The New York herald., 1873-11-13

the Chinese. Some OF the establishments are
working shorter time. The suspension OF labor.
hardly amounts 20 over TWENTY-FIVE per cent or
what it was before the crisis. There has been no
reduction In the rate OF wages. IL is curious TACT
that while there Is general lowering OF prices for
dry goods and other Things, farm produce IN this
more for almost ali their productions than previous
to the financial disturbance. AS matter OF
course they feel Jolly assume compiacent ana
In their pockets. Nor do they let out the money
they rake in but walt to see what Is to be the up
Throughout the Shenango Valley, embracing q
large manufacturing region and the manufacturing
Sharpsvile, the workmen are mostly on eight
hours labor a day. While this partial SUSPENSION
OF i industry Is general few establishments have
The men are paid. however, only half their wages
in curren:v. The other half is paid in four month
other things Newcastle Is the most prominent ma
nufacturing town and has population OF TO- 900 to
works and extensive planning mills. The planning
mills or Crawford Sons are very large. Some or
ZOO hands. Though the manufacturers have kept
their men partly employed and have endeav0red
TO get over these troublous times and money srin-
gency by paying wages In part by time notes,
there is a great deal OF apprehension as to the
iuture-that Is, as 70 the near future for every one
believes tnat when the crisis terminates all kinds
OF industry will be as nourishing as ever. Should
the present trouble continue long many OF the es-
ADJUSTMENTS have referred to would nave to stop
work.
There Is vast amount or coal mined all along
rom here to Newcastle and thence to Youngstown,
In ohio. and particularly in the neighb0rhood OF
these two places At Cannelton and Clinton there
Is mined fine quality Of camel COAL scarcely
INFERIOR, II at ALL to the famous English coal OF
tl, tnat name: The miners generally and unror.
tunatey have aided the financial troubles and
business dlniculties by strikes. MANY are still
.out" to use the familiar term though 1t Is hoped
the men throughout the ShenangO Valley viii,
like those around and above PittSburg, who also
were "out," soon see the futiity OF striking in
these times and the necessity OF resuming work.
Perhaps before the difficulties OF the time are over
both employers and men will see the value OF re-
sorting more to the cooperative principle, or OF
graduating earnings according to the times and
market price OF manufactured productions, as Is
the case with the puddlers in the iron works OF
Pittsburg The surprising success OF the Econ0-
mite Society, to which have referred shows what
can be done without necessarily running into
pietism or communism, by intelligent cooperative
work and mutul assistance in periods b0tn OF dis
tress and prosperity. The trouble in this section
as elsewhere, arises from want OF currency, the
inability OF manufacturers to collect their debts
and the comparative suspension OF orders for
goods. The farmers appear to be the only people
who do not sufer. at least not here, and, indeed,
as was said before, they getting more for their
produce and putting the money in their lockers.
The time must come, and soon, hope, when this
boarding OF money by individuals, the banks and
ca pitasts, Will cease. Then, and not till then,
will the country return to Its normal activity OF
business and prosperity.