The New York herald., 1873-11-03
DEPRESSION IN NEW JERSEY.

Depressing state OF Affairs In Newark
The JsweIry Trade Almost Dead
Probably Sir Thousand Jewellers Out OF
Work-Mstters ssiiI More Distressing In
Paterson.
As Ii pretty generally known throug hout IN
country. Newark IL one OF the most important and
extensive Industrial beehives In the United states,
and, therefore, rs matter OF course. u feels very
materially the general depression OF trade and the
uneasness and uncertainty among manufacturers
ana other business men which prevail
everywhere just now. There have been
no failures, TO speak Of In Newark since
the beginning OF the present financial nutter,
but many factories are keeping open and running
more for appearance sake than any real need there
is to do SO. Rumors OF all sorts have been rife
during the past few days TO the effect generally that
this factory or that factory was about shutting mp
entirely for the present; but so lar as a HRRAID
representative could discover yesterday afternoon.
after careful inquiry, rumors OF this sort were
groundless. On Saturday night. for instance, .
story circulated to the effect that the exten-
sive trunk factory OF ex-Mayor Thomas b. Pedde,
where employed several hundred hands, had
been closed up and all the help discharged In
vestgation proved the rumor TO be true to this
extent:-The factory was closed up over Sunday
and the b inds were paid OF for the week Still
THB TRUNK BUSINESS
IN NeWark-qulte an important branCn OF our
industres-s not at all as lively as 1t has been.
This remark would apply, too, TO nearly every
other branch. About the most prosperous trade
there now is the patent and enamelled leather In
terest and even that feels the general depression.
At his residence on Broad street, last evening.
Ex-CoNGREssMAN HALsEY WAS INTERVIEWED
in tegard TO the general state OF business aairs in
Newark and the leather interest In particular. Mr.,
Halsey is a member OF one OF the most extensive
leather firms in the city He said that while there
was no general discharge OF .hands and no stop
page OF factories, there was strong disposition on
fhn mart nf mo n hna 4AUU
closely and cautiously just keeping up 10 their
ders. In his trade this was the dull season anyhow
but so far as his concernwas affected they we're
dong only three-quarters the business they were
! this time last year. Usually they had more busi.
SO that they Gould afford 70 take time 20 make al
terations In their building. Collections, he said,
| were remarkably good, considering the present
state OF monetary affairs. Business generally. he
| thought fair and he had never known the
manufacturers OF Newark 10 be in better condl.
tion to pull through crisis than just now. There
was no reduction OF wages In his trade, and thipgs
| were going on easy and safe. other gentlemen In
not speak SO hopefully and encouragipgly as Mr..
THE MOST SERIOUSLY CRIPPLED
industry OF Newark. az ordinarily IL is the most
| important probably as regards amount OF money
| invested and number OF hands employed, Is the
nected with a leading irm and has been IN the
business for the last twenty years or so stated that
| he had never known this interest 20 be nearly
dead. Now, coming on the holidays the factories
ought to be running night aud day. but instead "
that they were sc scarcely doing doing snytnins. some
others again eight hours, aud Oil had merely .
corporaps guard OF hands compared Win
ordinarily employed about 200 hands, had now only
enough to finish up the work on hand. Another
Teen shsm Tom The
sentative next called on Mr.. X. Howkns Of the nrm
Of Carter, Howkins podd probably the largest
HowKins stated that their factory usually employed
$50 hands, and n business was as brisk now as it
OF that however they were running only $50 hands,
and these were employed, nos altogether because
there was need OF them. but TO
KEEP THE MEN FROM STARVING.
There was no sign or prospect that we could
see OF an early Improvement either; ne Thought
there were about 5000 jewellers In Newark, and of
these two-thirds were idle. Sales had Dropped
to q large extent and as for collections nobody
had any money. Everybody was praying fof an cx-
THE sAppLRRY TRADE
msnulacturer has been Snrt sreasiv I not ony nv
an se the %Ssro Se su. os s.er
Newark trade. Is very low as Is also the wholesale
manufacture OF clothing Taken altogether things
and the fear Is almost universal tnat this viii be
tue hardest winter In many years past Tor the IA
oring classes especially.
things are In condition still worse than IN
Newark. The number Of men now out OF employ.
ment In the large machine shops and factories ~
reckoned by the thousands and every day the num-
Der Is being augmented
Erie Railway Employees Dschsrged-
Distress In Paterson-Tom scott's Policy
OF Reduction.
The approaching winter is likely to prove one OF
extreme distress 20 the aboring class In Jersey
City, Newark, Paterson and other large cities OF
New Jersey. Employees on the Erie Railway have
been discharged in gangs during the past two
weeks, and notification has been issued to many
now in employment that they must hold them
selves In readiness to leave as soon az
the frost sets In. II Ia not perhaps generally
known that sincs the change IN tna management