New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-08
fall the test win be. VINO make the largest guam
tity with the least expense a."

fa the test VIII VINO make tue largest guam
tity with the least expenser"
OPERATIVES FORCED TO PRACTICE ECONOMY.
" The American Company will DO content with low
profits on enormous production, and small concerns
must succumb. SO, what with the panic and the
overcrowded business there is little hope that the works
will be run full time for months TO am hoping.
said Mr. Enge presently to raise the running time to
fourffthseight hours per day-but probably shall not
exceed that a long time There is tacit agreement
among manufacturers to cut down production and keep
back their stocks lest they should break down the
market The National Screw Company OF Hartford,
Conn.,, which has capacity OF 5000 gross per day. has
been making only 700 gross but OF course could not go
that way long without stopping altogether, ana Is
to increase this figure to 1900 gross.
The reduction will compel the operatives to practice
rigid economy this Winter although they getting
thIee-ffths wages whereas other mills run
ming half time and their hands get only hait pay
When raise running time to f0uf-ths there can
DO no distress cur employees We nave Deen pay
ing fair wages and have given hands opportunities W
do piece-wOrk. Twenty years ago these mills began e
blowing girls and were tho first works in this vicinity to
employ females In any work connected with iron NO"
example has been extensively followed, and young
women make up large proportion OF the employees IN
this city and State They are more easily con'ioiieu'
are neat and quick The girls we employ are generahy
OF good character tidy appearance, and wen
Some OF them belong to very worthy families lhey
iNN-'
some get US much as $40. IL will be readily under
stood that small part OF tue pfonts VI
the American Screw Company must be que o, 10
ploy. some, however, who came here cannot mako
Their living. Everything depends on their readiness
industry Ii cannot be denied that the ION VI
wages twO-ths. bears hard on the gis We employ ior
the price board has not declined any Those OF our
employees who 1--WE their own families Will get ATOM
much better than those who ore boarding OUT lor
bers OF family all help each other III tne prscuce Vi
bni Inc times are very hard for the boarders
Most OF the young women can however, II they posV
find work in domestic service Inere Is eIeat ~
OF domestic servants in this city, but girls snow an ~
viDcible repugnance TO house WORK. unless .e1y Inc
the easy position OF second girl ana they usn 70 ~
mills where they have their evenings anu 0ua1"'S
-''" Liberal ACTION OF THE BANKS.
yo reduction OF numbers or wages will be made by
the American Screw Company. 1t mas always uealed
its hands well When mills generally run II hours ran
H. and when manufacturers IN general came gov"
10 If hours under the TenhOur law the Company ran III
with no reduction of wages. Wages have never oeeh
reduced by this Company in times Of hnanch depreS
son and the hands got their pay III full In cash.
Dnrinr the scarcity OF currency bank has supplied
us at great paius itself Tde Providence BANKS gen
orally acted very Literally ana nave cur
reucy made discounts far as possible There mas
been expression of opinion among hhode lslahu man
ufaeurers III favor OF tue interference OF %
by the OF or Otherwise Incy nave Deeh
grossly msrepresented In tins regard Idcy ieei tndt
they get over the troubles II Iet 70 themselves tno
Sprague suspension has not caused any serious auui
tOnal apprehension as IL Is unVereaiy thougny ,uat
scneme Will be carried OUT ana there WIN oe
no proceedings the house should 20 into
bSnKrnntcy it would cause much suG.rlng from tine
stOppage mills but il could not Grippe the pankS
or other manufacturers 10 any great extent thoIsh IL
lgh cause much shrnkage OF prices. lhere nas oeth
able objection raised the trustees named but
n can hardly Dc possible chat the proposed arrangement
will DC rejected by the creditors
THE CoRIIsS ENGINE WORKS RUNNING AS USUAL
The extensive Corliss Steamengine Works, of which
the inventor OF the COrss engine, George H. Coriss Is
the treasurer are situated in the extreme northern part
of Providence the line of the Boston ana Providence
Railroad. Mr. COrliss who is Commissioner Tor Rhode
Island Commission on the Centennial Exposition
of 1876 and has absent recently In Philadelphia ON
business OF the Commission gave his views OIL the stua-
ton with entire frankness About 700 men are now en-
ployed ms works, where the special machinery ana
"a h y.rl of t,sce the numl,r in other stab shens
No special reduction in Number, wages, or hours
has yet been made ON account OF inc pane lhuuSu
Orders for engines have pot ceased entirely, bus are
very few and small In tho general dstrdSI anu com
picaton business relations, people are very shy of
emh,rkinQ In new enterprises IN extending their
works. The orders now on hand Will Aeep the force
bus, considerable time, after when, II the depfes
sion continues, the running time may be shortened
There Will be lesseDihg OF wages or special reduction
OF hands Men are dropped OFF In small numbers ever
Few DAYS others of TRIAL aud st out the
best. '.Tne Corls' Works will PROBABLY have some
actiyity when others are dle' sald Mr. COrliss Tor
some mills substituting COrls5 engines III place 81
othefs Many mills nave been hsKihg idfee au-
tions ana improvements 80 mat they VIII DO III
batter position to resume when ACTIVITY returns.
A. my opinion this depression cannot last many mouths
Ile resources OF me eOuuuy are 50 great a ' , o
dalton OF it's prosperity 40 BROAD tat tho troubles must
feeting There VIII PROBABLY De cldlbe
ter during Winter. DO not THINK that Rhode Island
manufacturers generally feel The need OF Interference
bv The Government. There have been few reductions
prices in this neighUorh0od Some mus nave
stopped ana others gone half time, but MIL
owners are ANXIOUS to prevent suffering among opera
tyes and do not dIsperse them. IL may Reason
ably be expected mat the mills now closed VIII reopen
ere long. and that reduction IN hOurs-nOt IN inca or
Waees-WlL DO the usual course
COLLECTIONS DIFFICULT.
The banks have dealt literally with the manufactur
ere fayonng them freely in the renewal OF discounts,
etc. Some OF the cotton manufacturers have q great
deal of paper ahoat but most OF them wealthy and
strong and they viii undoubtedly pull through. The
difficulty getting currency TO pay has been
great and some employers have not paid In full, but
those who have large bank balances get supplied with
less trouble than others. At the Corliss Works
the men have been paid regularly in full. Tue
RESUMPTION OF unrestricted currency payments
by the banks would make the money market much
easier and tighten business relations Collections are
now made with great difficulty. Even II no orders
for engines should come in, shall not cut down my
force but shah present ly put them at work on the
largement OF the Corss Works, which intend SHALL
within a few years, double their present capacity;
shall employ 900 men, and be fitted with every app
ance for saving labor, perecng and expediing opera
tons. The COrliss have made their to En-
gland and the Continent and Intend to push and en-
large their sale in foreign countries"
LANsINGBURGH AND TROY.
u,Yp rrrr ppusUNAKFRs OFT OF FMPLOY-IJNFM-