Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1892-11-24
MANY ORDERS WITHDRAWN.
Manufacturers Notified Not to Fill Orders
Given Before Elect IN.
A BLANKET MAKER DIsGUsTED.

MIDDLEPoRT, Ohio, Nov. 1.-THE
effects of Tuesdays election are al.
ready felt here. To-day it became
known that King, Gilbert & Co. have
had so many orders Cancelled since
Tuesday, one firm alone necountermand-
ing an order for !, 200, 900 pounds oi
steel, that the firm has decided to re-
duce wages in all departments of its
big plants. In some cases the reduc-
ton will amount to 10 per cent. The
firm saysit must do this or close down
until the Democratic policy is known.
| WASHINGTON, Nov. 11.-Postmaster
General Wanamaker, in discussing the
outlook in view of the triumph of the
free trade doctrine of the Southern
Confederacy, said to-day: "Put your
idle money into good real estate.
He believes that capital will be wary
of manufactures until it is seen what
the Democratic Congress will do with
the tariff, and that whenever money
is withdrawn from trade real estate
appreciates In value.
L. T. Michener, of Indiana, holds a
like opinion. He said 81 believe that
desirable real estate will now advance
in value, and more rapidly than the
withdrawal OF capital from manufac-
turing, shipping and other business in
terests. Manufacturing interests will
be at a standstill until the new Con-
gress revises the tariff. That will be
at least eighteen months from this
time. The new Congress will convene
thirteen months hence, and it cannot
act finally upon SO vast a measure as
| a tariff bill under five or six months
after it convenes. Men will be chary
about lending money on long time,
and for temporary or permanent in
vestment will put it into good real
estate. The new tariff law defeated US.
We will now see what the Democrats
will do in the way of cutting down the
tariff and maintaining the govern
ment."
General Michener told OF an expert
ence he had yesterday. He met a
large wooden and blanket manufac-
Surct VI NcW uerSey, WIZ ndu NOlcu
| the Democratic ticket and who had
given $4,000 to "save" New Jersey
for tariff reform. The blanket man
| was worried. He had been fretted
| with kilograms all morning from his
agent in Chicago to come there at once.
A large firm, that had given big Or
der before election for blankets now
wished to countermand it, because it
a nt od f0 ltntfl OF FOR tho
Gratis had reduced the tariff. The
East, for he had been flooded with
kilograms from all over the country
countsrmanding orders on the same
goods. The Jerseyman was mad real
izing how his $40, 900 had saved New
Jersey.
Already the storekeepers of Wash
ington are beginning to feel the effects
of the free trade election. Those who
have laid in a large stock of goods af-
fected by the tariff have been brought
face to face with the fact that they
will be obliged to hold them for long
time. Purchasers are holding off for
the tariff to be reduced so they can
buy cheaper.
A prominent jeweler said to-day that
he tried to sell a watch to a customer
! who had been intending to purchase
for some time past, and hewas greatly
surprised when the customer re-
marked: "Oh. / am going to wait
now. The Democrats are going to re-
duce the tariff, and you can import
watches cheaper and L will be able to
buy this one at less cost than pow."
The jeweler remarked that this is but
sample of his experience so far, and
he is getting scared.
GAINESVILLE, Ohio, Nov. IL
James III. Watt, president of the Watt
Mining Car Wheel Company, to-day
offered to take a completeinventory OF
the extensive manufacturing estab-
lishment and sell the same for seventy
five cents on the dollar on account OF
the Democratic victory. The works
could not have been bought Tuesday
for 81 80 on the dollar. The company
does a worldwide business.
S. HI. Marius, of the firm of Henry
S. Marius & Son, Baltimore, Md,
came here Tuesday with the intention
OF buying $50, 900 worth of wool from
a local dealer. When he heard the re-
suit of the election he Immediately left
town, saying that he did not care to
buy any more wool.