The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1875-11-18
"Too MUCH MONEY!

closing in and all industrious pur-
suits are almost at a stand still.
Failures are reported from all quar-
tiers and financial distress shows out
on all sides. The products of labor
are sinking in price an there is no.
thing to do, for no one a afford to
employ. Wheat is comparatively
worthless and corn is nominal. No
thing but meat commands anything
like a remuneration, and this article
is on the decline. Able-bodied men
in farm labor, are employed at thirty
cents per day and their board. Many
others can obtain no employment
even at this price. Tramps of every
description are perambulating the
country, stealing whatever they can
find. The jails are full to overflow
ing with petty thieves, and still they
come. Winter is closing in and
many INDECENT persons are on the
verge of starvation, and if they can
not receive employment are either
compelled TO steal or starye. Such
are the legitimate fruits Of the radi-
cal party, who have had control of
the government since the close of the
war. The regulation of the curren-
cy has been given over to the bond
holding monopoly, which has no in
terest in common with the laboring
masses. The people are dupes to a
monied power which controls the
value of labor and ehills all indus
trious pursuits of the country. Con-
gress, in the Interest of these aristo-
%crsts, has adopted the policy of con
traction, with q view, as it is claim
ed, of returning to specie payment at
an early day. This policy is ruin
Gus to all industrious pursuits of the
people, and is now beginning to
show itself in unmistakable terms to
J the laboring classes, while it creates
a real harvest to all who deal in mo-
ney.
+ How long will the people bear this
monied imposition and permit them
. selves to be ground down to poverty
l and want, by this heartless monopo.
ly? How long will they vote in the
interest of such a usurpation? The
government belongs to the peopl,
: and should of right be administered
t in their interest, for as they produce
e all they should surely rule all Blu
the bondholders have saddled them
selves upon the radical party, and a
each election succeed in excitin;
It party prejudices for the sole purpos
of maintaining their own ascenden
cy in the councils of the nation, an,
the result is 'sdull times" failure
le and suspensions go on, and we con
le tinue our list:
OTTowA, ONT., November 9.-Jas
A. Gowan, proprietor of the Russell
House, made an assignment to-day
Liabilities, $780, 900. The Albio
n Hotel also succumbed to hard time:
% New YORK, November 9Th
failure of Solomon Meyer, $50 Broad
way, dealer in ladies' hats and trim
mings, was announced yesterday
j. Assignments were filed with tn
d County Clerk, by Joseph Pollok an
by James and Wilbur n. Wickhan
N The Receiver of the Peekskill Iro
:. and Mining Company has closed tn
. mines and furnaces which he worke
is during the past month, in expects
re ton that the Company would get a
ID extension from the creditors. Th
liabilities amount to 100000, an
the Receiver expects to sell the proI
Vi erty in a short time for the benefit c
a the bondholders. The bond an
mortgages on tine property amour
to $350,000, and when these are sa'
isfied there will be very little left fc
the creditors.
al Boston, November 1O.-The He
aid announces the. failure of F. &c
e. dowsky, among the most extensiy
furniture manufacturers here, an
places his liabilities at $4,000, an
OF assets at $15O,000.
y NEWARK, N. j., November TO-
J. The private banking firm of A. 4
Il, Reynolds & Co., of this city, su.
l. pended yesterday. 1t is believed I'll
assets exceed the liabilities. I'll
senior member of the firm has vail
Sc able property in the city. The fir
he hope to resume at al early date.
Mt New York, November 10.-Ge
. E. Way, tea jobber, Water stree
failed yesterday. Mr.. Way refuse
ne to make public his assets or liabil
of ties.
he James Wyekam d Son, commi
n. sion merchants and jobbers in bu
ter, Reade street, have made an a
signment. The failure is an impo
tant one.
10 OXFORD, November 1.-THE flu
OF %niture, bakery, ETC., of the Oxfol
an Female College were levied on to-ds
ve by execution on two judgments
favor of Miles Greenwood and Ale
Guy. The judgments amountto s.
OF 600.
is New York, November lit
-e- failure of S. NJ. Beard, Son d c.
M tea merchants, with liabilities
$780, 600, is announced.
New York, November 12.-Tv
st- failures in the butter and chez
trade are announced, Armstrong al
Morrison, of Chambers street, al
nd I. S. Doremus & Co., of Greenwic
- ctpant