The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1873-11-01
Panic Echoes,

In Nav York city a large number o.
working people were discharged at the
close Of the week, in consequence OF tue
lack % money or orders for work. Three
shoe factories are reported to have ''elosed
indefinitely In one shop the employers
offered work at reduced wages, but tue
men refusing to accept the reduction were
discharged Tho ,igar makers in many
Of the large establishments have been ncu-
fed that their wages will be reduced tins
week, and the master builders have resolved
TO reduce the wages of their men on and
after November LIST. A despatch from
Pittsburg says the managers OF the Tam
bria Iron Works at Johnstown have noti-
fed their workmen that they viii be com
PEELED to suspend the payment Of wages
until money can be collected, but mean
time will guarantee employees all necessary
supplies to the extent Of their earnings
The steam cotton mills Of Garner a Co., at
Newburg, N. Y, employing over 400
hands, closed on Saturday afternoon "for
an indefinite period
The workingmen are now beginning to
feel the effects Of the panic. Large mum,
bers Of operatives in New York, employed
in variety Of trades, were discharged on
Saturday last, in some cases because there
was no more work for them to do, and in
others for want of currency to pay them.
From three to four hundred mechanics
and about one thousand laborers have been
discharged by contractors Of the board OF
public works and private establishments in
Washington within the last two weeks,
owing to scarcity of money aud completion
of work; and forty three mechanics and
laborers were yesterday discharged from
the navy-yard, occasioned by the allowance
of money having run short in consequence
of the large number Of improvements made
in the yard during the summer.
The furnace owners Of Pittsburg held a
meeting on Saturday, at which it was
unanimously resolved that on and after
Monday, the 9th instant, a reduction often
per cent. will be made on all labor. 1t is
the opinion Of most of those who were
present at the meeting that it will be very
difficult to keep the furnaces in blast, and
that further reduction might be necessary
to prevent entire suspension,
Manufacturing interests in Connecticut
are said to be in ian unfortunate condi-
ton Fifteen to twenty thousand opera
tives and factory hands have been already
thrown out of employment, 1t is estina-
ted that at least twenty thousand working
girls are out Of employment in New York
city.
Five thousand persons are thrown out of
employment by the suspension of the
Harmony cotton mills in Cohoes, n. Y,
The pay roll of the mill foots up $4,000
monthly. 1t is said the mill will be
reopened in two weeks.
The Atlantic Mills, at Lawrence, Massa-
chusetts, will be run only four days in the
week. The nail mills of the Bay State
Iron Works have suspended operations and
discharged 260 men.
The Chesapeake and Ohio Railroad, ow-
ing to the failure of their financial agents,
Fisk & Hatch, will not be able to meet
their November interest.
Twenty thousand women and girls were
thrown out of employment in New York
last week. The World says it will result
in much suffering.
Five thousand mechanics, out. of seven
thousand five hundred, employed at Pat
terson, N. j., have been discharged