The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1873-11-27
VAST TNTEREsFs,
The Mills, Steamships, Street Railway,
Lands, Locomotives and Other Prop
erty OF the Spragues.

The Mills, Steamships, Street Railway,
Lands, Locomotives and Other Prop
erty OF the Spragues.
The vast interests involved IN the en-
barraszments of A. & W. Sprngue and
Hoyt, Spragues & Go. appear from the
list of their mills, works and 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 distressful times
would certainly ensue in Rhode Island
from the complete failure of A. & W.
Sprague. They run near $50, 600 spin
dies and % printing machines in mills
and print-worlzs, and employ over To-
600 operatives. Their great print
works at Orsnster employ Il, 600 per
sons, and can turn ont &C, 900 pieces a
week. At Natick, r. L, they run TO-
900 spindles, and have 600 hands at
Arctic, R. l., they run 1900 spindles,
and have 5000 hands at Quiduick, R.
L, the have 80, 900 spindIes and 500
hands; at Baltic. Conn, SO, 900 spindles
and 100 hands; at Central Falls, R. L,
80, 900 spindles and near 500 hands; at
Augusta, Me-, "a, 900 spindles and 700
hands. These cotton-mills supply their
print-works with most of the print
cloths used by them. making about 3d.
600 pieces a week, when running on full
time. All are now on half time. Be
side their mills 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 great stock for
ward. They also own much land in
Kansas and Texas. In New York and
Oranston, 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
100000. VIM. Sprague is president of
the Providence and New York steam
ship company, which has eight st amers,
employs 500 hands, and owns property
valued at $1,OOO,OOO. This company,
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. & w. Sprague control,
in Providence, the Perkins sheet-iron
company and the Rhode Island horse
shoe company, having 800 hands when
full, now running with one-haIf their
usual force on half time; the Phoenix
iron foundry, Elm-street machine-shop,
Sprague moving machine company,
Comstock stove foundry and the Amer
lean 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 a low valuation, is estima-
ted at 81, 2O0,0 900, and their print works
at 81 100000. Their payroll at times
has approached $25, 900 a day. Beside
all this property of A. & W. Sprague,
Hoyt, Sprague & Co. own most of the
Al
whose mills in Olneyville employ over
1900 hands. On this property there
is an indebtedness of near $4, 600, 900.