At Manhattan last week 80 cotton manufacturers warily assembled in the Hotel Biltmore. They were from the 17 states where cotton is fabricated into textiles. They represented virtually one-half of the U. S. cotton industry, which operates 37,000,000 spindles* in 3,000 mills. They were wary because they are traditionally accustomed to "sneaking up on one another" in a commercial wayand hamstringing one another through one another's trade sinews. The New England manufacturers had begun this cutlass-heaving, had grown potent in a commercial way. Southern manufacturers, as they set themselves up...
Business & Finance: Cotton Institute
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