Word: woolen
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...American Woolen Co., large New England textile manufacturers, had announced a 10% reduction in wages. Other smaller textile manufacturers followed their leader. President Green sent off two identical letters, one to Andrew G. Pierce, President of the American Woolen Co., the other to Robert Amory, President of the National Association of Cotton Manufacturers...
...Coolidge thought the situation serious enough to give his own interpretation of the causes which forced the reduction in wages. He listed: 1) overexpansion of the woolen industry during the War, so that now, with Southern mills producing the coarser fabrics, and the finer ones being imported from abroad, the New England mills are in difficulties; 2) a change in fashions that made worsteds unpopular during the past season...
...sold by men, and we women buy any old fool thing they give us without even asking where it came from. The vested interests of the world are tied up in clothes and so is politics. France sends us silken garments and so we won't wear the woolen things that English mills turn out, and recently we had to gather our cloaks together with our hands, because buttons were not manufactured in France...
...Some weeks ago (TIME, Mar. 2), the new President of the American Woolen Co., Andrew G. Pierce Jr., told stockholders that the company "would devote its time to the manufacture of woolen goods." He is keeping his promise. Last week, he abolished the Company's Department of Labor, which cared for the workers' welfare, published a magazine called The Booster, provided nurses and physicians for the sick, gave all employes' children a free two weeks' holiday at beautiful summer camps. All of these were hobbies of former President William Wood and his son, the vice-President...
Skepticism concerning the future of the American Woolen Co. has for a long time been current among business men generally, and Wall Street stock traders in particular. The resignation (TIME, Sept. 15) of William M. Ward as President, although undoubtedly due to the stated cause of ill-health, aroused further concern. Finally, the annual report of the Company for 1924 appeared as a fitting climax. It showed that the Company had had the worst year since its organization...