Business: Woolen Goods

Busybodies tried to make Partner Thomas William Lament of J. P. Morgan & Co. say last week that his concern intended to buy up the American Woolen Co., dominant producer of its field. Vexed, he replied tartly: "We are not interested in any shape or form in the American Woolen Co. We don't like making formal denials of reports like these, because such denials are sometimes misunderstood as being ungracious, but that is the simple fact."

The reports have grown since William Wood, organizer of the American Woolen Co., committed suicide last year (TIME,...

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