Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1872-05-17


attachments wa. rod at auction for 500. The
last meeting Of the old company was held in De-
cember 1850, shout which time the whole proper
", real estate, machinery, Sc, was sold By
the United States Marshall. on the execution in
faycr Of Richardson. Burrsge & Co, to Charles
Harding & Brothers, for sac 900. So ended E
period C eleven years Of uninterrupted loss sni
disaster.
The money sunk By the Vermont stockholders
in the enterprise amounted TO not less than
/ S200,000 The net loss of our townsnan Sid
pey Barlow, vas stout $4,000. Mr.. Baxter
got out with lcrs Of $4,000, and others in
various proportions. One or two failures which
in time occurred among tie original stockholders
was probably in large measure due to their
losses in this investment. The abstraction and
ultimate absorption Of 50 large an amount Of
capital, il 4 Place no larger than Burlington,
wae, in tho,e days, $ very serious embarrassment
to our business community. Il took almost ali
the surplus capital II the place, and it greatly
dampsaed the spirit Of manufacturing enterprise
for many ye.rs. Adding to the Losses of the
/ Vermont stockholders the gums put in by the
Boston people on snd sitter the reorganization,
the total Losses Of the company up to this period
/ probably fell rot dollSr short of three hundred
/ thousand dollars.
TEE HARDING BROTHERS
WHO now became the owners Of the mill, we're
tarce practical manufacturers and sharp bust
ness managers. They put about 1000 Al
once into new machinery and repairs, making
their total investment $4,000 But though
they lad bought the property at low price,
and msaugei tao business with great clre &ud
skill, the sac:ess Of their experiment wss doubt
ful for The first three years. In 1857, following
the slspeasion Of their agents FOR the sSle Of
their goods in Boston, Francis skinner s Co..
they were compelled to ssll 100000 yards of
cloth At = serious loss, and things we're looking
doubtful for them. Abou; THE time, q fortunate
discovery put 2 new face upon their business
Their attention, ia common with other manu-
fic;uiers'. hss been drawn to the Mestizl wool.
grown u2on tic pampas OF Buenos Ayras
and she argentine Republic in South
AmaIi,s. This Nool could be bought ct twelve
cents pound when domestic wool wss bringing
thirty c,nts but rerious drawback upon lis
use existed in tire fact that The eeeces were filed
with the burrs of q South American thistle,
csnai the Mestza buzz. This burr in the card
ing became worked into GsmeEts which mingled
Eel. .1 . ~ .- .-.-f1 --. d., --...s,..a b-- .r
economical prooets, suI which when woven into
cloth, would not take the dye, and ruined the
f4,e Of she goods The Eerlincs had been en-
jasvoring TO work the Mestll wool, but hal
given ituoas failure. What to turn 20 next,
they knew not. In consultation Of She three
hr5,hers, ore day, over the question whether
OF 80 ;h,y could keep tie mill running, enc Of
them asrrsrsi 20 hoII in his hsni lock Of the
4.esuzs r5,!. which he began pounding, RI
u,rsot.t,v. with hammer which Icy by HE
hand. Suddenly Lis stt,utou Vac drawn TO the
tsct ;is; sic ii-rs had disappeared from the BIZ
O. v-cl under ,he hammer. Tryiae the rroc-ss
on fresh lock, be fall that the burr
was brittle enough TO become easily
c-d.hal pu.ys-izsi sad extracted. Tea minutes
ia,er ,le brothers we've seen hurTyiuE 70 the
l-l'-'-' sl'P TO a par o. non i''''.'' @'--
2s'.Is '-. WOOL ,'''.'' '''.'' '--'' ''--l 10
'ls'' Joy '1'' '-' li- .'ai' eilsl,i p '''' it
could be shaken ga. of the wool without injury
70 'ls -' e i''' ''' a. '''.' '-A' '-'" ~
'---, we're use -- - ,t-sle-.,'--
t'' '- '+'''-' ''''s ---'
'-' A''i 'I+ "
''7
gre '''. e ' ".- .' 5''''' ~ '-'''
,-.,.,
''' -. ~
'I'l '' -'' -''''
--'' =.
''.''' ~, --''''' " sag
Ii.---' '-5 were 1s' . nave '''--
o- 'As Oh ''@''- '"' '-'' -' '''''
''.l ''' ana } .- '"l'- Tell -'- '''l' IT, my
GOA '-''l' - ,i''' ''-. ''--i r, '-.'.' '-'-
'-' 49,
~ no.
''-'' '' ''''.'' --' '1-y -i' "' '- sN''-'
som after roe ar-r.ar Of tts rs-, the young
s- u.r-.r-. a,i-r made very comfortable for
tunes. ard h.r-r- lue faith 10 tie SUCCESS Of
,acv.r " tas--a.i.ty ,f a.y busi1es,. sell crt
,hs.r sas.., .u she u,u 30 Casriss Hsrlirg As
tie ua- assumed i-a iuusnse proportions, and
-.-- vs-. t.;r7 armed t- the million BIZ the
.,,..,.. -....- .t.. -