The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1870-11-17
LETTER FROM NEW JERSEY.
NEWARK. Nov. 9th, 1870.

.A'h NEWARK, Nov. 9th, 1870.
EDITOR TELEGRAPH: s1g
Some time ago when had the pleasure
of living in your most beautiful city,
remember, when gold was fuctuating
from one high price to another. and the
papers were devoted to the "Great
excitement in Wall Street." had q very
vague idea of the corporations of those
New York spectators; and knew little
of the tactics employed in the war be-
tween the Bulls and he Bears. And /
remember how these spectators were de-
nounced by the press and the pulpit, as
enormous gamblers, but do not remeln-
Der of reading why these men were SO
justly labeled as such, or any account Of
their proceedings from which | could
arrive at that conclusion. / have pre-
sumed that many of oul readers would be
interested in what is going on in Wall
street, N. Y, and the manner in which
things are conducted there.
= Reaching Broadway and passing down
until we arrive under tbs Trinity Churn
steeple-the highest structure in the
United States-we. turn to the left into
Wall Ss.--a very narrow passage, walled
up on either side by tall magnificent stone
buildings, in which is secured in impenc-
trable vaults the greater part Of the
wealth of New York. 1t has a gradual
descent, and at about 10 O'clock is
,thronged with crowd rushing wildly by
in either direction, caring little in their
eagerness whether on the walk or among
the wagons. Turning into the first street
on the right, not far from Wall St. we
srrive at the back entrance of the
NEW YORK STOCK EXCHANGE
but as the subject under consideration is
the Gold Room, we pass on to the next
building. The larger by far If these two
buildings, however, is the Stock Ex-
change; extending through the block,
where it has its front entrance on Broad
st. and taking another direction through
the block 1t has another entrance, open
only to members of the Exchange, on
Wall St. 1t is as you may see large
room, opening on three streets, but by no
means to be compared in size to many
Others in the city 8g
FHE GOLD EXCHANGE 2uj
is on the second floor of large stone
building, the ground floor of which is a
few feet below the walk To this there
are two entrances, attained by short
flight of iron steps from the street. The
one nearest to Wall St. and Immediately
adjacent to the Stock Exchange, is adj
only to members of the Gold
Board. They are furnished with tickets,
without the possession of which no one is
allowed thepriyilege of buying or SELL
ing. 5A .'N.5ests sao. 'q.as1 7e 4
Opposite to this entrance is another,
q
by the other Digit of steps
which opens into the Gold room; and
also an entrance to the gallery to which
any one is admitted Ascending the
much worn gallery stairs, i reached low
semi clrclar balcony, extending around
the southern end of the room, and look
ing over the railing saw the bulls and
bears-moTe like wolves in desperate
contest. The room is nearly square and
lighted by large windows on either side. |
1t had originally been painted white but
with the pencil marks on the ground
glass win lows, and the dust on the
and ceiling, it now has the
of cleanliness like that of a
bar room. The peneilings are interesting
to read, for instance ON one of the win
dow panes was written: 81 will bet $40. |
gold will be 100 before it is lis. June
goth 1870" In the centre of the room is
q small fountain, in stone basin ten feet
in diameter, enclosed by bronzed iron
railing. This fountain being consider
ably below the level OF the entrance, cir
cular steps or platforms ascend from it
like the waves caused by pebble
dropped into pond. Around the largest
platformlnear the door is an iron fence;
and on the sides Of the rooms are Tele-
graph Offices. At the end opposite the
public gallery is, I raised platform over
the door, where are all the daily papers
kept On file On the side Of the room