Click image to open full size in new tab
Article Text
NEWS OF REAL ESTATE A Brief Review of the History of the Sprague Property. WHOLE VALUE WAS $20,000,000. wer " the IIV #1 our Out of this Great Property-Improve JUON THON The fact that Cornelius S. Sweetland, Any Mou s1 ensuredg eye jo the ing Sprague creditors their last dividend immediately calls to mind the crash of 1873, and subsequentevents in the history of this once vast estate. The amount of real property once owned by the Sprague family was immense and when William Sprague became Governor of the State of the JO euo Called SUM eq 'GNVISI ядоня conntry. the up uour richest The A. & W. Sprague Manufacturing Company was organized in 1865. Apparent prosperity attended every enterprise this corporation embarked in, and when 1873 JO paule the JO 18.rg our were observed the public was so confident senseids eye 10 street business our up IIV TIME you could they pies ejdoad suqs branches of business and finance were intensely interested in the question whether the Spragues would pull through. but the despoilers of the Cranston Bank and Franklin Institution were in :a far more vital relation to the threatened trouble, ensuredg 'M 28 "V our esnwed turing Company owed these corporations a total sum of $15,000,000. The Cranston Bank then kept open and 8 Payment Joj peron SUM puw cent. interest on deposits, though it was long after the other banks had reduced -vm Masucial whole eque 9 03 and chinery of the Spragues and of these YV The 1873 ug peddoss shall puedens Co 'M equ 'sojou up 000'000'11$ uo pe ban were declared insolvent, these uş that eq IIIM +1 one ne JO used SWM account us tion sale in which certain property which belonged to these two institutions was -v recebver the JO дерло sq JO pesodsip du settle 03 opBa Bajeq ups quem which OM1 these JO subject eqs Jailure. ensuredg the JO thing eqs 3W Jepun Dec. 1, 1873, Zechariah Chafee was -100m ehe pas 018380 eqs JO trustee opeur SWM proprery whole equal JO peep asse min. 01 opens up 0.10M trustee the pus senseres our harmony till 1877. That year the Hoyt heirs (beirs of Susan Hoyt, nee Sprague,) puers their JO JOJ tins 8 usSeq Spraken 'M 28 'V the jo poised Manufacturing Co. property. They atup peep 18n.12 the jo Amplica ehe 1 child jo Court our portion the JO contact our 03 24812 . Buy of the property for the benefit of creditors. The Supreme Court of Connecticut depus 'pioa eye person up eqf HOTTS eye this State. The Supreme Court of RHODE ISLAND upheld the mortgage, and bethe states OM3 our JO courts the the morj Lothing perford children 740H action add to 10 Joquinu 1878 "I ing $4,000,000 of liabilities sued Trustee Chief that ajns shis up SEM 41 Justice Durfee, Judge Potter, Judge Burgess. Judge Matteson and Judge Stiness -doad ene up 1 Пº area елем II" up 'saspnf eur 118-4220 stay " a thought SIUL chellenge 48noqz paw jo their quite petred saspur the JO OM3 лелец SRM ONEO the our of 199 penedoes In 1882 the court agreed that William Comping the 03 THEY " peq onSwidg mills property, but ultimately the Quid4q toys 04 petion SRM equise and quick "IIIIII eye 9881 up pas peap 18TL12 eys SUM nj Charde N anq States, request ug dn Sueids the 04 above ou up resulted they the up resided ***** SRM Company, Union eth JO nots ehe purchase 01 penSpeep that pue equal 01 the creditors should profit from the ready money turned into the trustee's hands. This excited other creditors to action, -180doad several 2881 04 0881 most OS pus tions for the sale of the W hole estate were made. Gen. Butler made an offer of euo conditions certificate Japan 000'009'88 JO g 28 J 4q SRM reno pequnos your os SUM *197 pus 'Allo -JOJ conte you PIP mig the поцм the uo bronkht SUM ecuteind aoj this . 'psum 17 su offers, eye 10 None them. assists whole, were accepted, and so the Union Company went ahead. Trustee Chaffee eq.f. euo 4q euo plants IIIᵐ equal PIOD Are em '000'001$ JOJ PIOS $1111 each 'ue os pun '000'001$ JOJ Property one '000'000$ 18 A beeq puq "HIN '000'009$ 18 Articles eys paw 1888' up PIOS SUM estate ey.L but never delivered to its purchaser. siq through enreads " purchase 01 ремошь SUM puocess -0.1 ISRI they ene JO one yanq. us *[1/2 seq producty eq: 10 preces Rujujed Sweet We JO eq: Japan land, Mr. Chafee dying in 1891. The Baltie Mills in Connec icut, the last large eouo pul 11 special and up plos SUM PIOS 11 pus 0000000 TH POUIRA used peq 11 2892 TOUJ eye designed JOB become fire ruin. After that there were only a few lots of land left in this city up autoine 10 plos beeq ever ***** puw months OM3 1881 ons The whole value of the Sprague estate, according to the trust mortgage deed, has been estimated at $20,000,000. There were liabilities of $14,000,000. There are to-day 125 creditors, and they have received a to. no 000'000'1$ pus 000'000's$ between jo 103 claims Jone JO history the #) up young II" 02 JO superscript(s) 4I enwards OUM uam estate 1 01 especially and which squars the 11º pujm 02 chill Super 3" pus settement #11 up a DATE ehe up 1 Referly useq easy secure sale of the valuable property which berequire eye 04 peSuol 'enueAy I up Depression our Irving avenue is the natural driveway or entrance to Blackstone Park. Probably every one who has driven along Butsq park the enter 03 ensere ler avenue has noticed the depression in the -9AE OMB JO eye 18 punoss nues. Property owners in the vicinicy SI 41 opinion eye jo ere others pus puu depression sign dn III 01 Ainp 8,4310 spusq the "I been SHQ equ up V Accorday one JO 12 usq1 MOTSO si PROP the jo eqs ON punoj SI which roads America at -unoo JO value eqf exhauce roads poof)
