The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1890-07-22
ghe aahita Daily eagle: guesday lornne, guu a. 1880
ABOUT WALL STREET.
THE FINANCIAL CENTER or THIS
NEW WESTERN WORLD.
Its Outside and InSide-Great Leaders
Swallowed Up in Its Tortex-The Trag-
edies 1t Causes-A Letter from Junius
- Henri Browne.
[SpeciaACorrespondence,l

edies 1t Causes-A Letter from Juniui
y Henri Browne.
[SpecialCorespondencel
New YORK, July 3.-Eamons as Wal
street has beensformoreS than genera.
ton, it has never been halfsso famous a:
| during the past twelve or thirteen years
The extent and-variety of Interpretations
is so constantly and rapidly increasing
that some Of the bulls and bears OF 1870
and 1875 would show TO very little ad-
vantage now. Wall street has always
been national in importance and infiu-
ence, but recently it has grown decidedly
international London has become al
most as closely associated with It as Chi
cago is.
The Bourst of Paris, Amsterdam,
Frankfort, Berlin are often seriously af-
fected by its feeling and quotations Its
throbs, indeed, are communicated to the
furthest reaches of civilization. Its vol
une of business and its andaGity in en-
terprise are hardly equaled anywhere.
Its methods and manipulRtions, its de-
vices and schemes are wholly and pecu-
harly American, often arousing the adj
miration and wonder of the entire none
tary world.
The street-it is commonly so spoken
of-has changed as much IN its archi-
lecture as in its transactions. Both
tend TO the colossal. Where a brief
while ago ancient, grim, solid struct-
ures stood, today superb, lofty, COM
pletely contemporaneous piles are
reared. 1t is not q street, though called
such; it is a quarter, embracing lower
Broadway, Nassau, Cedar, Pine, Will
lam, Pearl, Hanover, New and Broad
streets and Exchange place. a territory
more than halfa mile square, one of the
very richest on the globe. Trinity
church-old Trinity-blocl1s the street
proper at one end and the deep East
river cuts it off at the other, illustrating
at once the mockery of what Is known
as religion and the reality and sugges-
ton of suicide. If consolation cannot
be found in theolOgic creed, peace-the
peace of death-may be sought in the
tidal stream. How stuffed with history
much of which will never be revealed)
and prolific associations that quarter is
1t looks very calm and restful after
the days business has ended, like bat
tlefeld when all traces OF the strife and
carnage have been removed. But when
it is aroused. full of financial fury, as it
commonly is from 10 a. m. to p. m, it
is strange, bewildering spectacle. Mes
senger boys, most of them carrying tele-
grams, dart here and there over carts
and wagons, directly under horses
heads, between men in close conversa-
tion-they have no time for manners
as if their life depended on ten seconds
time. They are never slow there, what
ever they may be elsewhere. Their or
ders are always to hurry, and hurry
they do. Besides they catch the spirit
of the quarter, the feVerish restlessness
of those about them.
There seems to be more electricity in
the air on the eastern side of the lower
end of Manhattan Island than in any
part of this highly charged republic.
The excessive electricity affects the
nerves and luickens the blood to an IN
healthy degree. Men who walk leisure
ly and TRANQUILITY IN Fulton street OF
Maiden lane, DO sooner turn into Wall
street than they accelerate their pace
and get excited. They may not have
any interests there, but they are in
fuenced by the locality, nevertireless.
They cannot be distinguished in the
driving throng from the great specula-
tor whose fortune is at stake on the Is
sue Of the day, or the small Spectator
hurrying to his broker to make his mar
gin good before his stock shall be sold
out
Not every one CANDLES, as it might ap-
pear, in that district The big banks are
conservative and carefully managed. II
they were not their credit would be
ruined, and no bank can dispense with
credit. But even theysmske large call
loans on stocks, the prices Of which con-
Germ them nearly. They are secured
against loss, under all ordinary circIn-
stances, by the amount of EAstr collat-
erals, but when these decline 10 a certain
point their demands are inexorable-
Dealing in money hardens the heart, and
hundreds of millions are locked up IN
their strong vaults The gray sub-treas-
ury at Wan and Nassau streets, where
stands the bronze statue Of Washington
on the site ~ mig inauguration as 6rst
president Of the United States, Is burst
ing with guidand silver and stuffed with
bank notes what innumerabls eyes
must look every day with hunger and
envy on those firm walls shutting in that
prDdGoas wealth. How impossible to
the Father OF his Country would the re-
atty Of today have seemed to him when
he took the cath OF Office in the spring Of
1887
A well dressed, well bred woman.
though occasionally feminine operator
Is visible theYe, Is a rare Ggnt In the
street She attracts much attention,
consequently, among tbs feEnale fruit
vendsTs, the scrubs, the JanitOrs wives
and assiStanta Now and then a new
wife comes, radiant and beaEning. 20 her
husband In her czr1sgs after 3 o'clock.
As he drives away with her, submissive
and sentimental, the older and more
seasonsd louIssnilA and gay, "Hs1 sOCn
get over that The ten psr Of the place
Is plainly xS u1NCnOos. ant 4 n gal
LIANT out Of bExiness hours, gzDant 70 a
faua, as tins EoS-h puzSlrzsss q foF--
era, bonnDGs and isvvsIry ~ It's frequent
ers for the1< spzeethea-ts @fte< = lucky
turn amply sr1ezt-
An the exchanges. metal, cDtton, coal.
- a