Word: woolen
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Standing head & shoulders above its competitors is American Woolen Co., whose normal yearly sales volume is $100,000,000, chiefly in Ram's Head Fabrics. No other woolen-worsted company in the world approaches American's size, but its dominance is not a prosperous one. Long before general Depression began, American Woolen was having its depression. In 1923 the company earned $6,666,000, not much more than it had made in 1922 and 1921. But in 1924 it lost $6,953,000; in 1929 it lost...
With American Woolen's 1924 reversal came the story that stockholders were disgruntled with the rule of its president & founder, William B. Wood. That year he said he was in ill health, resigned from the presidency. A year later he resigned from the directorate. A year later he committed suicide...
...Ansonia, Conn., eight small boys astounded their parents when, after swimming in the Naugatuck River, they returned home with green hair, green eyebrows, green eyelashes. Cause: dyestuffs dumped in the river by woolen mills...
...Important members of the N. A. M.: General Electric Co., International Harvester Co., Packard Motor Car Co. Mr. Edgerton is also president of the Lebanon (Tenn.) Woolen Mills, trustee of Vanderbilt University, trustee of Martin College (Pulaski, Tenn.), a Democrat, a Kiwanian, a Rotarian, a Southern Methodist...
...France. There U. S. Ambassador Walter Evans Edge who as a New Jersey Senator had consistently voted for all maximum duties, got a bitter taste of the foreign by-product of his party's tariff policy. Last week at a Chamber of Commerce dinner in the Roubaix-Tourcoing woolen district, Ambassador Edge heard this direct threat from a potent French speaker: "European nations stand together on one point-if the United States closes her markets, these countries will consider themselves justified in following the same steps." In reply the Ambassador reversed the usual G. O. P. argument that...