proposing the resumption of operations Ex-Clearing-House. The measure took the members by surprise, for a moment quivered between acceptance and rejection, and then was swiftly tabled. It was an immense Bear scheme, for no exchange can transact business where its dealers are under suspicion. All outstanding accounts require immediate fulfilment. Failure to make good deliveries would have insured the instant selling out of defaulters ‘under the rule.’ As the majority of brokers were inextricably involved in the late difficulty, the only consequence would have been to throw them into bankruptcy, thus bringing some $60,000,000 under the hammer. The market could not have borne up under such an avalanche. It was decided that the Room should be kept open for borrowings and loans, but that all dealings should be suspended. One result of this complication was that gold had no fixed value. It could be bought at one house for 133 and at other offices sold for 139. The Board thus proved its utility at the very juncture when least in favor.”
XVI. THE FERRIES.
Including the Harlem, Staten Island, and Elizabethport routes, there are about twenty-five lines of ferries plying between New York and the adjacent shores. Ten of these lines are to Brooklyn, two to Hunter’s Point, two to Green Point, one to Mott Haven, and one to Harlem, all in the East River; and five to Jersey City, one to Weehawken, one to Fort Lee, two to Staten Island, and one to Elizabethport, all in the North River. Thus there are sixteen lines in the East River, and ten in the North River. The boats are large side-wheel vessels, capable of carrying pedestrians, horses and vehicles. The fare to the Jersey shore is three cents, to Brooklyn two, and to Harlem and Staten Island ten cents. On some of the lines the boats ply every five minutes; on others the intervals are longer. The Staten Island and Harlem boats start every hour.
The boats are generally handsome, as well as large. Nearly all are lighted with gas, and at least a score of them are to be seen in the stream at any time. At night, with their many colored lamps, they give to the river quite a gala appearance. The Fulton, Barclay, and Courtlandt street lines run their boats all night. The others run from 4 A.M. until midnight. The travel on the various lines is immense. The aggregate is said, by reliable authority, to be upwards of 200,000 persons per day, or about 75,000,000 per annum. Many of the boats carry from 800 to 1000 passengers at a single trip.
During the summer it is pleasant enough to cross either of the rivers which encircle the island, but in the winter such travelling is very dangerous. Storms of snow, fogs, and floating ice interfere very greatly with the running of the boats, and
render accidents imminent. Collisions are frequent during rough or thick weather, and the ice sometimes sweeps the boats for miles out of their course. The East River is always more or less crowded with vessels of all kinds, either in motion or at anchor, and even in fair weather it requires the greatest skill on the part of the pilot to avoid collisions.
Tens of thousands of people enter and leave the great city daily by means of the ferries. The country for twenty miles around the city is built up by persons who earn their bread in New York, and morning and evening they pass between their places of business and their homes. You may recognize them as they come into the city in the morning, or as they leave it at the close of the day. Towards five o’clock vast swarms of working-men pour over the river, followed at six and seven by the factory and shop girls, the clerks and salesmen in the retail houses and offices, and from these the newsboys reap a harvest for the two-penny papers. Every one has his newspaper, and all who can find the necessary space on the ferry-boat economize their time by reading the news as they cross the river. Later still come the clerks in the wholesale houses, and later still the great merchants themselves. Between nine and ten the Wall street men put in an appearance, and later yet the great capitalists, residing out of the city, begin to show themselves. From eight o’clock the great dailies are in demand, and the newsboys have scarcely a call for the cheap papers. Towards noon the idlers and ladies bent on shopping expeditions cross over, and for a few hours the ferries are comparatively dull. Towards four o’clock in the afternoon, however, the tide flows back again, but in reverse order. The richest come first, for their working hours are short, and the poorest extend the crowd into the hours of darkness. Night brings another flow and ebb of pleasure-seekers, theatre-goers, etc., so that the midnight boats go almost as full as those of the early evening. Then a few stragglers avail themselves of the boats that ply between midnight and morning. They are mostly journalists, actors, or printers employed in the newspaper offices.
With the first light of dawn, and frequently long before the
darkness has passed away, the market farmers and gardeners of Long Island and New Jersey crowd the boats with their huge wagons heavily loaded with vegetables and fruits for the city markets. They come in throngs, and the approaches to the ferries in Brooklyn and Jersey City are lined for blocks with their wagons. They are mostly Germans, but they show a decidedly American quality in the impatience they manifest at the delays to which they are subjected. On the lower Jersey ferries, they are often followed by droves of cattle, many of which have come from the Far West, all wending their way to the slaughter houses of New York.
The New York approaches to the ferries are always “jammed” with wagons and trucks. The luckless “foot-passenger” must take the chances of reaching the boat in time, and often must incur no little risk in making his way through the crowd of vehicles. The police try hard to keep these approaches free, but the throng is too great for them, and they have all they can do in seeing after the safety of the “foot-passengers.” A man on foot has no rights that a New York driver is bound to respect, and Jehu thinks it no harm to run over any one who gets in his way.