, 1875-03-22
h,r coa1. "'Seo1a
Tho iron.clal Canonfcrs and Tie Kenna, INV,
mand'r Alfred lfopkinr, will Iomain at St;,u. M.
Orleans. ~ NcW
TIE GIGANTIC GOLD poor.

ts"sli'o'H World fiftcrn nIiIt,on
D"'lars In tho 1'nol-1'iiataIng t:o1t
Rlac chcr nnd laiEllcr-SNuccz,nu tI,a
Hiiorsx. >"'
Ilic history Of Wall streot picsonts I'm y, H..
parallel to tho gold puoI which now nue,ns :.
liaro thorough control Of the market. T1,o.o ~
llnye been hundreds Of combinations in ntocts
md gold, but these havo generally lcen r. az
hoayy credit Hysten. while tho gotl roo! Of Ia. Is
day. BY far a. ca, be asceftnincd, is cnEinoo,MSs NJ
ona purely caah baais.. In tho lockilr nm y,
guild hitherto tho practice Of Tho clio,iet h.. ~.
been to maize their original purchases OF cssi' .S
Eold. Pledge 1t az coistofa' for loan Of green.
gtceii!ackt. and 80 on indefinitely. Dut in this
caHo tho combination is what Will street mon r,
'aoId." 1t tnovos but tearca no trail Odd !.
taken from atlo streets y Tho million. And dssnaaa
I,cars nystoEionny nttt, those who hopo to spa
Il turn up 70 The banka arc disappointol. Il II
i!oyer erhypothacated with Tho banka It does not
mud ifH Wny back TO tho atrGct; 1t ih hidden fran
elhht: More than thla. tho operation Of viii.
drawing gold from tile market le slowly and tays.
.eroaasy .aoaas going , On every day. The premium i
mud casll t!oid needed for business PURPOSES
eau DO nouEht or borrowed only from fta aEents
aha a. ~ own ratce. Wall strcet never was 10
mystiii9a. In former pools thoro was as,,s
something Upon wh'cl, TO form an accurate juds:.
inens, hnt In this there Is nothing ca.cui.tsI Il
aanl.ely 9Ia Iosnt @ oIt tug personnel q tho cliqus
iiio Htrcot ts fnll OF ruuorn and gossip, but
MHen ~ iha1lfcf triea 10 PIN hia 'nior1ner down
10 so!ia iaet io ins that most Of Lis statement!
nto M 1onhdea upon conjectufoH moro or less ju.t.
=, Ihis mucG Is concodoa, however. On all sides,
'las tho pool is ono OF tho strongest and ls (or
oaas tho iHoBt ahrowtly t1ailngod Of any ii tbs
history o. Monetary Eatnblng. 4 "ns iosmed
Wheh so,d was hci'lIH bot~cen liz and ll3, but
no Ialotly wore III movements conlUctoa tllatN
Wn9 many 4Ay8 OolQr4 tho OlfeItl0 0nnra In..
we're aware Of ita magnitude. Point BY point
INC INDICATOR Tas marked up, untfl ycntorslay II
rec9ruet llgSl at ono time, tho market clo:ins
a. llbts. no." md tlen Indications se,ss
aency 70 weakness. Tlon the hehra cars
~ WIN TnHl', anu the result HM
1uas What tne Clique Nattc'-tho formation Of i
neavy snoit lh,erest; linidtng nearly al tho
eash gold. INC oll4Me is3ed ilH own rates Of Ia.
s to Of Der @ cent nor du den o'cSsoa rnon1 70
tnat any euaucnIiess or movement on tl,elr
patt Hlisht Efomrt tho interference Of tho lor.
oanmGnt; wl1ieh All!oa tue ian1ons Black Fzldsy
colnplnatlon. tno 'naaaXcrh "orkoa Slowly. hui
ino scarcity ol sola at'u tne cont}'tson " t4s
hnapcoa and 4, mercantile ~ allalrs favored them
ana BESIDES ttlls their members Wero men OF ill.,
"9mso 9,s,, aosouscas'
,o Umsoua , 10 ~ sno mahasers OF to el1uc d.
are posi,so Tat ucIo bon pnM anG U1GEsa
= W.
Ehsene Hotinson nro the head and front of Ito
nsuon,o, out tnefo nfe Others WHO contend tbat
snG manager anu chlcI spf!t 1i TUG combination
~ Jay LOUD, whoso recent brilliant achievement
a, r. conneSG9n WITH lacifo Nal and un!on aid
sontaat iacllo nave greatly ndded to hiS famsu
saseMn anu ca!culntIhg Ananclcr. IN oncfstot
,i WIG nolas tnls op,h!on gavo Lis roasonh for Iii
oo!iqf 70 bun reporter III these words.
- teil you jay aouid ts tho ehIewdest
operator TINT ovnr camo INTO thls street. lie wen.
INTO tnis pool when gosu was III, but 1t uasA
!ohg tlmo noiore ANYBODY s1snoctod he vas Ia
II: Even hts own nlt! brokers, men through
%Aom no las habltual!y dealt 70. ]. Osborrst
20. not, as iar III cal. learn, made sip.
r E,o .arh III tn!s matter for MN. !io csasel ths
lupEessioh throughout tAo stscot that he ~
oppeohoa oa 10 70 tue Dull movement.
,,,n3s 90 ,, naea "as enas hosaon N tho m,ndsot
many nso1eAahts aud br9kora that inateado!
coteI!nR tnolr bhotte, tsiey went denpet In,
convinced thnt tue opposition Of auoh lesVI
We1ent 90 Jhy uohld woula soon break The roo!
me- loWer ne premium. Ihts tremendous!
!hoayy shors interest was forried and Gould all
n,s nool gMetty tooK IN ail thc gold TINT eans
slonR aug loekea II up. 10 aid tho schoHe tr4l
1ar.nef @ WAS giysn ont. ont tet tue bears IL stosss