The New York herald., 1872-11-12
THE HIDE AND LEATHER TRADE.

The leather dealers In the Swamp who have
large business connections With leather and shoe
houses In Boston were naturally in great state Of
excitement yesterday over the news from the
"Hub." The leather trade OF the Swamp with the
Boston houses amounts to millions OF dollars
yearly, and as report at FIRST gave it out that every
large wholesale boot and shoe house and hide and
leather house In that city had been "cleaned
out" the dealers here were busily engaged oil
day In ascertaining how and to what ex-
tent the disaster would AFFECT them. II should
not be taken for granted that all the leather
men In the Swamp deal with Boston. The fact is
that not over forty houses do business In large
way with the Hub, but as those who DO are Of the
largest In the "valley," 1t was reasonable for out
siders to suppose that the damage to the business
by the fire would be immense. In order to ascer-
tain all the facts bearing the question HERALD
reporter yesterday made careful tour OF
THE SWAMP REGIONS
and was very much surprised to ind nothing like q
panic anywhere. Every one OF the drms called
upon conceded that their customers In Boston had
undoubtedly lost heavily, but they were OF the
opinion that the misfortune would only be tenn
porary one. The losses even In prospective to the
New York dealers, 1t was ascertaned, would not in
the aggregate amount to great deal. All the
houses in Boston having dealings with the Swamp
were all "soid," and it was the general impress
sion that the disaster would not even interfere
with their going right on with their business
within few days-just so soon, In fact as they
could get room enough TO work in. Indeed, while
the reporter was going his rounds he met several
OF the leading dealers, who not only talked con-
fdently of there being no real great loss In the
long run to the men In the business In Boston
that Is. a loss so great as to put them out of
the business entirely, but who asserted that
many Of
who had been burned cut had already yesterday
Monday morning called in and given new and
haS a
the wherewlthal to build up anew 'A0u see,"
said prominent dealer In Cliff street to the re-
are heavy losers by the fire are by no means ruined
as people have been led to believe. They are for
the most part men Of great wealth; indeed may,
from personal knowledge, say the same thing Of
all the merchants who have been burned out. They
WANT NO PECUNIARY AID,
though they may, on account OF their embarrass-
ments want a little extension OF time to meet
their liabilities The case in Boston, in my opinion,
is Just the same as If Wall street and few OF our
wholcsale-hOuse streets were burned out in this
city. 1t Is not like Chicago, where not only the
business portion, but also a large portion Of the
very little OF any distress Of that kind in Boston
OF people deprived or their homes, of whole iami-
lies turned out into the streets to .d shelter
In few weeks the business men there, now
ONLY TEMPORARILY DISABLED
will be on their feet again." Among other promi-
nent dealers called upon was Jackson S. Schultz.
He was found In his office poring over pile OF
On MS dess , Ssd ssa the
his views as 10 what the dealers in New York had
to expect from the catastrophe :-"There is no
trade doing business with Boston has been more or
less bitten, but not one has been In any way really
ses aneS sfre s sy srs sSo%
In the fire. don't now speak OF lines In boots and
shoes, &C. but it should be borne in mind that but
THE LARGE JoBBERs
or dealers there keep their whole stock on hand In
the one place. Many houses here hold great deal
Of stock belonging to the Boston houses. For In
stance the latter purchase several thousand sides
and leave them here. Every once in while they
hundred to that and so on, just as they require
them. Again, you must bear in mind that the
stock OF the Boston houses Is scattered
AMONG THE TANNERIES,
and In many cases among their branches and
workshops. They get a large quantity OF leather.
to their factories. so you will see that most
Of them have not been completely swamped."
Ars =, there ,n heavy losses among the leather
'.Not Of any account. The only risk the New
York houses run is simply this III the insurance
course, the New York houses viii not beosers, but
II they DO not why, then, they will lose more or
.'In what way, directly sr
''We, In the matter OF the credits. Goods are
bought by the Boston men on thirty days. and six
when their notes become due they cannot
meet meet them, why, as a. matter OF
Which they these oaay OF mot nougsy get r A.
the New YORK houses will have to take what they
can get-as many cents on the dollar as they can
that the men there IN our business are all,
AS RULE, WEALTHY MEN,
and Will be right side up again in thirty days.
haven't the slightest doubt OF it. You hear, doubt
less, OF good many men being ruined. concede
that the disaster Is terrible Oae that 1t has
ried down ito, to utter 1T want many man few
far as am able to learn large number supposed
to have lost their all will come out all right as soon
in the leather trade in Boston who Is set down as
ruined yet his loss cannot be over a hundred and
fifty thousand dollars, and he Is worth largely over
what about the losses in this city in the trader
VIM the fire bring the trade to stand stilY'
Their
CREDIT Is GOOD.
and the trade knows that within few months
every one will, with no great disaster in the
future, be able to meet his liabilities to the last
vSn,; a; tSa ~. course as SAID before great des q
panies.n
The reporter paid visit to another large dealer
same views as Mr.. Schultz. In fact, he said that
the leather trade had escaped remarkably well.
AiC leNSiNSu eSiSeIotAs HOu DostOu WulCu
showed that
THE LOSS IN BOOTS AND SHOES
was very heavy, but that there was not fortu.
natey, very large stock on hand. "Here,n said
he, handing the reporter a telegram, "this ap-
peared In the Boston Advertiser OF to-day, and it
only goes TO confirm what have already told you.n
The extract from the article In the Advertiser reads
as follows:-
"All the old boot and shoe firms are solvent, and
even strong as before the fire. and by their sol
vency will preserve TO Boston unimpared their
very valuable line OF business. Very many OF the
jobbing firms, also, in the same llne came out OF
the fire with large Losses 1t Is true, but
ABLE TO MEET ALL THEIR ENGAGEMENTS
and to continue their business The destruction OF
boots shoes and leather has been quite complete, al
though the stock OF boots and shoes In warehouses is
much lighter at this than 1t would have been
about month later, and tile loss will consequently
he less to the owners Besides this large quanti-
ties OF boots, shoes and leather saved, which
Will materially lessen the loss of the sufferers
Now, you can see for YOURSELF said the leather
merchant, "that all you have heard among our
trade IS borne out by the facts. There is nothing
like
WITT