The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1873-09-25

p&pGIS WHICH IuGN ECaa OS InG way
Everywhere the terrible financial crash
of the day previous was discussed, and
the stoutest hearted of these men OF
the street were unnerYed and appre-
hensive of what another day might
bring forth. Broad and Wall streets
were gloomy at O'Clock. It was
raining, and many said: "This will
surely be another Black Friday" Few
people were in the streets in that
neighborhood at that time, but many
were IN their offices buried deep in
their own affairs and waiting for the
commencement of active operations
in the Stock Exchange and Gold
Room. as early as half past nine q
crowd of brokers had already assem-
blsd in front of the Stock Exchange.
Few carried umbrellas, preferring to
have the use OF their hands to add
emphasis to their words Some wore
rubber oVercoats and looked like
milkmen on a spree. Others had thin
coats and old hats, and were without
shirt collars, giving them the appear
ance of parties who had neglected
their business for some time and who
dreaded their employers wrath if
they returned to work. Occasionally
q OA6uAOAO blAA A4CSl ~AAOAA eAS SAAAA
bosom or finger of some one in the
corners of the entrance to the building
and q white neektie was seen. All
were nervous and figety, and mani
tested their impatience to- know the
worst. aTa rte.
The quick-footed messenger boys
seemed to share the feeling, and
lounged around in listless way. The
rain poured down, but this did not
move the throng which waited the
opening of the great doors. 4-t
At length the doors were swung
open and the crowd surged in. The
Wide-a-Wake doorkeepers kept a sharp
lookout that none but those who had
a right to be there entered. The
drenched men were soon on the floor
where SO many fortunes have been
made aud lost, yelling. at the top of
their voices, and frig hteHing the fash
ionably dressed ladies and gentlemen
who looked down on them from the
gallery. The brokers ran against
each other in their madness and
seemed about to come to blows; but
they. always held tight to their mem
orandum books and pencils, and
dashed on, seemingly looking for
something or somebody they could
not find. Hardly had the presiding
officer taken his seat before the gavel
sounded and the brokers looked
towards the rostrurn and saw the
troubled countenance Of their Chair
man and letter which he held before
him. Their screams ceased for mo-
ment and then they heard that w White,
Defreits s. Rathb1rne had suspended.
There was a prolonged 'tOh!' and
then q scramble to the center of the
room, where the Yelling was resumed
in small knots they began
to buy ana sell again, but before many
moments had elapsed they were sum-
moAed once more to listen to their
chatham, and this time to hear read
Mr.. George Opdvke's Denial of the
suspension of his frrn.4 The
room rang with cheers. Hats were
thrown in the air and general good
feeling prevailed. In all kinds of
stocks at the opening there was a de-
cline. Shortly afterWords prices raj.
lied and then fell, and the fight Waxed
hot and fierce. Early inqufries" were
made with regard to the London mar
ket, as It was thought that this would
afford as.key to the course of affairs
here. Cable dispatches reported edAmer-
icah securities extremely active, and
the new tWenties fiuctuating Wild
ly. Rumors of all kinds were afoat
and every body was. shaky, Many
said 1t was the time to buy bonds and
pack them away in trunks until some
future time, when fortune might be |
realized out of them. But the major
ity said, eve want MONEY hard cash /
-and will let the bonds CO. Rail- |
roads are uncertain" A few young |
brokers outside the railing tried to |
smile and said: t'It's bad day for |
big fish. We're not IN this, thank |
God" Transactions Under the rule |
were the order of the morning. At
eleven o'clock Pacific Mail sold G at
32115 Lake Shore, 80; Northw estern,
tfs;i Rock Island, 90; Western Union,
591S st. Paul, 35 !; Union Pacific, Is /;
@. C. and ]. c., 20;s Ohio, 2924; Wa
bash, A : Harlem, ia ; Panama, 100 !
Central 81; Erie, So; Hannibal and
St. Joseph, SO. Brokers wondered
whether stocks would cease going |
Down and seemed to. feel in duty
bound to make more noise than ever.
About eleven o'clock they were check
I'd in their rawlings by the beating; of /
he gavel, and with couhtenances eov-
BRED with perspieation they moved
'apidly towards the rostrum saying: /
Here's anothef,2l ~ .3t55S1 ylii l'lea
ANN NopNoEFlAIIEANT FlI n OF F5fA15LfqR1fsi q as
g llVice-P reside ent Mitchell read a note
rom Eugene j., jackson, sofsthe late
irm of lPolhemus &sJackson, who de-
,laredsiis inability to meet his obIi- /
yationsa8 With woebegone looks the
turned to start theldin anew,
put scarcely had one yells escaped
hem heforebhe gayelo fellIagainf and
he ACKNOWLEDGEMENT of the failure gof
Fisk S Hatch WAS made. This fell
ike a@thunderbolt among the brokers,
many of whom made hasteto getinto
he street and asto niBh tlaeaidle there
with fthe9 news i Con Bfusion3 reigned
on the floor. Some threw +
1fr their hats and ran bareheaded
lround the rOomj yellihg like Conan
,he Indians. The n1essehg gers shouted I
m vain tor bfokersWhom they wished
10 see, and some of the ladies lin the
gallery put their fingers in their ears.
0ne terribly excited snEalllsized man
with big bank book in one hand aud
ais hat in the other ran in and began
to- scream something Ethat sounded
very much like Help me, Smith, h,abut
il was learned that he was
calling for j. P!JSmith. iBd ytJi3as |
About this time the announcements
of failures were made so rapidly that
the brokers had little timeto snarl and
shake their fists At each other. Whit
temore 81 Anderson, Beers g Edward,
Thomas Reed Il Co... w. H. Warren T
s. Co., Geo. sB! Alley, and GreenIeaf,
Norris & CO., were read off as among
the departed, and the excitement was
intense. Brokers were at q loss what
ID do, when the Vice. Presid dent, Moses
H. Wheelock, with the grace of a
Chesterfield, sbo wed to them and calm
" taxing his seat began to read THE
Sun, but just then the bulls and bears
set up a great shout ga 9sa7es>ia
Some were satisfied that the whole,
street had gone, and said. SO in tones
that might have been heard sonIe dis