Ashtabula telegraph. (Ashtabula, Ohio) 1874-1880, 1877-03-02

Consequently, there will be a great
many buildings erected this year
which will stand empty. But it will
be a good thing, for it will give the
poor employment, and help to bridge
over what otherwise would be ter
rible year.
POLITICAL.
There is no change in the politi-
cal situation. The Democracy are
ehagrined beyond telling at the turn
things have taken in Washington,
but the business men in the party in
sist that the decision of the Commits
sion shall be respected. That emf
nent reformer, Mr.. John Morrlssey,
is indignant at their apathy. Mr..
Morrissey put up great deal of
money to aid in making his friend
and associate, Mr.. Tilden, President,
under the promise that he was to
control the appointments in New
York. He wants Tilden to make
him good, but the astute Samuel de-
clines to do anything of the sort,
claiming, and properly, that Mr..
Morrissey went into the speculation
as a speculation, and that if he has
lost it is the same as though he had
bet it on any other game. Morris
sey swears that there is no honor
among politicians, and he is going
back to regular gambling. He says
the worst skin game in New York
has more honor in it than he has
found among the Democratic politi-
clans. He is disgusted, and has
made his last appearance in national
politics. He will confne himself
hereafter to plundering the city and
State, and his faro banks. l think,
myself, he will do better. There
isn't a gambler in New York who is
up to the tricks of Tilden and his
gang. They can lay such men as
Morrissey out every time.
81 have thought. sometimes"
said the merciless young man, ''that it
was my duty to the stockholders to
have an investigation made of your
accounts, but l thought better of
it."
What else transpired will never
be known. Only this, the young
man was promoted Immediately, his
salary was raised, and, retrenchment
being a proper thing in these times,
the two ladies moved into one house,
saving the expense of keeping up
two establishments, and besides it is
convenient for the two principal
men i'll the concern to meet there to
discuss the affairs of the bank.
When it finally smashes, two of its
officers will be well provided for.
THE NEWSPAPERS.
Newspaper property is about the
worst thing to have in New York.
The Herald which used to make a
profit of seven or eight hundred
thousand dollars per year, is only a
little more than paying its expenses.
1t charges 40 cents line for adver-
tising, and gets all the "wants, :"
''for sales," and what is known as
the servant girl advertising. But
the servant girls havn't got any
money now, and its pages are bare.
The Tribune is losing money, the
Times is just holding its own, and
hardly that, the Sun is making some-
thing, but not much, and the rest
are sinking money. People have no
more interest in newspapers than
they have in anything else, but moth
ing so well and truly indicates the
condition of business as the condi-
ton of newspapers. The hard times
cuts off circulation, and in bad
times there is nothing to induce the
advertiser to make investments,
There are no bonds selling now, the
manufacturers are selling close to
the wind, the times are too hard for
swindles even, and so the revenues
of the newspapers are cut down
very close. They are all struggling
along, however, hoping with every
body else for the good times that
are to come.
BUSINESS
generally is very bad, though lit
tie improved since last week. 1t is
safe to expect steady improvement
right along now. The mills in New
England have started up, and trade
from that section is improved. The
South and West is coming in more
freely, and the prospect for a mode
rate trade in the Spring is promising.
One manufacturing house up town
that has been running on half time
goes into full time next Monday,
and a great many more are increas-
ing to seven and eight hours The
outlook is decidedly better.
PIETRo.
New York, %, 1877.