The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-09-25

affairs in the chief monetary metropolis of |
the country we have cullcd from various
sources the most interesting and important |
intelligence to lay before our readers this |
morning.
SCENES Al THE GOLD EXCHANGE.
The crowd at the doors Of the Gold Ex- |
change on Tuesday morning was much |
larger than usual, but the members evil |
dcuccd very little Impotence orcNcitcmcnt, !
and the opening of the doors nj 10 o'clock !
was not announced by the usual rush. The
crowd formed into line and walked leisure
" into the room, where they ilocked in
front of the chairman's desk and waited
for the presidents opening remarks. The
president was standing, gavcl in hand. ut
his desk, and after few preliminary rars
Of the hammer he spoke as fc lows:
THE PRESIDENTS SPEECH.
Gentlemen The power is vested in the
executive committee TO close the Exchange
at any time, rs you know. We do not
think it necessary to do SO to-day, and
ask you TO please refrain from undue cx-
element in your business If we should
find it necessary to close, and that will de-
pend upon YOU, We shall take the prerog-
alive and do so. ICres of "Do so. "''G )od
enough" Therefore we look to you to
make such trade rs will tend 90 allay the
excitement and not increase IT,
The conclusion of these remarks was
hailed by cries of Bravo" and hurrah
that made the room rcsound Immediately
at the close of the speech, selling COM
menced in terrible earnest, and il seemed
as though the vim and spirit that had been
shut off for two days escaped with ten fold
interest, A noticeable feature was the
JEWISH BnoKERs
who had been off the field on account of
their New Years holiday. 1t was inter-
esting to note the manner of conducting
business by the outside board of brokers
crying stocks in the street Tuesday after
noon. A man would shou; that he wanted
Il specified number Of shares Of q stock,
but would receive no answer. Soon he
would cease his cries and quietly walk up
q side street. This was in accordance with
hint given by tug at his coat tail by the
broker who wished 10 sell 1t is in this
manner that members of the Exchange
managed to eyade the rule compelling them
to refrain from all transactions during the
period the Exchange is closed. Come
round to the office" The hint was taken,
and in the private room Of more than one
Office sccuritic, were changing hands as
they were wont TO do in ordinary times in
the public exchange.
Mr.. McCulloch. of the London firm of
Jay Cooke, McCulloch & Co., was found,
Tuesday morning, in the Office of Jay
Cooke & Co., in private conference with
Mr.. F. o. French, who has been appointed
by the London firm as their attorney, in
fact, to represent their interests in New
York pending the settlement of the firm.
Mr.. McCulloch declined to express himself
upon the condition of the New York house,
on the ground that upon his arrival on
Monday afternoon, he was so worn down
with the effects of his sea voyage that he
had been unable as yet to investigate the
causes of the suspension. \ private dis
patch received from London says: "Mcssrs
Jay Cooke, Mccullough & Co.. are
throwing out The drafts drawn by
JAY Cooke & Co., which have
come to hand since the news OF
the suspension was received" II l.. Cut
ting, Jr., one of the governing committee
of the Stock Exchange, said Il rather
think the Stock Exchange will remain
closed for Il week, perhaps more. Indeed
| hope so. That will give the banks ;
chance to get strong again, when business
will continue smoothly and calmly.
THE PRICE OF BONDS.
A gentleman, as he assembled the steps o.
the Sub-Treasury, was accosted with tn,
:, question whether he had any bonds to sell
and was offered a price for them slight,
in excess Of that paid by the Assistant
Treasurer
Forty-fve hundred shares OF Rock Is
land have been transferred on the books o
Il the company since Tuesday morning in tn,
> names of small investors, in lots rangin!
+, from 10 to 100 shares. In regard to the ri
NOR that the stockholders of the Bank o
the Commonwealth had proposed to lif
that institution out of its difficulties, tn
cashier said The rumor is true. TIL,
u stockholders have proposed to come to on
u rescue, and we haye so far accepted thei
= offer as to ask them to wait until we ar
able to make out Il statement, which Wi
u be in a day or so. We are hard at wor
. on it now"
u iNDIGSATioS
u was expressed on Tuesday over II rcportc
u saying of Secretary Richardson that it wa
u a Wall street furry, got up by a set @
y spectators, and that the Treasury mus
z look out for itself Among those waitin
to draw their deposits from the Bleccke
: Street Savings Bank to-day were a arg
q lot Of
II ORGAN GRINDERS,
: Many of them are ragged and apparent
f poverty stricken, but they draw OF
C amounts of money ranging from $50 (
f $500.
= ANXIETY AMONG TIE MERCHANTs
i The three New York commercial ager
N'S "ii uhit' III Saying 'idt INV itcllil
II among the mercantile men of the cOuntr
i in regard to the Wall street troubles is on
n of universal anxiety and apprehension
d They are now constantly in receipt of lie
'c tiers from the most remote sections of I'll
It country, all anxiously inquirng the cond
&c ton of affairs and the prospect for the f,
&c ture. Country banks hesitate about senC
J. ing money to New York for fear the hous
4. to which they send may be in trouble, an
|. that they may in consequence lose the
o money.
ID A very large amount of notes given b
y country merchants to the jobbers and me