New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-12-05
WALL STREET SIARTLE d.
BROKERS ALMOST IN CONSERVATION.
x,szx TEARS OF BUSINESS CORPORATIONS
QUIET SOON RESTORED.

QUIET SOON RESTORED.
rn.-. vas almost feeling OF CONSERVATION in Wall
-, when the first reports of the dastardly attempt
on Mr. ssge's life circulated. sharp effect was
1900 on prices at the Stock Exchange, but it was
p~o,,.r Of general comment that the unfavorable
800. WAS not greater. 1t feared at first that
r. might be serious complications because OF the
ossr and destruction in Mr.. Sages Office. but after
- xbsn more assuring statements were made the
.~nment among the brokers became less anxious.
IN. stock market early had shown considerable
-nrtA although there was some weakness In Missouri
a ,sc and other shares due to special influences The
soon occurrence however tended to check business
-. an unsettled feeling was instantly developed
,rn.n the facts were learned that there had been
,,.mts used II conjectured that Mr. sage's safe
;,sht be blown TO pieces, or that In the disorder
sroxtng the explosion securities might be lost or
,as 10 an extent sufficient to interfere with deliv
.,.s and possibly to embarrass other transactions
sas ,,eang OF alarm increased by the dread that
r,.hIngton E. Connors affairs might be seriously
,r,ctsd. Prices began to run of under the influence
:, IN. excitement and uncertainty, but fortunately
tA. uncertainty soon ended.
Thar was considerable Inconvenience caused by
Ia extraordinary occurrence but nothing equal 10 What
ga been expected when the news was first received Mr.
cCnnor as soon as possible sent out word over the
s.ts- tape that all transactions OF Conner Co. would
ha
70 broadway. Within an hour after the explosion oc-
.u--ed the more important papers and documents OF
ccDnor a. Co. were taken % q big room which Mr.
anew had recently given up, but which has not been
..,ted A brokerage Office was temporarily arranged
"a later In the afternoon the removal Of desks and
ether office furniture rapidly going on between the
ala Connor Office and the quarters Of Mr. Alley. Mr..
connor displayed coolnes: and grasp wmch excited
uonv expressons OF admiration from his fellow
h.d NJ reDOrfers asking him for the
,,orv n, his experiences while he arranging the
,snSer OF his ONCE paraphernaha and arranging with
A,ohers and clerks for the conducting OF business as
mcothly as possible.
rhare was general satisfaction expressed when as
mrance WAS given that the dynamite had not brought
disaster to Mr. sages securities AS soon as possible
,ter the explosion these securities were removed tenn
posry to safe In the Office Of the Manhattan Rail-
nav Company, back of the Sage Offices. Mr.. Common
said that there might be 100 shares Of Chicago Burng-
son and Quincy stock missing from Mr. Sages effects
Int beyond this the contents Of his safe and desks were
pucrcaly intact. There will be much trouble, doubt
I.sa in STRENGTHENING out some details, but IL is moi
believed that any disturbance Of loans will be compelled
by the disaster.
7hs pois. of the explosion was heard distinctly
,ev.al blocks distant from Rector-st and Broadway.
Same persons thought that II sounded like the booming
a, cannon while to many others the impression WAS
given that heavy safe or machinery had fallen IN
some building. When the explosion occurrerd busl-
ness on the floor OF the Stock Exchange was almost
wholly suspended. Brokers who were sitting In the
chairs around the railings the seats around the
posts which mark particular stocks sprang TO their
feet IN amazement. Dozens of faces were turned
instinetiyelv to the ceiling I'm expectation that a
portion Of the roof would come crashing in. A rush
was made for the New-st doors Of the Exchange and
hardy two dozen men were left on the hoor' ohiy
those brokers remained who had orders on hand which
required imperative attention
Similar scenes took place in the Consondaoeo sOocR
and Petroleum Exchange, but there the explosion was
ieard more distinctly and more CONSERVATION was
shown The streets were soon flooded with brokers'
their clerks and others, all pouring toward trinity
cburchyard The confusion around the building
where the dynamite had been exploded was too great
for time 10 permit any intelligent information being
ra.bered Within a few minutes the Fire Department
had its men and machines on the spot ana the ponce
xere struggling TO secure order In the crowd.
what caused it3S the general inquiry
and the rumor went that boiler mad eA-
ploded Then the rumor spread that mr.
ssge's Office had been wrecked and Mr. sage Killed.
The report Of Mr. Sage's death was soon detnoo anu
soe OF the excitement the brokers' offices subsloed
rhsn tooued host of inquiries among brokers as TO
xhrther business would be embarrassed by the Wreck
hut shrtly atterwad came the statement that no
securities OF Importance were missing from MI sages
oAo. and that Conner d. Co.. had taken their once 10
". S. Alley & Co.
For the rest of the day, however, Wall Street hao
only the one topic of conversation. Every oeuali
cent out by the news agencies was eagerly scanned
and III. effect on the stock market was the subject
Of earnest discussion 1t was generally felt that van
Street had received another blow that might disturb
sonsd.noe for a time. Men hardly know what 10 say
sIsn,t Il teribe9n was about the only phrase winch
,rprass.d the general sentiment. The vision Oh
,ign Of dynamite was called up by some more e&cit
,bIe p.rsons but the xreater number OF brokers So
slrs the work of a crank Nevertheless the poesf
hHty of such an outrage was committed was as
eus,ed as unpleasanty suggestive OF more serious
husDess consequences which might have follower E'u
Ir sac fallen victim TO the crazy man. ,ub. ~.
isst evening W. h. Connor|salo tnSI IIeIe Isa ~
200 SHARES of stock missing or destroyed pS O +Sat
ploion in Mr. sage's Office, but he cld NOT tnh 60
ibe los eonld be Larger. The bulk OF MT. sag
e1,4sss arr kent with the Mercantile baie DePgaIo
Cmnsnv and the only securities that were IN te Vl ~.
vsrt inYniv the few required for the Va "a.
rTrsnt bnsiness OF the firm. In oruer 10 secure
raeng NJ nossbIe losses and TO facntate Ue 1pIu a
ions ~ Mr. sage the following notice was Ia
N r,sderc Tayor n Co. Parties VINO nave roo1Soe
,sks rom or delivered stocks 10 Russell sage
WI kindly notify Frederic Taylor 20 vi ~, d tbe
ervfeates and what stocks also what CHECKS anu 'i0
tnent.7