Sale of an Elevator.
Mr. Wm. I. Preston of the late firm Carrington & Preston, has sold his one-half interest in the Union Elevator to Messrs. Failing and Rundell, who will for the future conduct the business. The latter gentlemen are well known to our citizens as energetic, clear-sighted and upright business men, and will, without doubt, achieve the success which attended the firm of Carrington & Preston.
Mr. Frederick T. Carrington, who has been during nearly half a century identified with the commercial and local interests of Oswego, will retire from active business, and will seek that repose which his long and arduous devotion to commercial pursuits has made necessary. Few, if any, of our prominent business men have taken a more active part in all enterprises calculated to advance the interests of Oswego. The Oswego and Syracuse Railroad would, in all probability, have not been built to this day, were it nor for the prompt and energetic action of Mr. Carrington and another prominent business man of this city. The project had encountered serious obstacles, and at one time it was about to be abandoned. Its warmest friends were in despair, and had it not been for the energetic action of Mr. C., and the other gentleman referred to, it would have been abandoned.
Mr. Preston leaves us to engage in business in New York City. IT would be superfluous to say that his going is a loss to Oswego. That fact is acknowledged by all. We may be permitted to say, however, that he takes with him to his new field of labor the heartfelt wishes of all his fellow citizens for success. Mr. Carrington remains in this city, and though withdrawing from mercantile pursuits, he will build this summer a large and commodious dry dock on the west side of the river upon the ground now occupied by his Marine Railway. IT is designed to construct the dock sufficiently capacious to accommodate the largest class of vessels. This work, which will greatly add to our business facilities will probably be completed this summer. We are glad to see that Mr. Carrington is in good health at present, and to note the prospect of many years of health and happiness, which we cordially wish him.