The daily intelligencer. [volume] (Seattle, Wash. Territory [i.e. Wash.]) 1876-1881, 1877-05-18
The Story OF Black Friday.
THZ Most EvfTTFCL DAY ~ TIE HIS
T3RY OF TRE GOLD ROOM.

In al. the bi-to~y Q: Wall street 10
DAY st.I.ds out more prominently. or
recalls stself II. r. vivldly 10 the mem
ory. than "B.ack FI.!sy -tAp 3lth *
September. l-t9
September 23l us III cxcisins sd
eveutfui day. witnessing a. i did .
fierce struggle batwc..a the II. aa8
be.r. Cold soll AZ III f. 10 030 |in
/ those dAy- i. 1as lawful 10 sr!i b-f,re
tie Beard or after il ;1uchci la a.
IL. li3 AZ il.l5. fe.i - lf3 4. u.
+ jumped 10 i44 At z.l5. aui fiaallg at
, 7. n, closed At !43I Tbs contest
demonstrated :n.iy the power # the
bulls. who hal the market practically
eorncTei, and ths bsirs retired With
! dismal .orsb b1diags If the morrow
/ There were two remarkable Things
/ uatIcs-d oiB this day. Une w4s the in
Tae-,se clearing. at the Coli Exchange
/ Bank. the refusal ot the lsars At Ger
/ tam times - eli 10 the bu!i,. although
among ths nselyes they made sales im1
/ per cent. below the cutreHt quotations
Early on Friday morning. the 2tth
! alt Wall street, Broad strtei. and New
/ sttcet vas crowded with excited brok-
/ rfs. and the expectation that the bulls
/ HUl.l! push the advantage and force
I tl.@ preulum up 10 i.5, or ~; ri least
. created intense excitement Buying
AID s-lliLg ltg1n Oh the steet at 8
/ o'clock, bui il was $50 i.-tore the work
commenced Aat Au offer Of Sl0 600
~ 10 was satpped up in . minute. and
,oeH vas a decline 10 l44i }. then a
/ laup. qnlcs "a Thought. to l+6. ani
+ then al, was cUnfusipn. Men howls.d
/ like demons. pu,hing AID cFowd.ag
! though they were dcmented u. des-
/ Iitc the Dc spe'aie rallies Of the .ars,
/ which now aud then caused n break oi
/ one pr cent or 50, Ia one short half
/ hour the premium Mas run mp to $50,
an advance Of nearly per cent OVER
! the closing prices of the night before.
Mn hooked AT each ether IL auiaze-
inrnt, dazzled at such rapid tiuctua-
tioi
The r0.a t. the goii room 1T the
opening hour was itd,scfib bablc In two
seconds After the opc' lug Of the doors
the room Was crowded. ani in the raj
lsfles and o't The -taIfs leading To them
We're crowds OF gtzecs COME to witnc,s
the stirflng events that the day was
expected - lr. forth
On the flo.r. gathered round the
fountain ia "a h ch played enc sportivc
gnli fi-h. who hai lost l,ls life through
the exc tt'inett Of the tempcstuous day.
were the brokers. hpddlyd together like
>hsrl, IN pen, or calves ia \ Butchers
wagon. bnt still finding room enough
Ia b!andi-h Their arms and gesticul 4tc
~idly, white their lungs were exercised
win such recklc>sn,.ss that IL VA, \
wonder there was Ia blao -vrs@,l
burst Tb!s - 10 over,iriwn picture
Noh0 y spu5,r or talked Every
thing was AZ high pressure. aui every
bill nr offer thut was inadr cane forth
in denoniac yell Transactions of
millions were recorded IN u second with
tretublipg hands. aid then the half
crayed buyer aud seller pushed back ill.,
10 the trout of the circle again. atni r.
commenced their yelling Th~ ,ceEe
WAS tlis widest from II till II 80 A
p. the tlactualiou, from - t. / heiny
slight Ba when tnr bells made
burst they came on in overwhelming
,trtuAtJ, and ;u le-s than % u,nl.tes
tile premium Wa- run mp e. 1924 This
~as the bld oi Alber, >p"y, Rs. Il dor.d-
Ia a broker. whose voiec could be
heard all oy.r the room and far ont INTO
Broadway HIS eyes protruded from
their Sockefs, his limbs trcmbiei like
lasvc~, aud IN his Intense cxcit.meut
the preparation 10 rcd down his face
like water. Other were there whose
excitement WAS tremeasious. bat with
tins man Il app.ared Ia bc matter oi
Ilte au@ death H. dealt with 80. o.nties-
m;sko.s a, though goi,f were the dross
which the hugh. minded claim it n be.
,ud still as be- booked his purchases
clamorrd tor '~orr tut il WAS noticed
that. even while Sfevers Was b'd ling
l6U and i6ol. the Tears aud others were
trading among themselves at rs
Then came i5out~cl's order T. But
tsr;jcj1
sell $too0 eco gold Ia n,o,tow aud
i1y 5. uue 600 bonds
rai@ WAS crG~heg With = rush the
brokers poured cut into Bond street. or
~eti tiyir messengers. ard in = m!uute
YES ia Il flash, orc Nigh, ey ~ il WAS
kro.n that the d,.paton was trae
Down went the prrnlGm Ia iio. asd
tbe restless bears carrying AL before
ths "a. Again ard a&asn the hnli. sat
l,,~' once sending the pr.os. 9p FROM ~
- $50 IN a jump. lgt tgh rs they
woGld. the lay wen, against ;hen. aud
- r'gitlall oue could l,uy all .ile g4il