The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1896-11-14

the banks being compelled to contract
their loans, need have 40 more trouble
in that respect.
Local banks have universally with
held their gold owing to the nervous
ness Of depositors, up to the conclusion
OF the election. Today they began pay
ing the yellow metal out to all their
customers who desired it. An inVen-
tory taken a few weeks ago showed
that most banks here had from $780,
600 to s25o00O in gold and one or two
had more.
"We win put 1900 more men on the
construction of the Kansas City, Pitts.
burg and Gulf Railway at once" said
President A. Z. Stillwell Of that road
today. ave began laying track south
of Mona, Ark, yesterday at the rate of
three, fourths of mile day. We re-
ceived cablegrams from Europe buying
our securities this morning"
Denver, Colo, Nov The laying of
rails on the Golden Circle Railroad in
the Cripple Greek mining district was
begun today. Syl. T. Smith, president
of the cripple Creek railroad, is in
charge.
1t is reported that since the election
he has foated the bonds for the con-
struction of not only the Golden Circle
but also for the Florence Southern rail
road, which is to run from Florence to
the Silver Cliff district.
st. Louis, Mo, Nov. SAN st. Louis
banks resumed gold payments today.
President Thomson of the National
Bank of Commerce said:
"We have today ordered our paying
teller to pay gold whenever asked for.
We did this as the result of the election
of Mr.. Mckinley.
"Before the election we dared not, as
the demand for gold by those who
feared the success of the silver move
ment would have exhausted our sup
ply"
Birmingham, Ala, Nov. 5.-The cleo
ton of Mckinley and the triumph Of
sound money and protection are al
ready having a beneficial effect upon
the iron industry of Alabama.
Last night the Birmingham rolling
mills resumed work. The plant en-
Z ployed 1000 men. The Alabama roll
ing mills at Gate City, which shu
down because of the dull market, thu
result of the free silver threat, will be
j gin work again next Monday with 1
complement of 700 men.
. Iron masters say that the iron mar
t ket has shown wonderful strength with
| in the past two days. Inquiries from
5 customers are pouring in. The latte
are anxious to buy at prices that have
been prevailing, but the producers arr
? asking raise of so cents per ton fol
. immediate delivery and IS cents TO
5 January delivery.
v 1t is believed that the iron marke
d will show such an upward movemen
within the next few weeks that 1t will
: render necessary the resumption o
a work at number of the idle furnaces
l Iron men are jubilant over the outlook
4 Hammond, Ind, Nov. 5.-The effect
s of Republican victory are already ap
parent in Hammond and its immediat
d. vicinity. 1t is learned from reliabl
sources that within the next thirty day
. at least three large manufacturing cor
q Germs will be reopened and give EN-
q ployment to 800 men.
- At Hegewisch, the deserted village
Il in Cook County, Ill, just over the stat
line, the United States Rolling Con
pany has posted notices that 1t will Civ
!, work to 700 men at once. The Standar
i Oil Company at Whiting will give en-
o. ployment to an additional force of A
.. men.
II Reports from Peoria are to the effeC
that Corning Bros. will open the
IA black and sheet mill in this city Jal
- -. The Illinois Steel COmpany's leas
~ will expire Dec. 30, and unless it is r.
+ newed the old company will resume o.
. peration. The plant will give emplO
- ment to 300 skilled mechanics and
n. borers. Nothing definite has bee
n learned regarding the Lakeside Ma
. Company's mill in Hammond, but T
N ports are that the capacity of the COZ
Germ will be tested when the regul
q. season begins.
ia A perceptible impetus has been gi
al Concluded on Page Eighth
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