Word: plantes
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Dates: during 1940-1949
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...Providence, R.I. correspondent, TIME'S Business & Finance department had known about Joe Axelrod for some time. As our story said, in nine and a half years he had parlayed a $5,500 investment into an integrated textile empire worth $16 million. When a recent addition of a seventh plant to his holdings completed the integration, our Business editor decided it was time to tell the story...
...Manager of the Trade Department of the Houghton Mifflin Company pointed out that a great many steps lie between the acceptance of a manuscript and the final appearance of the book. Production work requires a great deal of technical experience which is best acquired by starting in a printing plant, he concluded...
...ever before, thanks to the 825 jobs and to the fat bonuses passed out by Lew Reese; in 1946, he gave his workers $705,000 at year's end. But last Christmas, as he prepared to pass out another $423,000, trouble caught up with Lew Reese. His plant burned down, and he had bought no fire insurance...
Instead of getting the bonuses, the townspeople took up a collection of $1,000 to help Lew Reese. Then they went out and helped him clean up the blackened wreckage of the plant. Even Jay Spiker, the town banker, joined in. Said Reese hopefully: "We'll be turning out cups and saucers here in two months' time...
...last week the new plant, with a production capacity of 22,500 dozen pieces a day (11% greater than the old), was ready to open, 64 days from the time Lew Reese made his "two months" boast. One morning at 7 a.m., the opening whistle blew. The erstwhile construction hands went back to their pottery jiggers exactly 15 years from the day when Reese first reopened the abandoned plant...