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Newspaper
The Progressive Farmer
Location
Raleigh, North Carolina, United States of America
Date
Dec 19, 1893
Page
3
A long, rambling state news roundup reports on assignments and appointments in Goldsboro and Kinston, local incidents, fires, thefts, and court actions. It notes tobacco and peanut trade, a white crow sighting, church settlements in Asheville, and various accidents, crimes, and municipal events across North Carolina towns.
Notices report Russell’s Woollen Mill cutting wages fifteen per cent after December 26. Barkerville Woollen Mill to shut this week, Taconic and Bel Air mills to close soon. Also: Wilbur F Washburn Brass and Iron Works in Yonkers suspends. book keeper James H Stoughton named receiver with 125 workers affected. Barnum estate Executors seek distribution to heirs amid ongoing案件.
A Panama dispatch to a New York morning paper reports the cross border dispute between Ecuador and Peru is now absolutely certain to erupt into war, with declarations expected within the week.
In Ozark Alabama on December 11 a Daleville home of Mr Beckwith burned. Two of his daughters aged 12 and 10 died after a rescue attempt. A third sister perished when she reentered the blaze to save her sibling.
Rome reports the banking house Maquay & Hooker with offices at 20 Piazza di Spagna and 5 Via Tornabuoni Florence suspends, impacting American colonies in both cities. American clients in Florence face added disruption from the earlier suspension of du Freene’s bank, though there is hope creditors may allow a resumed business arrangement.
Canton December 11 The business of C Aultman and Co manufacturers of engines threshers and farming implements went into receivers hands this morning William A Lynch and Robert A Miller were appointed The company is understood to be solvent with assets near 2 7 million while liabilities are about 1 million The application for a receiver was made by Lewi Miller of Akron the company president The money market tightness is cited as the cause of troubles
The Pennsylvania Steel Works in Steelton will shut down from December 30 to February 1, affecting about 3,400 workers. Only the bridge and construction departments, roughly 600 employees, remain active. a rebound in orders could resume operations before February.
In the House of Commons Sir John Lubbock questioned the India Office. G E Russell said Indian Treasury balances for the year to November were 15 24 000 tens of rupees versus 9 100 000 tens a year earlier. He moved the second reading of a bill for a 10 million pound Indian loan noting England must make gold payments. These could be met by selling drafts paid in rupees. The closing of Indian mints had not.
In a current year £397,000 in drafts were sold versus £6,202,000 the year before. The Indian Council faces exhausted borrowing powers in February, prompting calls for new authority. Sir Richard Temple backs measures to fund the experiment of mint closure, while Sir John Lubbock warns of a silver speculation risk and potential barter return. The Chancellor Harcourt explains mint closures as a serious but necessary step. Gooch notes India’s loan terms are lenient, with no repayment or interest rate specified.
Independence Iowa December report states C W Williams notified R Campbell mortgage holder that he would deed Rush Park race track opera house electric street railway and Williams residence to avoid foreclosure. Williams built large hotel and electric carving last year. racing losses and debts reduced his fortune though he sold Axtel for 105000 and profited earlier in the horse business. He remains young and plucky despite setbacks.
Newark New Jersey December 11 MceWhorter and Wilson dry goods dealers for fifteen years assigned for the benefit of creditors. Liabilities reach 940,000 assets estimated at 100,000 consisting mainly of stock and fixtures. No preferred creditors. Assignment to Edward C. Holmes of John L. Armitage and Co. Causes cited include inability to renew loans. Principal creditors are New York wholesale firms led by H. B. Claflin Co and Wheeler, Bottum Co. News describes the failure as sensational with counsel Franklin Olds noting creditors will lose little if anything.
A blaze in Morganton North Carolina on the night of December 13 destroyed nine stores plus the Baptist church and Hunt House. Originating at Jarrets grocery at 2:30 am, the losses include many uninsured storefronts and merchandise stocks with values ranging up to several thousand dollars.
The Gillam II Davis property and Gillamjuod Collett suffered substantial damage from removal with insurance covering the losses. Insurance comprising Continental 2500 Virginia Fire and Marine 600 Pennsylvania 1000 Georgia Hema 4000 was noted as covering the stocks damaged. Origin of the fire is unknown except it began behind Jarrett's grocery store.
In Cuicano Illinois, officials report about 117000 unemployed in Chicago. A special Illinois Conference on Charities and Correction formed a committee to raise 10000 by a 1000 charity fund to aid the needy. Proposals urge city action to provide work, while a Tulsa shelter count notes many sought refuge. Joseph Jefferson and Stuart Robison plan a fundraising show at the Chicago Opera House next Friday afternoon to aid the unfortunates.
In Trenton New Jersey efforts mount to aid workers hit by industrial downturn. Mayor Shaw forms a city committee to collect funds and clothing with a target of ten thousand dollars and a central storehouse. Generous merchants pledge support and benefits are planned.
In Dowagiac Michigan at the Owagiac Manufacturing Company offices a receiver from the Michigan Trust Company of Grand Rapids took control at 12:30 this morning. Eugene Lyle resisted and 200 men raided the plant, promising to reopen January 1. The dispute centers on management salaries and alleged bogus patents amid a factory capacity of about 800 workers and a city bank loan near 1 million dollars.
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