Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1847-10-28
Another New Manufacturing city.

The Hartford, CT, Times makes some remarks
about another great speculation among the manufac-
turing capitalists, which we copy below. We happen
work, and know that the scheme will be carried
The Fairbankses alluded to the original paentees
of the platform SCALE out of which they made indie
pendent fortunes, and still carry the business very
extensively at St. Johnsbury, Vermont. They are
probably interested in the " new city, though it is
true that heavier capitalists in Boston have con-
trolling interest. The Fairbankses, and the rest Of
these capitalists so far as we know, all wings,
and at least of the real pure New England fede-
raj stripe. More or less OF them are as insane on
the subject Of politics. their neghbors the Miller
ties are upon the subject of religious belief; but
when they to business and money-making opera
tons they are sensible enough not to make prdcti-
cal application of their absurd theories the subject
Of the tariff, &c. Very Few Millerites, we believe,
firmly they believed the world was to be knocked
into nonentity certain first of April, willing
to dispose Of any acres of which they held the deeds
"MoRE RUIN" HADLEY FALLs-A great deal has
been said and written about manufacturing city Of
LAWRENCE. on the MerImac where 'cy lots have ad-
vanced TO 200 cent above par and mills and factories
going up by the dozen. This is all very WE'LL and
glad 10 so much prosperity trumpeted forth those
prominent wing organs which short time ago full
panic and predictions of ruin Some Of the
of these wing prophets Of evil have already become
dstrustfu Of their gt of prophecy and eager
fasfy he own lugubrious vatcinalions that they
actually founding another Of those abodes OF ruin %
Their Of those manufacturing cities at Hadey Falls which
bids fair 10 throw into the shade This
privilege, all things considered probably the valuable
in the whole country II includes the whole power be
obtained BY dsmming the Connecticut river and is Of
times as many spindlepower as that either Of Lowell
Lawrence II is il the very heart of the richest agrcuItu-
raj district Of New England and enjoys advantage
both water and railroad communication with all the great
markets Of the country II stated time since that
this property purchased by the Mess Fairbanks The
deed taken ieir NAME but the real purchasers
number of well known Boston capitalists who have subscI-
bed two millions towards the work. beginning They
have purchased besides The old dam and power
for city on the side of the river miles long,
extending back mile river situated on the
railroad about midway between Springfield and Nothamp-
One Of the last sellers Of land 10 the company after
The plan began leak out obtained $40 900 for twenty
of land necessary complete The site, which year
since he would have been glad sell Tor fy dollars
The company have already commenced the erection Of
great and costly dam the rve and putting up
buildings Their present capital is sufficient TO construct
factories with aggregate Of 900 spndes-equal to the
whole number operation Csbotvle and Chckopee
Falkland when that is exhausted much more ten
times much more if necessary. will be forthcoming.
All this does not look much like the ruin sagaciousy
foretod by the high tariff wings In fact this indication of
high prosperity, in connexon with many others of the
character make the federal panic makers sing
very small before the country II is the least singular
spectacle Of the time that those very croakers who csed
the longest aud loudest about the ruin which surely
befsl manufacturing in consequence of the tariff of 1896
should be the foremost rush it and pronounce il
their acts (which speak louder than wod be the
profitable and prosperous Of all kinds of business
The Chckopee Telegraph states that the gigantic plan Of
the company who have the control of the cy
prise Hadey Falls contenpaes waterpower for Sc large
cotton mills, 6S by 200 feet, stories high. The primary
canal extending in a southwestery direction, something
mile in length be 20 feet deep, lao
its head and so feet its terminus. This canal will
furnish water power for about % Of the mills mentioned
Having accomplished the okect of turning the wheels OF
these mills the is conducted suitable
point by parallel canal aud then discharged into another
canal which extend about mile aud half following
the circuitous of the liver.