Eaton weekly Democrat. [volume] (Eaton, Ohio) 1866-1875, 1873-11-13
NEWS SUM MARY.
The East,

Tho East.
THE serious results of the panic still con-
tinue. The extensive print works of Garner
& Co., at Little Falls, Cohoes, Rochester,
Pleasant Valley, Newburg, and Haverstraw,
have shut down, discharging 10000 men. The
payroll of this firm amounted to $500, 900
monthly. Other extensive factories, of va
rious kinds, have suspended work, or have
reduced wages and time. The prospect looks
gloomy for the winter. The third trial of
Edward s. Stokes for the murder of James
Fisk, Jr., has been concluded at New York,
and resulted in a verdict of granddaughter in
the third degree The prisoner waa sentenced
to four years hard labor in the Penitentiary.
persons-a man and two women
were recently run over by a train of cars at
FRANKFORT, N. j., while attempting to cross
the track in a wagon. They were horribly
mangled, and lived but a short time.
TIL Beecher-Bowen-Tilton scandal is again
Sinking in the nostrils of the Brooklynites.
Tilton has been summoned to appear before a
committee of Plymouth church and tell what
he knows about the matter, but refuses on the
ground that he is not a member of that
church. IA number of New York firms have
failed, including Lloyd, Hamilton & Co.; J. F.
d W. H. Daley; G. Mailman, Schmid d 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,
80, 200, 900 of their acceptances being atioat 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 up 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 So, 500, 900, were made chiefly by
working people, Who will suffer great priva-
lions if 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-seven mills in
Fall River are now running on half time. The
Merrimac Wooden Mills, of Lowell, will close
up in a few days. Over 2 $4,000 working women
are reported idle in Philadelphia. 1t is is evil
dent that this will be a hard winter for the
classes dependent on daily earnings. The
Philadelphia Mint is now coming silver at the
rate of 81, 500, 900 a month. Freehold, n. J.,
was recently visited by a destructive fire, over
$15O,00O worth of property being burned.
THERE has been another serious fall in
stocks in Wall street. Northwestern COM
mon touched 80, the lowest price it ever
sold for, being five cents lower than when
Henry Keep picked it up, seven years ago.
Vanderbilt shares suffered an alarming de-
cline, and it is said the venerable cormorant
we IdAC0 ~ LIE bA1O6 C5OuICO T. hcOp Ills
head above water. Western Union went down
to 49,, New York Central to S05, Lake Shore
to 5S4k, and Union Pacific to IA New York
dispatch states that the great dry goods
house of H. 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-
dsnce bank representatives appointed to ex-
anime the condition of the affairs of the A. &
w. Sprasue Manufacturing Company report
the assets of the corporation to be $19, 1885,
247, and their liabilities 81, AIS, 443. They
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 One of the Stokes jurors is in
trouble, being under arrest and indictment
for disregarding the obligations of a juror.
During the three months ending Sept. 80
there arrived at New York 68, 5Ss emil
grants, of whom "a, 1881 were Germans.
Jay Cooke d Co. have again issued circulars
to their creditors earnestly requesting their
their heaviest creditors says if the firm is
forced into bankruptcy they cannot pay over
25 cents on the dollar, but if allowed to settle
themselves they will pay every dollar, and
have a nice sum left. The gold coinage at
the United States Mint in October amounted
to 81, 010, 900 in double eagles. The gold
weighed SO tons....T The freight business of
he Eastern railroads is suffering severely
from the financial disturbance. Stokes has
entered upon his four years residence in Sing
Sing Prison.
IT 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 900, 900 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
a 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 $2,S75, or more than Sc a pound.
The consumers of beer in New York having
for a long time complained of the quality of
their fayorite 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. TIL firm of
H. B. Clafin & Co., of New York, has made q
statement to its creditors, showing their assets
of all kinds to amount to $22, sos, 600, and
their indebtedness, both domestic and for
eign, BIS, 5S4, 900, leaving a surplus of Sc, 924,-
600, 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 SO.
The West.
THE prosecution against the parties engaged
in the Hebron hanging scrape, in Washington
county, Ind. has been abandoned by the
Acknowledgement on condition that the organ
ization shall be broken up. Measures have
been taken to ferret out the members of SINH
lar associations in Clarke and Crawford coun-
ties Sat Wichita, Kansas, the other day,
two noted desperadoes, Reddy and Rowdy Joe, |
got into a warm conversation over corn-juice,
when revolvers became the game, in which
the two took a hand, and both understood.
The result was a double funeral, and a wound
ed spectator, who caught a ball on the fly.
The steamer Continental, loaded with several
hundred roughs en- route to witness the bruis-
ing-match between Allen and Hogan, was
seized by the Illinois authorities, the other
day, a few miles above st. Louis, and the
principal movers i'll the affair arrested and
bound over for trial. The roughs avow their
determination to carry out the programme at
all hazards, aud the Governor of Illinois has
dispatched to the Mayor of East ST. Louis 100
stand of arms and a quantity of ammunition.
IAN old man named John st. Clair, who
lacked but a few days of being los years DID,,
was run over by a train of cars and killed, at
NJ W. ~ - /