Word: woonsockets
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Last week Joe Axelrod's personnel department at the headquarters of his textile empire in Woonsocket, Rhode Island was still sorting and classifying the mail as it came in, and he was answering it as fast as he could. Said he: "Holy cats! I never dreamed a story could stir up such a response. One day you're quietly doing business in the same old way; the next you're a national figure with mail and telegrams pouring in from all over the hemisphere...
...have been hearing about the results of the Axelrod story ever since Fred Brown, proprietor of Brown's Drug Store in Woonsocket, got a tip that it would be in the forthcoming (Feb. 2) issue of TIME and ran the following ad in the Woonsocket Call...
...Local man makes good in TIME magazine. Read about Woonsocket's Joe Axelrod in TIME, for sale at Brown's Drug Store...
...newest textile machines, applying the newest techniques, and plowing all profits back into more plants. Joe's aim was integration-enough plants to handle wool virtually from the sheep's back to finished cloth. In 1942 Airedale Worsted Mills, Inc. was healthy enough to take over Woonsocket's Bernon...
...next three years the Axelrods wove the Jeffrey Finishing Co., Woonsocket's Lippitt Worsted Mills and Dorlexa Dyeing & Finishing Co. and Pawtucket's Crown Manufacturing Co. into their empire. Last spring they got control of New Bedford's old, famed Wamsutta Mills (sheetings, broadcloths, specialty fabrics). Joe and his dad, who is treasurer, now have 3,150 men & women (including Wamsutta) working for them, and with last week's buy, they reached Joe's goal of integration...