Memoirs of General William T. Sherman-1 [83]
of our Western correspondents were, and it taxed my tune to watch their interests. In September, the panic extended so as to threaten the safety of even some of the New York banks not connected with the West; and the alarm became general, and at last universal.
In the very midst of this panic came the news that the steamer Central America, formerly the George Law, with six hundred passengers and about sixteen hundred thousand dollars of treasure, coming from Aspinwall, had foundered at sea, off the coast of Georgia, and that about sixty of the passengers had been providentially picked up by a Swedish bark, and brought into Savannah. The absolute loss of this treasure went to swell the confusion and panic of the day.
A few days after, I was standing in the vestibule of the Metropolitan Hotel, and heard the captain of the Swedish bark tell his singular story of the rescue of these passengers. He was a short, sailor-like-looking man, with a strong German or Swedish accent. He said that he was sailing from some port in Honduras for Sweden, running down the Gulf Stream off Savannah. The weather had been heavy for some days, and, about nightfall, as he paced his deck, he observed a man-of-war hawk circle about his vessel, gradually lowering, until the bird was as it were aiming at him. He jerked out a belaying-pin, struck at the bird, missed it, when the hawk again rose high in the air, and a second time began to descend, contract his circle, and make at him again. The second time he hit the bird, and struck it to the deck.... This strange fact made him uneasy, and he thought it betokened danger; he went to the binnacle, saw the course he was steering, and without any particular reason he ordered the steersman to alter the course one point to the east.
After this it became quite dark, and he continued to promenade the deck, and had settled into a drowsy state, when as in a dream he thought he heard voices all round his ship. Waking up, he ran to the side of the ship, saw something struggling in the water, and heard clearly cries for help. Instantly heaving his ship to, and lowering all his boats, he managed to pick up sixty or more persons who were floating about on skylights, doors, spare, and whatever fragments remained of the Central America. Had he not changed the course of his vessel by reason of the mysterious conduct of that man-of-war hawk, not a soul would probably have survived the night. It was stated by the rescued passengers, among whom was Billy Birch, that the Central America had sailed from Aspinwall with the passengers and freight which left San Francisco on the 1st of September, and encountered the gale in the Gulf Stream somewhere off Savannah, in which she sprung a leak, filled rapidly, and went down. The passengers who were saved had clung to doors, skylights, and such floating objects as they could reach, and were thus rescued; all the rest, some five hundred in number, had gone down with the ship.
The panic grew worse and worse, and about the end of September there was a general suspension of the banks of New York, and a money crisis extended all over the country. In New York, Lucas, Turner & Co. had nothing at risk. We had large cash balances in the Metropolitan Bank and in the Bank of America, all safe, and we held, for the account of the St. Louis house, at least two hundred thousand dollars, of St. Louis city and county bonds, and of acceptances falling due right along, none extending beyond ninety days. I was advised from St. Louis that money matters were extremely tight; but I did not dream of any danger in that quarter. I knew well that Mr. Lucas was worth two or three million dollars in the best real estate, and inferred from the large balances to their credit with me that no mere panic could shake his credit; but, early on the morning of October 7th, my cousin, James M. Hoyt, came to me in bed, and read me a paragraph in the morning paper, to the effect that James H. Lucas & Co., of St. Louis, had suspended. I was, of course, surprised, but not sorry; for I had always contended
In the very midst of this panic came the news that the steamer Central America, formerly the George Law, with six hundred passengers and about sixteen hundred thousand dollars of treasure, coming from Aspinwall, had foundered at sea, off the coast of Georgia, and that about sixty of the passengers had been providentially picked up by a Swedish bark, and brought into Savannah. The absolute loss of this treasure went to swell the confusion and panic of the day.
A few days after, I was standing in the vestibule of the Metropolitan Hotel, and heard the captain of the Swedish bark tell his singular story of the rescue of these passengers. He was a short, sailor-like-looking man, with a strong German or Swedish accent. He said that he was sailing from some port in Honduras for Sweden, running down the Gulf Stream off Savannah. The weather had been heavy for some days, and, about nightfall, as he paced his deck, he observed a man-of-war hawk circle about his vessel, gradually lowering, until the bird was as it were aiming at him. He jerked out a belaying-pin, struck at the bird, missed it, when the hawk again rose high in the air, and a second time began to descend, contract his circle, and make at him again. The second time he hit the bird, and struck it to the deck.... This strange fact made him uneasy, and he thought it betokened danger; he went to the binnacle, saw the course he was steering, and without any particular reason he ordered the steersman to alter the course one point to the east.
After this it became quite dark, and he continued to promenade the deck, and had settled into a drowsy state, when as in a dream he thought he heard voices all round his ship. Waking up, he ran to the side of the ship, saw something struggling in the water, and heard clearly cries for help. Instantly heaving his ship to, and lowering all his boats, he managed to pick up sixty or more persons who were floating about on skylights, doors, spare, and whatever fragments remained of the Central America. Had he not changed the course of his vessel by reason of the mysterious conduct of that man-of-war hawk, not a soul would probably have survived the night. It was stated by the rescued passengers, among whom was Billy Birch, that the Central America had sailed from Aspinwall with the passengers and freight which left San Francisco on the 1st of September, and encountered the gale in the Gulf Stream somewhere off Savannah, in which she sprung a leak, filled rapidly, and went down. The passengers who were saved had clung to doors, skylights, and such floating objects as they could reach, and were thus rescued; all the rest, some five hundred in number, had gone down with the ship.
The panic grew worse and worse, and about the end of September there was a general suspension of the banks of New York, and a money crisis extended all over the country. In New York, Lucas, Turner & Co. had nothing at risk. We had large cash balances in the Metropolitan Bank and in the Bank of America, all safe, and we held, for the account of the St. Louis house, at least two hundred thousand dollars, of St. Louis city and county bonds, and of acceptances falling due right along, none extending beyond ninety days. I was advised from St. Louis that money matters were extremely tight; but I did not dream of any danger in that quarter. I knew well that Mr. Lucas was worth two or three million dollars in the best real estate, and inferred from the large balances to their credit with me that no mere panic could shake his credit; but, early on the morning of October 7th, my cousin, James M. Hoyt, came to me in bed, and read me a paragraph in the morning paper, to the effect that James H. Lucas & Co., of St. Louis, had suspended. I was, of course, surprised, but not sorry; for I had always contended