The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-24
TODAY IN HISTORY
SATURDAY. sEPTEMRER "a, 1910.
Black Friday.

Black Friday.
Black Friday is the name applied TO
two disastrous days In the lnanclal ms
tory or tho United States, The most i'm,
portant OF these was the panic caused
on Wall street, New York, by the eHor,s
OF Fisk and Gould 10 corner INC golc
Der %, 1869. The other Black Friday oc-
CURED on September 10 1873. In the, New
York stock exchange. which was vas, ioiio"ed
| by the widespread panic or 1875
A leading newspaper OF the country, on
the day following the Black Friday on
Wall street. said: Not even in the wild-
the barometer, OF the market. r.Sc 2nnn n
plunge and fall as yesterday. The full
list OF the dead and wounded; the broken
and the lamcd. We shall probably not haye have
completed until this evening, Meanwhile
| the forbearance on the part of creditors
is not only charity but a duty
for several days, but no one had anticl,,
pated such condition az actually befcli
the market on that eventful Friday; Gold
had been gradually pushed up, and every
one was wondering what would be the
outcome OF the day. At . a. NJ. the bid
| ding began, On the street sold WAS oi :,
| fcred at IDS and was instantly snapped
up. The street became intensely excited
and men grew nervous. Upward ii began
soaring. II remained standing at $50 for
a considerable time, II was not until IL
O'Clock that the monotony was broken
1901 was bid. a hundred fists were shak-
en- at each other over the little fountain
and an Internal series Of yels filled the
room.
To an outsider it was impossible 10
Distinguish DIS bid or an offer. The bulls
sSd he of9s her bem Ike
From 1909 the metal suddenly jumped 10
1864. This was unprecedented Men, be-
gan 10 rave and Shrek like mad dogs.
pagoXysms OF fury. Within fifteen min
utes the premium was forced up TO 1924.
and stlll going MP, Eventually selling
began. and the crash came.
Then The rumor reached the street that
President Grant had ordered Boutwell,, the
secretary OF the treasury, TO sell the gold
fifty millions II necessary. Away went
the market i'm another grand crash. and
never recovered until 1t touched 1873. The
bulls were ruined men and were mad
ers.. grew crazy, His eyes seemed fixed
In despair. He spoke to his friends in
husky voice, and rushed about the little
fountain as II in terror. Az length he
raised his hand and shouted hoarseIy 10
the heated, struggling mass before him.
This extraordinary spectacle nearly ST.
lenced the operators. In few words
Speyer accused some unknown person of
attempting to assasslnate him, "IIc is
after me now with a knife shrieked
SnSyer nns vo "Look Ioqk he eScIa lined
evident he was crazed, he was placed In
carriage by his friends and sent home
Mr., Sp"yer was not the only. one made
momentarily crazy. Several of the mem
bers Of the board afterward confessed
that under the undue excitement they
felt their minds giving way
sun further down went the market un-
III finally the stock exchange was desert
ed The full force had been spent the
battle was over, and the greatest day
Wall street had or has ever seen was
brought TO a close, 4 large number OF
big firms were bankrupt. Conditions were
alarming. The Dig hotels OF the city that
night presented such an appearance OF
excitement as they have never expert
enced before or since, The national guard
OF the state was requested to keep Itself
In readiness TO proceed TO Wall street II
necessary.
This was not necessary The full force
OF the conflict had been spent on Friday
ana the wrecked, as we'll as the wreckers
were spoechless, Saturday Wall street and
the stock exchange was In peaceful soli-
tudc. Although the streets were crowded
but little business was transacted. and
the Great Black Friday In American
finances had passed into history.
treaty Of Fort Stanwix with the Indians
Today is the birthday of John Marshall.
the eminent jurist Q755); Zachary Tay-
lor, twelfth president OF the United
States 0ISD; John c. Stevens, Yachts
man G1s5); Richard II. Wilde, states
man and poet UT89); Charles Steedman,
distinguished naval officer GSiD; Henry
w, Slocum. statesman and soldier lS27):
William o. Stoddard, author QS35), and
Mark A, Hanna, the Republican leader
QS3D. 1t is the date of the death of
Pepin, king Of France (76S). and Samuel
Butler, the author OF "Hudibras" I6SO)