The New York herald., 1873-11-10
OHIO.
The Aspect In Observation-Disclosures
Ragtags Creating DiscOntent Among
the Unemployed.

tnc UnompIOycOs
CINcINNATr Nov. T. 1873.
The In nammation seems to have been let out Of
the financial sore, but it is in no wise healed. Two
weeks is very long time to men out OF employ
ment and without the means OF support. Time
hangs heavily with them, and, accustomed to pay
for what they get every week at farthest they
feel driven to the wall at the end OF that time.
when they have nothing better than promises to
pay the grocer. 1t must be apparent that when
the laboring classes are reduced to ask credit for
the common necessaries OF life the condition liz
very bad. Such is the case here to q
great extent; but there Is no actual
suffering, lor there is an abundance OF produce In
store but the shrnkage OF values is such that to
sell seems suicidal. Every transaction almost In.
wolves loss at this time: but AFFAIRS falling int
such an adjustment shall distribute the loss all
round so that the burden will easily borne.
There is great depression In trade, owing partly
to the apprehension OF monetary troubles In
Europe, which might materially affect the value OF
exports; but II Is to be kept in view that the
moment the sunshine appears the thermometer
will rise, the sap win now and plenty will appear.
The trouble now Is to get at It, HOW much does
1t signify to men out OF employment what the re-
sources or trade area There might as well be no
people cannot be fed BY looking at the loaves IN
It has been the desire as well as the policy Of
least, and to effect this an exchange or products
has been carried on to the desired extent. The
has prevented mischief. which always grows odt
Of the discomfort and idleness OF q stagnatt0n OF
industry the en- number Of operatives rat out o. EN-,
Tor the peace OF the community, the situation v
made the occasion for Illuminating dlscontent BY
formers, and who are identiaed with labor
movements and popular demonstrations
local election or q presidential campaign. These
pests, as far as Cincinnati Is concerned, are not
workers; they are industrious idlers, breeders 0a
sediton, disturbers OF the peace and theoretc IN.
cendiarles This is no figure OF speech it is literal
truth. The murder OF Crispin lew months age
OF labor reform teaching, as insanely opposed to
capit8. Ii one OF these fellows can only get
cuilp A derived de- '1 rom % Clubbing the Admiral ana
dancing his demon dance around the battered and
discarded 1gure-head
and business Afforded rare opportunity for bIath-
erskltes OF the labor reform kind to shoot OF their
mouths but the newspapers paid very little atten-
ent event Is concerned 1t proved abortive for
them. Our status TODAY is this:-ln the banks
the pressure for discounts Is not severe. Tho
Clearing House Association Committee surren-
dered its trust, all certificates were taken up and
single failure they have, however, nearly ali de-
termned hereafter not to paw interest on current
deposits The pork merchants have made few 4
because there Is q very large amount OF old stun
held at loss. Very few hogs have been packed
thus far. Il
An EFFORT was made to-day to settle the Gaylord
Pipe and Iron Company failure, Joint stock
concern--liabiities $1,000, ooO-by giving 1t six,
twelve, fifteen and eighteen months time, the
settlement to be for iull value, and 1t 1s not I'm.
probable that 1t viii be Effected. The failure OF
only other smash In this city. The concern was
involved seriously q few years ago and may have
been shaky since. No estimate OF the liabilities
has been made, but they must figure in the hun.
dreds OF thousands, and the smash Is considered
complete and disastrous at least tnat Is the street
rumOr.