The Bay State Monthly — Volume 2, No. 6, March, 1885Various
History
The Bay State Monthly — Volume 2, No. 6, March, 1885
Various
Massachusetts -- Periodicals; New England -- Periodicals
Aside from his own business, which makes large drafts upon his time,
strength, and thought, he has been closely identified with numerous
other corporate and monetary interests. He has thus had a large share in
contributing to the growth and prosperity of the enterprising city in
which he lives. Its business interests, to a large degree, have enjoyed
his wisdom, and profited by his sagacity. Since 1864 he has been
President and Director of the Fitchburg Gas Company; a Director of
Putnam Machine Company since the same year; a Director of the Fitchburg
National Bank since 1866; a partner in the Fitchburg Woolen Mills since
1877; a Trustee of Smith College since 1878. He is a Director of the
Fitchburg Mutual Fire Insurance Company; a Trustee of the Fitchburg
Savings Bank; a Director of the Fitchburg Railroad; a partner of the
Parkhill Manufacturing Company. Besides these, he has had the settlement
of large and important estates, demanding time, good judgment, and
unbending integrity. We would especially note the large estate of the
late Ephraim Murdock, Jr., of Winchendon, and that of the late Hon. Wm.
H. Vose of Fitchburg. These facts speak for themselves, and show the
esteem in which Mr. Wallace is held by his fellow citizens, as a wise
counsellor, and as a man of integrity and uprightness of character, as
well as of rare good judgment in all matters pertaining to the
transaction of business. Another says, "In whatever enterprise Mr.
Wallace has been engaged, he has not only been fortunate in its
pecuniary interests, but also in the speedy command of the confidence
and respect of his associates. True moral principles have been united
with unquestioned probity, business tact, and liberal, intelligent
management." He has won a large fortune, without parting with his
honesty in earning a single dollar. As his property has increased, his
generous spirit has seen larger opportunities and at once embraced them.
He has not been among those who withhold more than is meet and tend to
poverty. Property in such hands is not a grinding monopoly, but a wide
blessing. Such men can afford to be wealthy. They represent the true
socialistic spirit, which is, that private capital should be held as a
public good.
Largely through the influence of Mr. Wallace various improvements have
been made in Fitchburg, which contribute to its attractiveness. The
business of the city is in no small degree indebted to him for
facilities with which communication can be had with the world outside.
Prominent mention may be made of the beautiful Union Railway station at
Fitchburg in securing whose erection, and in planning which, Mr. Wallace
was largely instrumental.
MR. WALLACE IN POLITICS.
Public-domain text, read in full here on John Shaqi.
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