The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1897-07-31
McKinley'sP Prosperity % increasing

The Indiana Farmers Savings and Loan
Association is in the hands of a receiver, at
Fort Wayne The liabilities will reach S94,
600. covered by assets consisting of farm
mortgages amounting to $4,000.
The Chicago Sugar Refinery, which uses
400 tons of btuminous coal daily, has sns-
pended owing TO the high price of fuel.
The Aurora (Illinois) Cotton Mills have
closed on account of the coal famine. The
concern employs 600 hands.
George W. Wagner, merchant at Spring
Grove, Pa, is in the hands of the sheriff.
A cut of 10 per cent has been made in the
wages Of the operatives at the shoe mannfac-
tory of Hefferman & Co., at Salem, Mass
The condition of business and the shoe market
is assigned as the cause.
The Brownell Car Company of ST. Louis.
Missouri, has filed deed of trust forts cred
itors.
The Dwight and Barnett Paper Company,
dealers in printing and wrapping paper, of
Chicago, have assigned.
All through trains over the Pittsburg divi-
sion of the Baltimore and Ohio Railroad arc
guarded by men with Winchester rifles to pre-
vent tramps from holding up trains.
The liabilities of Theodore H. Schintz, the
GnlcdHO ldNyGI anu iCdi CoeolS NSolSA ''AAS -
signed last week, have been found to reach
ST ,0OO, 900, while his available assets have
dwindled to less than 100000.
The bank of Mammoth Springs, Arkansas,
failed on Saturday; assets 100000 and liabl-
tiles ST. 200.
The Naumkeag cotton mills, at Salem,
Massachusetts, will close down on August 2
for two weeks, throwing 1900 hands out OF
work.
Two thousand three hundred garment work
ers went on strike in New York Monday.
One hundred and twenty-five shops in that
city and Brooklyn are affected.
The York Cotton Mills in Saco, Me-, will
shut down today for FIVE weeks, the reason as
signed being the necessity of reducing the out
put. The York mills employ 800 operatives
The agents of the Atlantic and Everett Cot
ton Mills, of Lawrence, Mass, respectively,
have announced that operations will be suS-
pended at their mills during the month of Au-
gust. Both mills will close down today, Sat
nrday. No reason was given by the agents
for the shutdown. About 2, 500 operatives
will be affected.
The Keystone National Bank, of Erie,
Penna.. is in the hands of a receiver.
Henry j. Horn and John H. Horn, pack
ing firm at Sharon, Nd, have made deed of
| trust.
f. S. Eberly, merchant, Durlach. Pa, has
assigned, under judgment of S25, 900.
Receiver John H. Bryant has sold the
Seattle Coal and Iron Company to Murphy,
! Grant & Co., of New York, and four others,
for $4,000 The purchasers are the FIVE
creditors whose claims thereupon the court
decided were prior
The Chicago Metropolitan Electric Com
pany failed on Tuesday. Poor collections are
said to have caused the assignment.
Executions aggregating S37, 274 against the
Daimler Motor Company, at Steinway were
filed with the sheriff of Queens county, n.
y, Tuesday. The company manufactures
motors for yachts and carriages, and it has
several good-sized yachts in course of con
struction.
The directors of the Lyman Cotton Mills of
Holyoke, Mass. have voted to pass the regu-
lar semi annual dividend of per cent, which
has been declared every six months for II
years. Treasurer Parsons stated that the bus
ness for the last six months had been excep-
tionally poor. The capacity of the mill is
! 100. 600 spindles, of which $4,000 spindes
have been shut down. The mills will continue
partially closed down until there is better
demand.
West Virginia Hard Wood Lumber Com
| pany, Pittsburg. Pa, and Jack, w. Va, has
appointed a receiver.
J. B. Boone, dry goods, Waxahachie, Tex,
| has given trust deed.
Executions were issued by Sheriff Brod-
beck on the property of Miss NJ. Z. Davis, of
| York, Pa, on Tuesday. Miss Davis has been
doing business as milliner; liabilities near
$1,000.
York, Pa, July 27.-Eight more farmers
and merchants failed today, which makes 81
since Friday. The largest failure was for
So, 000 This is the largest number of fail
ures ever recorded here at one time. Hard
times is the cause.
Hon. I. jefferson Coolidge, treasurer of the
Amoskeag Cotton Mills, of Manchester, n.
H., one Of the largest industries of the kind in
! the world, says, regarding the shutting down
of the mills, which has just been announced :
| ''We have balanced our accounts for the first
six months of the year, and find that we have
made no money and have not moved our
goods. | have. therefore, ordered the mills
closed for August at least. The dividends
of the mills have been gradually reduced dur
| ing the last twelve years The closing will
effect about six thousand employees.
1t is reported from Fall River, Massachu-
sets, that the Wampanoag Cotton mills will
be closed two weeks during August. The
| Stevens mill shut down Saturday night for a
month, and the Richard Borden mills will be-
gin a curtaiment next week. These fac
tories employ about 1900 hands, and it is un-
derstood that they are short of supply OF
cotton.
James Potta Biser, of Petersville, Frederick
county, Nd, has made a deed of trust.
The o. D. Myer Company, retail dealers III
dry goods at Cleveland, o., has given chattel
mortgages aggregating SSl 200.
Ashley & Pierce, dealers in clothing at New
Bedford, Mass, have made an assignment
Z. L. Schluter, Toledo, o., grocer, has
given chaitel mortgage for So, 800, and has
made an assignment.
The Elmwood Cycle Company of New York
city has assigned.
Greatest of Corporations.
Chicago, July 25.-The Post says: An