The New York herald., 1873-11-27
TRADE IN CINCINNATI.
Cuba an Important Market for
Western Products.
Condition Of the Manufactures and Industries
Working People Hurt, bat a More
Hopeful Feeling Prevalent

CINCINNATI, Nov. 20, 1873.
Although the Cuban question IS now absorbing
public interest and occupies necessarily so much
space in the HERALD, the industrial and financial
affairs or the country must still claim attention.
In fulfilling my mission, therefore, Ipropose to
give you, as briefly as possible statement OF the
condition OF Cincinnati and the prospect. First,
however, with regard to the horrible AFFAIR OF the
people here and generally through the West, where
travelled,
EARNEST IN THEIR DENUNCIAT1ONS
OF the inhumanity OF the Spaniards in Cuba and
the outrage TO the American nag. There are
lew OF the old Bourbon class, SO exclusively con.
servative and timid that they would rather see the
nation humiiated than risk q war. But the rest
the mass Of the pe0ple-are ready fight to avenge
the wrong done, and insist that the time has
come when the unceasing troubles the United
States have had about Cuba shall be ended for.
ever They say the issue the Spaniards have
forced upon US affords the government the best
opportunity It has ever had, or may have, to put
an end to these troubles and to extnguish slavery
In Its last stronghold in this hemisphere. Apart
from this patriotic sentiment and the feeling OF
sympathy for the Cuoans, which are general the
questions OF commercial interest and public policy
are taken into consideration. 1t is argued that
Cuba free. whether annexed TO the United States
or independent and in close alliance with this
country, would open
AN IMPORTANT MARKET FOR WESTERN PRODUCTS
clear headed and experienced statesman and
stanch supporter OF General Grants administra-
ton and the republican party-a gentleman who
was for a long period in Congress-said to me that
the affair OF the virginius grand opportunity
for his party and the President, and he dio not
think either would be so stupid as not to use 1t.
Admitting that there were evidences in the late
elections OF q reaction against the republicans and
the administration he felt sure they could recover
their popularity by vigorous national policy to
free Cuba. He did not hesitate to say too, that a
contrary weak and trucking policy must prove
disastrous 10 the republican party and the admin
lstration. Though the democrats must be con-
scous OF this fact, 1t may be said to their credit
tnat, as iar as my experience goes, they sink the
question o party or party prospects in that OF ma
tional honor and the wish to settle the Cuban dill
Guilty at once and forever.
FINANCIAL CONDITION OF CINCINNATI
But to return to the effect of the financial dis
turbance upon Cincinnati and the surrounding
country l find the general impression is rhat the
worst Is past. The shock OF the panic was not as
great here az first AZ in the East, though IL
seriously felt. The banks az everywhere else,
business community. As matter OF course this
embarrassed the manufacturers, merchants and
traders 1t is the same story eyerywhere-that at
the time when the assistance OF the banks is most
needed they are either unable or unwilling, look
ing solely TO their own interests to afford relief
Previous to the panic the Cincinnati banks had
drawn into their Golfers large amount OF money
from the surrounding country banks and people,
not less, perhaps than st,oo0o GEO. The greater por-
tion OF this was loaned to New York banks on can
at four per cent, which was again loaned at
higher rate TO Wall street spectators in stocks
gentleman doing a large business remarked on
this subject that as much OF this money drawn
from such city as cincinnati, or more, was some
times loaned 10 single specializing hrm IN New
York.
THE MERCANTILE AND MANUFACTURING COMMUNITY
was thus deprived OF Its proper and necessary re-
sources through the cupidity or the banks ana
loans made for stock gambling. However, money
Is easeG ana one pamSs @ are @ @
their discounts and hold tight hand on the cur
rency. found at the Chamber of Commerce re-
vived activity and that IN consequence chiefly, OF
THE PORK PACKING SEASON
having commenced. To give an idea OF the magni-
tude OF this business and how much the labor and
trade OF Cincinnati depend upon 1t, may state
that last season there were packed over csc, GOO
Country ' Chicago packed for the same period
2ol oOo Indianapolis l6i goo; Louisville 800 coo;
st. Louis. 4laooo, and Milwaukee. $4,000. Not
wthstanding the money pressure, the pork pack
ers and other gentlemen Of the Chamber OF Com
merce express the opinion that more hogs win
the short corn crop and exhaustion OF the Old crop
VIII compel farmers 10 bring the stock TO market
ful view. There is undoubtedly a desire with
many to give the best color to the prospect. Not
so much OF this business win be done on cash as
in former years, and more, probably, ON commits.
sion-that is, the farmers viii pay q commission
for packing instead OF selling their hogs for cash.
A part of the business has been done in that way
formerly. The oranges, too, have done some in
dependent OF the usual traders and purchasers
and do still. Yet no doubt, it is more convenient
to the farmers ana more profitable to the traders
ana packers to have cash transactions The farm
ers generally In Ohio are In good circumstances
lering. And those manufacturers who have TO do
with the farmers directly, as the manufacturers OF
agricultural implements, are much IN the same
condition. There is less suspension of labor with
them than with others. For example. Springfield,
ments, and there the works are running on iull
time.
THE INDUSTRIES OF CINCINNATI
are varied and, for the most part, well estab
lished. The manufacture OF clothing, boots and
shoes and furniture Is on large SCALE and gives
ciothina establishment employs a5oo hands. The
managers say they have never discharged any or
lishments tell the same story, with the exception
OF a few who have either discharged workmen or
emSy to
They are In mucn the same condition as the
clothicrs. In the manufacture OF furniture there
tial suspension Of labor IN the dierent works
iron, including loundres, machine shops stove
incn are employed. There is in most Of
these 4Ss dss1s Fsas'Gn and esnas Or s ss
business, the product being over SCI ooo 600 year.
They have met with some check, though going OF
Will not drink much less In consequence OF hard
times. An estimate has been made here, after In
vestigating the condition OF the various manufac-
turing establishments, which gives 14s firms en-
poying II, 467 hands, and VINO have discharged
only 635 workmen. Some OF these however, are
working shorter time or az reduced wages. Nor
are these ali the firms and people employed in
manufacturing in this city. Then, have no doubt,
employers made everything look as well as posi-
bic when interrogatcd STILL with all that, there
iH
NOT A LARGE NUMBER OUT OF EMPLOYMENT
and not much suffering. There are not as many
idle people on the streets as In some Of the East
ern cities. Provisions are abundant and reason
ably cheap. Fuel too, does not cost quite as
much. single laborng man can board for 81
week or course many pay more, and for families
the cost is increased according TO number. Some
have not been able to pay their board since the
trouble threw them out or work. There
are number OF charitable societies and soup