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Newspaper
The Progressive Farmer
Location
Raleigh, North Carolina, United States of America
Date
Aug 29, 1893
Page
3
Betsy grills Zeke about congressional influence and his plan to run for the legislature. Mrs Bilkins blasts overproduction schemes by Col. Leazar, predicting dropped crop prices. she advocates restraint and legislative action. The page also notes gossip about Cleveland and Carlisle and criticizes the administration amid farm and political turmoil.
A compilation from multiple papers notes a wide range of local items. A Salem woods wanderer alarmingly unsettles residents while Greensboro sawmill fire cost under 3,000 dollars with half insured. Other notes report bank, church, and court incidents, farming markets, and editorial observations across Raleigh, Winston, Wilmington, and Durham.
Reports from multiple states detail bank closures and suspended operations. Institutions in Ohio, Pennsylvania, Illinois, Kansas, Texas, Wisconsin, Iowa, and New York face receiverships or liquidations amid widespread financial distress and public scrutiny of bank management.
Pittsburg Aug 17 The Oliver Iron and Steel Company a major national concern went into receivership after a petition by National Tube Works and F C Converse before Judge Acheson. Allegations cite 1.6 million capital and 700 thousand in debt with 400 thousand due within ninety days.
Bristow Tennessee reports Corburn Virginia coal mines are shut down leaving miners unemployed and without money for transport or bread. News notes the stranded workers face starvation as the mines halt operations and prospects darken for the affected men and families.
Le Mars Iowa reports four banks suspend operations First National Bank Lemar National Bank German American Savings Bank and German State Bank. Kendall County Bank in Yorkville Illinois closes assets 70 000 liabilities 65 000. Milwaukee cashier John B Koetting captured in Denver hiding as Herman. Keystone Watch Case shuts down 1750 workers. J M Friend clothing Atlanta fails for a considerable sum.
In Chicago on August 20 the Chicago Tailors Union organized a mass meeting for the unemployed at Metropolitan Hall. About 1500 to 1800 people attended, with many women present. Lucy Parsons led a fiery address urging concerted action against capitalists, followed by talks from L B Oliver William Van Orivium and Robert Steiner.
Wages to be cut six cents per ton for Black miners replacing strikers at Kansas and Texas Coal after September 1 amid union refusals to work without raises. Concurrently, Boston reports 33 percent of cotton mills idle and 24 percent machinery idle nationwide with New England hit hardest. Woollen and knitting mills show high shutdown and idle rates, while the Middle States suffer the worst overall, with most stoppages traced to weak business conditions.
Gloversville and Johnstown mills reduce forces amid mass order cancellations. In Amsterdam Atlas Knitting Mill closes, Gardiner & Warring about to shut, Star Hosiery Mills and Anchor Knitting Mills discharge many workers. Russell Manufacturing Co in Middletown closes four plants. Loeb & Schoenfeld lace works in Camden also shuts. Tariff uncertainty blamed for widespread job losses.
Newsure N Y Aug 20 reports several Sullivan county plants including Emmonsville De Bruce and Willowemee chemical works and the De Bruce veneering factory shut down indefinitely due to weak demand. Rockwell’s silk mills Matteawan slow collections and low silk trade mood halt operations. Matteawan’s Fuel Economizer Company closes. Brown Brothers Comb factory Wappingers Falls idled and up for sale. Haverstraw Print Works by Garner & Co. also idle.
A meeting of prominent mill treasurers voted to appoint a committee to visit Boston and seek a uniform wage schedule for cotton industry workers. A 20 percent wage cut is expected when mills resume. Demand fell, contracts were annulled, and print works hold two million pieces while gray stock remains under half a million here. The Thomson Houston Electric Welding Co in Lynn discharged all but eight workers and will not restart until business improves. Mineville in Essex County closed mines indefinitely, halting Lake Champlain and Moriah Railroad. Port Henry furnaces halted. Parkesburg Iron Works shut down for first time in fifty years, leaving about 300 out of work. Armour, Swift, and Swartzchild plants saw broad wage-cut strikes, with workers walking off over a 10 percent reduction.
Evansville Indiana August 21 trainmen of the Louisville and Nashville railroad debate a proposed 10 percent wage cut. They will attend a Nashville meeting Friday with General Manager J G Metcalfe noting the regional economy is dire and that acceptance of the temporary reduction may occur. Boston Massachusetts August 21 two hundred fifty men employed in
Reports from Boston Allston to Reading and beyond detail industry cutbacks and strikes as railroad workers face wage reductions and layoffs. Unemployed crowds press city leaders for work while mills suspend pay, close, or cut wages. In several cities managers announce 10 percent or greater cuts, with bank checks delaying pay and plant shutdowns affecting thousands of workers.
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