New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20

inc what would come next Expressions OF syn
, -. ,,.ro hoard ON every hand. Even the
hard-hearted bear, growing on ms way through 'no
,ortlod ,oob nansed TO whine few words of urslne
! aorrov that 40 respected and honorable house
| shouJd be compelled to bow to the blast III was
strange, too said everybody, that such conserVa-
five firm should suspend, while other and more reck
less houses kept their doors OPEN why" sald one
hardened sinner of broker Fisk a. Hatch amt no
onirk. Cannon & Snap. They have no contracts
before the Board and never had. They only bought
stocks for cash customers. Why they should be in
trouble beats me-"
''I should MT have wondered if Handsome Clever
& Co. had gone UNDER" said another. "Ihey are
political bankers and have bought up ali the worth
less truck that has been ground out by the Southern
carpet-bag Governments. But for Fisk d Hatch 10
come to grief-wen that is too ID bad ANA
Handsome Clever lives, prosperous gentleman
he added grimly rs he turned on his heel to bear
who had failed next
Fisk g. Hatch had opened in the morning with an
expectation of going successfully through the DAY;
it was not even suspected that there was any
trouble in their house until their suspension was
announced. They had negotiated the bonds OF the
Central Pacific and Ohio and Chesapeake RAILROADS.
and had made liberal advances TO the latter enter
prise which is new and not yet sufficiently devel-
positively asserted that these roads had been too
much for Fisk e. Hatch. The Central Pacific is
said, quite Justly, to be as good as the Bank
Of England; it has just declared its first
dividend, and is earning very handsome
profits. But it was bruited about that its remit
tances had been delayed. Mr.. G.. ?. Huntington,
Vice President of the Central Pacific and President
of the Chesapeake and Ohio. came elbowing his way
through the crowd as the bad news flew from lip to
lip His bury figure was hailed as a benson by the
anxious ones outside the doors of the suspended
firm. "Oh, well, guess it's all right The wind is
pretty much east to-day it ii come round all night
by and by" and smiling benignly on his relieved
listeners. he surged down the steps to have sunny
chat with his old friends.
MORE DROPPING SHOTS
About this time, early in the day, four or five
brokers firms went down in blocks. White, De
freitas & RatbbOne, Beers 81 Edwards, Eugene ).
jackson, Thomas Reed 81 Co., and one or two other
firms, tumbed in about the same time. In the Stock
Exchange the announcement of these disasters
created ripple of regret but the intermnable ramp
and roar went right on, everybody being more con-
cerned with what was happening in the Board than
what came in from the outside These failures
were followed by numerous others. until, by noon,
a dozen or so, of more or less consequence, had
"passed in their checks" Some held out manfully
and suecumbed only when the pressure grew TO be
COMPULSORY Halfa-dozen hung ont until near to the
close of business and gave up the ghost at
last heroicaly. Indeed, the whole struggle in
the street showed that there was certain
sort of heroic virtue among these Jovial
brokers. They stood by one another right manfully;
and many a little fellow, when forced to give up,
at last did it con the square and cheerily prepared
TO take up his burden of life with such grace as
he might. We give elsewhere some explanations of
the causes which led to the failure of some of the
brokers' firms; but of all, when inquiry was
made on the street, TOO many stocks" was the
reply That all that could be said. Many
brokers were carrying for themselves OF their Gus
toners large amounts of stocks which had shrunk
in value until their margins were exhausted Gus
TONERS failed respond contracts were forfeited and
the brokers' big and little, went down in the crash
Everybody gaped about to see who would come
next; that il, everybody but the busy people who
were reefng their own sails and making everything
snup on deck. Ask broker the newest grief and
he would say Z" I don't know; I'm looking out for
myself. Want any help" The crowd in the streets
and Hobbies were curious the business men were
not.
SOMETHING LIKE A RUN.
The appointment of a Receiver for the affairs of
the Midland Railroad followed up, yesterday
ruptcy. People thought that Geo. Opdyke & Co..
financial agents of the Company, ought to fall and
when Fisk a. Hatch's troubles were known, they
were disappointed that the firm still held out
"Why the dickens don't they suspendW asked one
leisurely saunterer as he hiyed TRIBUNE reporter
under his blue cotton umbrella.
"Why, you have personal grievance"
yes i want everybody 10 fail that goes into
weak railroad securities and If they have failed
its because the Fourth National Bank Is helping
them more than is right"
Such an impression soon took possession of the
street apparently. Mr.. Opdyke is director of the
hank and the troubles of the firm were, perhaps
uuiustly, charged upon it. DistTust of uhcer-
tilted checks had grown up during the
day. and it was fOund necessary TO put police
man AT the door OF the Fourth National TO keep
straight the long procession OF men docking in to
get their checks certified and to see if the money
was really there. The bank responded nobly, and
Opdyke & Co.. in spite of our acrld friend with the
blue cotton umbrella, " stood the racket"
NIGHTFALL.
MANY hard pressed operator longed for night
or Bncher' as the day As the wet clouds
rolled up over Trinity spire, showing ruddy
flush in the West long sigh of re-
lief breathed through the Street. The
Stock Exchange closed with "A decidedly better
feeling Stocks still vibrated, and some nom
nal sales az low prices made. But most people
had come to the conclusion that il was safer to stop
buying and selling; and stop they did. The closing
sales were light of money were only ascertaIned
between the prices of stocks for cash and regular
sales "Ihe worst is over" said everybody Here
and there reluctant bear grumbled something about
worse times next week bat nobody believed him.
The unsatis6ed crowd melted away. The show