Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1869-09-30


blcr- in New York the last Of last week |
was unprecedented. Gold went up |
from 1874 to 1862. The feeling among the
gamblers Of Wall Street must have been |
intense: and ii Is to be hoped a good |
share Of those engaged in the operations |
got badly bit. aud no matter even so
badly that Il will ruin them financially. |
We give an account Of affairs from the
Evening Post.
The Excitement in CODA Vivid De-
scription Of the Panic in Wall ST.
New York. Sept. pa .j0r.
An evening paper saws: Another
field on the gold room this time not on
~ without precedent in the history of
the Gold Room. bu, far beyond any,
thing In the memory of the oldest opcr-
ators in Wall street. The scenes and in
cidcnts of the morning are almost indie
scribablc and must ever remain fresh
in the minds of those who witnessed
them. The public were prepared for an
| excitement to-day. and Mt an early hour
IL was completely blocked up with anx-
ious crowds. Windows ofbuildings on.
po-ite the Gold Room were also filled
with spectators. and casual Observers
would be led tn suppose from general
appearance that q procession was about
Ia pass, or that great performance of
some kind was expected. The room
it-elf and its galleries were crowded a.
well as all passagc-wavs. The market
finally opened and gold sold at las.
This was the first event in the history
I lx.a a. l.. Il
The next sale was at IA IL. then iii
was again reached. At this juncturr
the excitement fairly eliminated aud
the price rose IN lif. then 10 III. i4~-
when II suddenly fell back Ia llG I-2.
but the next instant Wa M Ia l5n l-2
The next step was decline to $50.
where IL remained come time. aud cy-
ervbody stopped to take breath. and the
crowd were AT rest: \ icaih-likc still-
ness pcryadcd the room. and the Bears.
who were being slaughtered irighifullv
in pccuniar, point Of view. looked on
the scene with pale aud anxious iaccs-
AZ this crisis Wall aud Broad streets
presented lively appearance. with the
Brokers and clerk running Ia All Ill
rccti"n- and cndeavorng Ca collect
margins Ia make gold NJ tn mari 81
the room aud await the next -lip III
ihl~ great gold speculation.
The crowd did not have long To wait.
for in rushed prominen, Banker. and
taking position Ia the circle. he bill
l5a, then - -. III. Ill -. IT,. ~
-. ld3. lii IL. liI. Isl i-2.-IIr final
~ stopped ut i5j No, one dollar OF
gold -old ut any oi the above figures -
There was another pause aud another
running for margins. Some few Of the
Bears settled with the Bulls at thi. iunc.
turc, a, prices ranging from It's la lJs,
hut the prominent Bears generally re-
fused to settle. A. soon a. margin,
were made up To l5i. aud the Big Bear.
were still stubborn. the screws wcr,
put to the market once morc-ln rush.
ed a prominent broker. aud in an in.
slant he bid 100 for any part Of .npn .nno
Another calm. which was succeeded b,
the appearance in force In the room 81
foreign bankers. who threw Con-idcra
bic gold on The market, causing tn,
, price {" break from l6i tn lS9 IS Tn.
excitement AZ this iuncturc WA. OF IN,
widest description. !, being reportc,
that SECRETARY Boutwell, would sci
si.Do.vr gold to morrow anil slepp
90 next dsy. This triumph Of IN,
Bears was not of long duration. fpr III,
Bulls rushed nadlv 10 the rescue an.
Immediately jumped the price NJ agar
{" i6" a, this iuncturc the Bear. re
turned Ia the attack. aud the conies
/, was very bitter for short time. but III,
Bull army was forced hack again and
the price tumbled Ia l35. Tn Bear
fraternity could not be restrained a
this point. and cheer after cheer wen
NJ ~ The room on New street. sud
denly The Bull generals rallied thci
, forces. and up went the price. and cheer
were soon on the other side III Ia,
hon-c. Excitement ran ~ high tina
some Of the Bear threatened To- shoe
the leading brokers on the Bull side r.
One OF these brokers then stepped for
ward and dared any one to shoot him
i None Of the Bear. accepted the invita-
! ton, however. aud this excitement Ia,
Vscarcely died ont before in rushed thu
Bears once more. Another attack wa,
made on the market. and down wen
, tho price 10 l3i. but il rallied t. l.;6 I-2
, aud then settled down again e. 1874
f3i i-2