Rensselaer Republican, Volume 17, Number 20, Rensselaer, Jasper County, 22 January 1885 — THE NEWS CONDENSED. [ARTICLE]

THE NEWS CONDENSED.

•niKEAHT. | OUTER Kbob. a PHILLIPS createdW profound sensation is Pittsburgh business circles by announcing that they were compelled to suspend payment for the present The firm, says a Pittsburgh dispatch, has always rated as one of the most substantial in the State, and not the slightest intimation that they were in the least embarrassed had ever been made public. The Oliver Bros.’ plant is estimated to be worth about $5,000,000, and from 4,000 to 5,000 men find employment with the company: The history or the rise of this firm to one of the most remarkablo in the annals of the country. Seventeen years ago H. W. Oliver, Jr., John M. Phillips, and William 4- Lewis entered into a copartnership for tho manufacture of iron. Oliver's business career up to Dec. 2(5,1867, had embraced the performance of the duties of shipping clerk for Gross A Bennett, and the filling of a clerkship onder William Shaw in the employ of the Pennsylvania Railroad Company. , Phillips was a bricklayer and Lewis a practical iron-worker. They built a miniature mill in which Oliver kept the books, ■while Lewis and Phillips looked after the practical pai t of the work!. The outfit consisted of two puddling and one heating furnace, and the product was wheeled away on barrows. From this humble beginning ■ has* grown the great firm of Oliver Bros. A Phillips, which now employs over 4,000 men. About three years ago Mr. Lewis retired from the firm with a fortune of several millions of dollars.... George Traviss was hanged at Wellsboro, Pa., for murdering a woman in 1883, and cremating her corpse in an attempt to conceal the crime... .Baiber Nichoto, 100 yeais of age, passed away at Lockport, N. Y., after an illness of only a few hours... .John J. Cisco A Son, bankers at New York, suspended last week and made an assignment without preferences. The matter is considered to be more in tile nature of liquidation than a failure, and depositors, it is said, will be paid in full. Reports that the firm was embarrassed caused a steady run, which led to the assignment to protect all creditors alike. WiLUAU Gates, 18 years old, confessed at Warren, N. Y., that Mrs. Druse killed her husband Dec. 17 last, and burned the remains. The woman compelled Gates to assist in the tragedy, and both are now in custody. Strict enforcement of the excise law is insisted upon by the New York City authorities in regard to Sunday closing. Five hundred liquor-dealers met in Irving Hall last Sunday, and adopted resolutions pledging themselves to assist the police to enforce, the law. This action was determined upon on the ground that citizens would find themselves compelled to demand a modification of the statute... .One thousand cases of measles are reported in New Bodford. Mass., an average of one case to every ten persons. ... .Cashiers Webb and Roath, of the Slietucket National and Merchants’ Banks, Nprwieh, Conn., succeeded in embezzling SIB,OOO of the banks' funds, which wqs lost in Wall street speculations. They will be prosecuted Thirty-eight boys have escaped from the State Reform School at Trenton, N. J., during the last four weeks, and discipline it in i bad way... .O’Donovan Rossa is tittering threats against Earl Spencer, and predirts that he will soon meet a similar fete to that of Cavendish and Burke.... Alexander Dugan, a New York dealer in Buildings, has assigned. Liabilities, $86,000.