The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1873-11-14

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terfere.
REfEKMG to the failure of Hoyt,
Sprague d Co., the New York Ftnan-
elaE Chronicle says
Large as was the capital of the
Spragues, their engagements were
larger still. Public spirited, benev-
olent, almost prodigal in dealing
with their great wealth, they could
not stoop to the little shifts by which
timid, selfish people take care of
themselves and keep their fortunes
Outofharm's way From such causes
acting through may years, Governor
Sprsgue and.ni friends became bur-
dened with q wonderful variety of dis
tracing concerns and heterogeneous
occupations. In Rhode Island they
run nearly 2S0,0OO spindles and %
printing machines, employing 10000
hands in their mills and print-werks.
In Maine and New Hampshire they
have extensive timbers-mills, saw
mills and other works, which find la
Dor multitudes ofmen in the lumber
ing season. At Columbia, in South
Carolina, they have mills, and they
own large tracts of land in Kansas
and Texas. Besides this, they are
owners ofraiIroads, steamboats,, iron
foundries, locomotive works, NOW
ing machine companies, and other
like concerns. Their steamship COM
pany has eight steamers and employs
500 hands and owns property worth
| $I0O0,0O0. Their mill property is
estimated at $4,200,000 Their pay
roll has reached at times $4,000 a
day. Now it is evident that all this
multiBlieity of business requires an
immense capital, and the bankers of
this city have long known that too
much ofthe capital was borrowed.
Under these circumstances prudence
whispered that failure was a eontin-
gency which was inevitable at some
severe pinch Of the money nhaket.
It is to be regretted that men who
devoted themselves with so much en-
ergy to business that gave employ
ment to many thousand, aud added
daily to the productive wealth of the
country, should in any manner be
crippled, and that too, with an ex-
cess of assets running eight millions
above their indebtedness. Their
troubles, like that of many others,
was having their assets in a form
that was not available when desired.
washington Correspondence Chicago Tribune.
A Man with Three Hundred Thou
sand Dollars a Income. q
The late Consul General of the
United States at Cairo, George But
Ter, is in Washington, and have de-
rived some fresh and interesting in
formation from him. Said Pasha is
described by Mr.. Butler as person
of culture speaking French with ease
and English little; fully educated
at the Polytechnic School in Paris,
and wearing the dress of Christian
people. He is q shrewd soldier and
richsmerehaBt, and not soldier by
propensity; and his income and the
luxury Of his court exceed the tales
of Haroun al Raschid's splendor. He
has an income of S1I0,000,O00 per
annnm, more than half as much
as the whole annual expence of the
United States Government, in exclu-
sive of the cost of the public debt.
To keep our 10000 or 10000 office
holders, our army, our navy, the pub
lec buildings, &c, DC, requires $I7,-
100000, month. And Said Pasha,
who has no more subjecrs than there
are citizens of New York State, has
by Mr.. Buffers careful estimate, be-
tween $4,000, 1000, and $10,00O,0 900 q
month, or above 100000 day. He
has 27 palaces, all the corporate pro-
perty-or that which with US would
be controlled by corporations-in the
country, and no laws whatever but
what he can think of or will from day
to day. He has four wives and
vast harem, and being aa unwise
husband, does not know all his own
children;yet he is temperate and pru-
dent, and still he is not happy.