The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1873-11-12
Vast Interests.
New York Tribune, oct. 81,

New York Tribune, oct ~,
The vast interests involved in the
embarrassments of A. Il w. Sprague
and Hoyt, Sprague d Co., appear nom
the list of their mills, works and man
fold enterprises. Good judges say,
however, that their suspension would
not cause the suspension OF a single
bank in the State. Only three national
banks-the Globe, the First National
and Second National-and two savings
banks held largely oftheir paper Many
merchants might go under and dls'
tressful times would certainly ensue III
Rhode Island from the complete failure
of A. Il w. Sprague, They run near
100000 spindles and Is printing
machines in mills and print
works, and employing over lo,ooo OPP
eratives. o
Their great print works at Cranston
employ $1,000 persons, ana can turl'
out 10000 pieces a week. AZ NalicR,
r., l.. they run 10000 spindles, and
have 600 hands; ut Arctic, r. l., they
run $4,000 spindles, and have o,0oo
hands; at Quidnick, r. l., they nave
20 600 spindles and 800 hands; at Bal
tic Conn, $1,000 spindles and 100
hands. Mt Central Falls, r. l., $1,000
snindles. and near 500 hands; at All-
oustn, Me-, $1,000 spindles, and 70o
hands. These cotton-nills supply their
nrint-works, with most of the PRINT
cloths used by them, making about
rs 600 pieces week, when running on
full time. All are Oh half time.
Besides their mills and prints WORKS
they run other great enterprises, poth
within and without the state. IN
Main they have vast timber mills, ana
like property, in which are employed
groot Numbers of men during the ltIm-
5arjng season. In New Hampshire
is more similar property OF theirs Az
Columbia, South Carolina, they own
valuable water power, ana nave u
creat stock forward. They also own
mnrh land in Kansas and in Texas.
In this city and Cranston, their reai
estate, improved and mimprovcd, Is
great in extent and valne. They con-
frol in this city the Union railroad,
owning street railways, employing 3uo
men, 500 horses and loo cars, Wll ,,
canital stock of$6O0,OOO, and valuation
of property about 100000. William
Sprag,ie is presidentofthe Providence q x
New York Steamship Co., which mas .
steamers, employs 800 hands, ana
owns property valued at Si,oCV'ooo.
This company, it is claimed, VIII ho ,
he embarrassed because of theSpraSue ;
en- barrassment,
Though they are the largest stock
holders, they own minority OF wv
stock. A. & w. Sprague control III
Providence, the Perkins sheet IRON
companv and the Rhode Island Horse
Shoe company, having 800 hands when
fnll nov running with one-half their
usual force on half-time; the Phoenix
Iron Foundry, Elm street Machine
shop. Spraguc Moving Machine com,
many. Comstock stove Foundry and
The American Horse Nail company.
They also own one-third OF the stock
of the well known Rhode Island Lo'
comotive Works, which employ over
1000 men, and of the Nicholson File
company. t,o
Their mill property, at low valula,
ton, is estimated Mt S4,2Oo,OOC, and
their print works at 81 oOo, OoS. ., L ne
nav roll at times has approached 80
dO6 a day. Besides all this property Of
A. & W. Sprague, Hopt Sprague 4 Co
own most of the stock of the Atlanta
Delaine company, whose mills III VI
neville employ over 1000 hands. On
this property Is an Indebtedness neai
81 O00, 900.