Word: kensington
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Dates: during 1940-1949
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Sprawling Kensington, Pa., centre of the U. S. hosiery industry, has seen some sad sights. It has seen its busy mills-where in the palmy days before depression and improved machinery began to displace labor, a good knitter could make $125 a week-oust workers for machines; then close themselves for lack of work...
Flourishing in the early '20s among Kensington's many busy mills was the Westmoreland, one of a chain of mills operated by Interstate Knitting Mills, Inc. Years went by, the machinery in Westmoreland's dingy red-brick building grew old, became outmoded. Last summer Interstate closed the mill. Faced with joblessness, the 500 employes decided to take it over, run it as a cooperative. They borrowed on their homes, cars, signed quick notes, and incorporated as the Hancock Knitting Mills...