The New York herald., 1873-11-10

or trade combination outside to control them and
considering also. that they ana their families are
means to leave, there Is reason co hone the NAV
accept peaceaby the terms to be proposed. There
SCARCELY ANY MONEY HERE.
Even the company mas none with which TO nav
wages. lt Is compelled TO pay in supplies OF pro-
ever. learn that II deals larly with the workmen
not charging more than the fair market price for
by supplying those out Of work or on redaced Wosf
with necessaries on credit 70 limited extent. A
grcup OF men were discussing at the railroad depot
= a., little % more advance N the way OF sup
plies The rate Of wages has varied greatly
workmen. The greater part OF the work in the
iron manufacturing establishment and mines is
done by the piece or ton Puddlers have earned
grade OF ordinary laborers were paid 81 20 day.
Just before the panic, the Cambria Company had
ahead OF It's power co nll them. When the shock
came, those who had means to pay for rails with
drew their % orders der ~ and, Of course the company
OF Others who could not pay. 1t had sold chieny
to the Pennsylvania Railroad and TO Western rail-
BILE business, generally took steel rails. The Cam
bria Company has done large business with
railroads BY taking their bonds at discount but Is
DO restored again by and by, so that this practice
to some extent might not be unsafe hereafter.
Having no orders worth speaking about or that
would be safe to accept at present. q smah
amount OF rails comparatively are manufactured.
STILL saw the furnaces going and rails turned
out large portion OF the work done just now.
IN order principally to keep the men employed
and together. Is In making repairs and putting the
establishment In good order Only iron rails are
made at present. The blast furnaces for making
steel rails are being Overhaued and put in the
best condition. ready for the resumption OF work.
II the men consent to further reduc-
non OF wages the company win continue
for the time at lower price or accumulate stock
for future demand. 1t believes that BY next
spring, at latest, the crisis will be over, and It's
business Will be rs nOurshing as ever 1t Is will
ing to some risks and to STRAIN all its resources
in the meantime rather than close. 1t Is impor-
vantages. IN order to hold on to the experienced
and skilled workmen, and to avoid both the loss on
capital and the cost OF resuming work on such an
extensive SCALE My information has been oDtalned
chiefly from the chiei mining engineer, Mr.. Morley
very intelligent gentleman, who has been with
the Cambria Company many years and who under
stands perfectly all Its affairs.
AT J0hnst0wn there Is mechanical company.
for building purposes chiefly, Independent OF the
Cambria Company, which has In its employ several
hundred hands. tits now doing little or no busi-
ness. There Is also o tannery, employing about
are all the industries worth naming. There Is not
much farming or farming land around or In the
immediate neighbOrh00d OF J0hnstown, but OF all
the places for great iron manufacturing business
there iS n0ne perhaps superior or equal The
works, lying in the narrow valley, or gorge almost.
adit levels or tunnels from the sides Of the hills
that enclose them Nature has done everything
for the company, which has wisely selected tho
most favorable spot for operations Temporary
difficulties cannot prevent this region from great
manufacturing development In the lutSrO.