Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1873-11-06
THE SPRAGUES.
The Vast Interests of the House.
They Employ $4,000 Persons,

From Providence Correspondence New York
Tribune.
The vast interests involved in the
embarrassments OF A. & w. Sprague
and Hoyt, Sprague Il Co. appear from
the list OF their mills, works, and man
fold enterprises. Good judges say,
however, that their suspension would
not cause the suspension of u single
bank in the State. Only three national
banks-the Globe, First National, and
Second National and two saving:
banks held very largely of their paper
Many merchants might go under, ano
distressful times would certainly ensut
in Rhode Island from the complete
failure of a. d w. Sprague. They rur
near 100000 spindles and 2S printing
machines in mills and print works, anO
employ over 10000 operatives. Theil
great print works at CranstOn employ
l., eco persons, and can turn out 4O,0O(
pieces week. AT Natick, r. l., they
run &c, 900 spindles, and have 600 hands
at Arctic, L. l., they run $4,000 spin
dies, and have {, 900 hanGs; at Quidnick
r. l., they have $1,000 spindles, and
500 hands; at Baltic, Connecticut, 49,.
600 spindles, and 100 hands; at Central
Falls, r. l., 1000 spindleS, and neal
500 hands; at Augusta, Me-, 81, ,00t
spindles, and 700 hands. These cotton
mills supply their print WORKS with
most of the print cloths used by them
making about $1,000 pieces a week
when running on full time. All are
now on half time. Besides ineir milli
and print works they run other great
enterprises, both within and without
the State. In Maine they have vast
timber mills, saw ni.i>, and like prop
erty, in which are employed great
numbers of men during the numbering
season. In New Hampshire is more
similar property of theirs. At Colum.
bia, S. G., they own valuable water
power, and have great stock forward
They also own much land in Kansas
and in Texas. In this city and Grams.
ton, their real estate, improved and I'M
improved, is great in extent and value
They control in this city the Union
Railroad, owning all street railways
employing 800 men, 500 horses, and 10(
cars, with capital stock of 5000, 900, and
valuation of property about $780,
VIM. Sprague is President of the Prov.
idence d New York Steamship Com.
pany, which has eight steamers, en-
ploys 500 hands, aud owns property
valued at 81 100000. This compeny, il
is claimed, will not be embarrassed be.
cause of the Spragues' embarrassment.
Though they are the largest stock.
holders, they own minority of the
stock. A. d 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-hali
their usual force on lftime; the Phe.
nix Iron Foundry, Elm Street Machine
Company, stock Stove Foundry, and
the American Horse Nail Company
They also own one-third of the stock OF
the well known Rhode Island Loco.
motive Works, which employ ovel
l 900 men, and of the Nicholson File
Company. Their mill property at q
low valuation, lis estimated at "a 200, ,00O
and their print works at 81 ,OOO,O
Their pay roll at times has approached
$25, 600 day. Besides all this property
of A. & w. Sprague & Co., Royt
Sprague & Co. own IN ost of the stock 0l
the Atlantic Delaine Co., whose mills
in Olneyville employ over 1000 hands
On this property is an indebtedness
near 81 900, 900.