The New York Herald Newspaper, September 26, 1869, Page 3

WALL STREET. The Scone of Friday’s Great Financial Contest and Stampede. Condition of the Banks, Banking Houses and Brokers’ Offices, The Government Saic of Gold Yesterday. The Excitement Abating, and the “Bulls” and “Bears” Estimating Their Cains and Losses, Peaceful solrtude in Wall street yesterday reigned supreme. The free atmowphere of relief, the con- worousness of security, the hope of advancement in mercantile pursuits, the sterling encouragement shown by the administration vo our princely mer- chants, the climax of a vile conspiracy, the terrible wesult of an ingenious clique combimation, its @ire effects, confusion and consternation—all tend. to the philanthropie expectation § that ‘he great swindle may never be repeated. That the fraud was inexcusable, ably plotted and most adroitily arranged is now beyond comment. The Fesult, while it has cansed unutierable woe, has, mevertheless, been somewhat advantageous, since @ dangerous epidemic, gradually progressing under ‘the most skilful financial doctors, has been timely Ripped in the bud. Like to the ripening of a disease, the culmination of the worst stage was by many not unexpected. Never was consump- tive patient—a tender youth of two and twenty—more lovingly dandied by admiring friends. The effort was for the time successful, but ‘then came the terrific crash, and all at once were Sorgotten—hopes, tears, love, home and affection. Despair stood rampant, while the club-booted genius smiled with delight, Wall street was seized with paralysis, for which, however, as a last remedy, the skilfa) application of the ‘Treasury chief proved effec- tive. ‘The excitement is now at an end, and it is hoped that it will be long ere such terrible scenes aball be re-enacted. HE GOLD Room. But yesterday the gold room might have stood against the world. Conflagration in its wildest fury never made more terrific wreck. It was a scene to be witnessed with sympathetic feelings, tor, setting aside the utter recklessness of the worthless com- ponent parts of the flame, the transaction was @isastrous and furnishes subject for regret, although in the main the result must be Ratled with gratification. Disconsolate the mone- ¢ary animals prowled around the arena where the mighty struggle was attempted. Neither ‘bears’ mor “bulls” assumed the offensive yesterday. Re- juctantly whipped into obedience—forced into @ecency by complete exhaustion—compelled to forego the greedy appetite for gain by popular Indignation—temporaily thrust aside as crawling reptiles that bad glutted themselves with their prey; mortified at the result of the feast (some of the guests at the board having been poorly served), and generally dissatisfied, the majority of the gamblers ‘were non est yesterday. Although the streets were erowded, but little business was transacted. A pall dang over the assemblage. At noon it was like ® “wake” the crowd of sympathizers waiting to eonvey their murdered friend “speculation” to his. lasting place. But the Gold Room was a picture im iteelf. Not many hours before it resounded with eager shouts and vociferations—the hoarse cries of imfuriated demons—whose thirst for gold was stronger than their voices. Indeed they so strained temeelves that they cackled and finally broke @own. The ruins of Pompeii are grand to contem- plate; the blight on the Gold Room leaves a aad and miserable spectableto behold. On Friday last the Fories were exercised, Gorgons grinned and narpies revelled in delight. ‘To any young man of a contemplative mind whose reflections were directed to thoughts either above or below, Dante, in referring to the lower regions, eniy“faintly conveys any idea of the New York @old Room on tne day referred to. Human reptiles crawied about in all directions; there was gnashing of teeth and flendish joy. Men’s minds were gone astray and Lucifer, with an ingot in his hand, showed himself to the idiots and they snrieked with joy. What a change did yesterday present. The sulphurous smell of the room had partly gone; but the odor of a churchyard still remained, The Gold Room was not as bright as usual. There was no robbing of hands of fat and princely merchantse— po dashing gait of well shaved, know- img gamblers—no eager smile of innocent Duffoons mature for robbing. if was a sandy @esert—a tomb, a vault, a cave, a sepulchre— replete with stortes. It was pregnant with ® grand = financial history. How bright ghosts, srrayed im gold, strutted around the circte coquetting in curling whiskers and with tongue most oily. All was dumb, The ‘wreck was apparent on all sides. Not in twos or ‘threes, but in tens, twenties and hundreds, human veings had struggled for existence—not mantfally, perhaps not honestly—but surely, in the hope of gain. It was deserted now. The pit was ¢@ a black hole. No longer the earnest looks arrest attention. ‘The place was doll, cold and frozen. Memoranda—what glowing stories could they not have told—were strewn about whe floor. The galleries looked bare, and the mighty pit, in which the throng was most excessive, was compitely empty. In fine, a greater contrast could mot be presented than the appearance of the Gold Room.on yesterday and the day preceding, mi THE FEELING IN THE CITY, ‘The shock was terrific indeed. It ts generally ad- mitted that no similar affair since the war has caused such utter consternation. The feeling yes- terday ip Wall street and vicinity was unquestiona- Diy one of unqualified satisfaction, An immense ‘weight seemed to have been lifted frem off the commercial chest, and merchants breathed more freely. The whole aifair was thoroughly Gincumed, the causes of tne gold fracas, ‘the probabilities of the issues and the general effect ‘that might be produced. Beyond question a gloom prevalied. There was no liveliness, The accus- tomed sprightiiness of india rubber Wal) street men seemed to have completely disappeared. Every- thing was quiet as if Wall street was a churchyard, tne Geld Room 4 grave, and the spectators supersti- tious, Crowds gathered near it and gazed on with curious speculation, wondering how many fortunes bad therein been jost and won. In Broad siveet there were other crowds. Indeed, there were crowds everywhere, eagerly debating the great iasues of the day, The event of the pre- ceding dayghad completely paralyzed the market, and yesterday was regarded as a holiday. THE BUPPOSED SUSPENSIONS. In consequence of the extreme pressure in the @learing House and the utter physical inability of the clerks to attend to the impatient demands of @ager inguirers, people gave credence to the most iajurious ramora, Among those said to have been temporarily embarrassed by the occa- sion and partly obliged for the time to succumb to the pressure of the day were the fol- lowing sufferers, who, thowgh slightly wounded, ‘Will @oubtiews recover the danger of a stray and ig- noraat abot:—Albert Speyers, William Belden, Drexel, Winthrop & Co., Camman & Co., William Heath & ©o., Smith, Gould, Martin & Co., W. F. Livermore & 00, Chase, MeCiue & Co,, Nathan W. Roberts, Ward & Co. and others, It is believed that wnile numbers have absolutely broken down there are yet firma reported to be “unwell” that shall bravely mand the diege, It t dangerous, as it 1s unfair, 10 pronounce complete taiiures where none are really known to have exiated, To-morrow ‘will give a clear view into the entire ciroumstances , and fiickering candies will either be extinguished or barn more brightly. There is litte to be recorded OF yesterday, It was ® dull day—a day of contem- NEW YORK HERALD, SUNDAY, SEPTEMBER 26, 1869.——TRIPLE SHEET. 3 ey Sir ey others and one.of, general satisfection to the com- munity, Government Sales of Gold. ‘The Assistant Treasurer yesterday received pro- Doeais for the purchase of $4,000,000 gold. The total amount bid for was $9,837,500, chiefly at prices below the market rate, The following 1s @ list of the proposals :— Drexel, Winthrop & Co, $50,000 129.01 Bo. 50,000 130.01 50,000 31.01 50,000 182.01 200,000 181.00 Bayley & b: Matthews & Co. John UL aati: 0. Do. Do.. A, Rusch & Reid, + Content. Do. W. 'T. Hatch & Son. a a & Co. 0. Do. Do, Do. John J. Cisco & Son. Do... Trevor & Colgate. Do, Charles B, Fosdick, PL. as Riker, A. T. Stewart & Co. Hardt & Co.... Goodwin & Coit. Do. BE. 0. Read... Philip Dater & Co. 183,00 TOtal.....0ccsececseeseseceeecesseeseeee +e $0,887,600 The Assistant Treasurer accepted the followin proposals for government gold, amounting in all to $2,000,000:— Reid, Leo & Content. $500,000 134% Do. 500,000 134 000 13 437,000 132% 000 183 20,000 1 10,000 182% 18,000 18235 $2,000,000 Sales of Government Bonds. The Assistant Treasurer received proposals yester- day to sell to the government $4,000,000 five-twenty bonds, The total amount offered was $7,461,000, as follows:— Name. at, Price. W. F. Day. 200 1862 reg. 118,03 Do. 8,000 1864 reg. 118.04 30,000 1865 reg. 0. 117.91 30,000 1862 reg. 117.92 50,000 1868 120.00 50,000 1867 119.16 20,000 1864 118.35 30,000 1865 118.20 50,000 1867 coup. 119.25 10,000 1865 reg. 116.90 3,500 1864coup. 116,70 700 1865 coup. 116.70 Do. os 4,300 1867.coup, 116,70 W. B, Matt & Co, 25,000 1867 118.18 Jay Cook & Co, 000,000 1865 coup, 118.07 Fisk & Hatch. 500,000 1865 new 118.07 Do. 600,000 1867 118.07 100,000 1864 conp, 118.07 30,000 1864 reg. 119.70 50,000 1867-coup. 117.25 20,000 1864 coup. 118.07 10,000 1862 reg. 117.32 13,000 1862reg@. 117.49 20,000 1867 new 117.99 20,000 1867 118.99 20/000 1867 119.99 200,000 1867 coup. 119.00 200,000 1867 coup. 119.00% 200,000 1867 coup. 119.00% 200,000 1867 coup. 120,00 200,000 1867 coup. 120.00 Do. 200,000 1865 new 117.75 Do. 160,600 1867 118.25, Trevor & Colgate.. 200,000 1867 118,00 Leland, Bro. & Co, 60,000 1865 116.98 J, R. Dick & Co 500 1862 - 117.95 a . ae = reg. 117.95 0. 1 reg. 117,25 Do 500 5 18800 Do 500 Newton, Russell & Co. 25,000 i. ++ 25,000 Do....... 16,000 T. H. Bowden. 20,000 Cc. B. Mathew! 5,000 E. Kelly Do. 40,000 10,000 1862 reg. 116.04 10,000 1862 reg. 117.00 10,000 1862 reg. 117.22 10,000 1862 reg. = 117.32 10,000 1862 reg. 117.57 10,000 reg. = 117.82 10,000 1862 reg. 117.92 10,000 1862 reg. 118.07 10,000 1862 reg. 118.32 10,000 1862 reg. 118,57 9,000 119.37 118.12 118.90 119.00 Do, 119.25 Miller & hs. 15,000 1865 reg. 117.90 W. H. Balantyne., 60,000 1865 new 117.28 Do.. 25,000 1862 117.48 117.48 117.08 118.00 118.62 1u0.s0 reg. 1865 reg nw 116,17 1867 reg. 116.17 1868 coup. 117.82 1862 reg. 55 1862 coup. 117.80 1864 reg. 117.80 1864 eeup, 117.80 1905 reg. n. 117.38 1865 conp. 117.38 WOOT reg. 118.38 1867 coup. 117.88 1808 coup, 117.38 1867 coup. ‘118.11 1865 CD. D. 117.05 1867 cOup, 119.99 867 COpP, 139.1 . —%"aay of grief to some, joy to le ashy 25,000 pe) op. n. 119,25 having ps RS eBay 4 that the establishment nad 1864 coup, 000 1865 n. 119,35 2000 1864 bated 119.65 10,000 1867 q 117,98 25,000 1867 coup. 117.95 25,000 1867 coup. 118,06 30,000 1867 reg. 117.80 20,000 1867 coup. 118,00 + 18,000 1865 cp. n. 117.60 + 16,000 1865 rg. n. 117.60 ‘ Gpovoo igor Tah-o0% . 1867 . + 260,000 1867 121.00 35 » 250,000 1867 121.00%§ 175,000 1862 reg. 118.61 . 80,000 1862reg. 118.49 20,000 186¢reg. 118,80 . 60,000 1864 coup. 118.99 250,000 1866 cp. nw.119,02 250,000 1866 cp. nw.119.11 95,000 1867 coup, 119,50 es were made:— Kind. Rate, 3,000 n. 1865 reg. 116.17 17,000 1867 reg. 116,17 60.000 1865 coup. 116.82 10,000 1862 reg. 116.94 16,000 1862 reg. 117.07 Do. 1867 coup. 118.00 Chas. D, Mathews. 5,000 0. 1865 reg. 117.7% DO. ..+« 2 2,000 n. 1865 reg. 117.73 Kuhn, Loeb & © 10,000" 1867 reg. 117.08 Do. 1867 coup. 117.98 1867 coup. 118.06 1865 reg. 118.0 992,600 n. 1866 reg. 118.07 60,000" 1867 coup. 117.26 36,000 1862 ree, 117.05 Do, E. Kelly & Co. Do. J. R, Dick & Co, Do. Do. Do. Trevor & Colgate . Newton, Russell & CO ‘ The Banks in and about Wall street were surrounded at an early hour py excited crowds, anxiously awaiting the opening of the doors, and at the same time dreading the hour of business, which might be franght with ruin.to hundreds. The ofMcers and clerks of many banks had been upall night at work upon their books, and when their doors swuhg open the faces pehind the desks were no less pale and haggard than those which pressed around the office barriers. The alarming ramors of faQures which had tortured financiers throughout the night had frightened all classes having dealings with the banks, and almost every man was eagerly pushing in to look after deposits or to catch the first whisper of apprehended suspensions. At first nothing could be learned concerning the condition of the banks or the prospects for allaying the panic, and not unttl the adjournment of the gold board and the announcement of the suspension of clearages by the Gold Exchange Bank did the bank officers give any satisfactory answers to the thousand interrogatories of the crowds. Then it was stated that matters were all right, that pay- ments on gold operations only would be suspended, and that temporarily, and that the ordinary busl- ness transactions would go on as usual. As the morning passed away the crowds deserted Many of the banks and concentratea about two or three which rumor had designated as victims of the crash. Prominent among these was the Tenth National Bank and the house of Smith, Gould, Martin & Co. Belden’s oMee had suspended entirely, and the Gould establishment, although transacting some business, was believed to be on the verge of ruin. These firms represented, however, that their embar- yassments were temporary, and that as soon as the gold clearances could be issued everything would be satisfactorily settled, but these statements were recelvea with littie or no faith, and had no effect in checking the heavy run commenced on the Tenth National and other banks. By twelve o'clock the crowds began to get some idea of the sitmation, and the excitement somewbat abated. . It was found that the banks were quietly transacting all their usual business, except that’ based upon gold speculations, and that as soon aa the clearances were made from the Gold Exchange Bank, so that operators could get their funds, the run upon thé’ banks for money would be materially lessened. The banks of Jay Cooke, Fisk & Hatch, Vermilye & Co., Duncan & Sherman and nearly all establishments around which there had been s0 much excitement during the early business hours assumed an unusual degree of quietness, and scores of individuals who had rushed down town to diaw out deposit pocketed their account books and saan- tered along the street to watch the interesting move- ments among the bulle and bears. THR GOLD EXCHANGE BANK, however, lost none of its excitement, but on the contrary, became more and more crowded wih dealers anxiously waiting for their clearances; and apparently regardiess ef the following notice cor- spicuously posted on the wall:— New YorK Gop EXCHANGE Bank, 58 Broadway and 29 New atreet, NEW YORK, Sept, 25, 1869, TOWNSEND Cox, Esq., President New York Gold Ex- change:. nk will not receive any clearing state- ments from deaiers to-day. The statements received raanasy are nearly all affected by the failures, and it is impossible as yet to ascertain balances. Dealers must be oe weed to take up the, tickets of those in default which they have sent in, as*that is the only way of adjusting the nfovement. The bank will use ot exertion to bring accounts to a prompt settle- ment, Respectfully. H. M. BENEDIOT, President. All the windows of the bank were closed with the exception of a paying and receiving teller, who transacted business with the few whose accounw were complete; and the doors to the Presidenv’s office were flercely besieged by angry and excited men determined to gain an interview with Mr. Bene- dict. Occasionally some movement among the omMcials would start the whole crowd into a Tugh for the windows with the idea that pay- menta were abouts to he resumed, and when bags ofgold were poured out on the counters by the clerks the room would present a scene scarcely less wild than those of tne Gold Room in ite bustest momenta, Every person who gained access to Mr. Benedict was inatantty selzed by the crowd as he emerged from the office, and was firmly held until pumped of all information that could be possi- bly obtained from him. Two ushers guarded the door to the private office, and received cards, petitions, expostulations, &c., sent in to’ Mr. Benedict; but very few of the messages elicited an response. When the pressure became too great one of the ushers would mount a chair and communicate with parties in the crowd over the barrier, but to nearly all the same answer was given—‘Wait.”” As the day advanced and the accounts of opera- tore were reached and balanced the issues became a little more frequent, but night closed the scene without any large sums being paid, and the wearied throng slowly dispersed to to wait for Monday's revelations, The bank was busy nearly all day with the transactions of Thur'- day, anda great deal of work remained to be done in clearing up Rriday’s operations. It is probable that @ portion of Sunday, and perhaps of to-night, will yet be required to complete the examination of accounts and prepare for Monday's business, as nearly 30,000 tickets were poured tnto the bank in the flurry, all of which have to be posted ana cri- toAlly examined before any result cen be reached, BRLDBN'S OFFICR ‘wan vinited by very few persons during the day, & | ong failed. One of the partners, Mr. McKinley, was pre- bent throughout the day for the purpose of answer- ing inquiries, and stated that Mr. Belden would be in the office on Monday prepared w resume bast ness, The extent of the failure, if any, of course cannot be estimated until order is brought out of the chaos in which all the gold specniations of the Jast three or four days are Involved. The ramor that Mr. Belden had left the city wae indignantly denied by his friends. THE GOULD BANKING HOUSE, 80 densely crowded in the morning, became com- paratively quiet during the day. Some business was transacted, but entirely distinct from the gold opera; tons, and with the close of the day confidence in the establishment seemed to have been considerably increased. Mr. Martin stated that the firm was per- fectly safe, and that on Monday ali its gold opera- tions Would be satisfactorily adjusted. The scencs in and around the TENTH NATIONAL BANK were very different, and were of absorbing interest to the whole community from nine A. M. until late in the afternoon. It was known that one-half the stock Of thia bank had been purchased some time ago by the Fisk-Gould party, and the distrust occa- sioned by this knowledge on Friday among bankers and brokers was communicated to all circles by the following paragraph in the Times’ money articie of yesterday, respecting which the officers of the bank were unsparing in bitter denunciations:— ‘The ramor of troubie in the Tenth National Bank, where this concern (Smith, Gould, Martin & Co,) kept thelr account, and large certifications of their checks had been made in the course of the day, ge! followed. ‘The later report, however, is that this trouble amounts substantially so jess than $200,000 on a capitai of $1,000,000, If the bank is ruimed for future usefulness under its present rale, the blame Will rest where it properly belongs, upon the president and directors, who were willing to be sold out to Gould & Fisk, ana yet continue fora season in nominal charge of a trust which they could not really control. This paragraph created the impression that the Tenth National Bank was hopelesaly involved in the crash of Friday, and all the approaches to the estab- Nshment were blocked up by an immense crowd clamorous for their deposita, Policemen were stationed at the doors to preserve order, and while the bank officers anxiously watched the storm from their private office the employés slowly examined and cashed the checks flooding in upon the bank. At two o'clock the crisis arrived. The funds in the bank were nearly exhausted, and certified checks of other banks sent out for currency were returned with the reply that accounts must be settled at the Clearing House before the checks Would be cashed, ‘The officers of the bank seemed to have almost abandoned the hope of stemming the tide against them, and after hurried consultations nervously communicated from time to time with the tellers, until at last, just as the funda were on the point of giving out, & supply of currency came in and gave renewed life to the almost exhaasted establishment. A few moments’ longer delay in obtaining funds wonld, have caused 8 suspension of payments, and In the agitared state of affairs no doubt precipitated the crash which had all day been impending over a score of leading firms, The book was kept open until twenty Minutes past three, at which time the windows were closed, and the crowd commenced to siowly disperse, The directors state that the ran upon the bank was brought about by a combination to crush it, and that the Commonwealth, State, City and Park banks refused vo cash thetr own certified checks presented to them by the Tenth National. ‘They also say that Smith, Martin & Co. have $100,000 deposited to their credit in the bank, and that the only checks that have been refused were one by Smith & Martin yesterday for $1,000,000, which the bank asl;ed to be withdrawn in consequence of Its size, and two'checks for small amounts to-day, payable to William Heath & Co., who are in debt to the bank. At the close of the day’s business they announced that the deposits in the morning amounted to $1,100,000, and that they paid out during the day about $1,000,000, leaving $100,000 on hand. No fears are expressed by them of their ability to weather the storm, and they state that on Monday they will be prepared for all contingencies. The public mind last night seemed to have been con- siderably relseved, and the impression prevatied that yy Monday the panic will have so far subsided as to lnaure @ safe exit from the perils which nave go ser!- ousiy threatened financial circles with disaster. It is expected that money will be comparatively easy a8 soon as the Gold Exchange Bank resumes payment to dealers, and that the sober reflections of to-day wiil result in a disposition to ease up the pressure on weakened firme so that by Tuesday the financial atmosphere may have cleared off and busi- ness resumed its ordinary chaanels, Mesers. Underhill, Haven & Co. and William Heash yesterday pablished cards denying that they had fatled, and thetr friends assert that the two firms will proceed with their business as usaal. Arumor gained considerable currency yesterday + to the effect that a broker residing in Williamsburg had committed suicide by shooting himself through the head ip a paroxysm of insanity caused by bis losses in the rush and panic of Friday. The state- ment, however, was unfounded, as, though the sui- cide alluded to actually occurred, the deceased hed never in his lifetime been engaged in stock opera- tions or dealings, or if he had the evidence on the Inquest failed to reveal any trace of it. Secretary Boutwells Reason for Ordering the Sale of Gold Yesterday, WASHINGTON, Sept. 25, 1869, Itis well Known that Secretary Boutwell some time ago settled upon the policy that he would sell gold and purchase bonds only as the intereata of the government would dictate. He did not propose to be governed in any respect by the options of Wall street, as his predecessor, Mr. McCulloch, had been. Up to yesterday Mr. Boutwell bad adhered to this policy with strict fidelity, He heard of the fignt of the bulls and bears with supreme coldness, It made no difference to him which suffered. Even all the excitement of the past iew day#dia not move him. He received bushels of telegrame from Jay Cooke & Oo. and other prominent bankers, and read the frantic appeals of the raMical organ in New York since Thuraday last to sell gold, without effect, When the excitement in Wall street reached its height, however, the President went to Secretary Boutwell and requested him to sell gold wv break the ‘corner.” This is the expla- nation of Mr. Boutwell’s departure from the policy he bad marked out fer himeelf, and w which he had heretofore adhered. His best judgment, there is reason to believe, 14 not approve of the step he took yesterday in ordering the Assistant Treasurer at New York to sell $4,000,000 gold. He did tt because he was ordered todo it by bis supe- ror, The President is greatly mortified at the use of his name made in the Gold Room yesterday and the day before as being opposed to the Secretary's selling. it was probably this that led him to ad- vise Boutwell to sell, net, so much with a view of smashing the combination as of giving proof of his opposition to the government to raise a pre- mim THE PANIC ELSEWHERE, In Bonson, {From the Boston Post, Sept. 25.} ‘The excitement in the gold market in this city is intense, Nothing so stirring and deep has been Witnessed since the noted period of the late war as Marked the state of things yesterday. The Mer- chante’ Exchange Reading Room, the banks, leadin: brokers’ and other places of business were than, during the day. At the Reading Room t was @ continuous assemblage, and the quota- Mons were watched with an almost unexampled avidity, Brokers whose more immediate business ig ‘the traffic in gold were thoroughly roused to the precarious situation—at one time elated, at an- other depressed, aa the auriferous coin advanced or receded. New York was in rhomentary communi- cation by La She | and the excitement pulsated through the wires to Boston, Such were the fuctua- tions that our business men felt a most waple: ‘uncertainty, and nothing was done which wai Foquired by absolute necessity. It was gold here, f id there, gold everywhere, and ali the time very atthe of the precidus article to be gotin hand. The sober merchant, the sedate man of commerce, the Dopefal “duil,"’ the impetuous “bear’— sorely pozzied and trembled at th vhing Gradually the quotations mounted the a titude of 162%, and from thi i were 13)—a chasm which {t was almost appal ing at ea alm to behold. But for all this nol rh pore at but our business men itorm raged, . a September gale in monetary matters, and yet no jell prostrave, ‘The stream in and out at the Reading Room was ceasciess: street to the Gold Room in Congress street there Was @ continuous stam: Old gentiemen gauged their spectacies to see where next gold would jump, snd young men watched the figures with nervous keenness, Every fresh quotation flashed over the wires was caught up end spread with almost lightning rapidity. Men va- rlously looked hopeful, doubiful, bluish, as the igure were up or down, Anxiety was depicted on most every countenance, How could it be other- wise when the balance wheel, as it were, Was 60 disturbed ? A raging war might be expected to sway business with unwonted force, bus in time of J penie why ts this? was the question. And no satisfactory or soothing solution was given. Panics are reason- Jess; and the worst of all are those based on gold. Boston has known no such day as yesterday for Years, though at the close there was jess heat than at many previous hours. Some good, however, it ts to be hoped, may come from the extraordinary excitement to-day, for quite @ number, even in Boston, who have narrowly escaped ruin, will not be caught in that way again. A case in point:—At one time this forenoon the losses of one gentleman of this city—according to ae higuest gold guotationus, he Lrg 4 se short were reported at nearly $100, “4 General Reynolds on Texas Rolitics. friends advised him to leave the street for a while. . He did go. In less than haifan hour he coud have | Major General Reynolds has addressed a letter to settled d been twenty thousand in. He has | President Grant. dated September 4, in which, after learned a lesson, however, and will hereafter avold | gpeaking of political affairs in Texas, he saye:— selling what he does not own at the time. how much better it would be for the community if every- The platforms of the two wings of the republican body would do the same. party are the same. ‘The radical wing act out their a4 professions of adherence to the reconstruction laws of Congress, and present for office men who are In Philadelphia. ualified under those laws, The conservative wing [From the Paiiadelphia Ledger, Sept. 25.) juently nominate men for office who are known The worthy fraternity of id gambiers in New | to be disqualified under the reconstruction laws, but York yesterday converted Wall street into a Bedlam, | Who are giso known to be acceptable to the demo- whercof @ first class branch was also set up and pat | crate. The saccess of the A. J. Hamilton faction, as in full operation on Third street in this city. Gold | it will be produced by democratic votes, will be the on Thursday night closed at 143, the premiuin hav- | defeat of republicanism in Texas, and will put the tng been forced up to that figure from 137 dur- | State in the hands of the very men who, during the ing the two previous days. In New York the | rebellion, exerted every nerve to deatroy the Union, “bulls” and “bears? began operations early yes- | and who have uniformly opposed the reconstruc- terday morning, and telegraphtc reports of | Won laws with a persiavency worthy of a better what transpired were received in this city, | cause, creating corresponding excitement. The gold pre- mium went up and up tll 1t got above 160, and then down again to 153, The news spread rapidly and drew crowds to Third street. The brokers’ and tele- h_ offices were mobbed, and excited people and from State WASHINGTON. General Reynolds’ Views of Politics in Texas. Ex-Governor Hamilton the Choice of the Rebel Democracy. A GALLANT FIGHT = WITH INDIANS, WASHINGTON, Sept. 25, 1869. Simon Cameron. ‘The numerous reports that the President has beem ‘urged to make Mr. Cameron Secretary of War or of the Treasury are wholly erroneous, that gentieman’s rushed abont in all directions. The premium jumped wildly up and down as the war swased time being fully occupied with the duties of hia to and fro in” New York. and even those astute | Present positiou—at the head of one of the most im- gentiemen whose dealings are in gold and stocks | portant railroads in the country—he has no desire for were nonplussed. Inquirers at times could not | any government office, and would not accept one 1s get a quotation for gold, because Do one knew to & vf pa bp net: , isi certainty what the price was. When the excite- Were omered, Order from General Hancock. ment was at its height the “indicators” refused i Fie Mpa np feat ee [ha The following order, relative to a battle witb the are a most skilful and edmirable means of instan- | Indians fought in Montana, has never been made taneously transmitting the fluctuations in gold, yet | public:— in this case the premium jumped about too wildly for them to keep pace with it. Boys had thererore to be employed to run from the telegraph office to one broker's office after another, and cry out the Premium. This added to the Babel. To say that GENERAL FIELD ORDERS NO. 1. HEADQUARTERS DEPARTMENT OF DapOTAn, IN THE FIELD, Fort Eu.is, M. July 12, 1869, On the Sth of April last it was rej every one was excited would tell oply a part 1 ee a ee of the tory. No mane "meting, on Bre, or po | Catalog l Slama Te en Mitical “primary convention” ever exceeded the exhibition on Third street yesterday. The brokers could not tell whether they were “long” or “short;” whether they had made or lost. No one could trust any one else, and a great mob of staring people ed up at the signe and in at the telegraph offices and _ brokers’ windows, wondering what it all meant. The furry over, the excitement cooled off somewhat, and the afternoon was spent in cyphering op the morning’s gains or losses. Every one on Third street, of course, had a reason to give for the wild speculation, while a few denounced the heartiess gamblers who caused the disturbance. Such denunciations, however, have been inade for many years, and things are getting no better so very fast ihat people begin to think it useless to protest agains: them longer. In Baltimore. (From the Baltimore American, Sept. 25.) ‘The excitement among the dealers in gold yester- day moraing vo unprecedented, and in the neigh- Considering the lengin of the pursuit and the borhood of McKim’s banking house, on Baitimore | nature of the diMculties to be overcome, the Com- street, and Fisher's, on South street, the throng was | manding General regards this affair as one of the #0 immense that it was difMficalt for pedestrians to } most brilliant and successful that has occurred in et along. The market at New York ciosed on | the department, and the,result is promulgated in hursday at 44%, premium, and opened yesterday | orders with the hope that the conduct of Captain morning at 45, and ran up steadily, having at @ | Clift and his men will be emulated by the rem: jer quarter-past eleven o’clock reached 60. During the | of the command whenever circumstances arise next quarter of an hour tt fuctuated between 60 ana | demanding it. The Commanding General particularly 82, and at forty-two minutes past eleven commenced distinguishes Captain Clift in this affair for his 4 a@ band of hostile Indians was in the Galla~ tin Valley, about twenty-five miles from that post, committing depredations, driving off stock, 4c, A detachment of men, mouuted from the Thirteenth infantry, under command of Captain E. W. Ciift, of the saime regiment, was promptly despatched trom the post in pursuit. #n route the party wag strenghtened by several citizen volunteers. Hetore the party could arrive at the scene of operations the Indians had decamped with such stock as they had been able to collect. Captain Clift immediately took their trail and followed it with greatenergy and per= sistency until about noon of the second day, when he overtook pnd forced them to stand. A close and well contesced engagement followed, in which the Indians were defeated with & loss of nine, left dead on the field, and ali the stock which had not been killed 1p the pursuit was recaptured. Captain Cults loss was private Terence Couery, Company D, killed; private Micnael Fitzgerald, of Company F; George Crasoe, of Company G, and one citizen wounded. to decline, At hall-past eleven o'clock, | prompiness and energy in the pursuit and for con- while the excitement was at its height, } spicuous gailaniry in the action which followed. and the premium had advanced to 62, Captain Clift in his official report mentions for the the announcement was made that Secretary Bout- | especiab notice and commendation of the depart well had ordered the sale of four mulions of gold | ment commander, corporal Bruce Sheridan and to-day from the Treasury, and almost at the same | privates Terence Conery (killed), Christopher thomp- moment it was announced that the ‘shorts’ had | gon, of Company D; Sergeant James Sullivan, of settled their contracts to the amount of $35,000,000 | Company G, and citizen Thomas King, who ren- at 155. This at once created a panic, and the de | dered gailant and efficient service. cline was ao rapid at New York that for about fifteen ‘She officers and men whose names are herein minutes the bulletin boards at our brokers were | mentioned are commended to the favorable notice momentarily changed, going down to 55, 53, 50, 47, | of the General-in-Ohief of the Army, and Captain 46, 43, 40, and 8o on, until it touched 314. After one } Clift is recommended for the brevet of major, to o'clock, however, the market was comparative! date from the 7th of April, 1369, 4 steady, the premium wavering between 32% an By command of Major General HANCOCK. 35%, the latest quotation belng 33, The contracts O. D. Greene, Assistant Adjutant General. settled at 165 were mostly made at 1373, a 140, and ‘A private soldier, who participated tn the engage- A osees “4 D bce SP ee ee eae ment, writes the following characteristic letter toa friend:— 81X millions of dollars. Fe Mecioqunes Ae See Brenciane. Well, old chum, we have at last hada fight with the “big Injun,” with “Lo.” anda bully Sight 1% SAN FRANCISCO, Sept. 25, 1869. ‘There was a rush on the here ‘was, too, though nothing like what we to have go OE aT with the rebs. On the Sth we heard that a band of gold telegraphic transfers, in consequence of the ‘uns were “ou ing” in Gallatin valley, twenty- advance in gold at New York. The banks refused — mniies from Tete ene Major started us out, to sell at any price, and although the rush continued | under command of Captain Clift, “Old biuil,” you tes we to-day the banks stilt refuse to sell. The express | Frouyt the red devils oa staud., ‘They were on Wop companies charge five per cent to transport gud. | of a promonvory or cliff 1,500 feet high, straignt up Legal tenders are selling at seventy-five. and down on three sides. ‘‘Old Blut” toid us to come up. We went, and just as we got on top the fan ceased and the scrimmage began. ‘The Indians had vaken refuge in a ditch four feet deep behind a stone wall put up by themselves, with portholes, through which they fired at us. After emptying our guns SUBURBAN INTELLIGENCE. NEW JERSEY. We Went for them with a yell, just as the rebs used wenn to comefor us. Then we had @ hand to band set-to Jersey City. and made short work of it, You ought to have “Old Bluff,” gfter he had fired bis last shot from FELL OVERBOARD.—A man named Alexis Conrad Re rate enoee r Over that wall, grab up a rousing fell off one of the Jersey City ferryboats yesterday | rock and drop it on tue wisdom box of a big warrior, afternoon and would have been drowned but for | Nd mash it into a jelly. We licked them badly, an they left nine killed. We had one killed and three bot pe ee elting b ae re Ae wounded and took ail the stock. ol e tugboat james icMann. Conrad was en on board the tugboat and brought to Jersey City, Leicaepinatitede ergs nmncacenenezel tat nt nay where he was given in charge of the police. The following 1s @ correct list of the appointmenta A ConpUCTOR INJURED ON THE NEW JERSEY RalIL- | and removals made in Texas in the interest of the ROAD. —Mr. Joseph{ Moore, the conductor on the | Davis republican party, in addition to those already twenty minutes of five train from Jersey City yes- | cast:— tarday, via rae struck on the head and } Nathan Potter, Collector of Customs at Galveston, severely injured by the gate at the Warren street | vice J, L. Haines, suspended; Angier M. Hobbs, Then ce ecient ee get Erd te look ahead | sccogsor of Internal Revenue for the First district, City elgirw as? Liye ay ‘ey tyro was | vice Pedigo, suspended; W. B. Moore, Assessor of promptly afforded. ir. joore resides in Camden, - where he has a wife and family. Internal Revenue for the Third pore vice Lang: ley, suspended; Philip Bran back, Collector of Inter- Bergen City. 1 trict, vice RN, Le BLaSTING ACCIDENT.—A cripple named Charles R. ber apa yr iene _ > PRLE ORISA phi ‘aah Shtrope was struck by a plece of rock froma blaston | {1 al, Western’ district of ‘Rekda, vice. P. Blocked Fairview favenne yesterday and so mjured that it is ; M shag feared amputation of the mjured leg will be neces- | Suspended; Willlam Alexander, United States Dis- sary. He was standing behind the fagman, about | trict Attorney, Western district, to Mila vacancy. one hundred yards from the blast. The Freedmen’s Bureau in Virginia. ‘Trentos. Tam authorized to say that there is no trath in the MILITARY ELECTION.—Yesterday afternoon Colonel report mude by the Associated Press agent to the Uriah ‘De Hart, of New Brunswick, was clected | erect that General Canby recommends the re-estab- Buigaater General of the Second Brigade New Jersey | tisnment of the Freedmen’s Bureau tn Virgina, It National Guard. General C. K. Hall, of this city, and e Colonel William J. Sewell, of Camdom, were also | Ws gtven as a reacon tn the press despatch referred candidates, The former withdrew his name before | to that the great drought would cause much suder- the election. ing among the negroes this winter, and hence the THs8 RaILBOAD ACCIDENT.—The man who was | General’s action. The suffering will be as great and general among the poorer whites as among the struck by a locomotive at Lawrenee station, near this city, as reported in yesterday's HERALD, was negroes, and if the national aid was extended to one still alive last evening. bat he cannot possioty | race It would ve unjust to hold it from the other, survive his injuries. ‘He had twenty doMars ia his Mr. Ais ork to Visit Europe. possession, and from papers found on his person hia name is supposed to be Thomas Poster at toe George Peabody intends making a temporary vistt Guliders’ Association of New York. He is at pres- | to Europe, and will leave oy the Scotia when she ent in the City Hospital. next sails, fearing the effect of a winter sea DiscoveAy OF 4 HUMAN SkRLETON.—Yesterday | on nig pest he ing = vorege afternoon, while some laborers were engaged in repairing the canal bank, near this city, one of them ‘The I ie : MET tas cee ie discovered human skeleton about eighteen mches Sl, eaniiaedimen are ee beneath the surface. It was reinterred in an adjoin- | ported war between the Sioux and the Pawnee In- ing held. it is supposed to be the remains of a man. ns in Nebraska. If such @ war @Xiste, however, not strange, as there has been @ quarrel between the two tribes from time immemorial, It is curious that whenever war breaks out between the Sioux. and Pawnees the former always attack the whites, The New Minister from Denmark. Mr. F. E. Debille, accompanied by Secretary Fiah, repaired to the Executive Manston and presented his credentials as Mintater from Denmark. He nad for some time previous been Chargé d’Affaires of that kingdom. Fractional Currency Statem The receipts of fractional currency for the week ending to-day amount to $1,024,500. WESTCHESTER COUNTY. CORONER’S INQUEST.—AN inquest was held at Williamsbridge yesterday, by Coroner Bathgate, on the body of a child named Daniel Weich, nine years old, who was killed on the previous day by the caving In of abank. It appears that the deceased, with other children, at play in an excavatiol when loose earth tumbled down and buried him, producing suffocation before assistance arrived. A verdict was rendered in accordance with tue above facta, ‘ PROBABLE HomIcipR. —PatrickM ullen, a contractor, was arrested last Fridsyo n an order issued by Judge | Shipments to the Assisvant Treasurer at New York, Gilber§, of the Supreme Court, charging him with | $50,000; shipments to the Assistant Treasurer at having brutally assaulted @ man named Patrick | Philadelphia, $90,000; United States Depository at ateate arte hye on ee han, day, The | Boston, $25,000; United States Depository at New cause of the assault has not Tanspired, but 9 3 Ui Si the physician who attended Madden tested “that Oneaas, goal hi pide atten ek gd his {njuries were of an extremely critical nature, | Ls, $25,000; United States Depository at Charies- haan ate oe partiel eenmeinerae a | ton, $25,000; United States Depository at Cincinnati, A xamination th H accused was held in the sum of $500 to answer ay | #20:00% igh aah bir Sree metianes the next Court of Sessions, bak notes buried during the week, $187,300, Total amount burned, $16,883,544, Bank currency issued for bills destroyed during the week, $241,580. Total amount issued therefor, $16,212,435, Actual circula- Hon at this date, $299,705,410. Fractional currency/ redeemed, $264, 700, The Government Income, The internal revenue receipts to-day have been $408,287, and the total receipts for the month end. * ing to-day $10,818,326, Base Ball. ‘The Nationals, of Washington, yesterday defeated the Excelsiors, of Brooklyn, the score being 68 to 11, Seven innwge were played. A JERSEY BANK ROBBED, Yesterday Captain Petty, of the Fifth precinct, received intelligence through the Ninth Nativnal Bank of this city that on Friday night the First National Bank of Washington, N. J., was ontered by burgiars. When the offictais of the bank entered the building yesterday morning they disconvered the burglary, byt on soy ged to open the vauite aacertain the extent the robbery, the effort ved futile and the extent of their loss te not nown, It is, however, said that the funds on a Were 80 small that the standing of the iste ‘ation will not be seriously aiectod,