The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1873-11-15
Vast Interests.
New York Tribune, Oct. 81

l-''N i'ih ''Ns OIL
The vast interests involved In the
embarrassments of a. Il w. Sprague
and Hoyt, Sprague IL Co., appear from
the list of their mills, works and man
ifold enterprises. Good judges say,'
however, that their suspension would
not cause the suspension of single
bank in the State. Only three national
banks-the Globe, the First National
and Second National-andtw two savings
banks held largely their paper. Many
merchants might 70 under and dis
tressful times would certainly ensue in
Rhode Island from the complete failure
of a. d w. Sprague. They run near
100000 spindles and 2S printing
machines in mills and print
works, and employing over 10000 OPP
eratives.
Their great print works at Cranston
empiOy 1900 persons, and can turn
out 10000 pieces week. At NatiolS,
r. l., they run 10000 spindles, and
have 600 hands; at Arctic, r. l., they
run $4,000 spindles, and have 5000
hands; at Quidnick, II. l., they have
$4,000 spindles and 500 hands; at Bal
tic, Conn, $4,000 spindles and 100
hands; at Central Falls, II. l., $1,000
spindles, and near 500 hands; at Au-
gusta, Me-, $4,000 spindles, and 700
hands. These cotton-mills supply their
print-works, with most of the print
cloths used by them, making about
$4,000 pieces q weok, when running on
full time. All are on half time.
Besides their mills and prints works
they run other great enterprises, both
within and without the State. In
Main they have vast timber mills, and
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, South Carolina, they own
valuable water power, and have q
great stock forward. They also own
much land in Kansas and in Texas.
In this city and Cranston, their real
estate, improved and unimproved, is
great in extent and value. They con-
troll in this city the Union railroad,
owning street railways, employing 300
men, 800 horses and 100 cars, with
capital stock of$600,000, and valuation
of property about SS0O,000. William
Sprague is president ofthe PrOvidence&
New York Steamship Co., which has s
steamers, employs 500 hands, and
owns property valued at $1,000, 600.
This company, it is claimed, will not
be embarrassed because OF ftheSprague's
mbarrassnlents
Though they arc the largest stock
holders, they own 4 minority OF the
stock. A. Il 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-half their
usual force on halt-time; the Phoenix
Iron Foundry, Elm street Machine
shop, Sprague Moving Machine CONF
pany, Comstock Stove Foundry an
the American Horse Nail company
They also own one-third of the stock
of the we'll known Rhode Island Lo-
comotive Works, which employ over
1000 men, and of the Nicholson File
company.
Their mill property, at low valua-
ton, is estimated at $4,000, 900, and
their print works at 81 100000. Their
pay roll at times has approached SD
COO day. Besides all this property of
A. q w. Sprague, Hopt Sprague Il Co.
own most of the stock of the Atlantic
Delaine company, whose mills in OIL
neyville employ over 900 hands. On
this property Is aA Indebtedness near
$4, ,000, 600.