Word: planting
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Dates: during 1930-1939
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Presumably the worst nightmare a Sears catalog man can have is that a Ward man has learned in advance how much Sears is charging for votive candles or alfalfa forks and has underbid Sears by a few cents. To guard against such peeking, at the Chicago printing plant of R. R. Donnelley & Sons Co. (The Lakeside Press), which shares this enormous order with W. F. Hall Printing Co.. the production space allotted to Ward and that to Sears are as carefully separated and shielded from each other as girls' and boys' dormitories in a State University...
...catalogs do not go direct from printing plant to consumer, but to branch offices, of which Sears has ten, Ward eleven. There they are mailed out to old customers, new ones who ask for them...
Last spring 7,000 gloomy Amoskeag mill hands filed into the Manchester Armory, voted by a slim majority to accept $9.60 a week if the plant would reopen. Few days later the flood crest of the Merrimack River wiped out $2,500,000 worth of Amoskeag property, ruined all hopes of putting the plant in operation. Editorialized the Boston Herald last week: "If there is any satisfaction for the unemployed in knowing that they stuck to the ship to the last, these Amoskeag workers have...
...office boy in Amoskeag's Boston office in 1880, rose not only in Amoskeag but in Boston's Old Colony Trust Co. Two-fisted and frugal, Treasurer Dumaine looked a looming 1928 deficit in the eye, turned down a $42,000,000 offer for Amoskeag's plant and assets, promised: "I am ready to do all possible, institute every economy, shoulder every responsibility and stand every criticism, to carry...
...amazement of U. S. textile men, Amoskeag emerged the next year with a profit of $1,065,000. Dumaine had fired every nonessential jobholder in plant and office, cut wages, shaved overhead, started the production of rayon. It was a miracle of retrenchment but, except for a scant $31,000 in 1933, it was Amoskeag's last profitable year. Depression staggered the company in 1930 with a loss of $1,345,000 and during the next five years Amoskeag's losses piled up over $4,000,000. In two years the company paid...