Evening star. [volume] (Washington, D.C.) 1854-1972, 1857-10-14
Items Touching the Times

A new Savings Bank has been established At
Columbia, >. G.. ...s
cent experience of the Salem savings banks is
directly contrary to that of similar institutions in
other parts. Instead of being withdrawn, the
deposits have considerably increased during the
panic.
The New England worSled mills. in obedience
10 the demands of the times, held conference
with the overseeTs of their mills in regard to a
reduction Of wages of l2H per cent, to which the
operatives agreed Afterwards number of the
operatives Left but the mills going on as usual
IL Is stated that A. Il A. Lawrence Co have
determined to shorten their credits both for
home and. export sales. Six months is the long.
est time given to jobbers and large dealers who
buy by The package only, and eight months to
exporters and shippers Of American goods.
The rumors as to the effect of the times ON the
Morris Canal Company appear to be, in some i'm
portant features, incorrect private note from
an oncer IN the company says the company have
wisely, as they think, postponed all Improvement
OF thelr works, but have not discharged a SINGLE
ooafman The reduction up to the Sd inst is
htally So,OOO, as compared with the same period
Iast year, but the amount of income is greater
than IN any year previous to the last
The Charleston News has the following notice
Of the banks Of that State: SThe banks Of south
carolina cannot suspend. a suspension is made
by law, forfeiture of charter, ipso facfo They
must pay through any run or pressure TO the last
dollar in their vaults Before this result could
be reached with all its disasters, the people of
South Carolina, who were never freer from en-
barraSsment, could and would sustain them with
such large supply of agricultural products,
and convertible at once into sustaining credits or
specie, that the resources of the banks could be
realized to any needed extent.n
The Michigan Central Railroad Company dis
charged no less than five hundred of their en-
ployeeS on the first day Of the month and will
soon discharge more Messrs IeksonS Wiley.
or Detroit, discharged the GREATER part of the
men employed in their extensive iron works al
the same time, being over ono hundr red in num-
eer Tue Detroit Locomotive Works also is
charged thirty men, selecting those who had no
families 10 provide for. They will dispense
with the services of a large number more as soon
As lhe locomotives now under process of construc-
ZION are completed, which will be in the course
of few weeks
A letter from Manchester, y. III dated Oct :
says For the three last DAYS Of this week III,
coton factories have suspended operations Tn,
Manc hester and AmOskPag corporations ring on
their help at five O'Clock, instead of Guarier Il
seven, as heretofore, which makes a difference O
~ hours during the five DAYS they work in Z
week. for this, a reduction of pay is made til,
same az though it Were the loss of Il whole day
In the = big shop on the Amoske 100 hand,
have been notified that their services will not hi
needed after completing their jobs now unde
way, winch Will he done in the course of a WEI 1
or two. Notwithstanding the had looking pros
pect there Il good courage left. and we are bound
10 live in spite of the worst
The Charleston Courier of the 9Th inst saws
We unueistdhd that WITHIN the last two ddy,
some two thousand bales of cotton have beGI
sold IN this market. sixteen hundred Of which
were taken yesterday, and that negotiations To-
me same have been made in sterling at par and
francs at , 52H as SIS and one of our BANKING in
sttntions has signifed its intention to aid The
mercantile community in this way II only 10 :
Limited extent. We rejoice TO notice and record
these facts, as they evidence the return of a bet
ter state of things, and sincerely hope that they
are the harbingers Of returning confidence Oul
staple as was naturally TO he pected under the
circumstances. has materially declined in value
noiosfs having been forced 10 submit to sacrifices
TO effect sales. The transactions of Yesterday
snow decline of full two cents, and perhaps
Little over, from the highest point of the market