Business: Straw Hats

The old legal adage de minimis non curat lex never fitted U. S. legal proceedings very well, much less U. S. business. Accordingly, the National City Bank of New York has recently undertaken an analysis of the straw-hat business of this country, shortly to come into its liveliest season.

About $30,000,000 is invested in this country in facilities for producing straw hats, out of a total investment in the hat business of about $100,000,000. Some 300 factories in this country make hats, and 96 of them specialize in straws. Annual output is valued at...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!