The Portland daily press., 1869-09-30
LATEST NEW s
BY TELEGRAPH TO THE
PORTLAND DAILY PRESS.
NEW YORK.
Forty or Fifty Members Of the Gold
Board Reported F0iled.
FURTHER TROUBLE ApPRE.
HENDED.
Injunction Against the President
OF the Gold Room.
Gold Sales nj $50 ioI32.

Journed at 1920 this forenoon till half past -
The Tribune says the prolonged delay in the
adjustment of accounts at the Gold Exchange
Bank continues to embarrass business and
Keep up the painful suspense. It is believed
that some forty or fifty members of the board
have failed, but no one can say, and with the
| jugglery going on in accounts it is impossible
to tell, until the balances are exposed to view
who is solvent and who is not. The feeling
| against the Gold Exchange Bank is Justly
| deeper than at any previous time, and the gen
eral uncertainty in Wall street continues with
an expec :at'on on the part of many that there
are still troubled times ahead Of us.
The firms of G. A. Meigs & Son, and Fuller.
Treat & Co., were announced as failed at the
Stock Board this morning
The government gold sale is postponed until
tomorrow by order of Secretary Boutwell,.
The failure of Sloane s. Co. is announced in
the Stock Exchange. There are rumors of
quite number more failures, among them
that of Lockwood & Co.
Inc telegram says at ten O'Clock the gold
board met when the chairman of the commit
tee appointed appointed last evening to make
Fridays clearances reported progress in re-
sDect to the work in hand. He stated that so
far everything has advanced satisfactorily
that nearly all the statements were in and
that without speaking in too strong terms of
confidence of the result, he could say that
there was every prospect of the conclusion of
the work in the course Of the day. What was
required to expedite the work was PROMPT
cooperation on the part of the members of the
board sending in their statements. 1t rested
with them to extend this. and the committee
would spare no effort in doing the work that
remains for them and bringing the officers of
the Gold Exchange to satisfactory settlement.
He was followed by gentleman who stated
that only ~ statements yet remained to be
sent in. The board then took recess to 10
o'clock, unless called together previously by
the chair. Being still in executive session, all
dealing between, members continues stopped.
Pursuant to resolution adopted yesterday
afternoon, the National Stock Exchange was
thrown open to dealers in gold, The first
transaction was the sale of $4,000 at 1.3O IL,
after which the price fell off to L. 80; recover
ing later to 1.31; subsequent sales occurred of
$4,000 at 1.31 1-s, $150,OOO at 1.31, 10000 at
1.31 s, and of $4,000 at 1872 The Gold Ex-
change Bank is reported as having this morn
ing notified the Bank Clearing House that
they would not clear to-day but that all checks
held by other banks upon them would be paid
over the counter.
New York, Sept. 9-Evening. The stormy
debate in the cold room alternates with the
markabIe depression and buOyancy on the Stock
Exchange. The stock failures and receiver
ships and injunctions form group of events
which make the day without an equal in the
annals of Wall street. APP M the Gold
Exchange met in continuation of its executive
session. A report was received from the COM
mittee of twenty, to the effect that statements
had been received from all the dealers except
Smith, Gould and Martin, and that the lack of
their sta tement rendered impossible the COM
pletion Of the clearings. After heated discus
sion the matter was referred back to the COM
mittee, with instructions to make up o state.
ment from the tickets sent to dealers by Smith,
g. uld, Martin & Co., and report what in their
view is the best course to be taken under the
circumstances. The members of the commit
tee stated that so far as could be judged the
Room stOod-''short," upwards of G, O0O, OO0, 900
dollars. A suggestion that Smith, Gould &
Martin were willing to supply this gold at 135
cash, was warmly canvassed, and there was q
general disinclination to accept the proposition.
Smith, Gould & Martin have sued out an in
junction against the president of the gold
room, restraining him from selling any gold on
their accounts. At 8: 45 the Gold room again
went into executive session, and the commit
tee of twenty made the following report: The
committee report: "We have placed the MAX
ing up of Smith, Gould, Martin & Co.'s state
ments in the hands of competent accountants ,
and that we find it impossible to make a clear
ance, by reason of the absence of Smith Gould,
Martin & Co.'S authoritative statement. That
we cannot recommend any plan for future &C
ton, except trading Exclearing House.
That we beg to be discharged after returning
the certificates and tickets to the persons pre-
senting them" This report of the committee
of twenty was accepted.
After heated debate as TO the best course
to be pursued, on motion of Mr.. Underhill, it
was resolved that the transactions OF Friday
be settled with the ex.clearing house. The
meeting then adjourned till ten o'clock to-
morrow morning. The meeting of the joint
committee which represented the New York
Oity Bank, the Clearing House, and 1.-THE New
York Gold Exchange Bank, which was held
in the parlor of the Clearing House this morn
ing, adjourned to this P. M. At this meeting
the Gold Exchange Bank proposed to the
Clearing House Committee that the other
banks should advance 20 per cent. on $780,
900 in gold paid by the Gold Exchange Bank
yesterday and the day before on the settlemen t
of THAR indnhtaH ut tho Glaoriur
which would enable them, the Gold Exchange
Bank, to pay their entire Indebtedness The
effect of this would be the release of other Sc
curties held by the committee, and give the
Gold Exchange Bank about $500, 900 in cur
rency Several banks have agreed to furnish
the means to carry out this proposition, when
it was learned that the bank had been put in
the hands of receiver, consequently negotia-
tons were stopped. An injunction was granted
by Judge Cardoza on the application ola person
claiming to be a creditor of the bank. The ap-
plication for permanent receiver is return
able next Monday morning. In the mean time
Mr.. Augustus Brown of the law firm of Brown,
Hall and Vanderpool has been appinted tenn
porary receiver. The following resolution
was passed to-day by the New York Stock
Exchange:
Resolvsd. That tho members of the New
York Stock Exchange deal in gold in the long
room until such time as the governing COM
mittee can perfect plan for establishing q
gold room under The government of this asso-
citation.
The Stock Exchange later in the day passed
a resolution to deal in gold in the hall of the
old open board of stock brokers, dealings to
begin at 10 o'clock tomorrow. The Express,
last edition., says at is stated at this moment
that the gold room has resolved to open fol
business tomorrow; all transactions to be ex-
| clearing house." The correctness of this re-
port is questionable.
MAINE.
MATCH GAME OF BASE BALL.
Especial Dispatch by international Lne.l
| AUGUSTA, Sept. o.. A friendly match game
| of Base Ball was played in this city, this af