Word: textilemen
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...badges-it is no longer necessary to affect an Oxford accent to get ahead. Some of the new voices have a cockney lilt; from London's own working-class East End come Actors Michael Caine and Terence Stamp, Playwrights Arnold Wesker and Harold Pinter, Television Magnate Lew Grade, Textilemen Joe Hyman and Nikki Seekers. Others breeze in from the coal-mining North Country. There are bluff Yorkshiremen like the P.M. or Actor Peter O'Toole, Albert Finney from Manchester, Playwright Shelagh Delaney, who wrote A Taste of Honey in Salford at the age of 18, and Rita Tushingham...
Clobbering the Taxpayers. But the biggest single cause of the textilemen's woes is the Government support programs for cotton (which still accounts for two-thirds of all the fiber used...
Blaming the Foreigners. U.S. textilemen, so fiercely independent by nature that they seldom agree on anything, are virtually unanimous in their cry for Government help. A clutter of hundreds of savagely competing firms, the textile industry is dogged by the fact that since World War II, Americans have steadily reduced the percentage of their income they spend on clothes. As a result, U.S. production of cotton goods has fallen 2% since 1947, prices have shrunk 3%, and textile jobs have declined from 1,325,000 to 840,000. For the industry as a whole, profits run less than...
...cotton mill. When cottons sagged and real estate surged in 1923, Love sold the plant for $200,000 but kept the machinery. He moved it into a modern plant that industry-hungry boosters built for him in sleepy Burlington, N.C., and he swung into weaving rayon when other textilemen shied away from the crude, newfangled synthetic. The Depression struck, and Love grew rich as customers switched from costly silk to cheap rayon. At 40, he was doing a $25 million yearly business...
...years ago, so many top executives were leaving Burlington that someone suggested that Old Soldier Love establish a separation center. But for all his toughness, even his fiercest competitors call Love "the leader of the industry." They do not always follow his lead. Unlike many anti-import textilemen, Love takes a moderate stand on tariffs, says, "I don't feel we can complain just now, when we have full employment." And unlike many Southerners, he has lifted some Negro workers above the broomstick level, e.g., to research chemist...