Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1890-07-05
Especial correspondence. ]

edies IL Causcs-A letter srow Juutus
Henri browne.
Especial Corrcspondence
New YoRk, July 8. Famous as Wall
street has been for more than a genera
tion, il has never been half so famous as
during the past twelve or thirteen years.
The extent and variety Of its operations
is so constantly and rapidly increasing
that some of the bulls and bears of 1870
and 1915 would show to very little ad-
vantage now. Wall street has always
been national in importance and influ-
ence, but recently II has grown decidedly
international. London has become al
most as closely associated with II as Chi
cago is.
The Bourses 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.
ume Of business and its audacity in en-
terprise are hardly cqualed anywhere.
Its methods and manipulations, its de-
vices and schemes are wholly and pecu-
iarly American, often arousing the ad
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 brief
while ago ancient, grim, solid struct-
ures stood, today superb, lofty, COM
plctely contemporaneous piles are
reared. II is not n street, though called
such; it is quarter, embracing lower
Broadway, Nassau, Cedar, Pine, Will
lam, Pearl, Hanover, New and Broad
streets and Exchange place, a territory
more than half a mile square, one Of the
very richest ON the globe. Trinity
church--old Trinity--blocks the street
proper at one end and the deep East
river cuts il 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!
It looks very calm and restful after
the days business has ended, like y bat
tlefield when all traces of tho strife and
carnage have been removed. But when
| il is aroused, full of financial fury, rs IL
commonly is from 10 a. IN. to . p. M, 1t
is a strange, bcwildering 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 IL 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 quickens the blood to an un
healthy degree. Men whowalk leisure
ly and TRANQUILITY in Fulton street D,
Maiden lane, no sooner turn into Wal
street than they accelerate their pace
and get excited. They may not hav'
any interests there, but they are in
fluehced by the locality, nevertheless
They cannot be distinguished in TIN
driving throng from the great specula
tor whose fortune is at stake on tho is
sue Of the day, or the small speculate
hurrying to his broker to make his mar
gin good before his stock shall be sole
ont.
Not every one CANDLES, as it might ap
pear, in that district The big banks ar
conservative and carefully managed. !
they were not their credit would b
ruined, and no bank can dispense wit
credit. But even they make large cal
loans on stocks, the prices of which con
cern them nearly. They are secure
against loss, under all ordinary circuu
stances, by tho amount of their collal
erals, but when these decline to certai
point their demands are inexorablf
Dealing in money hardens the heart, an
hundreds of millions are locked up i
their strong vaults The gray sub-trea
ury at Wall and Nassau streets, wher
stands the bronze statue OF Washingto
on the site Of his inauguration as fir
president OF the United States, is burs
ing with gold and silver and stuffed wit
bank notes. What innumerable eye
must look every day with hunger an
envy on those firm walls shutting III tina
prodigious wealth! How impossible
the Father of his Country would the II
ality Of today have seemed to him whe
he took the oath OF Office in the spring {
1889!
A well dressed, well bred woman
though occasionally a feminine operate
is visible there. is a rare sight in IL