Salt Lake Telegram | 1929-09-24 | Page 13 | Today is the Anniversary Of

I A 0 BLACK SLACK FRIDAY FRID V j On September 24 1869 a finau finan panic began In N NeV Nw w York wk gold ro rose roc e to 1 after ater a a- 3 clique J t ed by Jay Gould and Colonel Colone Ja JIP Jain J isk Jr a a. daring at corner COrnel the market of or the tho P pr clo metal Black Friday Is te the tho naj applied to tile tUe two t disastrous tS' tS da dain 1 in financial history that follow now The gold soM ring purchased cJ abo in gold paying or nth agreeing to pa pay In n c CU The Time transactions were full rul swing swing with gold hitting 11 41 1 when the tIme United States telegraphed to o sell eel el IVO of or the tho golden metal Instantly tho end was reached ai gold Instant fell fel to IdO 10 th then n 33 and Ui li were no 10 buyers at any price I A disastrous panic ensued at te ing business business' in the tIme Unit d St Stand Sta and disrupting international t tr trad tra For o several months month the calo l i bon bonds in Europe was nf affected transactions of r that day The men who engineered red deals continued to sett settle tans tan's trans h lions in Iii which they u numerous tons court Injunctions settlement ot of the time deals In wh they the suffered buffered losses josses i While no lie definite figures v as estimated that ti available It was 3 gold cliques clique's profits were vere ab apt Sold on transactions till th J were willing to admit and nd th losses tosses on oil 01 those tose transactions wh the they refused to acknowledge tot l I