The New York herald., 1873-11-15
THE SPRAGUE SUSPENSION.
Meeting or the Creditors of Hoyt,
Sprague 81 Co.-The Trust Decd-Dis-
tress Among Operatives.

Meeting or the Creditors of Hoyt,
Sprague sS Co.-The Trust Decd-Dis-
tress Among Operatives.
PROVIDENCE r. l., Nov. IA, 1873.
meeting OF the creditors OF Hoyt, Sprague h
Co., OF New York. resident In this city, will be held
here tomorrow to consider how they will be rep
resented, II ifdeemed advisable, at general meeting
OF the creditors to be held in New York on Wednes-
day. the 10th inst. 1t is understood that there
quite number here OF the creditors Of the firm and
committee will very probably be appointed rep
resent them at the New York meeting. called this
evening upon lawyer Thurston, at his residence to
see II copy Of the Sprague trustee deed could be
procured. He informed me that the counsel, COM
prising. besides himself, several lawyers from
Boston and New York, were engaged
upon the deed oil Thursday, and it is
now undergoing the final revision. He says
that the creditors, being naturally very
particular in so important matter, procured the
services OF lawyer Smith, Of New York, and the
trustees being equally desirous OF having 1t sats-
factory to them, engaged Judge Thomas, OF Boston.
Mr.. Thurston says that since the creditors meet
ing the counsel have been constantly employed in
the arrangement Of the deed, which has undergone
revision after revision, and great care
Is shown as to the powers conferred and
personal liabilities Of the trustees. When questioned
your TepoTtcT hs W WHetlcT INC lnectinp VI tHc
creditors Of Hoyt, Sprague b Co. would delay the
execution OF the deed by presenting any fresh alb
stracts or In any way Interfere In the pending ar
rangements, Mr.. Thurston replied that II would
not, the action of those creditors would be only
in reference to the New York house, Mr.. Thurston
has labored hard In this trying emergency
and he will experience great relief when
the matters are concluded. He has thus
far freely and cheerfully communicated all desired
information to your correspondent and evinces
disposition to afford all possible aid In giving the
HERALD the news. The offlce OF the Spragues here
is daily the scene OF very busy labors, and the
members OF the company are all absorbed In their
affairs.
The Great Atlantic Delaine Mil, which has
been run by Hoyt, Sprague q Co., and which
mainly produced their failure, Is, OF course, yet
Idle and deserted. The hum OF busy industry is
no longer heard within its spacious apartments,
and the working population OF Ulneyvllle have
been compelled to seek employment In other
parts.
sad arair in connection with the stoppage OF
this mill was the closing OF the Corporation board
ing house, IN the immediate vicinity OF Oneyville,
where over 200 OF the operatives boarded. De-
prived OF work, these couple OF hundred of helpless
people, men, women and children, sud-
denly cast out, without warning or any provision
for shelter Trunks, bags, furniture aud packages
were thrown pr0mscuously outside, and that
night, when the doors OF the house were closed upon
the boarders, many OF them were compelled TO
take lodgings in the police stations.
There Is no immediate prospect OF work at the
mill being revived and its suspension at this
season OF the year must necessarily produce great
operatives struck several months ago for half
hours reduction OF time, which was refused
them, and after the strike had continued a lew
weeks the poor people were obliged to resume
work for the scanty-almost starvation-wages
given them and toll unremittingly Tor eleven long
hours, only half hour being granted for dinner.
There Is q large numker OF people out OF employ
ment in the CITY, and the consequences OF snackled
industries are severely ielt.