The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-08-22

lunch yesterday ana only askeu LOT
twenty-five cents change" And held
out q Columbian half dollar, These
coins sold, when issued, for ono aud
two dollars apiece. Their circulation
means that some persons are hard up.
AS two were offered at one small busi-
ness place iH-oRe day, the tota! amount
in circulation must Ds large.
Here Is one OF the stories OF the day:
A man entered pawnbroker's shop in
the Bowery, and, laying down twenty
dollar bill, asked II he could be accom-
modated with dollar on it, The pawn
broker was an excellent Judge OF money,
and saw at once that the bill was GENT
inc, So he turned and said to the
stranger, showing the bill back, that he
was in no mood for nonsense, But the
stranger, showing the bill back, re-
joined in earnest tones that he meant
business; that no couldn't get any con-
ductor on horse car to change the bill;
that he had already been put of three
cars; that his boots were awful tight,
and that unless he could get dollar on
the bill he would be compelled to walk
to the Battery. Well, the pawnbroker
couldn't but feel that the stranger
meant what he said. So he took up the
twenty'dollar bill, tOyed with ita few
moments, and then said to hImi "Well,
my friend, I'd like to accommodate you,
but owing to the financial stringency |
can only give you seventy'6ye cents;
Currencyis not so scarce IN suburban
places as it ia in New York, Mr.. William
Scheerer, OF the State Banking company
of Newark, who was seen by Press
reporter, said that as far as he knew no
Newark concerns had as yet been
obllgedto meet their payrols by checks.
ave have always had currency here"
tie said, ''aud have had some difficulty
in the past in getting New York to take
it off our hands Our bank alone sent
100000 to New York in July, but we
have not been sending any OF late, The
last consignment was made on tho 9th
OF last month. Business men here have
accumulated currency instead OF taking
it to New YORK 10 dispose Of it at pre-
MUM, preierring to keep it in CIrcua-
ton in Newark.
GLOW do you account for the differ
ence between Reward and New York|
was asked.
~ can see but one reason for IT." he
replied, land that is this: Thousands OF
workmen employed in New York live
here. Their pay has mostly been in
cash so far and they have expended 1t
here. So that there has been a steady
stream OF currency this way. think
the same state OF affairs exists in most
New jersey places near New York. u
do not think any due bills have been
issued as yet in this state"
Many interesting situations have
arisen from the inability OF cheCkhotd-
ers to get the paper cashed. Here ia
one authentic case told to the Pres re-
porter: "My salary is $40 a week.
got it in check. l tried to get rid OF
the check at the restaurant where l
lunch, The restaurant man was willing
to hang mo up, but he wouldn't cash
the check So went to my grocer,
My purchases for over Sunday amount
ed to 50 or So and presented my check,
half hoping that the grocer would refuse
1t. But not he His eye brighthened
and his mouth expanded into a grin.
"'Pm much obliged to you,' he said,
for remembering your bill. Lam short
to-day. With what you just bought it
is S3S rs. One twenty-five due you.
Thank you very much, and he put out
five quarters in change couldn't say
a word, but I've been strapped all the
week."
"a man whom I know to DO worth
hundred thousand dollars camo into
my office Thursday" SAID young pro-
fessional man whose income is not yet
very large and asked me to loan him So.
He had several large certified checks in
his pocket, but couldn't get the cash. I
divided with him all the cash had and
now l have one Of his certified checks
for twice what he owes me. Well
square up when the money market per-
mits."
AT Fall River many cash orders have
been issued. Some OF the business
houses offer a premium for them, some
accept them at face value and others
repadiate them.
THE STRESS AT YoNKERs.
At Yonkers no cash orders have been
issued in payment Of wages.
Two weeks ago the Alexander Smith
Carpet Manufacturing Company, who
wished to secure specie to pay of their
5000 employees, were much incOnvon.
fenced by being unable to secure the
required amount through the local
banks. They went to New York. but
were still unsuccessful. The firms
cashier, however, paid the employees on
the date set q portion OF their salary,
scheduled day to pay off the re-
mainder, which consisted OF week's
salary held back under the rules Of the
factory. These Yonkers firms have
closed down for an indefinite
period: Alexander smith Carpet
Manufacturing Company, 5000 em.
ptoyes; Fernbrook mills, 1000 em.
ployeg; Coyne's carpet factory, 800 em.
ployes. Warnig Hat Manufacturing
Company are running GU half time,
The Otis Brothers elevator works are
running four days week, and the
Flagg Hat Manufacturing Company aud
tho Rowland Hat Manufacturing Com.
pany are also running on half time.
This has caused much suffering Local
groCers and butchers have refused to
let the workingmen have credit. Sew
eral grocers and butchers depending
solely on custom from mill hands have
boon forced to close their doors. Many
families who had two or thrOe ON.
ployed in the various mills and receiv.
Ing on an average from S25 to S35 per
week are now in want with no present
indications OF the mills resuming work
to relieve them from anxiety.
Tho Washburn brass foundry has re.
duced It's employees wages twenty per
cent, and 1t ia reported that other mitts
now running on half time also intend
to mike a reduction in wages in tho