New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-15
COMMANTS AND INCIDENTS.
LAST NIGHTS GOSSIP AT THE HOTELS. 3
TALKS WITH SIDNEY DILLON, PRESIDENT JEWETT
WILLIAM DowD AND OTHERS.

WILLIAM DowD AND OTHERS.
Among the uptown hotels last night the ruin
Avenue and the Windsor were the centre OF excited
thr,ngs. The crowd at the former however was
not 20 purely Wall Street gathering as ri the Windsor
close inspection Of the That crowded the oD0es
showed that LARGE number strangers or curious
spectators who had dropped in TO see and hear what
they could.
Among the bears there general reoicing over her
victories. and some predictions were made that the
panic and decline would 20 still further They ponIed
10 the fact that stocks were only low point
as in 49, when the drop OF that year began ana ty
asserted that when the banks TO which the metropolitan
il alleged TO owe $4,000 O-mc5dy country
banks-vere heard from, the force Of the days failures
and suspensions would Just begin 70 he realized The
story that the Metropolitan would resume To-Day
which was widely spread the authority
OF Russell Sage. whose name was constantly used
was rdculed by the bears impossible As the evening
wore on all sorts OF Jaw Gould began ~ cir
cn,ate rs if from common and with common OBJ
iect prominent broker who watched the current Tor
while said that he was convinced that it. the Skin
mshng ellminary to attack on Mr.. Gould to-day
The bulls on the other hand were confident that the
worst was that the Clearing House action would so
consolidate and strengthen the banhing power tnat
nothing could break IT that the N t i,h
it, resumption renewed confidence Woulu coiuc
and the solid upward Turn would begin Inc croWd pc
ran 10 thin ont raj her earlier than usual indicating it,
real 10 be that Of curious on-lookers Iherc
time any excitement above the ordinary cur
Among expressions of opinion gathered at the hotels
elsewhere last evening were the following M, .,or
President Baldwin. 70 nth National Btnk-Ihe acuon
the Clearing House ought 10 restore condence ana
bring affairs "a calmer condition think II mas had
Geor@e Emerso1 of Toledo Ohio merchant ana bank
dreetor-t is now question only whether the banks are
sound ana have securities that are good Tor anything
The rotten hanks viii m he weedcd out II curious
tha Chicago men should have this storm coming be
fore any else did My -Ohn-law wrote me from mere
three weeks ago that the banks in trouble
/
roSoration. have inquired since came here but until
Marine Bank failure there was 10 sign These on
banks whose charters BACK sixty and one hundred
years hpeye win stand yet Bat the rotten ones must 90
william David, president, Bank OF Norti Alnercl-Ne
have had the clearing Storm and the Sky VIII now get
clearer. .-,.
f. J. Horton. bankcr-I have been bear FOR eighteen
months was a bear because believed stocks were 700
high and must come down me, nave CONF Ia"ni
They getting pretty near What IheF ou-hl 10 DC
nothing diScouragnS to the country IN the suao'
, , bean aid and found crcdence that will stand
an examination There lots or stockFth1 thrown
u ,C a. Iogn Win some Of them aud also mixed up
the SCI pouT and Sabln atfilr III Minnesota but ne
rve these stocks will pay IN less tnan year ana
that the Minnesota people will pay every dollar they owe
sidney Don-Ghe trouble vii! not be- any iurther e1-
tended There is really no cause Tor any eai o. nc ~
re though the present difficulty was to nave been an
W q Andrews president Of the steam Heat Company
If the Metropolitan Bank resumes tomorrow, ~ there -
every prospect that &c will and ~ understand Russell
Sags SAYS il viii. rhe action VIII 20 a long way ioWdid
rcsorn confidence and creating an entire change ID the
Jom ". BooEwalter II lnufactTer-The boom inflated
stocks far above Their value They are now g0lng Dach
10 tbeir proper plaza basis which they VIII pay dvi
tends Whether they have reached that place yet can
only developed by time. Men who hougt themselves
rich when prices stock inflated fnd ~ the SHRINK
age that thar they nothing. No wealth is lost IL the
transactions. for the real value Is unchanged So
President JcWct- NeW-NOIk. Lake Erie ana western
Railroad-rhere good cause for The financial dis
turbance at the present time II Is due wholly to the
manipUal lions o. sprCuldtors. $3.50 GO
Emery a. -torrs-Tne storm is over. There Will only
he the little drlzzle to finish up. | am proud OF my
l. hicaeo clients. who paid thcir drafts twice
when they found their first ones ,he metropolitan we're
MOI y,oi and made the duplicate by telegraph that
their New-York creditor, should not suffer Marshall,
Field & co. dlI that understand.
Johp T. Lvdecker- mink t panic pure and
ain,pio There is no real cuusc for J.. There has un-
doubt d. been overva.ulon mt with al this decline
we must he the bottom