The Portland daily press., 1871-06-27

"BLAoK FRIDAY, IRA correspondent in
New York gives some matters of interest rela-
tive to the operations in Wall street last We'd
nesday. Ofthe actors and the result he says:
For the sufferers in Wednesdays affair or
before but little sympathy is expressed. Mr.
Woodward, the chief of the clique, kept him.
self secluded from the scene of his disaster, ard
remained the next day at his elegant residence
on Clinton avenue, the finest and most rash
ionable 10 Brooklyn. He is a prominent mem
Der OF st. James Episcopal church OF that city,
and, 1t Is said has paid in iull principal ard
interest, all losses which has heretofore incur
red and they have not been few nor small-ia
Wall street 1t will hardly be possible for him
to make equal reparatior for Wednesdays dis
aster and with his tools aud subordinate con.
spirators, he will doubtless appear again on
the speculative arena, uajcathed aud unabas!-
ed. Young Fanshawe, who rupture a blood
vessel during the terrible excitement of TueS-
day, still fingers IL a precarious condition,
though hopes are entertained OF his It covery.
He was one o the boldest of the young speeu-
lators popular with his associates and general
ly successful, so much so that his living ex-
penses said to have been at the rate Gi u
hundred thousand a year Desperate ami Vio-
| lent as this experience has been, however, the
| old heads of Wall street say that it is as heal
| thy as it was natural and inevitable
In one of the principal banking houses OF
! the city i saw yesterday careful estimate
| that not less than one hundred and twenty
| millions of dollars will be paid as interest and
dividends on government, srallroad, bank,
| insurance and other securities within the next
| three weeks, and the financial problem il what
to do with it? Probably but little will be rein
vested in government bonds at the present low
| rates of interest. and though there are abun-
dant ether opportunities, it eau hardly be
| doubted that the spirit of speculation VIII De
| encouraged and stimulated by the large means
| at its command, to new and more extensive
demonstrations. Stocks, every one knows,
| are too high now for safe vestments, there
fore the money must be put to baser uses and
quicker returns.
| DEATH OF COMMODORE BLAKE-Commo-
dore George S. Blake died.suddeny at Brook
line, Mass, last Saturday at the age of about
| 20 years. He was son of Hon. Francis Blake
of Worcester, and was born about the begin
ming of the present century. He entered the
navy April 23d, 1918, and returned from his
last cruise in June. 1862. He was created Gem
modOre in July of the same year; and was
placed on the retired list in March, 1864, bav.
ing then been forty-fve years in the service
and having also attained 81 years, the limit al
lowed by law for active service in the navy
During portion of his active service he was il
command of the Naval Academy at Annapolis
and on the Coast Survey. Since his retire
ment he has been on lighthouse duty, from
which he was relieved last year. The CommO
dore was in Boston on Saturday, and was pros
trated by an apoplectic attack about noon.-
He was conveyed to his home at Longwood
where he died in an hour or two.
| GoDEY's LADYs Book, at "forty-twO" is IA
more beautiful and attractive than when in it,
"teens.' The July number has an eDgravins
entitled "The Music Lesson" and fashion
plate containing every variety of dresses, col
cred in good style. 1t also has an unusua
number of designs on the extension sheet
The slipper pattern is elegant. There are sew
eral first rate stories, one of which is by Mar
ion Harland, besides large amount of mis-
celapeons reading.