Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-10-13
NEW YORK.


wall Street Bears Breaking Loose
NEw YORK, Oct. 12.-Wall street il
slightly disturbed by piece of GOSSIP
which, If true, must exercise some infu
ence on values. The story runs that q
prom nent Broad street bear on the stocks,
and German banking firm, are to make
an important demonstration in the gOlC
room tomorrow in the shape of lock Up
of cash gold. 1t is stated the Broad
street bear was short of six millions dol
lars gold, which he borrowed on time tC
make deliveries, hut that he has bought
back three million dollars of his shOr
gold, which he is lending from day &c
day. The German banking firm is re
ported long OF gold. The object of the
Broad street bear is supposed to be TO ge
up the price for the purpose OF
selling more, as well as TO adversely affect
the bull circulation on the stock exchange
and increase activity in money. The OBJ
ject of the German is TO unload their long
gold.
1t is stated that the Canada banks,
which have great bulk Of floating gold,
have refused to enter into the scheme, but
they will probably accept higher rates fol-
the use of gold in the loan market. The
gold now held by the New York city
banks is $l2, 597, GAL, against $2l, SIS, 52t
last year. These figures show how easy
9 squeeze il cash gold could be made
by few individuals.
Getting Ready for the Coming
Election.
New York, Oct. 12.-RumoTs say the
Tammany slate for municipal elections
is arranged, and includes the name OF
Sheriff O,BTien, recent leader of the
young men, for Mayor. 1t is also re
ported that United States Marshal Sharpe
is making preparations for enforcing the
law against fraudulent voting, enacted By
the last Congress, at the State election IL
November, and that marines will be en-
ployed as at Philadelphia yesterday.
Officious Officials i'm n Hornet Nest
United States District Attorney Davi!
Yesterday gave orders that the owner Of
the steamer Hornet might continue fitting
her out for the merchant service, as 3 wa
alleged he was doing when the SECURE
was made, and the trial trip which th,
vessel was prevented from making nigh
be made, provided the United State
marshals and their assistants were OF
boad.
Under the ruling of the United States
Supreme Court, in the case of Harmony
against Mitchell, 1t is asserted that Distric
Attorney Davis or some United State
officials can be held personally responsible
for the damage resulting from the seizure
Important Decision.
Judge Barnard to-day decided that {
mortgage made in 1858 and renewed il
1866 must be paid in gold, as a renewal is
not equivalent to new contract nor com
ing within the provisions of the legal
tender act.
Judge Barnard also decided the bequest
by the late Elizabeth Ludlow of $25, 900
10 found a professorship in the Episcopal
Theological Seminary of this city to be
void in consequence of payments during
her life.
Social Equality.
There was a meeting of negroes in ont
of the rooms Of the Cooper Institute las
night to consider the subject of their eX
clusIon from hotel tables, sleeping CA
berths, steamboat staterooms, theater par
quotes, and seats in first class liquor sa
looms and other choice places frequenteC
by white people. Speeches were mad'
denouncing the spirit of caste, and reso
lutlons were passed calling on Congress q
enact laws to enforce social equality be
tween the races.
Hoffman Relies on His Record.
ALBANY, Oct. 12.-Gov. Hoffman de
clines a political discussion with Gen
Woodford during the canvass in thi
State, with the remark that the publ,
have in his official acts and messages tho
material on which to form judgment o
his administration, and do not expect 0
desire him TO leave the Executive chat
for such a purpose. Should he speak a
all it VIII be at the request of his fellow
citizens at such time and place as may
convenient to them and him.