Democratic Sentinel, Volume 12, Number 6, Rensselaer, Jasper County, 2 March 1888 — WEEKLY BUDGET. [ARTICLE]

WEEKLY BUDGET.

THE EASTERN STATES. Josef Hofmann, the boy pianist, will not play again thiß season. His father and mother have determined to stop the series of concerts which be has been giving under the management of Abbey, Schoefel & Gran, in New York, who express much dissatisfaction at their action. Thi New York Senate Committee began operations on the Sugar Trust, in the city of New York, on Tuesday. It was a lively session and much important testimony was elicited, showing how a deal had been made to the detriment of the public. Theodore E. and E. O. Havemeyer were present, and were represented by John Dos Passos and John E. Parsons. The Cotton Trust had a special stenographer present Mr. Henry O. Havemeyer was examined at great length. He declined to produce the “trust” agreement, on the ground that it might criminate him. Graff, Bennett & Co., iron manufacturers of Pittsburgh, have failed. The failure was a great surprise, as nothing of the kind was looked for. In 1883 the firm failed for $1,200,000 and were granted an extentioa Since then they have paid about two-thirds of their indebtedness and were supposed to be doing well The cause of their failure was the mvestment of all their profits in the extension of their plant. No statement has yet beja made, but it is understood that the secured liabilities are about $600,000, and the unsecured liabilities from $600,000 to $830,000. George H. Corliss, the eminent enginemanufacturer, and one of the most prominent and wealthy men of Rhode Island, died very unexpectedly at his residence in Providence, of paralysis of the heart In 1875 Mr. Corliss submitted plans for an engine of 1,400 horsepower, to move all the machinery in the Philadelphia exhibition. Engineers of high repute predicted that it would be noisy and troublesome, but it was completely successful, owing to the care of Mr. Corliss, who spent SIO,OOO upon it above the appropriation for building it