Word: woolen
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Dates: during 1950-1959
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...heard from the bicycle people, the candy, the textiles, the woolen industries, and the fishing companies," groaned Massachusetts' Democratic Representative Thomas P. O'Neill last week. He was not alone. As the U.S. House of Representatives moved toward consideration of President Eisenhower's liberalized foreign trade bill, protests against it rolled in from the Twisted Jute Packing & Oakum Institute, the Amalgamated Lace Operatives of America, the Cherry Growers & Industries Foundation and hundreds of other interests seeking to hang on to tariff protection...
...them, he had pocketed profits that should actually have gone to Textron. Little settled the suit by paying $600,000 back to Textron. A year ago, he lowered his head at the thickest stone wall of his career: he started a fight to 1) take over money-losing American Woolen Co., the largest U.S. maker of woolens and worsteds, and 2) merge it with Textron...
...good causes, by his fellow board members, as New York City's president of the Board of Education. Born in Rumania, Silver was brought to Manhattan's East Side slums before he was three, at 15 went to work as an office boy at the" American Woolen Co. for $2.50 a week, rose to become vice president at more than $100,000 a year. A man who has been known to raise as much as $2,000,000 at a single banquet ("I always eat at home first"), he has had a career that equals anything in Horatio...
TEXTILE MERGER between Textron Inc., American Woolen and Robbins Mills (TIME, Aug. 16) has finally been approved by the directors of the three companies. Textron will be the surviving company, but will change its name to Textron American Inc. American Woolen stockholders will exchange their preferred stock for Textron bonds and their common for Textron common at the rate of one share of American for two of Textron. Robbins stockholders will exchange one share of common for one share of Textron common...
...town of Petrieville, Mich., the second son of a wholesale-produce man. (Curtice's older brother, LeRoy, has been an hourly-paid paint-and-metal inspector at G.M.'s Fisher Body plant since 1936.) After graduating from high school, Curtice worked for a year in a local woolen mill, saved up enough to go to Big Rapids' Ferris Institute. To pay his way, he worked as a short-order cook in the Blue Front Cafe. Eager to get on in the world, he quit Ferris after two years, moved to Ma Kelleher's boarding house...