The business of the day begins about ten o'clock. The rap of the President's gavel opens the session, and as there is but one thing dealt in--gold--the bids follow the sound of the mallet. The noise and confusion are greater here than in the Stock Board or the Long Room, and it seems impossible to a stranger that the President should be able to follow the various transactions. When the excitement is at its height, the scene resembles "pandemonium broken loose." The members rush wildly about, without any apparent aim. They stamp, yell, shake their arms, heads, and bodies violently, and almost trample each other to death in their frenzied struggles. Men who in private life excite the admiration of their friends by the repose and dignity of their manner, here join in the furious whirl, and seem more like maniacs than sensible human beings. And yet every yell, every gesture, is fraught with the most momentous consequences. These seeming maniacs have a method in their madness, and are changing at every breath the value of the currency upon which the whole business of the country rests. When the fluctuations are very great, fortunes are made and lost here every hour. Connected with the business of the Gold Room are the Gold Exchange Bank and the Clearing House. The method of settlement with these institutions, which are indispensable where gold passes so rapidly from hand to hand in the Exchange, is as follows: "On or before half past twelve o'clock, a statement of all the purchases or sales made by each broker on the preceding day must be rendered to the bank. If the gold bought be in excess of that sold, a check for the difference must accompany the statement. If deposits in gold or currency are not kept in the bank, the coin must be delivered at every deficiency. The Board adjourns at twelve, in order to enable tardy dealers to complete their accounts. Provided all contracts are honored, the bank must settle by two P.M. In case of default, the amount in abeyance is debited or credited to the broker who suffers by the failure."