September 14. News in town not much, except the money panic, which is farther than ever from relief. Wall Street stocks panting and trembling under a pressure that reminds one of the financial tragedies of 1837. Prophets of evil say that if it last a week longer everything must go down in wreck, that this is but the beginning of trouble, and that a general smash is certainly close at hand. Things look very blue, undoubtedly. There have been several most startling apprehensions of old houses in the best credit; for example, G.H. Swords, and Allen of Providence, whose wealthy manufacturing concerns are brought down by the failure of one of the Swans (!) and will make a very bad show of assets, it is said.
The Diary of George Templeton Strong, Edited by Allan Nevins and Milton Halsey Thomas
The Diary of George Templeton Strong, Edited by Allan Nevins and Milton Halsey Thomas