Wichita daily eagle. [volume] (Wichita, Kan.) 1884-1886, 1885-01-07
NEW YORK CORRESPONDENCE
To TO the Editor Of the Eagle.

vived any since the election. Last
evening | met a gentleman who Is
connected with one of The largest
wholesale dry goods houses in the
city. He said TO me, ''These are the
worst times | have ever seen.
asked him if..they had bee: any worse
since election than before, aud he re-
piled .'Thc failures have increased 10
Our losses by failures have amounted
10 over $50. 900. aud we do not know
where they are going TO stop. The
dry goods merchants all through the
extreme western states have sold
goods 10 the farmers on credit. The
low prices of grain makes ii almost
impossible for the farmers 10 pay H.
terest on their mortgages ana meet
their store bills. The result Is that
MANY of these merchants are failing
because they cannot collect their bills,
and the New York merchants have 10
stand their share of the loss. lie
said the election had not restored
confidence among the business men.
The manufactures OF the country feel
uncertain as TO what is going 10 be
done with the tariff, and They cannot
push their industries in the face OF
falling prices. Hence We see they are
lowering the wages of their employees
and carving on their business as
economically as possible. Throwing
lahorers out of employment and re-
dncing wages, is le5sening consump-
ion | asked him if other merchants
were suffering as badly rs his firm
Just n bad" said he. "and so are
the wholesale grocery dealers: in fact
in al. depsrtm EMS of mercantile busi-
ness there are like complaints"
Nearly all of The large dry goods
houses here are paying enormous
rents. The gentleman with whom l
held consultation said their firm was
p:NlHg soo,Vpo al scp i'h'- 0
their lease extended for another year.
He said: "IfI could get ont of bus
ine>s aud 90 on a salary would do so
quickly; we will lose more money This
year than we have made i'll the past
two wears" Most of the large dry
goods houses are reducing the wages
Of their employees from 10 10 % per
cent.
Many Of the large hotels in New
York are also doing a losing business.
One of The largest in the city, whose
daily arrivals last year was from 200
to $50, now does not average one
quarter of that number. Most of the
hotel proprietors Of the city are also
paving high rents to their landlords.
aud many during the coming year
must fail. We are constantly meeting
men from all parts of the country and
their united testimony is that "busi-
ness is dull, ''times hard, and ''it is
dlllfO-l iliiftS-ibAt w boAi'" 'f'"NF
without paving usurious rates of in
terest and on the best security at that.
There is considerable public interest
being manifested here just now in re-
gard to the rental of the pews in
Henry Ward Beccher's church. Mr..
Beecher's course in advocating free
trade and supporting the Democratic
party, and stump;ng the country for
Cleveland. has created an important
rupture in his church, the male MEM
bars of which have hitherto been, al
most 10 a man. Republican. His
wealthicst pew holders have been sup
porters of the Republican party. Many
of these have signilied their intention
of not renting their pews fer another
wear. Some of Beecher's Democratic
friends propose however TO 90 TO the
rescue and see that Mr.. Beecher does
not lose anything by his political
apostacy. His Republican friends have
thought Mr.. Beecher's course has been
preiudicial TO the best interests of the
country and to their personal inter
ests. aud therefore they refuse TO re- |
main in his church as pew holders or
be constant members of his congrcga- |
ton. The annual rental of pew5 in |
Plymouth church takes place on the |
9Th of January, and there will be con-
siderable excitement here about the |
matter until that takes place.
The treaty with Spain in regard TO
trade with Cuba, has attracted good
deal of attention during the last three |
or four weeks and the general impress
sion is that IL is bad arrangement |
for the United States although that |
treaty may be endorsed by the senate.
Ii looks like q movement on the part |
of the free traders to get the duties of
from sugar. and reduce the revenues
of the government about 100000 |
and 10y that means destroy |
the sugaT Industries va 'hc ao"'" "''
West which are now in flourishiug !
condition. Ii vii. not in any way ma |
teriaIIv benefit the United States. 1t
will probably destroy more industries |
here. and injure the American market
more than opening the free ports of
Cuba viii benefit the foreign markets |
for our products. The New York |
chamber of commerce oppose the |
treaty.
Hon. Samuel Rsndall's tour through |
the South is being watched with inter |
est. The speech of the latter at Louis
vile is characteristic Democratic |
speech. While he. Mr.. Randall, +
claims TO be an advocate of protection, I
he practically repudiatos H. lie says /,
"a tariff for protection is unconSiiiu- /
at the same time he i irving 1
to adopt tariff pillow that will please /
both his protection constituents and /
the Democratic party. He wants TO /
make out that the Democratic party 1
is the party that will give the indus /
tries of the country the protection 1
they require, and thai the Republicans
are inclined 20 carry it TO extremes by .