The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1873-11-21
The Spragues.


The Providence correspondent of the
New ork Tribune writes. The vast in
terests involved In the cmbarrassmcnts al
\. ana w. Sprague and lloyt. Sprague a
Co., appear from the list of their mills
works and manifold 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. First National and Scc.
ond National-and two savings banks held
very largely OF their paper Many mer-
chants might go under and distressful
times would certainly cnsue In Rhode l.
land from the complete failure of A. NW
Sprague. They run near 2s0. 600 spindle,
and y printing machines in mills and
print works, and employ over 10000 oper-
atives. Their great print works at Gran
ston employ $4,000 persons, and can turn
out 10000 pieces n week. At Natick.
X. l., they run 10000 spindles, and 600
hands at Arctic, X. L.. they run 22.Dm
spindles, and have 1900 hands at Quid-
nick, X. L., they have -, 600 spindles. and
800 hands AT Baltic. Conn. $1,000 spin
dies. and 100 hands at Central Fails. Il.
l., $1,000 Spindlcs. and near 500 hands
at Augusta. Me-, $4,000 spindlcs. and 700
hands. These cotton mills supply their
print works with most of the print cloth.
usedby them, making about $4,000 piece,
4 week when running on full time. All
are now on half time. Besides their mill,
and print works they run other great en-
erprises, both within and without the State
In Maine they have vast timber mills. saw
mills. and like property, in which are en-
ployed great numbers of men during the
numbering season. I'm New Hampshire /.
more similar property OF theirs. At Co
lumbla. >. c., they own valuable water
power. and have great stock forward.
They also own much land in Kansas and
in Texas. In this city and in Cranston,
their real estate. improved and unm
proved. i great in extent and value. They
control in this city the Union Railroad
owning all street railways. employing 800
men. 800 horses. and 100 ears, with capital
stock of SOOO,OOO. and valuation ofpropcrty
about SSOO,OOO. VIM. Spraguc is president
of the Providence and New York Steam
ship Company. which has eight steamers.
employs 800 hands, and owns property
valued at 81 100000. This company. il Is
will not be embarrassed bccaussoi
the Spragucs embarrassment; though they
are the largest stockholders. they oWna
of the stock. 4. n W. Sprague
control in Providence. the Perkins Sheet
Iron Company andt the Rhode Island Horse
Shoe Company. having 800 hands when
full. now runningwith one-half their usual
force on half time; the Phoenix Irol
Foundry. Elm Street Machine Shop
Sprague Moving Machine Company. Com
stock Stove Foundry, and the American
Horse Nail Company. They also own
of the stock of the wcll-known
Rhode Island Locomotive Works. which
employ over ! 900 men. and of the Nichol-
son File Company. Their mill property,
Al low valuation. j. estimated at Sl.2OO.-
300. and their print works at Sl,WOWD.
Their payroll at times has approached
s25, 900 day. Besides all this property Of
4. Il w. Spraguc u CO.. lloyt. Spraguc&
Co. own most Of the stock OF the Atlantic
Deaine Company. whose mills in Oncy-
willie employ over 1000 hands. On this
property is an indebtedness of near ST.,
10000.