Richmond daily palladium. [volume] (Richmond, Ind.) 1876-1904, 1900-10-24
| HURTS BUSINESS.
Organism Is Delaying the
Filling Of Orders by
Manufacturers.
Taking No Chances on the Posi-
bility Of the Election of
the Nebraskan.
Several Plants Shut Down and 9th
ers Will Be In the Event of
Such q Calamity.
Large Buysn Awaiting Result Of the
Election Before Placing

That the election Of Mr.. Bryan
would be followed by a panic and
period of fearful business depression
Is amply shown by the character o
the orders that are being received b,
manufacturing institutions of thu
country. Nearly all Of the larger or
1ers have inserted in them clauses tt
the eject that the order is to b.
Cancelled in the event of Bryan'i
election. Instances without number
can be given where these Bryan
clauses have been accepted by the PRO
ducing classes, because buyers are in
no mood to take chances on the con-
ditions that would exist after the 9th
OF November If the Nebraskan is sue
| cessful.
| In this line reference is made to two
| or three contracts of the sort named
| In different sections of the country,
showing that the feeling is not local
by any means, but is widespread.
The construction of big rolling
mill to be established at Hammond,
Ind, Is being held up until after cleo
ton by John D. Briggs, president of
the Ohio Rolling Mill company, and
mill is to cost about $500, 600. and Mr.
Carney is now in Pittsburgh buying
the necessary machinery, but in all of
his machinery contracts the Bryan
clause" il inserted. In other words,
no mill will be erected should Bryan
succeed.
Then there Is the Marion flint glass
works at Marion, Ind, which is about
finishing up the orders that 1t has in
hand, and will close down should Bry-
an be elected, being unable to get any
orders free from that clause.
At Pittsburgh the largest iron and
steel working concerns have heavy
conditional orders, among them Jones
& Laughlin. Chalfant & Co., Morehead
Bros, Sable iron works, National tube
works and the various Carnegie plants.
These immense concerns will all close
down or work on short time if Bryan
Is elected. as they are unable to get |
orders to carry them along
KATE Bros, the wealthy brewers of |
Paterson, N. J., are negotiating for |
the purchase of the Rogers locomotive |
works. Mr.. Rogers having announced |
some time ago that he had made |
enough money and would retire The |
sale would have been made months
ego but for the fear of Organism
Studebaker Bros, the wagon max
ers. whose business extends all over
The country. have placed an order for
> million feet of hardwood with W. NJ
Ritter. of Columbus, o. The wagon
men will take a hundred thousand feet I,
IN the 1st of November, but the other |
.ure manufacturer of Grand Rapids. |
Mich, has placed an order with the
same dealer, but the lumber is only to
be delivered In case Mr.. Mckinley is
reelected.
The Bessemer steel plant and the
rail mill of the Illinois steel works at
south Chicago have been closed down
Tor repairs and an overhauling. The
mills employ about $500 men, and
President Burlington. of the company,
says: 1--WE have few orders ahead and
none for Immediate delivery. The
time for reopening will depend entire
" on how the orders for rails come
In. The steel trade in general has
been hesitating for the past few
weeks. Often at this season of the
year we have orders ahead to keep us
busy for seven or eight months. but
this year 1t is very different. Our /
largest customers in all lines tell US
that they don't care to place any or
ders until they know what the result
Of the election will be-"
T. A Gillespie and other Pittsburgh |
have a project on foot to
install an electric power plant at Mas
sena, n. Y, that will develop 10000 |
horse power. They will not go ahead |
unless Mr.. Bryan is defeated. For the |
present the proposition is held up.
ACTIVITY in MnnuIacIurIns.
The capital invested in Massachu- |
sets manufacturing interests in 1898 |
was $+os .317 ,396. In 1899 it had in |
creased to s44s. Dos, s75. a gain of over
S35 600 oN0