Word: cottons
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Dates: during 1930-1939
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...Ninety percent of the country editors in Minnesota are living back in 1880 (mentally) and should be plowed under along with Secretary Wallace's surplus cotton...
...gained newspaper fame as publisher of the Manchester Union and Leader which he still owns. While he was there last week his papers carried the saddest dispatch they had ever printed. In Boston 55 miles away a Federal District Court ordered the immediate liquidation of Amoskeag Manufacturing Co., biggest cotton textile mill in the U. S. and Manchester's principal industry...
Early last summer Amoskeag began closing down, mill by mill. By last September every gate was locked, every worker on the street. As dust gathered on Amoskeag's 20,000 cotton looms, the citizens of Manchester endured a bad winter, a cheerless spring. Amoskeag workers who had been getting $13 a week from the mills were thrown on relief at $2 per week with $1 more for each family...
Amoskeag's tragedy was not enacted in one short year. Beginning in 1922 the market for Amoskeag's coarse cottons, ginghams, denims and flannels shrank rapidly as the new market for rayons grew. More & more cotton mills were opened in the South, with a tremendous competitive advantage in labor and freight costs. Amoskeag's sales fell from $56,000,000 in 1920 to $28,000,000 in 1928; its production from 223,000,000 yd. of cloth in 1912 to 100,000,000 yd. in 1928. In 1927, when it looked as if Amoskeag would have...
Today 80% of the country's cotton spinning is done outside of New England. ... No management is competent to operate a plant like this, handicapped with existing wage differentials. No management could by any ingenuity overcome the $2.56 average labor differential . . . particularly fatal to us, as we have no mills in the South. . . . [Our problems] are beyond the power of the management to solve...