to-day will
eclipse even those of last Friday. DIR. b. I.
Helmbold, the Buchu man, cleared $25, 0CO in
the gold market on Friday morning.
THs VISIBLE INVISIBLE.
Neither Fisk nor Gould was visible to a
thousand and one individuals who were aDx-
ious and interested in seeing them. MIR. Gould
was seen to enter his Office on Broad street on
Sunday, but denied admission to all except his
friends. James Fisk, Jr., and Dir. Belden are
believed to be in the city.
BUN ON THE TENTH NATIONAL.
On Saturday determined run wac made on
the Tenth National Bank. An announcement
that the bank was $500, 900 short at the Clear
ing House in the morning, coupled with re-
port that their certifeI checks were being
thrown ont by other banks, seems to have
occasioned the run.
The street was ready for panic, and by
eleven o'clock it had 1t in general rush OF de-
positors to this institution With furious de-
mands for their balances. The rush soon be-