New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-06
THE FINANCIAL REACTION.
wAyI-sT. QUIET-sUsrERsIoN OF LARGE DRY
GOODS HoUsE-THE sOeK EXCHANGE MUSE.
a,.;n. n.;o.aJ -, C ol Oh ON Saturday no

wAyIogr ouIET-sIJsrENsIoN OF LARGE DRY
GOODS HoUsE-THE STOCK EXCHANGE MUSE.
Quiet reigned in Nall-st. OF Saturday no
features OF exciting character presenting them
selves g. G.. White, Smith & seaver, Robinson q suy'
dam. who failed dsrng the panic have resumed Dnsr
ness The committee appointed 10 Investigate tho over
drafts of E. L. Haght upon the Bank OF the Common
wealth. and OF A. d. Williams d Co. and John Bonner
upon the Bank OF North America, have examiner
number OF witnesses. aud will probably report 10 'ho
Governing Committee to-day.
The suspension of Pcakc, Opdycke & CO.. dry goous
dealers at Howard-st. and Broadway. was ahDo""0'"
The firm state that the primary cause oil tho" S"'P
sion was the failure OF their Western customers =" ~
remttances meeting OF the principal credi'olS Wa"
held and II appcared that the total Indebtedness
about g. 10000 bur their assets, 1t Is stated sH
surplus. Ii was therefore agreed th"' al -. 90
should be granted. All accounts are 10 We No. no
cash until the first OF next MONTH an" "o''' -, 80
given at 10 per cent, payable reslec'''oP -, , ~
days four months Eve months, siN months anu n'"o
,,o,h r,aLino a total of % per cent. COMMITTEE
rrrosenting the creditors formed ~ an ADVISORY
committee TO act all questions thaI hHy arse III tuo
oure NJ the settlement Of Affairs Inc members OF tue
Arm "a well as the creditors present wero conndent
ht these measures would enable the firm to make full
navment Of its Indebtedness and to resume Its former
position in very brief time.
The Cearing house Loan COMMITTEE have issned no.
tce calling In the temporary certificates 22O00O or
which have already been Cancelled. ihe weekly BANK
statement Will De Issued until they all IL. Legal
tenders selling NJ about per cent and there n
apparent dow this way
The following parody on "The ChaIge or the blBDt
Brigade" posted on the Stock Excnange on satST-
day, and was duly appreciated ~ inc members;
CHARGE OF THE "LONG" BRIGADE
one per cent, nve per cent,
Ten per cent downward,
Into the Stock Exchange
Rushed the b hundred.
No time to reason way,
No time TO make rcplI,
Sell! Sell! the only cryl
Into the Stock Exchange
Rushed the sN hundred.
Brokers to right Of them,
Boxers to left OF them,
Brokers In front of them
Beloved and Numbered.
Bulls could not stem the tide,
Bears could not run or hlde,
Few laughed but many cnedI
Into the stock Exchange
Rushed the FIX hundred.
OH what sight was theTe
Arms lifted high in air,
Tearing each Others lEtlr-~
Outsiders wondered!
Nothing would do but SELL
Lower the market fell,
" VINO can this tempest quell Y
Half OF them Numbered.
out OF the Stock Exchange
Rushed the ak hundred.
Shut up the doors /" the cry
Stop not 10 reason why
Banks viii not certify
Some Que has blundered!
Ruined those who planned the raid
Ruined those whom fortune made,
Ruined henceforth our trade!
All have been plundeTed!
Save US from want and Care.W
Crfed the SIX hundred.
Closed were the doors that day,
Closed on that fearful fray,
Closed on that Saturday,
When some blundered.
May IL this lesson teach
60 not beyond your reachW
When all this motto preach
Friends not sundered.
Back TO the Stock Exchange
Come we six hundredl
JOHN D. WILSON.
NJ y. Stock Exchange, Oct 4, 1873.