The New York herald., 1872-11-11

1 eRlRs AND DESPAIR. as
Some men were even seen TO shed tears and one
s most tainted ss ls heard the news, new and sank
dsenp' This s no exagseration, Tor similar
sSsnes were met with at every step ONE took ,se e
crowds began % ~ shs nu%Ses and
soancins thas the hre WA was sun On the ncreass the
s sewaf PSssse sns 81 sss nOss @
renAersd inpassable so dense wa was the snS
= earn IRON rom one Ss''nsn another the latest
and most rclable information. The leather mer.
as Sosss psss 'as Barclay ana Sssey
Tes Who
not half Ti WIN Wa % Misn % @ EvsrySody seemed
think that else was eesr
70 pump his his fellow % as to what he had learned in
shat 'sastu despatch. For the frst time since the
Chicago re the restaurants and the sa.oons IN @ sne
appeared to think Of anything but the erect tne
1e "0u'o nS's rae RE MONEY MARKET
Everyone eve - Was anxious, i possible, to orestal hun
large frm In every department Of business IN the
city had one or more OF its members among the
acquaintances and this fact made the general scene
al the more exciting, the greetings and the words
spoken PIKE Were were uee nero o. ~
strangers drawn together by interests which were
not common 70 all. Although by far the larger
proportion OF the crowd were substantial business
men, there were, Of course, very large number OF
CURIOSITY MONGERS,
who had nothing better to do than to NOPE about
and listen to, without understanding the talk and
comments between the bankers, the brokers
and the commercial men generally. This class Of
persons, however, had rather . hard time Of It.
Having no real purpose In entering the crowd no
ey TO yea e~nf up no 70
70 side just as though every one else knew
they were In the way and were taking up valuable
man w fnrfu W.
bling In the balance had better right to- under the
circumstances. As the evening wore on the ex-
was at fever heat. ''' The uncertainty W everybody
seemed to be In as to whether there was any hope
citing motive; for the dispatches being constantly
received kept interested parties posted as to it's
not yet been reached were naturally in an ex-
iremey anxious mood to learn
was reasonably hopeful lt probable that these men
suffered aily as much mentally by the suspense IN
IN which they were m kept as did those who already
fruits Of a life time OF labor. About seven O'Clock
m extra appeared which stated that the fire had
bought, and feeling OF relief at the news seemed
at once to spread over the entire gathering. The
Intelligence spread like wildfire, and many whose
faces had minute before worn the appearance Of
the most intense agony became calm, and even as.
the leather, sugar and wool merchants especially,
as well as commercial men generally were on hand
IN great numbers and under the most intense ex-
THE BANKERS AND BROKERS
formed the great bnlk Of the crowd late In the
the theme with them, and those who were long Of
stocks OF course the most excited and the leastrea
control of themselves while the general excitement
was at Its highest and byIther loud talk and frantic
wherein they carried y crowd about them Of men
o. IKE character Me; AT times when two or three
STo Wa tSe Sf ga %
morrow, they were immediately surrounded by
twenty thirty OF their acquaintances who at once
way to bring out the opinions OF others who were
not shrewd enough to keep their minds TO them.
and was at once buttonholed. He looked calm and
collected and was as indifferent, to all outward ap-
oS % o 70 Ine rsa a. aoU9 a nun t Ss
hubbub was about. "What was his opinion P''
he the - Had he
questions question greeted him as he was hedged in upon
all sdes oy rur MEN or rur "s,n,rrn
Richard played his part admirably, and talked
about the disaster with GOODNESS that quite set
through him what the Commodore intended to do
to-day, If anything Finding that he was
AN UNPROFITABLE NUT TO CRACK,
they soon left the good-natured old gentleman
severely alone, and looked about for some one else
from whom they might get 2 crumb Of comfort.
going out OF the door and asked
'There VIII be q terrible time down town to-
'It Ia q fearful thing, this fire, replied the nnan
cler. shaking his head sadly. .It's one Of those
things that business men can't foresee any better
than anybody else, ana they can't stand 1t very
often. Just think oft. two such dres as that in
Chicago and Boston within ten mOnths!"
"Have you an idea that there will be crash to-
There win. of course, be great excitement; but
THERE WILL BE A PANIC"
Glow can 1t be prevented2"
"The government will have to come in and save
the business community. l understand that the
government intends to buy several millions Of dol
relief The feeling tonight as lar as can learn
since this intention Of the government was made
known, is much better than twas during the after
Shortly after ten O'Clock Judge Richardson OF the
Treasury Department. was seen entering the hotel
ana he was at once surrounded by number OF
prominent bankers who were anxious to know for
certain II the government a1, really intended to
The Judge refused to give a positive answer but
replied that Secretary Boutwell, would be at the
sub.Treasury to-day, and II he found that the de-
quired him. to do 50 he would buy
enough bonds to give at least temporary
asserted on what seemed to be good authority that
Mr.. Boutwell, will buy to-day $1o,ooO,ooO worth Of
It was made known and became came at once the theme
OF conversation on all sides, TO the utter exclusion
Of all other topics Prominent N,1tssns among
In the crowd was Henry Smith, whose operations
Of late in the street have given him wonderful
very contented with himself; in fact 1t is not
too much to say that he looked extremely
happy. OF course 1t is natural to sup
pose that Mr.. Smith felt very sorry, as all
good citizens felt over the desolation OF
Boston. AS he paced through the crowd with his
hands In his pockets, smoking fragrant Havana,
and nodding smilingy to his acquaintanccs, whom
he met at every step, broker remarked to- a
frlend:--
"What lucky dog that Smith s?'
"How soY'
"Why. he was short of stock when the Chicago
Ore occurred, and he's shnrt' now.
''Y0u don't say 80"
"Fact.n
"Wen, he'll make handsome thing out OF his
TO him sudden good luck"
"a fortune, replied the broker.
Up to long after midnight the crowds still re-
manned in and about the hotels, discussing the
financial pros and cons Of the situation, and lay