The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-11-20
FACTORIES
WORKING.AT
FULL TIME
Most Conclusive Evidence
Of Better Feeling Through
out the Country.
HUDSON COUNTY, CHEERFUL
Both Manufacturers and Bankers
Feel That All Danger of Fur
tfer Business Trouble Is
Passed. Expect the Usual
Big Holiday Trade.
HUDSON COUNTYCHEERFUL

JERSEY CITY, Nov. 20.-The most
satisfactory result of the Roosevelt adj
illustrations financial relief measures
in Hudson County is that factories are
again being operated on full time.
Bankers also predict that financial
troubles are practically over. Their
talk is hopeful and in direct opposition
to their attitude of a week ago.
Samuel Ludlow. jr.. president of the
Union Trust Company, of New Jer-
sey, said this morning:
81 am of the opinion hat the recent
fnancial disturbance and money strin-
gency are about over. The general
feeling among bankers is inclined to be
optimistic. OF course it isn't good
policv to be prodigal at this time, but
there seems no reason to suppose that
in a few days business cannot go on
In a normal way"
.John w. Hardenburgh, president OF
The Commercial Trust Company, or
New Jersey. said:
..The present financial situation, due
to money stringeney, will improve very
shortly. The issuance of government
bonds at this time cannot help but i'm
prove the situation"
Edward F. c. Young was very optim-
fstic, not only in regard to banking,
but commercial business and manufac-
turing. He thought that the business
situation would improve day by day.
Rumors were current that men were
to be laid off at the immense refinery
Of the American Sugar Refinery Com
pany. in Jersey City. This was en-
phaticaIly denied, and the same was
he case when a report to the effect
that the Voorhees, Rubber Company
was to lay off 300 men was investi-
gated.
AS an example of the exaggeration
used by u%nthinking people h story to
the effect that 100 men were discharged
from the Magnus Metal Company's
works. in the Horseshoe, originated
solely from the laying off of W labor
ers who had been engaged to do a lit
tie extra work.
At the Dixon Crucible Company, in
Jersey City, a reporter was laughed at
when he inquired whether or not the
plant was in any danger of being shut
down. He inquired from a man au-
thorized to speak for publication, who
said:
1--WE have made absolutely no reduc-
ton in the Dlmber of hands we are
employing, 3 have we reduced the
number of hours which our hands
work. We are running on full time,
and we now have orders enough for
future shipment to keep us going for
months with a full force"
Rumors to the effect that the John Mehl
Company, located at Hutton street and
Webster avenue, Jersey City Heights, one
a -. to,on,t connnrnc an1aOa6 In fhp
manufacture of pocketbooks, had laid off
a large number of its working force, was
~emphatically denied at the works this
morning. On the contrary, the framing
and operating departments, two of the
largest In the concern, will begin working
overtime tonight. Enough of orders are
on hand TO keep these two departments
busy working night and day until close
up to the holidays.
II was admitted that the holiday rush
was not as great as in former years, as
a number Of holiday orders have been
cancelled, but this does not affect the
regular fall trade, which is as good as
ever. Mr.. Mehl rldiculed the idea that the
firm had been unable to get currency. He
said he could get as much as the firm
needed and had had no trouble so far.
He stated positively that none of the
hands would be laid off for some time
to come, at least. When the orders are
filed the stock will be in such condition
as to require several months work to re-
place it.
Il have heard of these rumors,' said
Mr.. Mehl, and I want to say that they
are absolutely without foundation. We
nave no intention of doing any laying Off,
as we have enough orders on hand to
keep our people busy right up to the holi-
days filling them. The framing and OPP
Grating departments are far behind, and
we have found it necessary to start them
10 working overtime tonight. This we ex-
meet to continue until late in December.
Yes, we have had some of our holiday
orders Cancelled, but hat is only owing to
the scare about the stringency In the
money market.
Some of our people," he concluded,
ARE afraid that the demand for holiday
goods will be light, but we believe that all
orders will be renewed. Our regular or
ders are up to the standard. and. there
fore. we nave no reason to lay off any of
our hands,