The New York herald., 1873-11-14
NEW JERSEY.

Hopeful Prospect I'm New Brunswick-
No Alarm Felt by Capitalists-A Won
derful Recupcration.
Among the leading manufacturing and industrial
cities of New Jersey New Brunswick occupies
prominent position. 1t is staid, solid old town,
dating back its incorporation as city to the year
1884. Before the Revolution it was known by
the name OF "Prgmore's Swamp 80 called
at that time from Its grounds being
covered with woods, and after the
name OF its then proprietor. The inhabitants
looked on this name being neither classical nor
poetical, and hence the change to It's more modern
title. 1t is located in valley, on the west side of
the Raritan River, and first settled by families
OF European descent, who came from Long Island.
In 17ao party Of Dutch settlers came thither
from Albany, bringing with them an am
pie supply Of building material. After
the battle OF Trenton the vanquished
enemy took up their winter quarters in this city.
That famous and venerable seat oflearning, known
as Rutgers College, formerly Queens, is located
near the centre of the town. The water power
and railroad facilities OF this city are second to
none IN the State. Consequently factories OF vari
GUS descriptions and other places OF industry are
numerous. The manufacture OF Shoes hosiery,
paper hangings, rubber fxings and fruit
jars compose the principal mainstay OF the
artisan Class. few thousand hands
OF both sexes are engaged in this kind of industry
The monetary crisis has not yet SO affected this
section OF Jersey as to cause any serious stagna-
tion in trade. A herald representative went on
q tour OF inspection yesterday and was brought
into contact with nearly all the prominent bust.
ness men, who freely volunteered all the informa-
tOn asked for.
The following is a fair estimate of the present
state OF affairs in New Brunswick The Norfolk
and New Brunswick Hosiery Company has about
wages fifteen per cent, but there has been no dimi
mutton In working time. The prospects are pretty
fair or the coming winter rne SeVelsy Rqener
at work. and they hope to continue working
with that iorce for some months to come.
small portion OF their work has, however,
been stopped. The superintendent OF this estab
lishment stated that there were not more than 800
men out Of employment in The city and those ,t were
and hard winter is not anticipated. Two
a force Of about $50 hands. The New
Brunswick Rubber Company 10 increasing
and extending their business capacities les
taken place. and the prospects are fair The white
lead and oil works, which gave employment to
paper hanging factories have about 200 hands at
work. One of them is working on full time and the
other VIII commence to run ,', on M ha I'll time next sat-
therefore the facilities for transportation will not
be ample enough Tor the shipping OF pro-
ducts, and the accumulation OF stock is not
deemed desirable. One OF the firm stated that this
kind OF merchandise paper hangings) is deemed
more Of a luxury than staple commodity, and
In business. The panic he said, had the effect OF
prostrating business considerably but he believed
II would be only OF temporary duration. The
Metal Screw Company Works, which give EN-
an inventory OF STOCK taken. Business viii
be resumed shortly. The prospects are fair
No reduction has been made In time or wages.
Two or three small foundries, with a force OF about
sixty hands, are In lul operation.
Felter Co.'s shoe factory, with 300 hands, is
being worked on three-quarter time and the wages
were reduced ten per cent "0rders are not
brisk collections are easy and prospects are good
for the winter" was the remark OF one OF the
firm. There are three other factories OF this kind
are believed to be in full operation. This trade
presents fair average condition.
New Brunswick, like Its sister city, Trenton has
no reason to complain, as matters show quite o
sections OF Jersey. No serious depression Is felt
and none Is anticipated from present indications
The principal mercantile firms, however, COM
plain OF money being tight aud collections exceed
ingiy difficult to make but this viii not create much
astOnshment when 1t IL taken into account that
by the defalcations Of Appleton and Woodworth,
Bank aud the latter as president Of the defunct
Carpet Company, the city has been drained or
about s. 0000 600 In hard cash. Both these ndividu-
ais, as is well known, escaped. Numerous were the
complaints made yesterday by all those inter-
viewed on this topic OF the silence and Indifference
Of the local press when these Irregularities as
they were mildly called, first came to light. Not Q
word was said in condemnation OF the deaulterS at
The State Bank resumed business last week, It's
empty exchequer having been replenished by the
voluntary contributions OF phianthropic citizens
two OF them subscribing $225, 900 each. The popu-
lation OF New Brunswick is about $4,000. From
the adjacent districts there are no complaints OF
any depression In business quarters.