The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-03-09
WNINo or A GOLDEN ACE.
Fcsrfui Excitement In the Gold Room
The Death struggle OF the Buiis-The
Triumph OF the People-spccie Payment
In New York.


Triumph OF the People-spccie Payment
In New York.
The Gold Board was all life yesterday. The
solitary goldfish which deposits itself 10 the waters
surrounding the central fountain was shocked out OF
his usual tranquil propriety and whom the yell OF
hundred voices announced that gold had gone below
II. was seen TO leap from the water, and
utter triumphant croak. For over eight years has
this veteran Inhabited his parents quarters. and
during that whole time he never saw q more dsor.
derly scene, or heard more uneartbly tumult On
every side the wrangiing and yelling and screaming
were kept up uninterruptedly all day.
While gold stood at 1i2x things were compars-
lively quiet; but after the opening panic set
In, and the faithful indicator was hard put to It for
two or three hour. 70 keep pace with the variations.
From l2H TO IL was but step, and here there was
aslisht halt, succeeded by rally to isH9i2k
AT noon 10 was again reached, and at ~ i9 the
fought hard, but the fortunes Of war were sganst
them. Gold was evidently sinking Of its own
ple Tor specie payments had at last fright.
s1sa SSsyy Rods5 And the to sell
"1l07s" This decline was caused by the receipt OF
despatch from Washington relative to bill which
(the despatch saidl was shortly to be introduced
INTO Congress, making customs payable half In gold
At the heels. OF this eamc another despatch rcla
gold Bet hsyy es o prsun sTTPGa
wtted TO 1917. But shortly afterward, ns though
the people in Washington had satisfied them.
selves with the decline, came still another
telegram hcraldng the proposed currency expan.
sion OF S5l,WO,0oO Here was erumb Of comfort
for the bulls, who managed to run the price up to
NY, at which II remained until $50, when lots
were sold at lllx. M6P p. NJ. sales were made at
iilAGlllh.
Tie Register Of the Gold Board, Mr.. Mesero,e.
was In lather OF perspiration. Every minute he
recorded q change In his book, telegraphed to the
indicators. and between times answered questions
innumerable. The variations actually recorded
numbered ia more than even on Black Friday.
The gallery was crowded, the surging mass seem.
ing to be quite as excited as those below or course
so much excitement must have vent, so the out
siders resumed the old practice OF betting the In
dicator.
Other part Of Wall street were comparatively
dull, with, perhaps. the exception of those liquor
saloons which have inaugurated the custom OF Civ
ing specie In change, thus, as 1t were, discounting
the future. Their trade was especially lively
Our reporter, anxious to learn how men who have
heretofore complained that their business poor
and their licenses too large could AFFORD TO pay out
for greenbacks solid silver, whose premium the
street could not be less than eight or nine
per cent. BY dealer he was told that the silver
was actually purchased at tnat price, but promi.
nent broker had another solution OF the mystery.
lie said that In Canada American silver Is now sell.
ing at discount and that within e days It will
be placed by law at a discount OF twenty per cent
Al this rate, With gold at I'LL dealers can actual.
| IL mako a profit on silver