The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-09-05
DEMOCRATIC PRosPERITYO

Sherman Law Repealed and Yet
the Failures Go On--Fac.
tories, Banks and Stores
Still Closing.
A. M. Rhyme, & Son, Lexington, N.
c., celebrated the era of good times
and confidence restored by closing
their store on the Goth.
w. +. Snipes. Winston, N. @ as
signed on the 28th. Liabilities from
$1,000 to "a, 600. Good times and a
gold basis did the work.
ST LOUIS, Mo, Aug, 19.-The Gree
ley-Burnham Grocery Company made
a voluntary assignment this morning
to 9. B. Durham, junior member Of
the firm. Assets approximately $780,
600 to $40O, 900 liabilities between $780,,
900 and $500, 900. The cause of the as
signment is inability to realize on
assets, as a result Of the present fnan-
clal strlngency.
Wallace C Sons, dealers and manu-
f%acturers in brass and copper goods,
AnsOnia, Conn, employing 900 men,
were forced to close on the 23d. They
have Over two million dollars worth
of property, but can't get money to
continue business.
Samuel f. Harris, New York, as
signed on the 23d, owing $40, 600.
James A. Hammond, a large florist,
was among the many who failed in
New York last week.
We'll, Dreyfus 81 Co., a large Boston
firm, has allowed their business TO go
into the hands of a receiver.
MILWAUKEE, Wis, Aug. 23-An
other demonstration by unemDloyed
workmen occurred in this city to day.
This time the south side was the scene
of disturbance. A large number Of
Poles attacked g party of Iaborers at
work on a street contract. A lively
encounter ensued, but nobody was
seriously injured.
WEIR CITY, Aug. 23.-An exchange
Of shots between a negro miner and a
crowd of strikers has wrought up eX
element here to the danger point.
DETROIT, Mich, Aug. 23.-The Michi
gan Peninsular a shops will by Sat
urday night be shut down for a period
not exceeding three months. The
directors have voted to lay off all office
employees for three months without
pay and to lay off all superintendent
and chiefs Of departments for the same
period on half pay.
READING, Pa, Aug. % The ToptOn
Il u ASNi ONA'i Ps%iS II lCPUCi, pOSIGu
a notice to. day announcing reduction
in wages of from ten to twenty five
cents a day, to take effect on Septcm-
Der 1.
CLEVELAND, Ohio, Aug % -The
blast furnace at the Central Works OF
the Cleveland Rolling Mills Company
closed down yesterday, throwing sew
eral hundred men out of employment
The furnaces are blown out entirely
and indications point to a long shut
down.
BANGOR, Me, Aug 23.-Tventy of
the largest WOODEN mills in Maine will
shut down next week to await develop
ments. This action was decided on at
a meeting Of the Manufacturers Asso.
citation in this city yesterday. The
reason assigned is the total lack of con
tidence and the uncertainty regarding
the tariff.
The Allegheny Star says it is esti-
mated that the people of Ashe county,
this State, had SIS, coo In the banks of
Abingdon, Va, which failed recently.
LANCASTER. Pa, Aug. 24.-The ap.
praisement of the personal effects Of
the banking firm of Z. X Smith & Co.,
of Columbia, which failed recently,
shows their affairs to be in a d%eplOrable
condition. The cash on hand with the
securities will amount to less than
81, coo. The deposits amount to $151,-
900 and the claims Of the preferred
creditors, not d9positors, to over 500
600, so that unless the latter are set
aside as fraudulent, the creditors will
get next to nothing. The firm paid 5
per cent. premium on time deposits
and 3 per cent. on daily balances. One
man had $50, 900 on deposit.
CHATTANOOGA, Tenn, Aug. 24-Di-
r~ectors of First National Bank, of Day
ton, Tenn have decided to suspend
payment to depositOrs for sixty days
and a circular to that effect been mailed
to the depOsitors. The assets are more
than double the liabilities, but the
stringency in the money market makes
a stoppage Of business necessary. The
bank hopes to resume in two months
or less.
ST. LOUIS, Aug. 24-The @. 3. Wood
ward Printing Co, at Nos. SIS, $40 and
622 North Second street, made an as
signment this afternoon.
STAUNTON, Va, Aug. p p. H. Eu
bank, dealer in lumber, sash, doors and
blinds, assigned TO day to w. FL.
! Landes, trus tee. Liabilities 81, 654 80,
as follows: StauntOn Perpetual Build
ing Company, 81 500. 80; 3. T. Bagby,
1888 So; Alice G. Steinbuck, 5000; other
creditors, IS 500. Assets about 81 .OOO.
Creditors Of the 5th class are lumber
dealers from Eastern Virginia and
North Carolina. The Staunton Per
petual Building Company is the first
preferred creditor.
ST. LOUIS, No, Aug. 26.-The failure
Of Stern & M0hlman, lumber dealers,
was announced to-day.
CLARKsvIL1E, Tenn, Aug 26.-X. R
McMurray s. Bros, the largest dry
goods dealers of Guthrie, Ky, thirteen
miles north Of here, assigned yester-
day, as a result of the suspension Of