Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-08-13

that they secured here rs we'll as for that
they got outside of the city. One or more
| houses had men on the street collecting
currency.
THE AMERICAN TOBACCO COMPANY.
The American Tobacco Company re-
ceived in the morning n shipment of cur
rency from the North, and were enabled
to paw OF the employees OF their three
| branches-the Alien a. Ginter, the WHIT
| lock, and the Klnney-in notes and coin,
| as usual.
Talbot & Sons. W. ]. Yarbrough's
| Sons, the L. G.. Williams Company. L. IL.
| Mayo d Brother. MilhIsers Bag Factory,
j. q. Dill, the Chemical Works one OF the
| Manchester cotton-factories, and some OF
the smaller manufacturers also paid IN cur
| rency.
The Tredegar Company. the Old Do
minlon Iron and Nali-Works Company,
| the Richmond Cedar Works. the j. i.
| Pace Tobacco Company. and the other
Manchester cotton-factory met Their pay
| rolls in checks.
The Randolph Paper-Box Factory ard
the j. l.. Hill Printing Company paid
| partly in checks and partly in money.
Hardwicke * Mitchell and the Valentine
| Meat-Juice Company paid in checks. but
| for the greater convenience OF their en-
| ployees drew these checks for various
| amounts ranging from 81 TO IS. John
| sons lron-Works paid IN scrip.
THE CHESAPEAKE AND OHIO.
II was reported that the Chesapeake and
| Ohio Railway Company would issue scrip
to pay of with. This. however. was
| mistake When DISPATCH reporter
visited the Office Of the treasurer OF
| the company no was informed that the
| company used both checks and money,
| but no scrip. Up TO yesterday morn
| ing it was thought probable that
sufficient currency could besecured to meet
| the entire payroll with that medium. but
| later 1t was found that this was not prac-
| Il cable and force of fifteen clerks had
| been put to work signing checks OF which
| there will have TO be over G,t0J, IN order
| 10 send the pay-car out on time. The
| Chesaoeake and Ohio is in better physical
and financial condition than 1t has been
| for years.
THE ACKNOWLEDGEMENTS.
The Richmond locomotive and Machine
| Works paid Oft in their own scrip OF de-
nominations of 81, 81, 50, SO, and 500.
| This scrip IS handsomely printed. IS pay
able In sixty days, and bears per cent.
per annum. The COMPANY now has 922
! men on Its payroll aud W per cent. OF these
| are skilled mechanics.
| After the dinner hour yesterday the force
was assembled and Mr.. Joseph BRYAN,
wee pres, lent of the company, made them
O brief speech.
| Mr.. Bryan explained at some length the
| financial situation and the difficulty, not
| TO say imposslbllity of securing currency
| for the payroll. He said the men knew
| that the works had never been so well
| equipped mechanically and be assured
| them that the financial equipment OF the
| company was never better. 1t had $4,000
OF Richmond paper, which at any
other time could have been Eego-
| tiated with the greatest ease. The
| laws of Virginia, he explained made wages
| a lien upon the property and franchises of
| q manufacturing corporation and the
| counsel OF the company had examined
| fully into the matter so as to make the
| scrip absolutely secure tor those taking
il. The directors have resolved that the
| issue of the scrip or notes of the COM
pnny was the most practical and practlca-
| bic way Of meeting the emergency, aud
| these evidences Of debt specified upon
their face that they were due tor wages
URGED NOT TO ALLOW SHAVING.
Mr.. Bryan insisted that these notes
should be taken at par by the grocers and
| others with whom the men dealt, and that
! the latter should not submit to being
| shaved. He assured the men that the CON-
pany intended to stand by them and
promised that the first ray of sunshine
| that pierced the financial cloud should
shine upon the LocOmotive-W Works pay
| roll.
Mr.. Bryan's remarks were received in
good spirit and at the pay-hour the scrip
was taken without question. Last night n
| number of the employees of the works
went down the river on an excursion on
! the Pocahontas and offered scrip for their
tickets. II was readily taken by the steam
boat company.
| Some of the contractors and builders
provided for their pay-rolls lii currency,
| but others could not. Others still decided
| to wait day or two before paying off in
order to see il the financial situation
| would not improve. The brick-layers at
the penitentiary were paid sufficient sum
IN cash to tide them over until the middle
or later part OK next week.
GOOD SUGGESTION.
Friday morning Mr.. Cans. manager of
the house of A. Saks 4 Co. here. tele-
phoned to one OF the leading tobacco
manufacturers Offering him all the cur
rency that might come into the establish
ment by Saturday over and above what
was absolutely necessary for change.
The offer, 1T is needless to say.
was gladly accepted. Mr.. Cans
suggests that the retail merchants
generally place their currency at tho dis
posal of the manufacturers for paying-off
purposes, thus giving the benent of 1t to
the wage-workers. the class most needing
il and keeping II in constant circulation.
He also telegraphed to the Washington
house to send him all the currency that
could be spared.
McAdams Il Berry placed their currency
at the disposal of another large manu-
facturer.
PASSING TIE CHECKS.
When DISPATCH reporter went through
the markets late yesterday evening he
found that comparatively few certified
checks had been offered. but that
wherever offered they were taken without
hesitation if the change could be spared.
But the grocery merchants doing a largo
trade with the working classes had
stack" " of this expediency money, and
it served the purposes vt the retail bust |
ness admirably. 1t was common thing |
to see merchant take fifteen or twenty |
dollar check Of AS for bill of goods and |
give in change small checks of |
X and ID and subsidiary com. The |
reporter in his rounds saw no disposition |
10 shave the checks. On the contrary. |
the feeling seemed 10 be thar any man |
who would resort to such method of |
making money in the present emergency |
should not be tolerated. 70 put il in tho |
expressive language Of butcher in the |
First market. who was discussing the mat |
Ter. :" he should be- jumped on with both |
feet, and the man who does the jumping /
should STAY thore until be has squeezed |
compound interest out of the check"
''waERE IS THE cLRARIsa-HousEi
The situation has not been devoid of |
ludicrous incidents. Al Schen's corner. |
which has come to be known "a the tx. |
change, owing 10 the fact that many brick |
layers and others are Ia the habit of as
ssmbling there on Saturday morning. one
man was heard To sag TO q companion; |
Where is that confounded clearing
house, anyhow? want TO find 1t and |
get my money, or learn all about this
thing.n Another was detected philoso-
phisinR thus We'll. there is ons conso-
lation in NIL this racket--we are all on the
same level for once. Capital and labor are