Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1873-10-10
LABOR AND THE PANIC.

From Our Special Correspondent
New York, Oct. 8, 1873.
LABOR AND THE PANIC.
One of the worst features of the Panic is
the sudden crippling of industrial interests,
by which large numbers of working peo-
pie are thiown out of employment. Thus
far, the industries that have suffered most
are those connected directly and indirectly
with railroads, though the telegraph brings
news that the woolen factories at Glenham
in this State, have decided TO suspend oper-
atoms, thus depriving six hundred persons
of work. The first effects of the panic were
felt at Patterson, N. j., where nearly a
thousand men were discharged from the To-
comotive works on account of the failure
of Southern and Western railroads TO keep
their contracts. Since that time, many of
the Western roads have abandoned works
on their improvements and extensions, and
have introduced most rigid system of
economy in their machine shops. In one
Instance a thousand men have been dis
charged at once, and notice has been given
by another Company that it will dispense
with the labor of two thousand men this
week.
EXHIBITION OF AMERICAN INDUSTRIES.
Probably one of the most interesting
features of the Fair of the American Insti-
tute is the department OF machinery and
the various processes of manufacturing in
actual operation connected with 1t. These
several processes include the wonderful
corset loom. With this loom a girl can
jo, bO
Old process only five were produced; a
mandatory of ladies' boots and shoes,
with the attendants, turning out from thir-
ty to forty pairs per day; and printing
presses showing the newspaper work,
chromatc printing, engraving, printing,
and the albertype printing process. Then
there is the manufacturing of mems cloth
ing by machinery, from the cloth TO the
finished fabrics, glove-making, billiard
ball turning, ivory-carving, envelope maxi
ing, silk spooling and winding, hosiery
knitting, clap-board machinery, saving
machinery, power presses, brush making
by hand and machinery, rock-drlling,
cloth-shearing, scrollsawing, stone-dress-
ing, and at least ten or twelve other proc
esses equally interesting.
CRIME AGAIN RAMPANT.
The remarkable immunity from crime
enjoyed by our City during the first excit-
ing week of the financial crash was brok-
en- by the announcement tha. the crisis had
been safely past. Wall street having ceased
to be scene of amusement, the class from
which Murderer's Row is recruited
straightway betook themselves again to
their cups and their quarrels. Two MUIR
ders in the last forty-eght hours-one a
bar-room fratricide and the other caused
by business dispnte-show that the art of
using the pistol has by no means been for
gotten during the battle between the Bulls
and Bears. Meanwhile, it is gratifying to
note that a number of murderers have re-
ceived life sentences, and that there is no
disposition on the part ofjudgc or jury to
sympathize with those criminals who ad-
vance a weak theory of self-defense, or
plead in mitigation that they were intoxi-
Gated at the tune they took life This is as
it should he. The country cannot afford to
keep up a temptation in Wall street for the
special amusement of the vicious. 1t is
cheaper to make short work of them by
rope or prison.
WALL STREET
The Wall street market opens i'll dull
and steady fashion, and a stranger looking
on at the Stock Exchange could scarcely be
made to believe that only day or two ago
the whole vicinity was seething and sway.
ing with wild excitement and panic. Stocks
are firm on moderate dealing, and every.
thing seems TO be moving on in the OLE
way. Gold is weak and lower, sterling
higher, bonds in demand, and money ye
not fairly quotable.
THEATRICAL FLOWERS.
The bouquets thrown on the stage on ben
eft nights and other occasions are general
ly more snowy than valuable. The mos
elaborate cost five dollars, while party
bouquets of buds and rare eXotics are val
ued at eight and ten dollars. a Tyre cost
fifteen or twenty dollars, and floral shil
about forty dollars. Some of these design
with monograms and words of welcome
however, are much more expensive. !
new design for presentation is now intro
duced in the form of straw baskets. Thes
are made in all shapes, and, when decorat
ed with smilax, as well as filled with flow
ers are very beautiful. They cost all tn
a. a. y