Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1907-12-03
Is Returning to All Parts
Of the Country,
Mills and Factories Resuming,
Call Back All Hands.
Heavy Orders For Supplies Being
Placed by Railroads.

Kansas City to the Atlantic ocean, IN
dustry is reviving from the blow it
sustained as a result of the recent
panic. Many factories have resumed
operations, wholesale houses have
stopped cancelling their orders, banks
which were crippled are re-opening,
the railroads which laid off thousands
are beginning to put the men back to
work, great building projects have
been begun. and new corporations have
been organized.
Far out West along the line Of the
Union Pacific Railroad the recovery
from the financial disturbance is felt.
When E. H. Hartman, after discharg-
ing 5000 workmen from his railroads.
put 5000 of them back to work during
the first Of this week, he sent an cleo
trio thrill of hope from Chicago to San
Francisco and the Northwest. His ex-
ample is being followed by smaller
railroad systems and by business men
in towns along his great network Of
railroads.
The business men Of all the smaller
cities Of the East surrounding the me-
tropolis are convinced that the threat
and they have gone back or are pre-
pairing to go back to a normal basis.
ir many cities of Pennsylvania the
steel and iron industry is re-awaken-
ing. There is great improvement in the
wooden industries of Massachusetts. as
shown In the resumption of houses
that were closed. But probably the best
evidence of better feeling came this
week when the New York State Knit
Goods Manufacturers Association,
comprising Sc big concerns, in conven-
ton at Utica, decided that no more or
ders to factories should be cancelled.
That action found immediate result in
the knit goods manufacturing district
about Troy and Cohoes, one of the
greatest centers of the United States.
The manager of the Victor mill at Co.
hoes, which had shut down, decided to
open this week. New machinery was
ordered for the mills Of the Yale Tex
tile Co. and three. other big concerns
which Very running, but lacked conf
dence, losEtb fears, and decided to
continue on full schedules.
In this connection it has been de-
clared that cancellations Of orders to
factories by some jobbers and whole
salers of dry goods particularly in New
York City, gave false appearance to the
general situation. Certain cancella-
tons, 1t is said. We're due to desire to
get lower prices. Orders to factories
had been given in the height of pros
perity when prices We're high Then
the jobbers saw a chance to beat their
contracts 10 recalling orders and Civ
ing new ones at bottom figures But
some of them, ashamed at taking this
advantage. have changed their minds
and will accept goods at the prices
promised
The facts of the general situation.
anyway. prove that there We're not so
many workmen laid off as was believed.
For instance, all the railroads enter
ing Chicago, the greatest railway CEN
ter in the country, dismissed 10000
men. They employ, probably forty
times that many. All the other rail-
roads of the country, as far as can be
learned, dismissed only $4,000 and that
includes the 5000 let out by the Union
Pacific.
But there is the strongest indication
that these men must go back to work
very soon. Strange to say, while the
roads were dropping their men their
business was growing. 1t is an actual
fact that the gross earnings last week
Of the railroads entering Chicago
showed q large increase. 1t is the be-
lief of the traffic men that like in
crease will be shown this week.
Though the two great trunk lines of
the East-the New York Central and
the Pennsylvania-have laid off thou
sands of men, the Chicago situation
makes IT evident that these men must
go back to work. Increased gross earn
ings of the roads entering Chicago
must later mean like increases for the
lines east from the likes: for traffic
is continuous, and Chicago is not the
terminal for all the goods hauled
there.
Here are some facts concerning re-
sumption of factories and other busl-
ness concerns during the four days OF
this week, proving that the business
men OF the country are forgetting the
financial disturbance.
The Republic Iron and Steel plant at
youngstown. Ohio, has resumed
The Cambria Steel Co. plants at
Johnstown are OH full time again.
The Valley Steel plant in West vir.
ginia is again open.
The big glass works at New Castle
Pa, hae begun operations again.
The Snow Steam Pump Works al
Buffalo start up again
Three of the four mills Of the New
England Cotton Yarn Co. at Fall River
have resumed.
Forty per cent. of the black stee
mills throughout the country are now
III operation.
Machinists of Butte, Mont. who were
on strike. have returned to work.
All dry goods mills throughout N.
country, will, it is declared by manu-.
facturers and jobbers be runnins .,
full time within 60 days.
The Alpha Portland Cement "a a.
Easton. Pa, has so much more hue,
ness that its capital stock has hoo,
increased from $1,000, 600 to Sc ono oon =,
handle it. y
on'cial reports from Western DR.,
goods jobbers show that thew arc ~
cancelling their orders to the mills
In Holyoke a better feeling appear
to prevail in the paper trade. One man