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COLLAPSE OF A BEDFORD COUNTY Town. A more distressing state of affairs than at present exists at Everett can scarcely be imagined. Within a year the thriving, enterprising town has been reduced to a center of want and desolation. Its inhabitantsprincipally working people-are,in dire distress, and the coming winter will find them without money, fuel or clothing, A year ago the prospects for Everett were of the brightest. The South Penn railroad officials promised to make this the end of the middle division, re-pair shops were spoken of, the Everett Iron Company's new furuace costing nearly $1,000,000, was lighted, and in quick succession came the establishment of the Everett Glass Works and other minor industries. The town filled up with mechanics, real estate advanced, building operations began, and there was an abundance of work at fair wages. This prosperity, however, was of short duration. The colapse of the South Penn project crippled all enterprise and proved a lever working the disastrous train of ruin. The next blow was the failure of the Everett Bank, in which many poor families had their savings deposited, and following closely came the collapse of the Building Association. The town moved along slowly during the summer un til a few days ago, when the failure of the irón company was announced. The collapse was unsuspected by any of the citizens, and therefore proved a thunderbolt. The reasons assigned for the failure are that the ore used was irregular in quality, causing frequent delays and destruction of metal, the inexperience of the managers and the low rate for iron. Mr. Prime, the receiver, has been there duringithe week straightening up accounts, but is undecided whether he will operate the plant or sell. Scarcely had the news of the iron company's failure reached Everett, when the suspension of the glass works was announced, an establishment that started with the best of prospects in the spring. The works are now closed, with an execution against them in the Sheriff's hands, and the employes are idle. The stagnation of business and the threatened destitution of the people of Fverett have been brought about in less than a year by the collapse of a railroad enterprise. the failure of its bank, Building Association, furnace and glass-works.
