The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1873-11-21

/ AAC AAAAAss SAChAAshAp BLESeL railways
Lands, Locomotives and Other Prop
erty of the Spragues.
The vast interests involved in the en-
barrassments of A. & W. Sprague and
Hoyt, Spragues & Co. appear from the
list of their mills, works and Il anifOld
enterprises. Good judges say, howev~
er, that their suspension would not
cause the suspension of single bank
in the state. Only three national banks
the Globe, Frst National and Second
National-and two savings banks, held
largely of their paper. Many merchants
might go under and distressfuI times
would certainly ensue in Rhode Island
from the complete failure of A. & W.
Sprague. They run near $50, 900 spin
dies and % printing machines in mills
and print-wOrks, and employ over TO-
600 operatives. Their great print
works at Cranston employ u, 600 per-
sons, and can turn out 40, 900 pieces a
week. At Natick, r. l., they run TO-
900 spindIes, and have 800 hands at
Arctic, r. L, they run 1900 spindIes,
and have 5000 hands at Quiduick, R.
L, the have $4,000 spindles and 500
hands; at Baltic, Conn, SO, 600 spindIes
and 100 hands at Central Falls, R. l.,
80, 900 spindles and near 500 hands at
Augusta, Me-, 1000 spindles and 700
hands. These cotton-mills supply their
print-works with most of the print
cloths used by them, making about 35,-
600 pieces a week, when running on full
time. All are now on half time. Be
side their Nails and print-works they
run other great enterprises, both within
and without the state. In Maine they
have vast timber-mills, saw-mills, ana
like property, in which are employed
great numbers of men during the lum-
bering season. In New Hampshire is
more similar property of theirs. At
Columbia, s. c., they own valuable wa
ter-power, and have a great stock for
ward. They also own much land in
Kansas and Texas. In New York and
CranstOn, their real estate, improved
and unimproved, is great in extent and
value. They control in New York the
Union railroad, owning all street rail-
ways, employing 800 men. 500 horses,
and 100 cars, with capital stock of $780,
600, and valuation of property about
$500, 900. VIM. Sprague is president of
| the Providence and New York steam
ship company, which has eight st amers,
employs 500 hands, and owns property
| 81
it is claimed, will not be embarrassed
because of the Spragues' embarrass-
ment Though they are the largest
stockholders, they own a minority OF
the stock. A. K w. Sprague control,
| in Providence, the Perkins sheet iron
company and the Rhode Island horse
shoe company, having 300 hands when
full, now running with One-half their
usual force on half time; the Phoenix
iron foundry, Elm-street machine-shop,
Sprague moving machine company,
Comstock stove foundry and the Amer
ican horse nail company. They also
| own one-third of the stock of the we'll
known Rhode Island locomotive works,
which employ over 1000 men, and OF
the Nicholson file company. Their mill
property, at low valuation, is estima-
ted at 81, 200, 900, and their print works
at 81, , 100000. Their payroll at times
has approached $25, 900 day. Beside
all this property of A. & W. Sprague
Hoyt, Sprague & Co. own most of the
stock of the Atlantic deIaine company
whose mills in Olneyville employ ovel
1000 hands. On this property there
is an indebtedness of near 81, 600, 900.