Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1859-02-25

The HADLEY FALLS PROPERTY.-lt is evil
dent that somebody has made or is about to
make handsome and profitable investment in
this matter. The late Hadley Falls Company's
property embraces about eleven hundred acres
of land, and the whole water-power of the Con-
necticut River, under head and fall of fifty
nine perpendicular feet. The land is divided
by the Connecticut River Railroad into two
unequal parts, called the East-side part and
the West. side part. One-sixth part of the land
and of the water-power, is situated on the east
side, and fiye-sixths part on the west side of
said railroad. Fourteen thousand feet of wa
ter-power canals are made and completed, with
all needful walls, of stone masonry, stone wa
ter-ways and over-talls, gateways and slulces,
with stone locks for passing boats and lumber
from the river above to the canal of the upper
level and thence to the canal Of the second
level.
The first 1000 feet of wat r-power canals are
40 feet in width, and 20 feet in depth of wa
ter,-lined on both sides with solid masonry,
and serve as common feeder to the canals on
all the levels gni on both sides of the railroad.
l 800 feet lie on the west side part, and 700
on the east side part.
In circular issued by the present proprie-
tors it is demonstrated that the one-sixth or
east side part of the property is ocorth enough
and can be made available, within say three
years, to pay off the entire cost and valuation
price of the recent purchased property, (say
$350000) and leave a handsome surplus for
further profits, on the east side part, besides
leaving the whole five-sixths, or the west side
part for clear additional profit
The company owns land and controls the
water power on the opposite side of the river,
giving them the ability to expand almost indie
finitely. The least side land" is convenient
for extending the canal of the second level
5000 feet further, with % ample squares of adj
joining vacant land for dwellings, stores, &c.
We hear that a company is about being Or
gained here with capital of 100000, Jun
der the charter obtained by the Boston gen
tlemen who intended to make the purchase)
for the purpose of holding and disposing of the
property-to lease the water power, and sell
or lease the land, without engaging at all
in manufacturing. The amount named will
pay the sum for which the property was sold
at auction-S325, 000-a proper bonus to the
gentlemen who made the purchase, and leave
a sufficient working capital.
The concern already receives rent from GER
tain mill leases, from the gas works, the water
works, and the Holyoke Paper Company, suf
ficient to pay nearly three per cent. on the cap
ital named.
The dam across the Connecticut is a splen-
ulu triumph vi skill, anu DluS lalr 10 enuure 10
the end of time. 1t is one thousand feet long
thirty feet high and runs back ninety feet 1t
is built upon the solid rock to which it is Sc
cured by three thousand six hundred heavy
iron bolts. 1t is composed OF heavy timbers,
twelve or fifteen inches square, crossed alright
angles, and the spaces between filled with
broken stone The upper surface is covered
with treble planking eighteen inches deep.
Gravel is laid back upon the river bed two
hundred feet, and running up the slope of the
dam nearly to the summit The crown is
covered with boiler-pIate iron, the whole length.
-H0rttord Press