Terror on Wall Street
At approximately one minute after twelve o'clock, the abandoned wagon's timer reached zero in the pleasant afternoon sun. A bomb consisting of one hundred pounds of dynamite packed with five hundred pounds of cast-iron slugs violently vomited red-hot shrapnel and destruction in every direction. A number of passers-by were instantly vaporized by the extreme heat and pressure. The blast sent a nearby automobile careening through the air as countless jagged iron fragments ripped through the crowd. The nearby structures trembled as the shock wave slammed into their outer walls with tremendous force, shattering windows and turning lobbies into lacerating hailstorms of glass. Many of the cloth awnings which overlooked the street burst into flames. Within a half-mile radius thousands of plate-glass windows burst in the city's tall buildings, peppering the streets of Lower Manhattan with razor-sharp glass shards.
An Associated Press reporter named George Weston witnessed the blast from the protection of a doorway, and later described the scene:
"[It was] an unexpected, death-dealing bolt, which in a twinkling turned into a shamble the busiest corner of America's financial center. […] Almost in front of the steps leading up to the Morgan bank was the mutilated body of a man. Other bodies, most of them silent in death, lay nearby. As I gazed horrorstruck at the sight, one of these forms, half-naked and seared with burns, started to rise. It struggled, then toppled and fell lifeless to the gutter."
One of the Stock Exchange's messengers, Charles P. Dougherty, described the scene to a reporter for the Sun:
"I saw the explosion, a column of smoke shoot up into the air and then saw people dropping all around me, some of them with their clothing afire."
The bustling Stock Exchange shook as its large windows burst inwards, however most of the occupants were spared injury due to the massive silk curtains which deflected much of the glass. Running was strictly forbidden on the trading floor, so the president of the Stock Exchange sauntered to the rostrum to sound the gong to halt the day's trading as a yellow-green mushroom-shaped cloud stretched into the air.
Outside, pandemonium quickly set in. Those who heard blast from the surrounding blocks rushed into the area to see what had happened, trampling over the bodies of the dead and injured. The air was saturated with smoke and dust from the explosion and the ensuing fires. The cobblestone street was scattered with the twisted wreckage of cars, buildings, and humans as the echoes of the explosion slowly faded. A fatally wounded messenger boy pleaded for someone to deliver his securities, and a clerk, having lost his eyes and his feet in the blast, tried to blindly crawl towards safety. A woman's severed head, still wearing a hat, was stuck to the facade of the JP Morgan building.
Thirty people had died in the first few moments, and ten were mortally wounded. Some 300 other men, women, and children were injured. Many staggered towards the Trinity Church to escape the choking smoke. Another wave of panic rippled through the crowd as word spread that another bomb was set to go off nearby, but the rumor proved untrue. News of the disaster spread quickly, and within thirty minutes the street was filled with hundreds of New York City policemen and Red Cross nurses who had rushed to the scene by horse, car, subway, and on foot. The rescue workers cleared the road for ambulances and lined up the multitude of corpses along the sidewalk. Meanwhile well-armed security officers guarded the US Assay office, where $900 million in gold bars were being stored. Within the hour troops from the 22nd Infantry arrived, marching down Wall Street with rifles and bayonets at the ready.