Anxious Day in Wall Street
Excited Crowds Throng New York Financial District—Detectives
Guard Morgan, Schwab, and Others.
New York, Sept. 13.—[Special.]—The
effect upon Wall street of the news that the President was sinking
was evident throughout the financial district. By the time the district
had begun its business day the streets were filled with newsboys,
whose early extra editions of the afternoon papers were constantly
being sold out. The demand for the extras came from the great army
of employés, clerks, and subordinate officials in the various institutions
as steadily as from the heads of the banks and the brokers themselves.
Before the opening of the stock market
two of the news agencies of the street put up bulletin boards and
began the work of posting their information, and around these bulletin
boards there were great crowds all through the day.
Morgan Anxious for News.
J. Pierpont Morgan was at the banking
office of his firm before 11 o’clock this morning. He was, during
the entire day, when he had no caller, preoccupied and intensely
interested in every item of news concerning the President’s condition.
Among his callers were General Benjamin F. Tracy, who talked with
him and his partner, Mr. Bacon; Charles R. Flint, President Cannon
of the Chase National Bank, President George F. Baker of the First
National Bank, and Charles M. Schwab, President of the United States
Mr. Schwab left Mr. Morgan at 4:20
p. m., and five minutes later Mr. Morgan came out of the main entrance
of his banking house. A detective met him at the foot of the steps
and conducted him to his coupé. He was driven up-town.
Detectives Guard Rich Men.
During the day there was an extra
force of detectives in Wall street, and Inspector Nichol Brooks
was in the neighborhood of J. P. Morgan & Co. Two detectives
were detailed to accompany President Schwab wherever he went.
The customers’ rooms of the various
brokerage offices were not crowded at any time except in the case
of well known offices. This in itself was referred to constantly
as one of the surest evidences that the general public at this moment
has no large speculative interest in the course of securities, and
this fact was pointed to in support of the belief that if the large
financial interests were able to protect their own position in the
market practically the whole situation would be protected.
Crowds Watch the Traders.
In the galleries of the various exchanges
many women spent hours of the day watching the movements of the
brokers on the floors of the several markets. The largest number
of spectators was to be found in the Produce Exchange gallery, where
they could watch not only the grain brokers but at some distance
the scenes on the floor of the Stock Exchange.
In the gallery of the Consolidated
Exchange there was another crowd of spectators who were able to
get a more definite idea of the appearance of an exchange on a nervous
day by reason of the nearer location of the gallery.
False Reports of Death.
Three times during the day the number
of inquirers at the various telegraph offices was unusually swelled
because of reports that the President was dead. The first of these
reports gained currency about 11 o’clock, and traveled so swiftly
that it might be said that nearly every prominent brokerage house
was seeking confirmation or denial within fifteen or twenty minutes.
This report was dispelled by a dispatch
stating that the President was sleeping quietly, with no change
in his condition.
Shortly after 1:30 o’clock the second
of the alarming reports came. Within an hour after this report was
shown to be without foundation there came a third, with the statement
that the flag on one of the up-town hotels had been placed at half-mast.
The last report was more quickly denied than the others, and it
was learned further that the flag in question had been lowered through
mistake, and had already been run up to the top of its mast again.