The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-20

effects That part of Wall street at the corner OF
Broad was the chief centre OF attraction; Men
stood all around the quadrangle formed by the
junction OF the streets, and talked nervously or
quickly, as temperament or interest commanded
LINRD THE cuRBsroNEs
up and down this vicinity. and, to stranger,
as Re Of puSc
spectacle on the streets. SO large and singular
multtndeor the most part shielded 0y um6re
to the eye for high up on the stone banstrades OF
the Sub treasury were numerous spectators,
upon the scene "a ' below With as much rapt
curiosity as II they were seated in the gallery OF
saeSs Tbe saTss containing or the bank Of
Jay Cooke Co. was scrutinized with as Keen an
interest i had been the SsatTe o.
i nna save SsA thai asSA the face CLERK ScSs
with Sna" a look OF supreme sefsatisfactlon,
as If the public curiosity were centred IN him
alone, all was quiescent and f0rlorn within. There
are stout iron ratings extending along the front Of
some fthe basement brokers' offices in Wall street,
always disposed to give erstutous Information on
financial matters to the Inc xpertenced. Essays on
stocks. DC, were furnished to little
GROUPS OF GAPING STRANGERS
along by the iron ratings, and this, as one OF the
features OF the street. not the least interest
ING. The broken down operators OF long ago, with
no money In their pockets, like to live their days
over again In periods OF saon excitement ny spia,
listen. The entrances OF the Stock Exchange on
surrounded. Policemen were engaged to keep
order and prevent an indiscriminate rush TO the
THE ExorrEMENT AT NOON. az ~.
At noon, when the news oil the failure OF FISK
Hatch went abroad and spread oil over IKE q
full, looomotion was slow and made awkward by
the multitude Of umbrellas. mob disposed to re-
vOlutlon might have been dispersed by the STEADY
mob, affected where most vulnerable-in the
tnn mot row 81 means
a rule, the financial upheavais In Wall street
attract a crowd to the main front OF the Gold or
magnetized people to very remote places AS far
away as the Post ONCE were hundreds engaged IN
the End Gu on Soe
moneyed men fingered their watch chains
and talked incessantly Of the impend.
saoo RsnS We're AN well ne Especially 50
was Delmonicos haven OF refreshment Cham
Key played . prominent part In making the talk
over the cause anu effect OF the days disaster clear
THE FISK HATCH COLLAPSE.
When Fisk Hatch were known to have caved
in men looked up at every wellknown sign along
and sucn a one Of even high and tried credit
would weather the storm and come out
de up hs scn wa
and again that he was as solid as the Rocky Noun
tans, dreading nothing and with means TO tlde
him over the collapse OF the Treasury ITSELF Ru.
mors came thick and fast upon the wind OF this
house and that totterlng to fall. 'f not to-day,
tomorrow or the day AFTER" seemed to be
the tenor OF much cold-blooded speculation. To
say there was one universal appearance Of bewil-
derment IN the ranks of all that great mass OF
moneycd men who went down 30 Wall street yes
terday, and might be said to represent the fnan-
cial brains of the country, would be exactly cor
rect, 1t was not
.a A FEELING OF PANIC
such as overcomes an army and passes beyond
human control. This was more q sense OF tenn
pOrary stupetaction and amazement, banishlng for
moment the faculty OF calm reflection and dis
torting the reality out OF proportions. Men were
overcome with astOnishment at series oil
ing In mind how great the country's
wealth and how exhaustless Its resources.
But little reasoning showed how plainly inevita-
BILE the crash that occurred, yet the natural i'm.
pulse to alarm and anxiety was too strong for the
time being to be restrained, and the uninitiated
many who came to see Wall street in Its agony
went away full OF the dread phantom OF panic and
| troubled with the fancy OF universal crash IKE
that OF '67.