The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1875-11-11
WOES OF THE WoRKERs--Too
MUCH MONEY!

WOES or THE WoRKERs--Too
LUcE MONEY!
The times are growing worse. In
the midst of peace and plenty, with
exemption from var, pestilence and
other public calamities, business
grows more stagnant, thousands of
intelligent, active, and industrious
mechanics are being daily thrown
out of employment or having their
wages reduced, and the people are be-
coming poorer. Republican eXtrav
agance, waste, peculation, corrup-
ton, misrule and malfeasance in adj
ministration Of every description
have brought the country t. this de-
plorable condition. Taxation and of
fetal spoilation are robbing industry
of its rightful earnings and enter
prise of its just reward, and the daily
recurring news of the failures of mer-
chants and manufacturers which fill
the columns of the newspaper press,
is more eloquent than all the Icing
Radical speeches made f:om the
stump. There a be no other rea
son assigned than the result ofthe
policy of resumption. The silly cry
of 'too much money!" "over-produc-
tiyeness," is now being realized in
it's true light. The fixed and de-
termined policy Of the Republican
party" is fast fastening the financial
millennium and in bringing ruin up
on the business interests Of the coun-
try. The harvest has commenced,
and ere the time arrives for specie
payment, as indicated by the Re-
sumption Act, the entire business Of
the West will lay prostrale, and thou
sands of mechanics, labcrers, clerks,
manufacturers and other business
men will be hanging on the ragged
edge of despais" and begging for
bread. And still poor men vote for
: a continuance in power of this party,
that has dragged the country into
the mire of robbery and corruption.
We continue our list of failures caus-
ed from "too much money!" with the
additional fact, that as winter is APP
preaching, the laborers and the me-
chanics over the country are having
-+their wages reduced down to the
, lowest stipend, while that of the
Bondholder and Banker is being in
creased through the Radical policy
of contraction. These are facts,
, stubborn facts, which will be more
fully realized before the winter OF
rs and ZIG will have passed away:
f Troy, November 1.-The opera
tives of the Harmony Mills at Co.
hoes, numbering five thousand, have
| accepted II per cent. reduction in
, wages.
New YORK, November 1.-The
i Hudson River Railroad Company
has discharged over one hundred
, track-laborers, and it is expected
l that further dismissals will be made,
l PITTsBURG, November AT d
meeting of the manufacturers and
: puddlers, held at the Iron Associa,
tion rooms on Saturday last, the pro.
position of the owners to pay $4,75
per ton for pudding vas rejected by
the puddlers. An agreement was
Y made that the manufacturers pay So
: per ton for the next thirty days, af
, ter that the price to be regulated by
that paid by Eastern manufacturers
The manufacturers claim the East,
ern puddlers receive but $3.50, while
the workmen state they receive ST.
per ton. During the thirty days the
mills will be run at this compromise
. price, and the matter of Eastern pri
S ces investigated.
CHICAGO, November 3.-Richard
: NJ. Hooley, well-known proprietor Of
Hooley's Theater, filed a voluntary
. petition in bankruptcy to-day. His
0 schedules show his unsecured debt:
r are about $4,000, of which $20,00t
are due Backson u Waterman, New
York, ON account of land purchases
Assets are in theater and land OIL
. which is built worth about $4,000
but encountered to the amount o
S over $685. O0.
e Ira Holmes, formerly President o
the defunct Manufacturers Natiopa
Bank, went into voluntary bank
ruptcy to-day. His secured liabili
a ties are 1921, 900; unsecured, $112,
is 900, and his assets are insecure,
le notes amounting to $4,000; a larg
:. interest in the Clifton House which
:" however, is mortgaged to nearly it
full value, and stock Of the Manu-
d facturers' National Bank worth abou
is $12 ,000. His other assets consist
,e mostly of personal property.
;, SAN Francisco, November 1.-Th
u National Gold Bank and Trust Com
is pany did not open this morning. /
crowd assembled before the openin
hour, with every Indication of a cor
t~inuance of the run, and the officer:
!, as a measure of safety, refused to pa
checks. The officers vouchsafe bu
little information. They claim this
ID the hank cnn nay aynru thinr in full