The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1873-11-07
NEWS OF THE WEEK,
EAST


The gold coinage at the Philadelphia mint
In October amounted to S11, ,01O, 600 in double
eagles. The gold weighed thirty-eight tons
New York advices state that the export
trade was never in a better condition than at
present Atleast, all the steamers leaving are
loaded to their utmost capacity, and rates
we're never higher than now. The import
trade has fallen away to almost nothing, and
steamers arriving are often but half full. This
falling of is especially noticeable in the amount
Of dry goods imported.
The silk mills Of Dexter, Lambert & Co.,
Patterson, n. j., have resumed operations
with force Of 200 hands
-Ihe Cunard Steamship company have de-
termined at an early day to establish daily
line between Liverpool and New York
One effect of the panic was the throwing
ont of employment of at least 2O, 900 working
girls from the different factories at Newark.
NJ.
Phelps, of Albany, New York, the default
ing cashier in the State Treasury department,
has been committed to jail in default of s15.-
600 bail. '
The Erie railroad is reducing the force in
the different shops along the line of the road
and the workmen retained will be put on three
quarter time.
The jury in the Stokes case returned a YER
dict of manslaughter in the third degree. and
Stokes was sentenced to four years in the
state prison at hard labor.
The receiver Of the First National bank is
verifying the accounts of the depositors and
other banks, and in about two weeks divi-
dend Of from 20 per cent. to 80 per cent will
be made from assets already collected.
Nearly four hundred mechanics and about
a Thousand laborers have been discharged from
the Washington navy yard, owing to the mon
ey running short in consequence of the large
improvements made in the yard during the
summer.
Some days since Mrs L. Myers, who was
held as witness on the Goodrich case, was re-
leased by an arrangement between the police
and the prosecuting authorities. She has con-
tinually asserted that, if she was released, she
would be able to put the authorities upon the
track of Roscoe and Beach, both of whom she
says are implicated. An officer has been dis
patched with her, and both are travelling the
country.
"A meeting of the furnace owners Of Pitts
burg, Pa, was held last week, at which every
furnace in the city and vicinity was represent
ed. 1t was unanimously resolved that reduc-
ton of six per cent. be made on all labor It
was the impression of most of those who we're
present that it would be very difficult to keep
the furnaces in blast, and that further re-
duction might be necessary to prevent entire
suspension.
Serious results of the panic are being felt
along the Hudson. The extensive brick-yards
near Poughkeepsie have all stopped, and the
employing carpenters and manufacturers are
working with half their usual force. The ex-
tensive print works Of Garner q Co., at Little
Falls, Cohoes, Rochester, Pleasant Valley,
Newburg and Haverstraw stopped Saturday,
and 10000 men are out of employment. The
firm paid $500, 900 a month to their employees.
Factories in other places have either stopped
work or reduced time and wages.
The effect of the late financial trouble is
beginning to be felt by the working classes Of
New York. In many trades large numbers of
operatives were discharged at the close of the
week for want OF employment, or for want of
funds to pay them. Three shoe manufacto-
ries closed Saturday night indefinitely The
employees in one establishment we're ordered
to work at reduced wages but the men de-
clined to work for wages below those estab-
hshed by the Crispins society, and were con-
sequently discharged. Nearly every trade is
affected similarly.
The piano, billiard and cigar manufactu-
rers and other producers of luxuries in New
York are conducting business with great cau-
tion. Large factories are being run on half
time and with half the usual force, while the
smaller establishments have in the main closed
altogether This course is made necessary by
the financial disturbances, throwing ont of
work large numbers of men and women. Ar
rangements are expected to be made whereby
mort of the factories will be able to keep their
hands at work part of the time at least, thus
preventing great deal of suffering.