Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-11-06
The Snrague Susnensian-
MEETING or CREDITORS, AND PROPOSED
OF SETTLEMENT

MEETING or CREDITORS, AND PROPOSED PLAN
OF SETTLEMENT.
Providence, November CA large meeting
Of the creditors OF the 4. & W. Sprague manu-
featuring company and A. Il W. SPrague was
held at IL O'Clock this forenoon, In the Horse
Guards hall. WIN. J. king called the meeting
TO order, aud Hon. Amos &. BarstOw was cheese,
chairman, and Jeffrey Hazards secretary. Mr.
Ihurston, attorney for the house Of the
A COMMUNE, ALTON FROM THE DERrons,
expressing the belief that ii an extension OF
time i given they can pay all obligations and
retain the PRINT works and perhaps the other
manufacturing property, and pledging their ut
most efforts 10 that end. Mr.. W. J. King
moved, in order that the creditors may meet
and act IN concert with the debtors, that a COM
mittee of five be appointed from this meeting 10
confer with the Spragues in regard % the con-
dlt0ns Of the trust mortgage and the appoint
ment Of trustees. After some discussion the
motion was adopted unanimously. Mr.. Thurs
ton stated that
THE sPRAGUEs WHOLE OBJECT
was that the property should be devoted to the
payment OF the debts and that the trustees 70
be appointed should be friendly TO the house
only so far a. that after the debts are paid the
! property shall not be dissipated. II was inn
poTtant that the appointment OF the committee
should be such that i would be impossible 70 say
any thing was intended except what was for the
good OF all. lt was finally voted that the chair
man should name the committee, and the meet
ing took recess to enable the chair TO decide
whose names should be presented.
TIE FOLLOWING Is THR STATEMENT
presented BY Mr.. Thurston 10 the Chairman O 1
the meeting OF the creditors. The A. a. W.
| SpTague, manufacturing company, and A.
W. Sprague regret that they are
Obliged 70 announce 20 their creditors
that they find themselves unable TO
meet their maturing obligations. The recent
examination into their affairs made by the com
mittee appointed at the meeting OF bank Onicers
| in Providence, shows that they have a surplus
the just debts of at least As 900 900 Of pro-
perty, and they confidently believe IL an eN-
tension Of a reasonable length rs granted 10
them, they can pay in full all their liabilities,
and pres their print works and a cOnsidera-
BILE portion OF their mil property. They re-
spectfully invite their creditors TO designate
from their number a committee. with whom
they can have free aud full conference, for
the purpose Of deIIsing the best plan for secur-
ing the large property in their hands 70 their
creditors. and enabling all claims against them
to be satisfied in the shortest possible space of
time. The A. * W. SPrague manufacturing
company pledge 20 their creditors their utmost
efforts TO operate with the creditors In means
| TO the above end which may, upon conference,
be devised.
(Signedl-Th A. x W. sprague Manufactur-
| ing Company, per Amasa Sprague, president,
COMMITTEE APPoIEIED.
Providence, November 6.-Mhen the meet
ing Of Sprague creditors ease mbled the chair
man announced the committee 10 confer with
the creditors. The meeting voted that the com
mittee make report Of the names Of the
/ NusJees - mooung. ana . e"rther recess
was taken until three O'Clock this afternSap.