, 1873-10-31
THE SPRACuES.

current to-day, suspended payment this 1norn-
lug. Mr. Knight, n member Of tho firm, said to-
dny that he holfovod they would be ablo to TO-
sume. Ho declined to make public tho assets
aud liabilities of the firm, but said TINT q stato-
mont Of tho assets and liabilities was being pro-
pared, and 1t would be submitted to
tic creditors nB soon As completed.
It ts rumored that es,ooo,ooo Of their paper
any banks in this cty will DO affected. II Ia un-
dorstood that The d1obo and Firat and Second
National Banks of Providence aro Beriously in-
yolyod. II is thought by some that tho failure Of
their agents in this city must etfoct 4: 4 ".
this bo true, however, tho reaults will DO worry
disastrous to tue whole manufacturing intoreBt
Of Rhode Island.
DosT on VERSION.
Special Dispatch to The Chicago Tribune.
BosroN, Oct. 80.-Tho fniluro Of Hoyt,
spraguo d Co., and the critical condition OF tho
Providence spraguea, hayo, Of course, boon tho
exciting topic Of stroot talk to-day. 80 far as
can bo ascertainod, there is not largo amount
of their paper aloat In tliB city. The
facts are, that tho banks hero hayo
for the past year or moro fought shy Of
it, for roasona which seemed good
enough to to thom, although not probably based
upon anticipationB Of the present state Of af-
fairu. Several which ct ono timo courtod their
custom, have lately contsiyed to dBpense
FALL n1vEn NOT HURT.
dispatch from Fall River to-day says TINT
the Bpraguos layo any indebtedness thoro Of
| any kind.
THE NEW YORK STEAMSHIP COMPANY.
| 4 private dispatch from responsible party in
| York Steamship Company arc not seriously ena-
| barrassed by Its CONNECTION with tic Sprag,,cs,
| aa other parties hold tho larger portion OF tho
stock. Their property is not heavily mortgaged,
! and business will not be interrupted.
TIE oRASBToN SAVINGS pASK,
| Of Providence, which suspended today, was nm
| institution managed by tho SpEagucs. Com
| nsisslonors appointed by the Governor aro i'll
/ within fow months has enlarged its business
! very much. Tho deposits, which aggregate
| $1,000, ,000, were made chiefly by porsons of
small means. who will suffer great prlvations
THE FRANKLIN SAVINGS pASK,
another establishment controlled by tho Sprague
family, has deposits to tho amount Of 81, 2,6o0 900.
| There hns boon a rim upon it all day, but by
taking advantage Of its privilege, and paying out
| only amall sums, 1t has continued busineaB.
SENATOR WILLIAM srnAauE
has been out Of tempor With his partners,
| 1t is reported. for sonle timo past !;
management OF the affairs Of tho firm. Rumor
Ina II theE thern was a eer;ous differences Of
s opinien % betweon the Brothers., which ado con.
situations disagrccablc.
The spraguea got through thie day, without aqB-
mande 1,non tic firm amounting onfy TO nbout
s7. .o00. Tho nowe Of The 8usponsion Of tho New
aofk urn OF h9yt, nPlaeue 20: was 1ecei'ea III
proFldenco WILL lively lntoreat, bit 70 caused
tbat the Confirmation Of TIC frat
| which camo az o r1ltnor, would 10 tho signal
Island house i; but whether or not it would hnve
taken place under heavier demands, it il im-
possible. to say.
THE uASKs AND THE spnAauEs.
4 special to tho Advertiser Tonight states that
the Representatives Of the banks met at II
o'clock this morning to receive the report Of tho
Committee selected to oxamino into tie affairs OF
the sEfaguos. The Committee, however, wns not
This was granted, aud tho meeting adjourned
{s ito mSSn Sons Il was sen nss GS
Of relief, tho nature Of Which Vas not dteclosoi
but ills was before tho rocoipt Of tho nows Of
| the future Of tho Now York house,
sFArEMENr: ynon nEADeuAnrsns:
tho oI.ico Of the SpraruoB todayis in the follow
inr wards: '''N
Tho 9,onmtee of 1nve,,;ooton tnto Tho Affairs Of
T. rssns e ID hs
city viii 10 prepared nj tue mecting to De held To-
morrow at noon to mako . report, which cannot
fail to DO highly satisfactory 70 tho cred
f tue md snrGena sn1aSn9 ca
ovrr a oustsnno ~ aI3ties inc,,dipr Halitics
upon tue outstanding liabilities. aud INCLUDING abii-
tiea upon tho acceptances Of Hoyt, sprague 4 Co.,
will not be less than 81 p!an VIZ bo Pro-
posed at tho meeting tomorrow, accompanied VIII
rsRoFt q the snasSn Of heif is nm whSa
ment ~ Whmraa,1n and 1Ioyt Rnraoua e Go. Of
tennorarV e1u ri " drration4 AA" 4o''' opAs1'
THE OUTLOOK.
amue - W.. - ~ % npou ILL., th tho fsi,urc -
oy ~ p,ntioa ~ ~ 'n u ~ea 1,at
o aro earo 10 ~ iii anw
h Wbather tbe erast hhoao h1s Issnd h house "" Of tho
opsaBa'e VIII ~ Tsaho ~. u .aIa;.s ~; n...,,
Tav ~ sno n1ovInvunp ~ sS01ta,,p t11ss' LIZ;
ppov7nrsor \ ~ anMTbare IN M
chsnoo n tis' cnndit}on w. ~ + u snrar,,o l.
l &A6nbo ~ Wv So4NAsaOA ~ A " ~ GsF." ."6So ~