The Andrew County Republican. [volume] (Savannah, Mo.) 1871-1876, 1873-11-14
NEWS IN BRIEF.
THE EAST

DoN4t VI
atoned for a great many shortcomings by
making the handsome donation of $500 0 to
the Memphis Relief Fund Phelps, the de-
f%aulting Cashier of the New York State Treas
ury Department, has been committed to Jail
for trial in default of SIS, 900 bail. The fur
niture factory Of John H.. Morrill,, in New
York city, was destroyed by fire last week.
Loss, $4,000. A Waterman was burned to
death whilet trying to extinguish the flames.
IA dispatch from Providence, Il. l.. says
the SpraSues are seriously embarrassed.
Their assets are said to be $1,000, 600 more
than their liabilities, and want of current funds
is the cause.
The serious results of the panic still con-
tnue. The extensive print works of Garner
d Co., at Little Falls, Cohoes, Rochester,
Pleasant Valley, Newburg. and Haverstraw,
have shut down, discharging 10000 men. The
ply-roll of this firm amounted to S5OO,O9O
m)nthiy. 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 manslaughter in
the third degree. The prisoner was sentenced
to four years hard labor in the Penitentiary.
Three persons-a man and two women-were
recently run over by a train of cars at Frank
fort, N. j., while attempting to cross the track
in a wagon They were horribly mangled, and
lived but a short time.
THE 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.
"A number of New York firms have failed,
including Lloyd. Hamilton & Co: ]. F.. & W.
H. Daley: C.. Mailman. Schmid & 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. !, 200, 900
of their acceptances being atloat in New York
alone. The failure is also announced of Nor
gan, Young, Altemus & Co., one of the heay-
lest Philadelphia dry goods houses. The re-
ports from the Eastern manufacturing dis
tricts do not tighten up the general situation.
From every quarter comes the news of
reduction of time and wages and discharge of
operatives. Thousands are now ont 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 az
Sregate to 50, 500. 600, were made chiefly by
working people, who will suffer great priva-
tons 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-seyen mills i'll
Fall River are now running on half time. The
Merrimac Wooden Mills. of Lowell. will close
up in q few days. Over %, 900 working women
are reported idle in Philadelphia. 1t 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, y. j.,
was recently visited by a destructive fire, over
$500 600 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. Wander
bilt shares suffered ali alarming decline. and
it is said the venerable cormorant was taxed
TO his utmost resources to keep his head
above water. Western Union went down to
AS, New York Central to So, Lake Shore to
5Sl. and Union Pacific to 15....A New York
dispatch states that the great dry goods
hor,Sa IF II u TIaAin E. 10 - rarior,sI- am
barrassed.
The Chesapeake and Ohio railroad has de-
faulted on its interest. The reported failure
of the great New York dry goods house of II.
L. Clatiin Il Co. was a canard. The firm il
perfectly solvent. The committee of Provi-
dence bank representatives appointed to ex-
anime the condition of the affairs of the \. 4
W. Sprague Manufacturing Company report
the assets Of the corporation 10 be 80, 49,
2i7, and their liabilities S1l, 475. 443. They
recommend 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....O IL of the Stokes jurors is il
trouble. being under arrest and indictment
for disregarding the obligations Of a juror -.
During the three months ending Sept. 30
there arrived at New York $3.50 emf
grants, of whom "a. 351 were Germans. 80.
Jay Cooke & Co. have again issued circulars
to their creditors earnestly requesting their
assent to the proposed agreement. One of
their heaviest creditors Gays if the firm
is forcei into bankruptcy they cannot pay
over IS cents on the dollar. but if allowed to
settle themselves they will pay every dollar,
and have a nice sun left. The gold coinage
at the United States Mint in October amount
ed to :l1, Gl0, 900 in double eagles. The gold
weighed 80 tons. The freight business Of
the Eastern railroads is suffering severely
from the financial disturbance. Stokes has
entered upon his four years residence in Sing
Sing Prison.
1T is believed that the Sprague Manu-
featuring Company will be able to discharge
their Obligations and continue business un-
in.erruptedly if their creditors are not too
pressing. 80. Between $780, 900 and $500, 600 in
silver Of yarions 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
interests of the interior. -. That bale Of cotton
donated for the benefit OF The Memphis
sufferers has been again sold in New York
for S2,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 favorite beverage, the brewers have re-