Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-07-08

IN our recent Trip 10 the Eeet We pa,O .
fiying visit to North Andoves, Mess, and
made the acquaintance Of Messrs. Davis 4
furber, whose extensive mandatory Of
wool machinery 10 located there. We were
Hospitality received and entertained By Mr..
j. NJ. Stone, = member Of the frm, who
thoroughly posted US n regard to their fa-
cilitios aud ether matters connected With
the manufsciory. We were shown through
he establishment, and could scarcely re-
fran from expressing our agreeable surprise
at the extensveness and thorough conven-
fence Of lis arrangements. Besides being
the largest, it is the oldest establishment Of
the kind in the country, having been foun>
ded in 1871. An experience Of twenty>six
years has made the proprie,ors thoroughly
acquainted with the wants of the bus ness
enable them to meet these wants in the
most ample manner. Five hundred men
are employed 10 do the work of supplying
wool machinery TO every State in the Union,
and to Canada and Mexico. The amount
of stock in use is very large, and .
complete set Of wool machinery is built,
on an average, every day. II is the princi>
pal manufacturing establishment in North
Andover (which, by the way, IS many Of
our readers are aware, 10 a very old town,
having been one Of the early settled places
OF Nes England.)
Enterprise has characterized the prosper
ity OF the firm We speak Of, and is doubtless
the source Of theis chief success, as it is in
mos. kinds of business where capital and
capacity are proportionahly blended
Among their noteworthy actions, they have
recently built one hundred and ten tene-
ments for homes for their operatives, thus
adding no inconsidarable item to the growth
Of the place; whilst out Of their we'll filled
Golfers they have contributed t2O. 900 Of
the $50. 600 being expended in the construc-
ton Of \ new church. On every hand, / the
visitor finds abundant evidence that pros>
perity has munificsn,lv rewarded the liber-
aity OF this enterprising firm.
The mem bers have not been unmindful
of their own wants, While constructing
houses for their operatives. Their own
private residences are palatal, in beauty
and coInfortab!eness Of construction and ar
rargenent. and could scarcely fail to attract
the admiring gaze Of the most ultrs blaze
traveller.
'rsae Merchnnas' UaaOn Express.
In another column will be found lengthy
report Of the proceedings Of . meeting Of
the stock holders Of the Merchants Union
Express Company, held 1t Buffalo, June 27.
The object OF the meeting WAS 10 hear the
report Of the investigating committee which
met At Auburn on the cath. The object Of
the latter assemblage vas to examine ioto
the affairs Of the company, and 70 consider
the proposed assessment Of an additional
10 per cert. upon the stock Of the same.-
The ppointment Of such COMMITTEES, which
was not demanded BY the stockholders, was
yet rendered necessarily the stories Get
shoat in various quarters BY rival conn
paDies. Its result has been such e to de.
monstrate the wisdom Of heldiog such IN
investigating meeting, and also the excel>
lent management Of the ccmpany's stfairs
hitherto. The Investigation showed, after
a mos: careful examination Of the papers Of
the company, that its financial csnditicu
was of the very first ordes-that the com.
pany owed no debt-that, so far from that,
there was a large surplus on haod-that no
stock had been issucd to any one upon terms
different from those imposed upon any and
every stockholder-that the expenditures
are daily decseasing-that the receipts are
increasing in . corresponding dsgtee-and
that the main object Of the assessmeut 10 to
maintain, and If possible increase the re>
serve fund now IN posse ssion Of the com.
pany. The report closes with the express
lon Of entire confideuee in the management,
the integrity. and the ability Of those who
have the interests Of the company in charge.
The meeting Of the stockholders as BufFa-
10 accepted the report Of that committee,
and fortified it BY series Of rssolutioos
which reiterated I'll the positions ossuned
in that document, and which Veee ussai
mously passed. Among the speaksss at
the meeting will b sosicsd several of The
NEST prominent citisens Of Chicag0-cltisens
whose names are y nsnym foe financial in
tegrity. ability and financial oapabiliey. II
was stated thas the recsipts Of The company
had nearly reached . San equal TO that Of
the other companies csmbined, end while IL
was expected that % further assessment
would ever be called fer, II was voted With
enthusiasm to answer not only the present
out oil other calls which should arise In the
'usore. The meeting adjourssd il gfsas
ZOO 'eel'ng and with perfect csn6dence ef
n"a' success and victory = Chjaaeo Times.
Use Laiiemand's Specific for Rhsumotiso,
uous ana Neuralgia. II s8sstsally dssasegs
~ peieeo b ~ bleod, - noenrpuo I -,
- s1oA nan1 oooofIani1as sa11S111Sn.