Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1893-09-09
STOOD THE TEST.
Effect of the Financial Strin.
gency in Rock Island.
GAME OUT OF IT IN GOOD SHAPE.

Factories Resuming and Money Finding
| Its Way Back into its Natural Ch.,-
he's-Locaiiy Speaking There is no GEN
eral Cause for CompIaint-Condition OF
the Banks.
Rock Island, like all other cities
felt the financial closeness from
which the country is Just emerging.
but it may be said with infinite sat
isfaction that no commercial center
in the country has stood the test of
soundness with any better results
than has Rock Island While every
branch of trade, and individuals cen
orally have fell the effects of the
tightness in monetary affairs. the
| city as whole, has come out of the
unusual conditions in good shape.
There has been nothing to show that
business has suffered to any disas-
trous extent, and there have been no
more failures probably than there
might have been anyway, and in this
respect Rock Islands quota is always
low. Our indus ries have been affected
by the dull times, as has been the case
invariably everywhere IN the land.
and have for the most part been
obliged to suspend temporarily in
consequence Of the cancellation OF
orders, but they are resuming again.
The Rock Island stove works resumed
the past week with full force and full
time. The Rock Island pillow works
Will shortly do likewise it is believed.
though the management is still non
committal on that point, while others
are preparing to follow suit
The Local Banks.
The local banks have not suffered
in the least degree. They are all as
solid as the money they handle
| There has been no unreasonable de-
mand for Withdrawals on the part of
| depositOrs. The Rock Island Saw
ings bank which recently put itself
under the projection of the law with
regard to the so days notice require
ment in the matter of Withdrawals in
order to be prepared for any emer-
| gency, is graf fed today to find that
OF the number of notices presented
for 90 day Withdrawals, a great many
have indicated their intention of per-
hitting their deposits to remain un-
| disturbed, and many additional de-
| posts have been made. so that short
| ly the bank will resume business in
the old way. All the Rock Island
banks have plenty of cash. and it is
gradually finding its way back into
the channels IF trade
All over tn" Country.
From all over the country come evil
dences of the resumption OF business
The Oliver Iron and Steel COM
pany at Pittsburg. i again running.
At another steel works in the same
city 200 additional men were put on
the pay roll. The axle works al AL
| .eghany and the stove foundry in
the same city, which closed nine
weeks ago. are again in operation.
All departments of the Carnegie
| Steel works at Homestead are now
running, and over 2.OJJ men are on
the lists. In several other factories
at Pittsburg The hum of machinery is
| heard where for some weeks it has
been quiet.
An exchange has prepared the
following list of factory resump-
| tons:
The knitting mills at Little Falls.
n. Y. after a vacation of several
weeks, have resumed.
The cartridge company. a large
concern at Bridgeport, Conn. is
again working full-handed and on
full time.
The large cotton mill at Peters
burg, Va. is doing business as usual.
In Providence. K. | cotton mills
and rolling mills are humming.
The glass works at Clayton. \. j..
have started their fires with view
OF running at full capacity in few
days.
AT Allentown. Pa. the Barb Wire
works which have been idle for four
weeks, are again busy.
At Lewisburg. Pa. two large nail
works are al work without any re-
duction of time or wages.
At Dover. n. H.. the large wooden
mills begin next Monday running on
full time at the old schedule of
wages.
One of the largest firms in the
country in the manufacture OF coll
lars, at TROY, \. Y, has ended
months idleness by calling back its
hands.
The Peoria Pottery works, among
the largest N the country, is again
turning out work.
In ST. Louis the Buck Stove and
Range company has put 500 men at
work.
The Cum berland, Md, steel and
tin plate mill has resumed with
enough orders on hand to run all win
ter.