The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1873-10-26
IS IT A FARCE? OK, DOES THE
GOVERNMENT MEAN IT?
WHIrLAW REID AND ClIAS. A.
DANA INDICTED.
EFFECTS OF THE PANIC UPON
BUSINESS.
THE LABORING CLASSES WILL
SUFFER.
THE STOKES MURDER TRIAL
NOT READY.

NEW DIRK, October 20.-l no proposed
resumption Of silver psymsnts by tie
treasury, caused many applications to-day
at the sub-treasury for the conversion OF
| legal tenders and fractional currency into |
silver coin, but the assistant treasurer has |
not yet received any instructions from |
| Washington. A prominent officer in the
sub-treasury said that
ONE HUNDRED THOUSAND OUNCES
Of fine silver were purchased in this city
\ early in the week and had been orwarded
to the mint in Philadelphia. This
amount would furnish about one
hundred and twenty.iour thousand
| dollars. The difference occasioned by one
tenth alloy serving to affect the cost of
coinage making the value of the coins to
the government no greater than that Of
green backs with which the silver was pur-
chased.
HAD NOT HEARD OF II.
The superintendent Of the assay Office
on hearing Of it, said that he was unaware
OF the purchase Of the silver, and did not
think that it could have taken place with
out his knowledge. From these several
statements soma think il looks very niue b
MS If the resumption Of silver payments
mghtturn out to be AS great farce M
President Grant letter to SIR. Williams.
TO RESUME
In view Of the depression in Wall street
tO-ds Y, the announcement Is gratifying
that the well.known dry goods house of
Peake, OpdyKe X Co, who suspended just
three weeks ago, at the time of the panic,
will resume business on Monday next.
This event will doubtless contribute
largely TO the restoration of business con-
ldeuce.
NEW JERSEY SOUTHERN RAILROAD.
Prosper p. 81 aw. one of the Directors Of
the New Jersey Southesn Railroad, who
brought suit against the company Tor
$1,000, having made call loans on the road
amounting to 100000, says he intends to
take no further steps In the prosecution,
being convinced that the road can be
made TO meet all liabilities and become q
profitable enterprise.
POSTPONED.
, Kenyon, Cox X Co. bankruptcy case
has been again postponed. 1t is said that
view of settlement.
THE HoBokES SAVINGS BASk.
y The Evening Mail says; Several OF
: the Directors of the Hoboken Savings
Bank have during the last three or four
I ty in Wow of the action Of County Clerk
Kennedy, who has $50, 900 Oh deposit in
the bank He made peremptory demand
for his money, but did not get 1t, and will,
it ia said, throw the bank into liquida-
, ton.
EFFECT OF TIE PANIC UPON MANuFAC-
TUREs.
The effect of the late panic is worry APP
parent in the dullness vi the several orns-
r mental trades. Some of the manuiac-
! turefs are employing men but eight hours
day and paying them only percentage
, | Of wages. The employers, however,
are daily expecting an improved state OF
affairs, and will not discharge their men
unless business becomes really unproht
ble Builders assert that the outlook for
abundance OF work is not very promising
and say they are absolutely compelled to
Q reduce wages IN order to carry on bust
= ness and reap decent profits. Master
u masons announce that after November !
i next, they will pay masons and brcklsy,
era 50 80 per day, and labOrers 81 The
mon have not yet taken any action on the
proposed reduction. Tho Rricklsyer' q
!. and Msson's Union of this city IL avery
i powerful organization, whose members
have time and again dictated laws to the
tHhsteE iuhsons' iHc pTeNhl!lHB scHIilHeu
among mechanics of all Glasses seem &c
favor the settlement of all questions q
wages by arbitration rather than by
. strikes and kindred sgtations.
A.. The case of Mr. Shsnks, city editor OF
o the Tribune has been adjourned Ill!
a Tuesday.
= REID, DANA AND WYE INDICTED.
The Kings county grand jury indites
Whitelaw Reid, Chas. A. Dana and A.
derman Wyle, for alleged libel on Judge
, McPue Dowuey, a clerk and KiDgsley OF
:, Brooklyn bridge notoriety.
q TO sroP.
: Danforth, locomotive works, In Patter.
: son, employing 500 hands, will soon stop
o Also, Strongs silk works, now running
{ ! half time.
, IN THE STOKES TRIAL
: to-day. Recorder Hackett testified he saw
Stokes before tho shooting standing on
the steps Of the Grand Central hotel
looking apparently excitedly up street
lie spoke TO Stokes, but no answer wa'
raade. An officer OF the court was dressed
In FiSks clothes, and the position of the
bullet holes in the cloak examined.