The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1873-11-08
A FALhEN~H0USE


Providence Correspondents N. I. rr,bSne,
The vast interests involved IL the
cmbarrassnents Of AZ ". Sprague
and Hoyt, Spragues & Co., appear
from the list of their mills works
and manifold enterprises. Coed
judges say, however, that their sus.'
pension would nc& cause the sus-
pension of q single bank IN the
State. Only. three national banks
the Globe, First National and
Second National-.and two savings
banks held very largely of their
paper. Many merchants might 60
under and ,distressful times would,
certainly ensue in Rhode Island
from the complete failure Of A. &
w. Sprague. They run near $780,
600 spindles and twenty eight print
ing machines in mills and print
wsrks, and employ over10 600 ops-
ratives. Their great print, works
at Cranston employ 12,O0D persons,
and can turn. out 10000 pieces q
week. At Natick, Rhode Island,
they run 10000 spindles, and have !
600 hands; at Artic, r. T., they run
$4,000 spindles. and have 5000,
hands; at Quidnick, r. T., they have
$4,000 spindles, and 500 hands; at
Baltic, Conn, 90, 900 spindies, and
100 hands; at Centred Fails, r. T., Z
$4,000 spindies, and near 500 hands;
at Augusta, Me-, $4,000 spindles,
and 700 haudss . These cotton mills
supply their print works, with most
of the print cloths used by item,
making about IS, 600 pieces q week
when running on full time. All are.
now ON half time. Beside their
mills and print works they run
great enterprises, both within and
without the State. In Maine Nhei
have vast timber mills, saw mills,
and like property, in which afe en-
,ployed great numbers Of men du-
ring the numbering season. I'm
New Hampshire is more similar
property Of theirs. At Columbia,
s. G., they own valuable water pow.
er, and have . great stock forward.
They also own much land in Kan
sas and in Texas In this city and
Cranston, their real estate, improv-
ed and unimproved, Is great in ex-
tent and value. They control in
this city the Union Railroad. own
ing all street railways, employing
800 men, 500 horses, and 100 cars,
with capital stock of $69O, 900, and
valuation of property about $780,
1000. VIM. Sprague is President Of
the Providence and New York
Steamship Company, which has
eight steamers, employs 500 hands,
and owns property valued at ST.
100000. This company, it - claim
ed, will not be embarrassed because
of the Spragues' embaxrassments.
Though they are the largest stock
holders, they own o minority OF the
stock. A. a W. Sprague control.
in Providence, the Perkins Sheet
Iron Company and the Rhode Is
land HORSE Shoe Company, having
300 hands when full now, running
with one. half their usual force, OF
half time; the Phenix Iron. Foun
derry, Elm Street Machine Shop
Sprague Moving Machine Com
pany, Comstock Stove Foundry
and the American Horse Nail Com
pany. They also own one third Q
the stock of the well known Rhod
Island Locomotive Works, whicl
employ over 900 men, snd Of tn
Nicholson File Company. a Thei
mill property, ct q low valuation, ]
estimated at q, 200 900. and thei
print works ct 81, 100000. Tllei
pay roll at times has approache
325, 600 a day. Besides al thi
property of A., g. w. Spragus
Hoyt, Sprague b Co, own most {
the stock Of the Atlantic Delan
Company, whose mills h Oheyvil!
employ over 2, 600 hands. On Chi
,property- is an Indebtedness {
NEARLY $4,000, 600 q SID ass
Thirty-six young lady students
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