Word: amoskeag
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Dates: during 1940-1949
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...high-collar areas of Boston, Frederic C. Dumaine flaunted an open-shirt background, cussed a blue streak, and walked with a bearlike roll. But by many a shrewd and ruthless financial coup, he climbed to the top of Boston's moneyed oligarchy, bossed the Amoskeag textile mills, once the world's biggest. Last week, at 82, shaggy-browed, alert Frederic Dumaine was in the midst of the biggest coup of his career...
...Master's Voice. Dumaine had learned his financial footwork from a master: Boston's late Thomas Jefferson Coolidge,* who dominated railroads, banks, and the Amoskeag mills at Manchester...
Dumaine went to work for Coolidge at 14 as a $4-a-week office boy, and became his protégé. Sent to Amoskeag to work in the mill, Dumaine became boss, ran it for 30 years. When the mill, short of cash, collapsed in the depression, Dumaine was raked over at a congressional hearing for the way he had run the company. But Dumaine was already busy with another baby: the Waltham Watch Co. He had bought control in the 1920s when the company was run down, and made it tick. Until recent years, when he began cutting...