Springfield globe-republic. (Springfield, Ohio) 1884-1887, 1886-12-03

in a wild panic, and universal smash seemed
imminent These men relied on what they
believed To bc good assurance that the gov
ernment would put no gold on the market
that day and they bad locked up pretty
much all the rest of { e gold in the country
that was available.
LOST HIS HEAD
Right in the midst of the panic, when the
street was like a mndhouse, and many men
who, in the morn ming, supposed themselves
/ rich were almost tark staring mad over the
ruin which had b fallen them in "A few hours,
and when almost the highest figures had been
touched and nobody was selling short, this
broker to whom 1 refer suddenly lost his
head He had covered early i'll the morning
| at comparatively small loss, and had been
! looking in during the day without any per
sonal anxiety except that caused by the fear
of panic that would knock the bottom out
of everything Suddenly, he never knew
why. nor has he any but the most vague rec
ollection of the transaction, he rushed into
the bawling, bowling pit and sold right and
left at their highest figures He probably
might have avoided his contracts or his
friends have invalidatei them for him, for he
was undoubtedly insane when he did this.
denly there came that little message from
Secretary Boutwell, that knocked the bottom
out of the corner in the twinkling OF an eye,
Sell j, 900, 900 Of gold
In half all hour more my friend would
have been lunatic pauper, and, as it was,
his brother, | think, or soIle near relative,
found him utterly irresponsible, and with a
good deal Of difficulty led him away to his
x,sl,a b.,N f,ll Nf la ,r,l.r
Of Boutwell, and that the bottnm had dropped
ont of the panic, he did not seem to cnmpr--
bend the truth at ali, but mumbled some
thing which nobody understood. His con
tracts. however, were found and taken care
of 10y his clerks, and rapid eStimnte showed
that he stool to the good not far from $40,
200 When they told him he did not seem to
comprehend He had not been drinking, for
he was a teetOtaler. Suddenly they missed
him They could not find him in the street,
nor in the gold room, nor III any Of the other
brokers' offices he was accustomed to visit
Nobody had seen him. He had not gone TO
his home, and his family al midnight, becOm-
ing thoroughly alarmed, notified the police
that ha was missing and temporarily de-
ranged. He was found wandering up Broad
way long mast midnight, muttering his calls
dIl OlIc -'Oi OAA hS AiAc"
any one for nearly two weeks. He was on
the yer-:e Of paralysis Of the brain, and bare
ly pulled through When after two weeks
illness he woke one morning rational bis first
thought was that he was on Change. He re-
membered nothing OF his operations, but re
called very vividly so much of the panic as
he bad witnessed before he began to operate
himself 1t was u long time before bis phySi-
L 4. l.. Il 4 k,,I 49,.
his crazy freak made fortune He has kept
it, too, for from that day to this, as said, he
has never bought a stock except for invest
ment
ANOTHER CASE.
There was another case that I'm always
reminded of when see young man in the
street, who is a very bright chap, and will he
heard from some day. His father was the
president OF a savings bank somewhere down
east ami somewhere III 1870 took a lot of
Southern Minnesota seconds at 20. He in
tended to buy them for the bank, but think
ing he had a good thing kept them for him
self. The panic OF 1873 knocked Southern
MinneSotas down to nothing, and the presi-
dent threw the bonds into a box in his library
st bis house He was afterward Obliged TO
comprumise with his creditors and threw in
lot Of stuff, among it heIng. as he supposed,
the Southern Minnesotss. The whole lot at
that time would not have brought over 500
Later this man came TO New York and went
on the street. He made money at first. but
either in the summer of 1850 or early in 1851
he was badly bitten in OIL and was, as he
supposed. a ruineh man again. The very
evening that he had made up bis mind TO ask
the next day for an accommodation from his
creditors. his boy, who was then about IL,
came to him 10 ask if he might have a piece
of paper with pictures ON it TO paste in his
scrap book.
The father was about TO say yes without
hooking. when ne recognized the crisp rustlinG
OF parchment paper, such as is usually used
for bonds He snatchni the bond from the
bov's hand, and il was q Southern Minnesota
worth about par.
Where on earth did you get thisn he
asked.
why, up in the attic in n chest, where
some of your old books and papers are, and
there are a good many more Of them
Il don't think the father was long in max
ing tracks to the attic, and there he found
bis lsns forgotten Southern Minnesotas
They were worthless when he put them away,
but they were worth their face now-snme-
thing like $4,000, i think; at all events
enough to put our friend on his feet, and he
hasn't touched a thing since that hasn't
turned TO gold. He has just taken the boy
into his Office, and mighty bright lad ne is
and his father thinks he is a genuine Mascot.
New York Sun.