The Providence news. (Providence [R.I.]) 1891-1906, 1892-07-01

Business and Financial.
Senator Eugene Hale of Ellsworth, ex-
Gov. Daniel f. Davis and William Engel
OF Bangor, have purchased three and
ne-hali miles OF the south part OF the
town of Edinburg, opposite Passadum-
keag, Me. This tract contains II, 900
acres of very valuable old growth hem
stood to be $4,000, which Is a very high
price, but It is accounted for by close
proximity to the market.
One year ago Wednesday Alley Bros,
Il Place, one OF the largest feather firms
OF Boston, failed with liabilities OF $780,
coo. Recently the firm gave notice to its
creditors to present their claims for pay
m, ment in full with interest at per cent. mt
general uncertainty in the leather trade,
and to the temporary depression OF values
In large properties which they held,
which have since appreciated In value.
Wednesday the firm sent out the checks
which represented to the creditors the
final payment OF 100 cents on the dollar
with interest.
At meeting Wednesday, the 22nd, of
the stock holders of the GOODWIN Gas
Stove and Meter Co., Philadelphia, 1t was
decided to make an assignment to pre-
vent the appointment Of a receiver for
the company, application for which was
threatened by New York firm, which Is
q heavy holder OF the company's paper:
with capital OF si5o, 900. subsequently
this amount was increased to 900
The capital, IL In claimed, is all paid in.
A big gamble In the 1892 tobacco crop
to be grown in the Connecticut valley has
already set in -Rnports- -AhoM- that in
several OF the leading tobacco growing
towns Of Massachusetts and Connecticut,
the planters have already contracted to
sell this years crop at from 25 to 30 cents
per pound. These are very high prices,
and the fact that they are offered before
the plants are set out In the field presages
much excitsment In the tobacco market
later on.
Alta meeting OF the Beverly, Mass,
board of trade building soc.ation the
contract for building the large brick fac
tory for Woodbury. Bros. was awarded.
This factory will be of brick and will be
5Sx263 feet, and Ave stories high. twill
contain two towers six stories high. The
power house will be n separate building
30x5o feet, and contain 400 horse power
engine. Seven hundred hands will be
employed in the fectory. II In to be
completed IS days after the foundation is
laid.
There is no material change among the
locked out granite workers on Cape Ann.
Some of the other men have left for other
fields OF labor. The Rockport company,
which had about 500 men employed be-
fore the strike, has now about 100, most
OF them unskilled workmen. The Pigeon
Mill Company which had 800, now has
about rs. Those at work are larely Ital-
ians who, the lockout men say, have been
imported to fill their places.
yVfilord \ UfIlord Ya-t.
formley co-partners, under the firm
name of Willard Lewis q Company, the
insolvent Walpole, Mass, manufacturers,
having Liabilities OF about 5000, Satur-
day flied In the Norfolk registry, at
Dedhan, composition offer Of one per
cent to their creditors.
At meeting OF the Granite Manufac-
turers' Association Tuesday, 21st inst, as
Concord, N. H., vote was passed expell-
ing William II. Perry, who on Monday
signed n bill of prices with workmen, who
resumed work at his yard.
The board of directors Of the westing-
house Air Brake Co., Tuesday, the 2lst,
declared the regular five per cent quarter
ly dividend and fve per cent extra, maxi
ing ten per cent in all, payable on the
tenth proximo.
Educational Items.
At the annual meeting Of the Brown
University corporation the past week the
following trustees were elected to fill
vacancies: VIM. v. Kellogg, Baptist;
Jonathan A. Chase, Friend; Cornelius 8.
Sweetland, Episcopal.
The following were elected members of
the faculty: Walter Cochrane Bronson.
A. NJ, professor OF rhetoric and English
literature in Depauw University, Indiana,
associate professor OF English literature.
James Roth, A. M, professor OF philoso-
ply in Dalhousie College, Halifax, N. s.,
was elected associate professor of natural
theology on the Elton foundations; Irv-
ing j. Manatt. Phi. d., Ii. d., late cham
cellor OF the University of Nebraska, pro-
fessor OF Greek literature and history.
III. Il. Hill, ESQ.,, executor OF the estate
OF the late Edwin Conant OF Worcester,
Mass, has paid to the treasurer OF Har-
vnrd University nearly S96 900 due that
institution as the residuary legatce. IL is
probable that a dormitory bearing Mr..
Conant's name will be erected with the
money.
At the annual meeting OF tho Brown
alumni the following officers were nomi-
mated to serve during the year: Presi-
dent, Andrew j. jennings; vice. -presi-
secretary, Stephen q. Edwards: treasurer
Zacha-iah Chaffee; executive COMMITTEES,
Arnold Greene, John 8. Brayton. Geo. 5.
Collins, Charles NJ. Smith and Nathaniel
r. Davis.
Agricultural Matters.
The 10th annual report OF the New
Hampshire state board OF agriculture
made to the Governor and council, has
just been issued. The work Of the board
during the year was briefly summarized,
as follows: Institute work in the several
counties OF the state; advertising sum
mer resorts; securing the occupancy OF
abandoned farms; tho -suppresring 81