The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1864-09-23
GENERAL AEEaaaGEMGE.
Manufacturing Corporations in Biddsford
and Saco,

A correspondent Of the Boston Traveller "a,
The annual meetings of the Didde!ord and Saco
Manufacturing Companies were held on Thurs
day, 9Th. The repOris show the companies 70
be In good condition. The Pepperell has peer
very successfully managed. The correspondent
adds:
"Its profits for the last year, aftcr marking
down the value OF raw material and goous On
hand, Mt low figure. amounted to about seven
ty per cent, and high rs the stock OF the com,
pany sells in the market, II Is undoubtedly Wen
worth the price. The policy under. which the
operations Of these mills have been condncted'
by the treasurer, Mr.. William Dwight. has been
bold but without rashncss, and crowned Win
eminent success. A large portion OF the ma
chnery has been kept running through the
year, and the product amounts 10 nearly twelve
millions OF yards.
The Laconia Mills were stopped during the
whole of the year 1853, but through the Efforts
Of Mr.. Dwight, the treasurer. one OF the mills
was started up In January last. and ut present.
about two ffths Of tho machinery Is running
Notwithstanding the advantages attendant up
on starting up the machinery. u fair prott was
realized during the first six months OF the yen'
upon the manufacture of about 400, ooo yarus
OF cloth. These mills In the preparation depart
ment are probably now superior to any otnei
In the country They are able to work lnd's
cotton and make hut very little waste. Two
new and efficient directors have been chosen 10
the Laconia. One Of them, Mr.. &. w. Cart.
wright has long been distinguished In Boston
for his business ability.
The report of the worthy and indetatgaple
treasurer of the York Mills, Mr.. Samuel Batch
elder, shows that company to be IN very
strong position. From onc.third to one'nall
OF the machinery has been moving during the
past year, though ut present only about one
fourth is vt work. They are making an cxcei,
lent article of Union cloth, cotton warp and
wool filling. These goods are very neat In ap
pcarance. and, as they aio of great strength
and durability. will undoubtedly become wide.
ly popular. Mr.. Temple. the manufacturing
agent Of the York Company, Is evidently
man who thoroughly understands his business
and with such good outside and inside manage
ment rs they have they cannot fail in continu-
ing To prosper.
The Saco Water Power company also held its
meeting this afternoon. Though large ma.
chine shop is IN unwieldy and dangerous thing
to manage. this concern Is in better condition
than for some time past. The shop 10 now car
ried on by Mr.. Thompson, who has liked sal
airy and q share Of the profits. his share
the past year has been upwards OF Sl3 900,
and yet the company has realized under his
management greater profits than for many
years previous. So much for man of skill
and energy. I...
The following arc the officers chosen for the
ensuing year. AZ the meetings OF the corpora.
tions:-
York Manufacturing Company DIRECTORS
James Ellison, Samuel Batcheldcr, j. u. Wnlcott,
Thomas Wigglesworth. James Longlcy, Samuel
w. SWEET, Samuel G.. Smelling Treasurer
Samuel Ba,chelier. Clerk-I. II. Foss:
Laconia Company. Directors-J. u Wolcotf,
Thomas wigglesworth. James Long!ey, William
Dwight. Thomas Parsons, C. w. Cartwright,
Edmond Dwight Treasurer-William Dwight.
Clerk-Augustine Haines.
Pepperell Co. Dircctors-Samuel Hooper,
John ] Dixwcll. William Dwight, William Par
sons. Thomas Dwight. Francis Skinner Thom-
as Wigglcsworth Treasurer-Wm. Dwight |;
Clerk-wm. p Haines.
Saco Water Power Co. Directors--Samuel
Batchelder, WIN. Parsons. Thomas wigglcsworth
Edward Austin. James Longley, VIM. T. Haines,
John ]. Dixwell. J. II. Wolcott. Treasurer
Vim. Dwight. Clerk-Thcmas Quinby.