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the banks being compelled to contra their loans, need have no more trouble in that respect. Local banks have universally withheld their gold owing to the nervousness of depositors, up to the conclusion of the election. Today they began paying the yellow metal out to all their customers who desired it. An inventory taken a few weeks ago showed that most banks here had from $150,000 to $250,000 in gold and one or two had more. "We will put 1,500 more men on the construction of the Kansas City, Pittsburg and Gulf Railway at once," said President A. E. Stillwell of that road today. "We began laving track south of Mona, Ark., yesterday at the rate of three fourths of a mile a day. We received cablegrams from Europe buying our securities this morning." Denver, Colo., Nov. 5 -The laying of rails on the Golden Circle Railroad in the Cripple Creek mining district was begun today. Syl. T. Smith, president of charge. the Cripple Creek railroad, is in It is reported that since the election he has floated the bonds for the cont struction of not only the Golden Circle but also for the Florence Southern railS road, which is to run from Florence to f the Silver Cliff district. n St. Louis, Mo., Nov. 5.-All St. Louis d banks resumed gold payments today. W President Thomson of the National Bank of Commerce said: e "We have today ordered our paying teller to pay gold whenever asked for. We did this as the result of the election of Mr. McKinley. "Before the election we dared not, as S. the demand for gold by those who S. feared the success of the silver move0 ment ply." would have exhausted our supBirmingham, Ala., Nov. elece tion of McKinley and the triumph of S sound money and protection are ale ready having a beneficial effect upon the iron industry of Alabama. y, Last night the Birmingham rolling mills resumed work. The plant emf ployed 1,000 men. The Alabama rolling mills at Gate City, which shut down because of the dull market, the d, result of the free silver threat, will ben gin work again next Monday with a complement of 700 men. e Iron masters say that the iron marit ket has shown wonderful strength with d in the past two days. Inquiries from is customers are pouring in. The latter e are anxious to buy at prices that have been prevailing, but the producers are y asking a raise of 50 cents per ton for 0immediate delivery and 75 cents for S January delivery. W It is believed that the iron market Id will show such an upward movement within the next few weeks that it will Drender necessary the resumption of a work at a number of the idle furnaces d Iron men are jubilant over the outlook ed Hammond, Ind., Nov. effects as of Republican victory are already ap parent in Hammond and its immediate es vicinity. It is learned from reliable 1g sources that within the next thirty days n. at least three large manufacturing con ng cerns will be reopened and give emen ployment to 1,500 men. ng At Hegewisch, the deserted village ill in Cook County, Ill., just over the state line, the United States Rolling Com is pany has posted notices that it will give ework to 700 men at once. The Standard al Oil Company at Whiting will give em ng ployment to an additional force of 450 men. eill Reports from Peoria are to the effect that Corning Bros. will open their lid black and sheet mill in this city Jan its 12. The Illinois Steel Company's lease ew will expire Dec. 30, and unless it is re k. newed the old company will resume op go. peration. The plant will give employ ve ment to 300 skilled mechanics and la enborers. Nothing definite has beer rnlearned regarding the Lakeside Nai ts. Company's mill in Hammond, but re all ports are that the capacity of the con cern will be tested when the regula season begins. leis A perceptible impetus has been giv rial (Concluded on Page Eight.) Awarded
