The New York herald., 1873-11-13

She has S23 manufactures giving direct employ
ment to about 1000 persons The pig iron manu-
iacture alone employs 960 men, and 620 men are en-
gagged Ia the stove business. An establishment,
engaged In the making OF rolled iron and nails,
has IN Its employ 750 men. and two general casting
concerns give as rule employment to lit persons.
THE PANIC OF NO ACCOUNT.
So far the financial depression has had but little
effect upon the general trade OF the city, and the
great majority Of the bankers, grain men and mer-
chants generally are OF the opinion that the crisis
has done its worst and that It's effects for the
present are by no means damaging. They confess
freely that the stringency in the money market has
crexteu great deal OF want OF confidence among
sraaeas generaliy but they assert that the sky is
now clearer than ever and that instead OF antici-
patng worse storms in the near future than have
Already peen suffered. nine-tenths OF the business
men are ready ana prepared to go right straight
ahead, just as though nothing had occurred to mar
the general harmony OF business prospects.
one OF the most prominent bankers in town
and who Is the head OF one OF the greatest stove
city-at least in its immediate neighborhood. He
had Just arrived from Chicago when l met him. anu
he said that out West the talk about the called
panic was considered Just so much buncombe and
that the people didn't seem really to pay any at
tention to 1t. He added tnat the crops out West
were so large that there would be no danger OF
any panic there whatever. In ausion to AFFAIRS
nearer home Mr.. Jewett said that the banks OF
Buffalo had BEEN during all the New York panic
fuss, as regular In their business as they ever had
been, and that had 1t not been for the newspapers
coming out every day with something about
TIKI 'sTRINGENCY OF THE MONEY MARKET"
the people In Buffalo would have never known
that there had been any financial difficulty. He
added, moreover, that at the close OF the Daviga-
tion the situation would be better than ever. and
that instead OF black outlook, the people OF the
city would have reason to congratulate themselves
that they were as well or as they ever were.
GENERAL GOOD FEELING
As Burrao is . great manufacturing place and
employs q very large number OF men in various
departments, 1t cannot be denied that a certain
amount OF curtailing OF labor, despite the general
to have IL TO say, however, that thus far, there
has been no serious disagreement between en-
ployers and employees despite the general necessity
OF reduction. Probably the very best illustration
cutters In the employ OF the State on the Insane
Asylum building, who had to be discharged day
or two ago because OF the annual appropriation for
the works having been exhausted, presented
themselves in body to their superintendent, and
proposed that instead OF being discharged out
right they should be allowed to work on piece
days pay, leaving the other half to be paid when
the Legislature would make good the necessary
appropriation. This shows concluSively that the
working men understand perfectly well that it Is
now no time, by sunionsn or other device OF or
ganized opposition, to fight employers, and that a
policy OF general conclliatl0n Is the best under all
circumstances
THE BUFFALO woRKINGMEN
In Bufalo proper over 5000 men are employed in
the iron trade, nearly 200 in the -four mills 900 In
the planning mills and over 1000 in the breweries
Mr. JeWett and Mr.. Joseph Warren and other
prominent gentlemen, who ought to know OF what
they affirm, do not believe that during the winter
over ten per cent OF the skilled and unskilled
Warren believes that the total cutting Off will not
amount TO over five per cent, which is certainly a
good showing for the city's prosperity: Now, to
the city, l append the following table in round
numbers derived from authoritative sources:-