Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1873-11-06
General News.


Probably no single firm In the United
States has ever been so widely and extern
sively interested ia manufacturing and
business enterprises Of widely different
character as that of A. & W. Sprayue or
Providence. and their suspension, even for
short time. would be very seriously felt,
not only In Rhode Island. but also in many
other localities where they are the main-
spring OF large industrial enterprises. or
their diversified business the Springfield
Union gives this account:
Inheriting with their firm name large
manufacturing interest aud princely
wealth, they have greatly enlarged the
one. and increased the other. unrIl the
name of A. Il W. Sprague has come to be
regarded as synonymous with financial
stability aud aggressive business enter
prise. With the vast amount of unencum-
bered property which they hold in their
hands. the worst that can befall them Is
temporary suspension. for their liabilities
are far exceeded by their assets.
A. ~ W. Sprague own the Cranston, X.
l., print works. the largest works of the
kind III the country. the cotton manufact-
uring villages of Arctic aud Qudnic in
Rhode Island. and Baltic in Connecticut.
in each of which villages there are very
large mills, and they have also mill, at
IA H., anu n iSustd, maine.
and are largely interested IN the Atlantic
delain mills at Olneyville. r. l.. Other
manufacturing properties. which they own
or are largely interested in. are Providence
Horse Shoe Company, the Perkins Sheet
Iron Company, and the Sprague Moving
| Machine Company, and they own a large
stone query in Oneco. Windham County,
| Conn, which has given employment TO
several hundred workmen. and has fur
| nished large quantities of stone for build
/ ing purposes in Providence and elsewhere.
/ They own branch railroad from the quer-
ries TO the Hartford. Providence and Fish
! kill line, and own "a ma ority of the stock
/ in the Union Horse Railroad at Providence,
the Providence Il Pawtu cket Horse Rail
road. and the New York & Providence
/ Steamship Company. formerly known as
the Neptune Line. In landed property
they own one Thousand aud two hundred
acres in Crauston. johnson and other VII
I lagos near Providence, for which an offer
of 81 900 600 has been refused: thousands
OF acres OF valuable timber lands la Maine +:
a large amount OF land in North Carolina.
| and a valuable stock farm and other prop
ertv in Kansas. They own the well-knoxn
trotting park at Cranston. which cost half
! a million of dollars. Incy have the con-
: troll OF the First, Second and Globe Ma
{ tional Blpks at Providence, aud the Frank
In and tran>ton savings banks, are identi-
lied with the City and Equitable. and sew
I eral other Providence Insurance compa-
MES a. heavy or controlling Stockholders,
and are LARGELY concerned in MANY other
financial interests aud industrial enter
( pr,>r>- They have always been ready to
take stock in any business or manuiactur-
/ Ing enterprise which seemed worthy OF pat
/ ronage, and hay. generously extended a
helping hand Ia young aud struggling bus
mess men when help was needed and was
/ valuable. In addition to all their business
they have carried on u general mercantile
I business Of any half dozen mercantile estal,-
iishments ia the State. At their store at
| Elmwood. Providence. anything can be
( bought. from 4 tin whistle. To house
keeping outfit in furniture. and IN all their
factory villages they have large general
/ supply stores for their operatives, An
army OF men is dependent upon them Tor
rcmunerative and bread giving employ
I mcnt and IL il to their credit - EMPLOYERS
/ Of labor that they are universally COM
mendcd bS their operatives a just and
. generous in their appreciation OF services
and their award of wages.
In addition 10 these joint interests of the
7 firm which have been mentioned each of
the two brothers forming the hrm holds
large and valuable property. and Anasa
the elder OF the two has been building The
past season the finest residence IN The
state. at Warwick, at an estimated cost of
several hundred thousand dollars. and
William, the senator and cx-goyrrnor.
. owns very fine >ideucr in Kiny.iou
Ama>a i also a large owner of blood..d
/ horses aud other fine stock. aud the
amount OF property which they hold Joint
! ~ and Individually /. almost fabulous.
/ The practical management Of the vast
! manufacturing business which the
/ Siragucs have carried on has been under
/ the charge of Ama>a, who was bred TO the
/ bu>ine>, at Cranston, while William has
had charge OF the finances. Ii is gene
rally understood that since the monev-rais-
Ing trouble, commenced. the brunt OF the
financial. a well rs the manufacturing
management. has fallen upon Ama>a and
I II was rumored al Providence on Wednes-
DAY that William would withdraw from
the firm for the future, ind that his broth
ct would carry on the business alone.
The Spragues' connection wiih Che New
YORK firm Of Hoyt sprague & Co,
and The @.nure of the New York house
as not necessarily involve the suspeu-
slon oi The Spragues. although it naturally
Will moi htlp their condition. The head Of
Tue NJ" YORK house married q sister of
the Spragues. and the goods manufactured
by HE >prasnes have been placed upon the
market ny that house. which had branrh..
AT Philadelphia and New Orleans
Another paper says: Gov. WIN. Spraptle
we al remember, offered 10 lead the
Rhode Island troops to the Gulf in the re-
brllion. and perhaps did so. part way at
least. lie won the senatorship. which he
Sill! retains. and The daughter of Chief
Justice Chase for Il wife. The two broth.
ers are youngi>h men. and decidedly
'fo!ksy and free and easy In their deal.
iHgS with people. Amasa. the elder. mar
ried factory girl. and mad wise choice.
too III. said