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Arthur, T. S. (Timothy Shay), 1809-1885

"The Allen House"

It was
admitted by the executors that the greater portion of the estate was
in the cotton mills. How to get it out was the question.
"I had always understood," said Mr. Wallingford, "that the mills
were chiefly owned in New York."
"The New York interest is large," replied Squire Floyd, in a husky
voice.
"And can be increased, no doubt, to almost any extent, in order to
enable you to withdraw the trust investments" resumed Mr.
Wallingford.
"Why cannot you let it remain where it is for the present? The
investment is safe and the interest sure," said Judge Bigelow.
"There isn't safer security in the state," spoke up Mr. Dewey, with
animation.
"It isn't the kind of security we wish to hold," said Mr. Wilkinson
firmly. "We have given heavy bonds, and prefer to get the property
in a different shape."
Here followed a chilling silence, which was broken by Mr.
Wallingford.
"There is one way in which this can be arranged," said he.
All eyes were turned upon him.
"If it is not convenient to transfer to new parties interests of
such magnitude, we will take, at a fair valuation, the Allen House
and grounds appertaining thereto, including the mill site.


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