The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-10-21
LIFE IN NEW YORK.


Wall Street - Settling Day - Pleasure
Seekers Fast Lifc - The PunIe-The
Lust Thing in Mornls|The Corner
Tho Opposition Ring-Thc Confusion-
Margins-IIenvy Losses.
The following very interesting letter, dated
October l6, is from the New York corrcspon-
dent Of the Baltimore Gazette:
New York is weary. Wall street is as sad
ns III were in sackcloth and ashes, and the
settling day, which has come, has been to
many much more rucitll affair than was tho
n,duOais quart d'heure to souless Ra5elais.
Unfortunately, il IL not yet over Dny after
day some bold struggler tosscs mp tho sponge,
willie for weeks to como there will be not a
few more who Will be forced to sliccumb to
street Is dull and Respondent, and the only in
terest which Is manifested Is the feycrisli cX-
citemcnt OF some unfortunate stock gambler
whose last margin sup,and whose fate depends
IL was funny thing TO sec the tclegraphic
office ut Jerome Park, directly under the
grand stand, and IT gave one curious idea of
New Yorker'B pleasure, to watch the little
yellow envelopes which were now and then
handed In and passed round, in the sacred pre-
Cincts, and even on the quarter stretch or at
The n,eu very door Of the judges stand, for Mr..
Underwood cry out snow for Nemesis y Won
might see q portly looking gentleman with
swell necktie, In ill-assorted keeping with his
eareworn car face, stamping slip Of paper under
his heel and hear him mutter ''Pacifc, siXty.p
That was his Nemesis There was n pool
there, bigger and blacker than any DR.. I'm
amusement for this pleasure-seekeE> There
was no favorite for him either on the field or
on the benches, and the. only consolation he
got, even ven from rom his dearest friend, was the re-
mark that Pacific wasn't even worth sixty.
as there was no stock that could POSSIBLY
show value OF twelve millions.n
Yet this is Ney York life. SOfy course there
New York But they do their % galloTppipg TGSints on IN
the side tracks. The men of New York; who
make the New York world, are the Wall street
STOCK brokers and money dealers, newspaper
men, manufacturers Of patent medicines, he
roes OF successful railroad combinations, and
occasionally q menagerie man, like Fisk, who
prefers .ringm, to circus. How could 1t
Dc otherwise What man In this country can
expect to inherit property enough, to live at
tho rate fast New York lives at 7 How many
bic and legitimate business can hope to
them to rival tSe iayisn S espendtre @ ehspts hepe
that is fast approaching that Of the days
OF avd decaying and luSnrious Sus Ronie No one
fish, nor do they cut aqueducts through
mountains for tho purpose of s,lpplyinr o
pond, where they. occasionally fatten their
pets on human flesh. But there are men who
have given entertainments which cost ten
thousand dollars, and 1t was only short time
ago that q broker, who had 'snadc q turn"
sent ms check for $4,000, in bouquet, to a
tTactcd his attention On the boards ot at Nbos 8
Such men are proud Of. all this, and naturally.
At is glory for them to feel that they are self
made, and they know that / is not every one,
to measure with yard sticks, and to pick bones
IN tho scullery, who can throw aside tho tram
mels Of early education, bargain for millions,
ral Grant, Secretary Boutwell, e and % others no Of
the elite Of this great country. s5.E %
The last panic has only had tho tendency of
te fhs blekeDa eonSn S tDs Many
est gentlemen, combining their operations to
legitimate business, have been ruined Though
sun DONG business, their means arc 80 limited
dertake largo orders. They are rather under
cloud. The inscriptions gamblers, who
have'worked their ruin, are tho heroes OF the
day. Instead of being driven from the street,
only feeling manifested is q desire TO get a
finger In the next little pie. This Is about the
tone Of the monIed society of the country In
general, as well as Of, Now York in particular.
be tolt. nv" Hoo
The last awful "corner,nt aIid tho terrific
panic which ensued, afford very lively Illus
grand combination. Fisk and Smith. Gond a
Martin, who were the two most prominent
parties, determined to lay a little tran and to
gEbeI Srb,1g lSr grana eop Thc services
dent, very quiet, shrewd and pious old gen
teman, who married bis wife, q few years ago.
on spec, for the benefit of her "innuentiai con
neeuon," almost "nnsight seem" and has
Dan Butterfield;t the tgoVernineit financial
afsa afgen,, +. In New York, II is asserted, was
aso M !ist INTO the secret-for reasons no doubt.
the Fisk.ai agent. Who else l went Il in. IFS ia
not positively known, but two more gentle.
anan Msn, nom1aing m very high official pSs.tlcns, are
Mhen the team was all ready, start was made.
Goid was bought up quietly until one hundred
ana ten millions had been actually bought and
IpaHan pIlo lot, or Dargained for AS fast as 1t was
VINO were selling freely, and thus the amount
OF the purchases made by the clique were
neither known nor felt. AS there were only
seventeen ss millions Of loose gold in New York,
the corner was considereda certain one. and
When the trnps were oil laid for certain strong
partlcs, and the plans matured, gold was called
ID, IN ana, & as It became scarce, the price was run
assurances they had, they felt that they had
Inc power to pnt tho price where they Chose.
ING only question was how much tho different
e,,s Drokers, VINO had contracted to deliver coin,
could pay differences, being solvent If
forced loo hard, they would break and pay
Hothln3. But just as they were glorying in
their imaginary. millions their crockery fell to
inc ground, and they found their dreams as
valn tna ~ as those OF the sanguIne Alnaschar. Not
anaL they kicked over their basketthemselves-
Inem: mem Un the morning of that oventfiii black
Friday, the news was circulated that jaw Cookc.
C1., Duncan Sherman Il Co., and other lead.
ring had pledged to General Grant two to
ono In foreign securities in London, for gold
enough to knock tho market, save the ceun-
lHy ana defeat PendlctOn and Packer at tho
deed for the President of these United
states to be lending government gold for
Wall street gambling operations, and TO agree