New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-05
BOSTON.
BUSINESS TRoUBLEs-POLITICs AND POLL
TICIANS
IBY TELEGRAPH TO THE TRIBUNBI

IBY TELEGRAPH TO THE TRIBUNEI
.RcsroN Aug 4-The great sensation of the week
has been the failures in the boot and shoe hade-
one of our most extensive branches OF business ana
which has been SUI opposed to be based on the most
subs an al foundations. So far as is known, the
trace was doing generally fair business ana rom
that cause the suspension of firms accounted imam
cially strong created much surprise but no" 'uo
first nothing like panic has occurred. ms iacC
fully attests the sound, conservative cnsracCel vi
the trade as q whole. aud the abundant capila' CHI
barked in this department OF indus' ry' NUM- y.
the doiefnl effects prophesied, sucn as auu'u'on"
stringency in the Boston money Market eVc' na'o
vet occurred II was perhaps fortunate thar
the announcement of the first heavy 1aliure Oh
Monday found the community in state OF prepare
finn. as the fail had been suggested the Saturday
preyious The firms that have taken the prehm-
mary stems to liquidation were connected win esch
other in their business transactions. None or tho
fa,Iures were of tie disastrous character calculated
to render creditors indignant. Ample asseIs' oniy
recurring iudIclous management to meet every oo'-
lar of liabilities reported IN nearly every caso'
The losses most felt will fall upon the places where
ext.nsive manufactures had been erected. Although
MANY discharged workmen will easily OBTAIN EN-
ployment in other establishments. The sum totai
of the shoe failures thus far foots up ABOUT
Is. 100000. Not more than one OF Two more
failures are now probable. Absurd reports
have been circulated that the Boston banks are serl
onslv compromised by these suspensions. So far IS
this from being true that not single pahN ncIe
held over $lOOO 900 of the Shaw paper, ana only
tvo had that amount-a comparatively small sum.
A week ago the Legislature adjourned, and Gov
ernor Butler has not astonished the natives win an
additional false accusation. Ills retalherS are
anxiousls waiting TO hear something drop III tho
meantime induging in ambiguous givings-out as TO
what certain notorious Investigations are hkey
20 reveal. The same little game has
been begun that WIS pursued last fall
as to his acceptance of the Democratic nomination
His benchpien represent him IN dubious state
about running Well he may be, with the prospect
as seen by every sagacous politician; bat the circle
surrounding hIm have no interest TO lei MIN kno"
the trnth and tn refore he will again be IN the
field after the requisite backing and filing.
The Republicans of Massachusetts, never felt more
encouraged than they do to-day. The meeting OF
their State Committee on Tuesday resemoled
;nbilee gathering more than business assembiage.
Nearly every member had accounts 10 give OF voters
returning 10 the old fold aud of a reawakenlng Oh
the old-time spirit and determination. The Non-
mating Convention in this city on the l9th OF sep
tetnher will be free and uutrammelled consulta-
ton as to the strongest Gubernatoriai canoldate
possible to put in the field. There are no boons for
ANYBODY, but a gradual concentration CD Congress-
man Robinson has taken place within lew
DAYS The best judges of public oOinion i'll this State
aver that he would beat the author of the Tewks-
bury ISLANDERS by $4,000. In Boston the Republicans
mean to wage very lively contest, and have al
ready opened headquarters in several of the wards
large amount of work is to be done in the way OF
assessing voters, towhich the Republicans here have
heretofore paid little attention. These assessments
must all be made this month for both the city and
State elections. IL is no secret that independent
cizens of all political stripes intend 10 exert every
nerve for the parpose of getting rid of the crew that
disgrace the Boston municipal government The
election occurs in December Many Democratic
vote will be cast against General Butler IN Novem-
ber by BostonIans in order to render easier the
contest month la:er Indications point to high
degree If political excitement in he commonwealth
next fall, which will not cease here until the
Mayoralty election has been decided