of paper-stock and cotton-waste, which he still carries on. To what
proportions it has grown, under his management, may be judged from the
fact that the business done amounts at least to $200,000 a year.

December 31, 1864, Stephen Shepley, Benjamin Snow, and Rodney Wallace
bought the Lyon Paper Mill and the Kimball Scythe Shops at West
Fitchburg, and began the manufacture of paper under the name of the
Fitchburg Paper Company, Stephen E. Denton was taken into the firm as a
partner soon after. He had charge of the business at the mill. In July,
1865, Rodney Wallace and Benjamin Snow bought the interest of Stephen
Shepley; and the Fitchburg Paper Company was then Wallace, Snow, and
Denton. Mr. Denton died in June,1868. January 7, 1869, Mr. Wallace
bought the interest of Benjamin Snow. January 23 of the same year he
bought the interest of Mr. Denton's estate of his widow, who was at that
time residing in New York. From that date till the present the Fitchburg
Paper Company is Rodney Wallace. He retains the old firm name.

Since becoming sole owner, he has added largely to the original
property. A neat village of dwellings has grown up around his mills,
which deserves a name of its own. Wallaceville would be an appropriate
name. He has put in a substantial stone dam at great expense. In 1878 he
erected a new brick mill, with all the modern improvements, doubling the
capacity of the establishment. It is now capable of producing from
15,000 to 18,000 pounds of paper every twenty-four hours. Just across
the Nashua River is the Fitchburg Railroad. He has a freight station of
his own, where he receives all his freight and ships all his paper.

Mr. Wallace has conducted his business with rare sagacity, with
unblemished integrity, and with an eye to the welfare of his employees,
as well as to his own personal interests. If it were not like praising a