Word: cresap
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...company's founders or of anyone else in the cloak & suit trade, President Cresap traces his line back to Maryland in 1710 and thence to Yorkshire, England. He is ashamed of one of his doughty ancestors who was tried for "inhuman activities" in the form of scalping an Indian...
...Amalgamated Clothing Workers, potent supporter of John L. Lewis's C. I. O. Laborite Hillman, who got his start as an agitating cutter in the Hart Schaffner & Marx shops in Chicago, attended the Jubilee banquet, was snapped exchanging toasts with Hart Schaffner & Marx's President Mark Winfield Cresap...
...rotten cutter," chuckles President Cresap...
...During Depression the Hart Schaffner & Marx volume dropped 55% in number of suits & coats, even more in dollars because of the demand for cheaper lines. The decision to enter the low-priced field caused a major management upheaval and cost the company some of its swankier outlets but President Cresap's drive for volume has been successful...
...Stetson Co. swelled its profits from $301,000 to $485,334, while Hat Corp. of America (Knox, Dobbs) reported net income of $923,000 in the year through November compared to $779,000 in fiscal 1935. It was also a good year for clothing. Said President Mark W. Cresap of Hart, Schaffner & Marx in reporting earnings of $484,000 as against $273,000 the year before: "Profits are still small in proportion to sales." Profit margins for American Woolen were even more unsatisfactory, the company's profits dropping from $2,740,000 to $1,929,000. But Manhattan Shirt...