Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1873-11-13
NEWS SUMMARY.
Tho East.

The East.
r The Beecher- Bowen Tilton scandal is again
sinking in the nostrils of the Brooklynites.
Elton has been summoned to appear before a
cs4hmittee of Plymouth church and tell what
be knows about the matter, but refuses on the
gro<lnd that he is not member of that
church. A number of New York firms have
failed, including Lloyd, Hamilton 4 Co.; J. F.
d. W. III. Daley; G. Mailman, Schmid IL Co.;
and Hoyt, Sprague & Co. The latter are the
agents of the Rhode Island Spragues, the
extensive manufacturers. and their suspension
is one of the gloomiest features of the panic,
$4,000, 900 of their acceptances being afoat in
New York alone. The failure is also announced
of Morgan, Young, Altemus * Co., one of the
heaviest Philadelphia dry goods houses. The
reports from the Eastern manufacturing dis
tricts do not tighten mp the general situation.
From every quarter comes the news of
reduction of time aud wages and discharge of
operatives. Thousands are now out of en-
ployment in Massachusetts,, Pennsylvania and
New York. The Cranston and Franklin
Savings Banks, of Providence, in which the
Spragues are largely interested, have sus-
pended. The deposits, amounting in the ag-
gregate to 50, SOC, 900, were made chiefly by
working people. who will suffer great priva-
tons II they lose their savings. Twenty
thousand working girls in Newark, N. j., have
been thrown out of employment by the stop
ping of manufactures. Thirty-seyen mills in
Fall River are now running on half time The
Merrimac Wooden Mills, of Lowell, will close
up in few days. Over 25, 900 working women
are reported idle in Philadelphia. 1t is is evi-
dent that this will be hard winter for the
classes dependent on daily earnings. The
Philadelphia Mint is now coming silver at the
rate of 81, 500, 900 month. Freehold, n. J.,
was recently visited by destructive fire, over
$4,000 worth of property being burned.
THERE has been another serious fall in
stocks in Wall street. Northwestern COM
mon touched 3d. the lowest price it ever
sold for, being five cents lower than when
Henry Keep picked it up, seven years ago.
Vanderbilt shares suffered alarming de-
cline, and it is said the venerable cormorant
was taxed to bis utmost resources to keep his
head above water. Western Union went down
to 45i, New York Central to S0s, Lake Shore
to 5Sl, and Union Pacific to Is. :. a New York
dispatch states that the great dry goods
house Of ii. B. Clafiin & Co. is seriously en-
barrassed.
THE Chesapeake and Ohio railroad has de-
faulted on its interest. The reported failure
of the great New York dry goods house of H
b. Clafin & Co. was a canard. The firm is
perfectly solvent . The committee of Provi-
dence bank representatives appointed to ex-
anime the condition of the affairs of the A. &
W. Sprague Manufacturing Company report
the assets of the corporation to be S19. 1885,
247, and their liabilities 81, AIS, 443. They
recommend that the members of the firm
mortgage all their property to three trustees,
who shall have entire control of it until their
affairs are settled their obligations to run
three years -. Ono of the Stokes jurors is in
trouble. being under arrest and indictment
for disregarding the obligations of juror.
During the three months ending Sept. 80
there arrived at New York IS, 5SS emf
nf WI ~
Jay Cooke 4 &c. have again issued circulars
to their creditors earnestly requesting their
assent to the proposed agreement. One of
their heaviest creditors SAYS If the firm Is
forced into bankruptcy they cannot pay over
% cents on the dollar, but if allowed to settle
themselves they will pay every dollar, and
have nice sum left. :. The gold coinage at
the United States Mint in October amounted
to S11, ole, 900 in double eagles. The gold
weighed SO tons. The freight business of
from the financial disturbance. Stokes has
entered upon bus four years residence in Sing
Sing Prison.
II is believed that the Sprague Manufactur-
ing Company will be able to discharge their
obligations and continue business uninter-
ruptedly if their creditors are not too pressing.
-. Between 800, 600 and $500, 900 in silver OF
various denominations will be coined at the
Philadelphia Mint this month. Steps have
been taken for the formation in New York of
bank devoted entirely to the grain inter-
ests of the interior. That bale Of cotton
donated for the benefit of the Memphis
sufferers has been again sold in New
York for 81 S75, or more than IS pound. -.
The consumers of beer in New York having
for q long time complained of the quality of
their favorite beverage, the brewers have re-
solved to raise the price from 80 to $40 per
barrel. as they claim it is impossible to make
good beer at the former price. The firm of
H. B. Clafin Co., of New York, has made
statement to its creditors, showing their assets
of all kinds to amount to go, sos, 900, and
their Indebtedness, both domestic and for
eign, SIS, 584, 600 leaving surplus of &c, 924,
900, not counting the personal assets of the
members of the firm. Upon this showing the
creditors have unanimously agreed to grant an
extension of four months ON the monthly
payments, and the business will go on as
usual
LOUIS GAYLORD CLARK, the well-known
author and magazinist, and who was editor of
the old Knickerbocker Magazine during its
existence, died in New York last week,
aged g.
THE rumor thu. Tom Scott, the railroad
king, had failed, is Indignantly denied by that
gentleman. Tho mother of the late Edwin
NJ. Stanton Is. dead aged 80. Nine fishermen
were uIOWucQ lIOn ~ Bali uOdt III tuC ". Law
renee river, the 5th inst Harrisburg has
been visited by destructive fire. The State
Journal Office, with several other establish
ments, were burned. Total loss about $780,
600. Gold in New York down to 1065
last week-tho lowest point since 1882.
Several large Boston dry goods houses are
seriously embarrassed Bankruptcy proceed
ings against Jay Cooke & Co. have been COM
menced in the Philadelphia courts.
Tho West.
SENATOR WINDOWS Transportation Com
nittee visited Louisville, the other day, and
were received on Change, where resolutions
we're passed commendatory of the James
River and Kanawha canal The committee
examined Capt. Adams and other engineers in
regard to the Louisville canal, and seemed
satisfied of the necessity of the Improvement
of the Ohio river, and Government control of
tbs.canaI . Gov. Beverage has succeeded in
preventing the st. Louis roughs from having
their prizs-fght on Illinois soil, and Allen and
Hogan propose to maui each other on Canada
soil, near Detroit. The Wayne county, Ind,
county-ssat war Ii over, and order reigns once