The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-03-03
SALE OF JAY COOKIES FURNITURE.

The Auction ut the Former Odices Of the
Bankrupt Firm Yesterday-rhe Pro-
ceeds Not Over $1,OOO-A Large Crowd.
The 0f1ces formerly occupied by Jay Cooke
Co.. at No. Nassau street. presented q curious
spectacle yesterday morning. Mr.. Archibald john
ston, the auctloneer, had announced that tie bank
ruptcy sale OF the furniture formerly belonging 70
the firm would take place at half-past ten O'Clock
A. NJ At eleven O'Clock the sale began and at twelve
O'Clock 1t was over. lew hours later the oflice
was mere tumble OF empty drawers and chairs,
which were scattered here and there, and The nOOf
was Uttered with hundreds OF cancelled cheeks
Brokers and bankers came to pick up the cheeks
and pocketed them as eagerly as though they
still represented the amounts Tor which
they were originally drawn The onicea
were were In In, c very dirty or. condition: Ths
least an inch thick. Ever since the 1rm had
pended business and the place was closed, the eie
CANT black walnut furniture had been lett to
mlldew. When the auctioneer lett the scene WAS
one OF desoation. More, fanciiul lOOker-On
mi. hit have thought all hummed once with ACTIVITY
and hustle, and thousands of dollars were paid
over these counters the contents OF which are now
SO rudely scattered over the Moor. The reign OF
the almighty dollar was brought TO q close here,
and the heaps OF worthless drafts and documents
formed vivid commentary ON the mutAbllity OF
The crowd which attended the sale was q very
large one, and wedged in between the various
partitions IN D ulOSJ unCOlnOrtaDe soma
crawled upon the desks, fearful OF their tender
toes, and others, who were probably mere idle
lockers on, withdrew altogether from this un-
pleasant crush. One gentleman, who eager ~
pressed forward. knocked his head against q
Chandelier, which elected much laughter. lew
pickpockets were also present; but as they were
watched by post ONCE detective their operations
were necessarily limited and their harvest not SO
large as they expected At least three-lourths OF
the multitude were Idle spectators, who had come
from mere curiosity. The remainder was largely
composed OF Wall street men and spectators, who
had probably, in this very ONCE, once concluded
profitable or ruinous transactions, as the case may
De. AS the trustee had disposed OF the greater
the safes, worth about 81 OOO to be retained, the
catalogue embraced only thlrty-two pieces, and
the proceeds, as stated BY the aucti0neer, were
not over 81 900. The entire furniture once belong.
$4,000. so that three-fourths must have been pre-
viousy disposed OF. .
The catalogue which was distributed yesterday
morning among the spectators enumerated tno
two large black walnut desks, table. with pigeon
holes; large desk, bookcase anu iettel closet
cylinder desks, ten chairs and STOOLS, telegraph
table, screen, two fire extlngnisners, wardrobe,
mantel mirror large desk, partitions, stationery
desk AWNINGS mats, calendar block, gas fixtures,
small umbrella stand. case with pigeon holes, read.
ING lamp and water cooler.
Inc bidding was very lively, the first case beina
arst offered for $40 and finally Knocked down az
x20 The black walnut partitions excited the
9reatest competiti some were first offered at
$50 and dollar by dollar the Did ran up TO $3l5.
the desks fetched from $50 to $780, the chairs $50
wardrobes $50 and bookcases also $50.
A rather melancholy feature OF the sale was the
presence Of many OF the old employees OF the bang
rupt firm, who saw the desks over which they had
ent strangers. But such IS the glory OF Wan
street.