New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-03
GENERAL PROSPECTS.


WHAT CREDITORS OF THE BROKEN BANKS IN WASH
NGToy MAY EXPECT FURTHER ALLEGED
FAILURES.
WASHINGTON, Nov. From the best IN
formation that can be obtained It Ia thought the First
National Bank of Washington will pay its creditors from
its present about per cent in ALL The payment
of larger dividend will depend the business capa-
city of Jay Cooke Co. The receiver Of the washington
City Savings Bank has informed depostors that they
will receive ultimately 70 cents the dollar The time
OF payment may be long distant, as owing 10 inc
effects OF panic money cannot be realized at present
some OF the collaterals
IL ia said that the Commissioners selected by all inc
banks which adopted the device of certifying checks
instead OF paying currency held meeting last night
for purpose Of cosngi up their affairs, az the time
has passed within which 1t was arranged That checks
would be certified. The duty Of these Commissioners
was 10 give of clearance to these banks ater ex
aiming their securities. TIE arrangement expired
yesterday and it is expected that such banks VIII re-
sumo payment tomorrow, and the necessity OF reqnf
Ing their debtors to at redeem their obligations -
said to be the moving cause of further alleged iaeS
here.
WAGES REDUCED IN THE ALEXANDRIA COTTON MILL
WASHINGTON, Nov. 1.-The operatives OF the
Alexandria cotton factory have submitted To reduc-
ton Of per rather than have the factory coscu
REPORTED Pennsylvania FAILURES DENIED.
PHILADELPHIA, Nov. 1.-The report That
Chader Hart Co. OF this city had failed is uotfnet
WuIIAMsPoRT Nov. 1.-The banking house OF RoweH
d Co.. published branch house OF Lloyd hahl'oh
Co.. not connected with them. has money In their
hands, ana il in no way affected by the suspension OF
Lloyd, Hamilton Co.
CONDITION OF PROVIDENCE BANKS.
PROVIDENCE, Nov 2.-'rhc Franklin and
Crauston Savings Banks are doing business The
former will probably resume business under new Doaru
of directors The Cranston will doubtless wind up DC
posters viii in time get their money n the spragdes
pay in full The sDrague mortgage deed OF trust Is not
yet ready publication, and cannot yet be cohsueea
in its detail by creditors Perhaps some modification of
its terms may be desired, aud two changes OF
trustees be made, but the general feeling OF Leading
creditors here to be IN favor Of a trusteeship
WASHINGTON, Nov. 1.-The Controller OF tho Currency
received dispatch last ulght from Bank Examiner Ny
gait been looking into the condition OF the banks
IN Rhode Island. The Bank Commission in Providence
nave reported upon the affairs OF A. W. spraGue ana
Mr. Mygatt the report very favorable rs show
ing surplus OF eleven millions OF dollars in Their faVor
He reports that the banks are IN good cchdloh anu
working smoothly.
TINE REDUCED IN MASSACHUSETTS Mills.
LOWELL, Nov. 1.-The Eagle Mills at West
Chelmsford to begin on throequartcrs time next
week. and largest mill OF Graniteyillc ON hair time
IRON WORKERS DISCHARGED AT BANGOR.
BANGOR, Nov. 1.-To-nIght number o.
wOrkmen in the works OF this city wil be dis
charged on Of the lack OF work Various mann
acurers also intend reduce the working forces OF
their establishments.
STRIKE OF RAILROAD EMPLOYEES.
KNOXVILLE, Nov. 2.-0n account of gen
eral reduction of the wages OF the employees OF the East
Tennessee Virginia and Georgia Railroad Company the
engineers, 1rcmen. machinists, and backsmths quit
work Some delay in the running OF trains resulted, but
the Company has succeeded in supplying the places Of
the engineers and remen not to interfere with the
passenger service. The Company ordered reduction
OF 20 per cent made Tho employees willing 10
work on short time. but object to decrease OF wages
and not Of time. The Company will not rccede NO
demonstrations have been made by the employee.
WAGES CUTs DOWN AT LOUISVILLE DISCHARGED
LABoRERs GOING TO MEMPHIS.
LOUISVILLE, Nov. 1.-The wooden mills around
the Falls have reduced the wages OF employees 10 TO 20
per cent beginning this day. for the season. Several
iron manufacturers have reduced wages skilled labor
TO- and on common, 20 per cent Many discharged work
men OF railroad companies have gone to memphis lor
work. now that the fever has aDated