Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1904-08-31
combined capital

stock of SS,925,OOO.
Track laying for the first six months
of 1893 shows a decrease from the SIM
liar period of 1892. The Engineering
News says: we have about 5000 miles
for the total probable track-laying Of
the year. This will bring the mileage Of
new track laid for 1898 below that of
any other year since 1878, with the pos
sible exception Of 1885
Bank clearings for the week have
barely reached the billion-dollar mark,
with a total of per cent less than last
week and II per cent less than a year
ago.
Business failures in the United States
are unusually frequent, numbering 39S
this week against $40 last week and
1856 year ago.
''The feature Of last Saturdays week
~ New York bank statement was the re-
duction of SIS, 15S,OOO in cash holdings
and $6333, $50 in surplus reserve.
July %: Renewed depression in the
stock market has this week divided at
tention with the bank failures and bust
ness complications in the West
A Brighter Chapter.
The following condensed abstracts
from Bradstreet's for the same month,
July, but for the year 1897, after the
election of William Mckinley. pledged
to the Republican policy of protection,
had removed THAT SENSE OF UN-
CERTAINTY AND INSTABILITY"
reflected the beginning Of the great era
Of prosperity that was thereby ushered
in:
"The Great Western Tinplate Com
pany's plant at Joliet, H., employing
300 men,, resumed work. The men get an
advance of 49, per cent.
For the first time in several years all
the employees of the Chicago, Burling-
ton and Quincy Railroad shops at ST.
Joseph, Mo-, are working full time The
rush of work in some departments has
necessitated the employment of addition
al hands.
Reports from Maine that part of the
big plant formerly owned by the Jay
Paper Manufacturing Company. is abous
to start in full. The pulp mill already
started.
chattanooga Tradesman reports ,I.n
and steel trade active and prices steady
ill South. Several furnaces have been
blown in since July 1. Movement in lum-
Der good and textile trade shows i'm
provement.
''Sloss Iron and Steel Company are
about to blow in another furnace at
North Birmingham, and also their No.
2 furnace in Birmingham.
'McKenna Steel Works, at Joliet, Ill.,.
will resume, employing 400 men.
The Everett, Pemberton and Atlantic
mills. at Lawrence, Mass, have started
up with an aggregate Of more than 5000
hands
The Pawnee, Kelly, and Westville
companies Of the Danville. H.. district,
posted notices of increase OF 10 cents a
ton in wages. The rolling mill of J.
Fainter & Son was started.
Steel mill OF Jones & Laughlin, of
the same city, also resumed
July "a: Because of the proposed
new tariff rates, all of Beerbowers, Eliza
beth, \. j., pottery workers have re-
turned to work.
Fully 10000 workmen have gone to
work as a result Of an agreement
reached on the sheet scale for the ensu-
ing year.
Announcement that the card and
combing departments Of the Bigelow
day and that the entire plant will re-
sumo the week following with nine hun
dred hands.
During 1893 the Maine Central Rail-
road employees had wages reduced 10
per cent. Officials have now decided to
restore old rates.
July 81: Fires started in Tod furnace
of Youngstown Ohio Steel Company.
Cotton mills in Blackstone Valley,
Z. l., started up on full time with a
large number Of employees. At same
time the dye works and bleacheries
connected with Lonsdale mill began on
full time
A number of large industrial con-
Germs in Connecticut resumed operations
early this week because Of passage of
Dingley tariff BILL