able 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
man to his face, since he still lives, many instances might be cited to
prove that it has not been his policy to get the most out of his
employees for the least possible return. But it is enough to say that he
has no difficulty in keeping men in his employ. Somehow he has hit upon
a plan by which he has kept the irrepressible conflict between capital
and labor at a distance.

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 principl