Fall Rivers' Industries

82 HISTORY OF FALL RIVER
tion of the corporation . It now has 65,40 0
frame spindles and 1,848 looms, of which 73 2
are more than 32 inches in width. Th e
number of hands employed is 600, and th e
weekly production 10,000 pieces. The di -
rectors are Leontine Lincoln, Joseph A .
Bowen, William Beattie, Stephen A . Jencks ,
William R. Warner, J. T. Lincoln and William
N. McLane .
The Tecumseh mills were incorporated i n
1866 by Augustus Chace, James W . Hartley,
John P. Slade and their associates, with a
capital of $350,000, in shares of $1,000 each ,
reduced i n 1877 to $62,000 . A five-stor y
granite mill, 196x72, was erected on Hartwel l
street. A large addition was built a fe w
years later and in 1872 a second mill, 200x75 ,
was constructed on Plymouth avenue, fol -
lowed in 1895-96 by No . 3, 310x100 feet . Th e
plant now has 75,824 frame spindles an d
1,806 looms, of which 934 are more than 3 2
inches wide. It employs 600 hands and ha s
a weekly production of 12,000 pieces . Augustus
Chace was the first president, Isaac B .
Chace treasurer, and Augustus Chace, Jame s
W. Hartley, Louis L . Barnard, Lazarus Bor -
den, Jonathan T . Lincoln, Cook Borden an d
Danforth Horton, directors . Augustus Chac e
was president until 1886, when he was succeeded
by Jerome C. Borden . Isaac B. Chace ,
the first treasurer, was followed by 'Simeo n
B. Chase, and in August, 1882, by Frank H .
Dwelly. The directors are Jerome C . Borden,
Simeon B. Chase, Leontine Lincoln ,
George H. Hills and F . H. Dwelly. Robinson
Walmsley is superintendent . The capital
was increased May 14, 1906 from $500, -
000 to $750,000 .
The Davol mills were organized in 186 6
and incorporated the following year. Th e
capital was fixed February 3, 1868, at $270, -
000 .
A five-story brick mill, about 300 feet long
by 73 feet wide, was erected, and the manufacture
of shirting, sheeting, silesia an d
fancy fabrics begun. In 1871 the director s
were authorized to build an addition to con -
tain about the same number of spindles, an d
this addition was placed at right angles wit h
the original mill, so that the plant now form s
two sides of a quadrangle .
On May 1, 1878, by vote of the stockhold -
ers, the capital stock was increased to $400, -
000. This increase was not successful .
On December 18, 1879, the capital stoc k
was reduced from $400,000 to $2,700, an d
on the same day increased from $2,700 t o
$400,000. On May 7, 1888, the capital stock
was reduced from $400,000 to $100,000, an d
at the same time increased to $300,000 .
June 24, 1890, the stock was further in -
creased from $300,000 to $400,000 .
The mill now has 11,008 mule spindles, 33, -
664 frame spindles and 1,240 looms, of whic h
1,094 are more than 32 inches wide . It em -
ploys 380 hands and produces about 4,00 0
pieces of plain and fancy goods weekly .
William C. Davol was president from 186 6
to 1882 ; Jonathan Slade from 1882 to 1883 ;
F. S. Stevens from 1883 to 1885 ; A. B. Sanford
from 1885 to 1892 ; Frank L. Fish from
1892 to 1903. W. R. Chester has now bee n
president since 1903 .
William C . Davol, Jr., was treasurer fro m
1866 to 1878 ; F. S. Stevens from 1878 to
1883 ; C. M . Slade from 1883 to 1885 ; B. W .
Nichols from 1885 to 1887 . George H . Hills ,
the present treasurer, has occupied this office
since 1887 .
The directors now are : W. R. Cheste r
N. J. Rust, C. R. Batt, J. J. Hicks, W. S .
Granger, F. L. Fish, S . B. Chase, G. S. Eddy .
Richard G. Riley is the superintendent .
The Richard Borden Manufacturing Company
,was incorporated in 1871 with a capita l
of $800,000. Richard Borden was president ,
Thomas J. Borden treasurer, and Richar d
Borden, Philip D . Borden, Thomas J. Borden
and A . S. Covel directors. The first mil l
was erected in 1872, and the No . 2 in 1889 .
The mills have 80,688 frame and 15,36 0
mule spindles, and 2,529 looms, of which
2,295 are over 32 inches. They employ 74 5
hands and have a weekly production equivalent
to 15,000 pieces of print cloths, nearl y
all wide goods and fancies . The capital o f
the corporation has remained unchanged, except
that in 1889 it was reduced to $675,00 0
and again increased to $800,000 by paymen t
of $125,000 . On the death of Colonel Richard
Borden, in 1874, his son, Richard B . Bor -
den, was elected president and continued in
office until 1876, when his brother, Thomas
J., resigned as treasurer . Richard B. took
that position, and Thomas J . was made president.
He was succeeded as president o n
his death, in 1902, by Edward P . Borden ,
of Philadelphia. The present directors are
Richard B. Borden, Jerome C . Borden, Richard
P. Borden, Rufus W . Bassett, Edwar d
P. Borden. Alexander Makepeace is superintendent
.
The Shove mills were organized in th e
spring of 1872, largely through the efforts o f
John P. Slade, Charles O . Shove, George A .
Chace and Joseph McCreery, and chartered