The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-20
A.T.STEWART & co.
Their Mill Property-Its Value
and Products.
Future Operations at Saratoga
and Garden City.

ing merchants IN the dry goods business In New FORK
and perhaps, throughout the world. has been 'the
probable future policy OF the firm" The promptness
Of the formation Of the nrm a complete sur
prise the mercantile community and the announced
Consideration for which exJudgc Hilton became tho
representative of the millionaire merchant became
matter OF wonder. Gradually the problems are
being solved Mr. William Libbey, OF the
firm OF A. T. Stewart Il CO., explained
to HERALD reporter yesterday that he declined TO give
any further Information relative the formation Of the
new firm, except that II made in compliance with
the wishes Of Mr. Stewart which fully expressed,
discussed and settled years ago Mr. Stewart named the
amount to be paid and provided for it, Every wish
expressed by the deceased win be strictly CON-
piled with. In general conversation among the mem
bcrs of the trade and from other sources
believed to be authentic, the following items
Of interest have been gathercd:--Thc will OF Mr. Stew
art len certain lcgaces to certain friends and employees
These lcgaccs to be paid to the persons designated
within few days or the largo number Of employees
who have faithfully served Mr.. Stewart during tho
terms specified his WILL and ofwhom he says to each
Of those who kavo been in my employment for the
period OF twenty years shall be paid $1,000 while to
each of those who have been with me for ten years
shall be paid $780, il has boon ascerlaned that the
proper persons going tho books Of the
late firm to ascertain their and length Of SERVICE
and the requests Will be paid by the firm soon
as tho schedule is completed and approved.
PROPERTY
Beyond the real estate in New York amounting to
something SO 600 900, interesting feature Of
the business OF the old firm. and under the
agement of the SUCCESSORS Is the mil property. The
most important is that known the Glenham Mills, at
Fishk, n " These formerly tho properly OF
the Glenham Manufacturing Company, organized In
1873 by John Jacob Astor Peter Schcnck and two
others. The original capital was Sl40, 900 and the
About 800 acres of land were owned by tho com.
pany The mills were built Of stone and brick the
machinery was new and In fine order. About 600
operatives were employed, and the company owned
dwellings sufficient ~ accommodate all Of the families
working for them. Between the years 1860 and 1873
s45o,oo0 were expended for buildings and the
best British machinery, all OF which, II Is clamed
made from the profits Of the business In September,
1879 the company failed Tor about 81 200 600 II was
supposed at that time that tho property would sell
for about $500 600 Tho paper held largely by the
banks IN New York. despatch from Philadelphia, in
September, 1873 announced the uspenson OF Benjamin
Buliocks sons IN consequence OF the failure Of the
Glcnham Company. which owed them about 5000 900.
In 1915 the mills and grounds we're sold to Mr. Alex
extensive improvements have been made there. Last
March New York building firm contracted to build
o new spinning mill on the property The building
Of the spinning null Is 10 be 300x60 feet, three
stories high; tho weaving house, 24oxlo2, with
tower; securing building, Of one story, with
skyiights 340x5S; magazine lreproot sorehouse,
135x75 Jour Stories which will require about 600 900
brick the power building l17xl00 one story and base
ment is to contain a steam engine OF 700 horse power
with seven boilers attached each Of 100 horse power
Tor heating purposes, &c. besides two of the largest
sized turbine water wheels; the chimney will be lao
feet high; there will be mediation 5000 tons
Of coal All the buildings are TO be partially hreproof
particularly with respect to attached apartments
nected With the power brick wall IS to be erected
500 eet long by ~ feet fouhdation, taporng upward.
Extensive water gates and waste water ways be
built TO provide against reshct The reservoir Is
a rock foundation, surrounded by concrete walls 80
feet at base terminating ut 10 icct at tho top, aud
capped by heavy blue stone coping
number Of handsome cottages are TO be finished,
Offering accommodations for sixty families. The
ments OF the upper works have already been repaired
and painted. They will accommodate 100 families.
As the village OF Glenham Is being rapidly extended
the coban have ordered slx-nch pipes laid all
the same TO supply tho operatives with pure water.
Frame buildings Tor the boarding and lodging Of 500
laborers and mechanics have been in for
months, and the have been we'll fed at the actual
cost or the food cooked Tho contracts are all to be
completed by November 1, 1876 Gas works are to be
erected TO illuminate both the upper aud the lower
MILL
Five years ago this property valued at So oo0 o0o
and 81 000 90 offered for II and refused. AT The
OF Its sale TO Mr. Stewart said be subject
10 undsputcd mortgages TO the amount OF $740U00,
which we're assumed by the purchaser.
IL was the intention OF Mr. Stewart TO establish at
these mills the manufacture of Administers, body
Brussels and tapestry carpets Hc expected 10 put in
hundred looms, but winter sot IN aud that project
abandoned for the time Twenty looms were
dered Tor tapestries with four pairs Of printing drums
and the required combing and spinning machinery.
Two looms Tor body Brussels purchased and that
machinery placed in position last December II IS re-
ported that Mr.. Joseph Shuttleworth, formerly OF
sheard shuttlcworth Co, OF HALIFAX, and later of
FIRTH Williams X Co., Mills Bridge, Brighaus, Eng
land, is the superintendent
Two pieces Of tapestry from the new mill wcrc re-
ccived by Stewart X Co. few days since.
A mil for the manufacture Of silk piece goods has
been IN operation Tor some time on Duane street, and
the Arm WILL probably, continue that branch OF the
business at the Gicnham mills
The productive power woollens the mills consists
Of thiry-nvs cards, including the great English card
counted MS hree and capable OF turning out total
about 81 $50 zoo worth of goods per The next
Importance are the Utica steam wooicn mills, for
the manufacture of rcpellants. ladies' cash
about $40 900 per annum for each set making total
OF 500 600 worth Of goods for the year There are
about 400 operatives engaged The estimated value OF
the properly is 5000 co.,
The Catskl woolen Company making fancy cassi-
mercs located at Leeds, near CatskilI
cards. capable OF producing about $50 600 worth OF
goods per unnum. The mil property is estimated at
500. eco.
The watervilc Manufacturing Company also located
ut Leeds near Ca,skl and making fancy cassmcrcs.
has ten sets OF cards, that have been running
lower class goods-say $40 COO per year Tor each
set. making total annual production OF about
$looooo This property Is estimated 10 be worth
$1,000
The Washington Mills a, New Hartford, near Uticn,
n y working on fancy cassimeres, have been running
six sets OF cards producing ABOUT $lSoO0o annum
in goods. The null property Is yalued at $c0,ooo
The New YORK Mills, At hoyoxc. Mass, run eleven
sets ot cards producing about $50 v0J each. about
s3s5.oC0 per annum, the property beng valued at
The Yautco Mills, at Fransul n. j., with twelve
OF cards and nln.tysx looms, capable OF produc
ing annually about s420000 worth goods were
bought some insc ago for about >l00c COO They are
valued ai $aLO0'0
Tho Mohawk and Eibmuf Mills, located al Little Falls
y. w. have twenty sets of cards. capable producing
goods 70 the value OF $sooco Estimated value OF
properly. 100000.
The >rison Mills, al Franklin, " j., have five sets
Of cards. turning out about $4,000 Value OF prop
eriy. 500, 200
The Woodward Mills at Woodstock VT with six
sets ~ cars. produce S20 worth OF goods Der
annum and the property l. valued at 500 600 thus g.v
ig total Of Ia sets OF cards and mill property est
mated ~ 81. so, COO
What the actual selling price OF this property womb
be to-day : doubtful mil that cost S0oo,0 10 build
was offered yesterday Tor IL OV0 with bidders.
largo proportion OF the niils now owned BIZ the
irm came into Iis possession by tho III or
the proprclos, who received large advances ON their
goods, and then AFTER the market Tell were Obliged TO
transfer their mills for value received.
The present status OF the nrln be- accurately
determined so lar as 10 the figures amount Of
] Canlta Invested lie haa.d In