The times. [volume] (Richmond, Va.) 1890-1903, 1890-09-13
ANOTHER BLACK FRIDAY.
WALL STREET DiSMkYEO AT
PROSPECTS OF A PANIC.
The Government Must Take speedy steps
to Avert Disaster-rhe Result OF Parti-
san and Legislative Eeoklessness-O other
metropolitan Gossip.
NEw YORK BUREAU
RICHMOND DAILY TIMES,
%

metropolitan Gossip.
h NEw YORK BUREAU
. RICHMOND DAILY TIMES,
sept. f.. 1901
This was another Black Friday. At mo-
p time in the recent history Of Wall sireetha
e there been such dlsmay. 1t seems - IL
panic were inevitable. The National adj
ministration has squandcred the peoples
= money with rccklcssucss, has prepared o /
new system Of taxes wherewith to obtain /
the means 10 continue its riotous cNpcndi- /
! lures. and has disturbed the stable condi- !
tions for the purpose OF further enrching q !
hali-dozen silver kings. This party of poty |
and plunder has brought about condition |
of things that means almost unprecedented |
catastrophe to the entire business world. |
Merchant, both large aud small are
unable To procure the fund, from their |
bankers WhcrCwith 20 pay their opligatlon~.
The rate tor call loans to-day rose 20 l>>
ppr cent a rise of course tlat indicates MOI /
a scarcity of money, but am absolute an-
.eucc of H. The very best houses ma the !
city are unable 10 get financial aceomino-
datiOn ONLY three CLASSES oi men Wrr' I
happy. the bears. the money lenders, anG !
the holders Of Government J per cen. !
bonds. who hope to induce secretary w in-
dom 10 buy them at high rates in order io
relieve the business community In DIS
tbn General opiniOn in Wall street
that the Government ought to place money
I'M the banks. a. was done under the 'lc'c-
! land administration. but adNicoS from w 1-h-
inuton state that Secretary Window lS NOT
likely 10 DO this y capitalist sara "lh'
question is whether the leaders OBJ lnc aduih-
istration will admit themselves to have
| been foolish a while ago and wise nov, OBJ
whether they will ruin us all Tor lhe sake h.
consistency"
now EVIL MAY BE ANEKIEp.
f. H. hard for far-sceing, sagacious -tu-
dents of monetary problems to see how dee
| moraliIatiOn and serious disasters can De-
aycricd among the importing trade unless
! one ol two preventive measures are taken
| ly the Republican rulers iu the larii Con-
| ference Committee and i'm the Treasury De-
partmcnt. Either the time Tor rcdcemn
goods from bond must be extended sullr
cinutly fo allow importers tO gradually
withdraw their importation without Forcing
| a sudden strain ON their resource and
credit. or further disbursement, must bD
made by the Treasury by lond purchase
or otherwise 10 offset the influx oi money
for duties and restore it % circulation.
wEII-KNowN FIRM ARRESTED.
Warrants were issued at c'eyen O'Clock
| fO-dal Tor the arrest ni 'uc inemlcr- of lh0
| irm of Cuetl. Coon A t0.. the millionaire
shirt. and collar manufacturers of Troy,
who are charged by Deputy Inspector,
! Ffauey and lloDiey with many violations
! - ,t, lt,to f1'.tnrv law Tho firm il also 10
| h. - a. = .,.(,i,,-f t,,. o,u.fn.. tla fi..
, ,., r,,,.,,,t' Ilnnl,,. tl,ii one of fl,airftc
,'r,,. ,'r' ~ ''''
IHE BRICK srEt GDLE.
.., ..,..,....,, last rf.f...
The hrick struggle se'.n' "' i,''' ''".'
tcnch p,7iiiNr ,I-'l, 81, VIZ 49,. lug
he manulac.u',i "' .", -, ,i'...,,.'.
/ m"l's'" "'" IN NJ .-,.'..i
'h.lI l"lu' VIII O''''' ',''o ,..
| ip transfer heU' H'i''9 anu @ ."'
riiA' ana t""' l"iN'' i'' lu'''''D
'H'ni7'it tS9 rs ,'>' 81" ,t...i,,i
,ho'h"u 'i's M"' '' '' ,''i'' ''',
tracts WIN the '""".t
'h'in ullI't' l-Hul' '.- ..,.t,'.. Il'.-.,
."''f ""' ,,... f,,.iI.r- ,,.,l .',,
J" " "'l"'77 P''-"'. ,.,i,,
'I''e 'nI7 "il"i'"". a., f
/ idl cI7 h"N' "-i,'u '' p, ''''N ''' '''1 ''
Nhlch may nc tciiNti'"'
mann KIN. ron croltFR 10 CEACk.
..t......h.f.,.f
boss lph'l II "-.'iI ~ ii'., '" W
many snip ol stale. Inc district lc'ueI9
ana oiher Heul'h'Hi7 VI .n' lf'l'i'''nt
leader are hlii ing p''N h"ih '9"u',
7'It' I'D l'lh ID, 'n' 'n""' ~ '",, "'"' ,'',
VIII p'' inr "r'leI vi INC u".' i".t' - ''..u'
came p3cA IRON. 'u. Nu'''''.'', '1, .''''
IT. "''l .n,i ~ ~ "."|. ," NC, ,'i''
laihiiahi ul'liI,l i'''''lS "' "c''lu' W 1. ,..
result Oh ihe operations o' ,ne Nv ''...'
/ l''iofil Jaw; in'ie arc ..,'",
. ,, ~ ,.l.., ~. I'm, t, ,..e,
i""c, i'm r9mmany Uoll. flr defeat atfli.
election mean, the downfall of the Croker
/ DYNASTY.
! The Boss is cool. calculating politicians
thoroughly yer-ed in the agi- of hi, "retni-
I,tion. and whore cunuiu- and strategy
/ will not avail. intimidation. coercion. ar5
leycn actual force will Doe employed t0 rOn-
/ tiuuc the domination of Iammauy. Chair
man Edward Murphy, Jr.. OBJ thr Demo
cratic state Committee. has teic1raphcd
Mr. croker mat ne VIM come come u'"'i lIo'n
/ Troy To see hilh ncNl N.Dn. ne .i'.i i',"'
| j. "lNiv"7 p"""" """' ,''i'''',','
are Tor lnc '"inln- ''n u-"' n- en-
caused Dl lnc Ies'- ,."'i"n % ID, y"nn ~ .,..
| MS, ~ neih''i ~ .u'' '''" "'t'
unIou .l.,ls 'e que VI ~. t'' i, ,l
W ti,,,,
'" '".'',t 49,. I,',ti L,.,,,., Ic., ,,,
'~"','u''7 ~ i 49,, r,,,,ti. a. ,'.,.'... ft tb
! t,."II',.'' ~, o.. ',, ,,'ll Iti to,,,tI
~ ~ nt a., i1..i n.,n,.,,l.,. and
III, ',t7,,;'.,. win i.,,'i'i tI,lir ,l,i,n
/ limit; ;.,,,..,. 4 ,,rlt. homo. d, lo .l..f |
-, , ,,, r,,,,,,,ti If ,b V,orlf. ID.
..l.... ,u 80 ,', " inI - tn D.. ro,d. a tend.r to
r..''l i.,'''l' i.'ii.,.,.l fn,t n gr'ts,
49, i,,,'1i' i.,',.4 ,,.i.h tL. r.,,,,et ,rd
~ ~ N,','''' 49,, 200 a., i. ,,o,,, .l,,
'Ho LI i5,,i,.,. Con,r,i..i .i,,.'
/ ~ ''''i'1 - o. ,,o,i,i,i,,
anu " '''' ""
GRANT : kENoMlNAllpN.
The impression that Grant viii u0l he rc-
nominated is gaining. Many are Of tAe
opini0n that Iammany will run away from
/ the hght IL had been making against the eX-
po,ure Of Grant before the senate lnye.ti-
eating Committee. and decide that ID will
Doe easier TO carry the weight Of an acknoN-
Judgement of Grants lncompetency than Co.
r"ii. ''t""', ,..,..,.. ,....,....
|,,..
Al lhc ie'eplloh .chueIeu 70 AIchnlsh'i
1orrlsan ny lhe Gerry anu iaity lh II
f"tIicN caiueur.tl 'l'7 in"inlll=, over lnI''
hundieu pries's. Ne'' present Ih cas7pcH |
ana sufPiice' Inc D.u! ,i iue cunIch wa, |
hleU 10 oNernoNIh, not m " l'iisl'ii'',h- ln'l