Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1892-11-17
THE EFFECT UPON TRADE.
Manufacturers Notified Not to Fill Or.
ders Given Before Election.

ders Given Before Election.
MIDDLEPoRT, O., Nov. 12.-The effects
of Tuesdays election are already felt
here. Today it became known that
King, Gilbert & Co. have had SO many
orders Cancelled since Tuesday, one
firm alone countermanding an order
for 100000 pounds of steel, that the
firm has decided to reduce wages in all
departments of its big plants. In some
cases the reduction will amount to 10
per cent. The firm says it must do this
or close down until the Democratic
policy is known.
Washington, Nov. 2.-Postmaster
General Wanamaker, in discussing the
outlook in view of the triumph of the
free trade doctrine of the Southern
Confederacy, said today: Put your
idle money into good real estate.n 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 with
draws from trade real estate appreci-
ates in value.
Gen. Michener, of Indiana, told of
an experience he had yesterday. He
met large wooden and blanket manu-
=
facturer of New Jersey, who had voted
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
order before election for blankets, now
wished to countermand it, because it
wanted to wait until after the Demo-
Gratis had reduced the tariff. The man
ufacturer was obliged to stay East, for
he had been flooded with kilograms
from all over the country counter
manding orders on the same grounds,
The Jersey man was mad, realizing
how his $4,000 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
affected 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.
GAINESVILLE, o., Nov. 11.-James H.
Watt, president of the Watt Mining
Car Company, today offers to take
complete inventory of the extensive
establishment and sell
the same for seventy-fve cents on the
dollar on account of the Democratic
victory. The works could not have
been bought Tuesday for $3.50 on the
dollar. The company does world
wide business.
S. II. Marius, of the firm of Henry S.
Marius & son, Baltimore, Nd, came
here Tuesday with the intention of
buying $4,000 worth of wool from
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.
Cannonburg, Pa, Nov. 14.-Tne iron
and steel manufacturing company,
which had been making arrangements
to start, in connection with their mill,
one manufacturing tin plate, and had
ordered machinery for the same, have
abandoned the project, giving as a rea-
son that the Democratic administration
having declared its policy on the tariff
they fear the infant tin plate industry
would not likely thrive under a reve-
nue. tariff.
Pittsfeld, Mass, Nov. 14.-E. d.
Jones Sons & Co. received dispatch
this morning canceling an order for
machinery for 100000 paper mill in
New York State, for which the founda-
tions are already laid. The projectors
say they have decided not to go on,
owing to the result of the election.
Youngstown, o., Nov. 14.-The Fal-
con Iron and Nail Company, which
has been engaged in putting in founda.
tions for a large tin plate plant at Niles,
O., has decided to complete the work
already laid out, but will not finish the
improvements until the policy of the
Democratic administration is deter
mined.
Reading, Pa, Nov. IA telegram
from Phoenixville this morning says
the night turn on two mills of the
Phoenix Iron Works have been taken
off, and this will be followed by
general reduction of the force all over
the works on Monday. A lack of orders
is ascribed as the cause.
Milwaukee, Wis, Nov. 12.-It is re-
ported that the Democrats of this
county propose to have the vote of the
veteran soldiers in the Home thrown
out on the ground that they are nom
residents.