Word: amoskeag
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Dates: during 1930-1939
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...Amoskeag mills at Manchester, New Hampshire, once the largest, textile unit in the world, formerly employed eight thousand men. Terribly hit by the depression and southern competition, the mills were just getting back on their feet when labor troubles set in. Now only fifteen hundred of those eight thousand are being employed, by Pacific Mills, and Lewis says he is out to help these fifteen hundred. If he really has the interest of the workers at heart, let him regard the deserted buildings of the once great. Amoskeag Company as a grim reminder of what can happen...
Huge along the Merrimack River banks at Manchester, N. H., the biggest cotton textile mill in the U. S., silent since last September, was ordered liquidated in July (TIME, Aug. 3). Sale of the fixed assets of Amoskeag Manufacturing Co., which once employed 18,000 Manchester workers, was set for mid-October and notices of the auction went up on Amoskeag's long string of buildings. Last week these notices were taken down amid more whoops of civic satisfaction than Manchester had heard for months. From the hazards of auction sale and the hands of Boston trustees, the property...
Ever since Amoskeag closed down last autumn leading Manchester businessmen have worked hard to get the mills going again, under the same or different management. In the event of a knockdown sale these gentlemen apprehended mighty Amoskeag converted into junk, providing neither jobs for Manchester workers nor business for them. Fortnight ago a citizens' committee headed by Manchester's onetime Mayor Arthur Edmond Moreau decided to buy the plant themselves, sell all or any part to manufacturers who would guarantee...
Incorporating last week as Amoskeag Industries, Inc. Manchester businessmen received from Public Service Co. of New Hampshire a subscription of $100,000, from New Hampshire Fire Insurance Co. another $100,000, from local banks and private commitments enough to enable them to hand over to the liquidating trustees in Boston a check for $500,000 as 10% payment on an agreed price of $5,000,000. In addition to its first $100,000, Public Service Co. of New Hampshire promised to pay Amoskeag Industries $2,250,000 for the hydro-electric power plant which had driven Amoskeag looms and spindles...
...bond-holder's suit, still pending, which argues that a court in Massachusetts has no jurisdiction over a New Hampshire firm. If this contention should be upheld in the autumn, Manchester citizens fear that more months of legal bickering would delay the start of new enterprises in the Amoskeag mills. Ever since the mills closed a Manchester Citizens' Committee has been trying to find purchasers or lessors for all or part of the Amoskeag plant...