Business: Amazing Amoskeag

To the 10,000 New Englanders who work in the great Amoskeag cotton, wool and rayon mills at Manchester, N. H., came last week two welcome announcements: 1) All disputes about last winter's 5% bonus have been adjusted; 2) The company will assume responsibility for its employes' deposits in the $11,000,000 Merrimac River Savings Bank which recently closed its doors (TIME, June 23).

It was amazing, not that the bonus dispute should be settled, but that a bonus should be paid at all. For many years

New England textiles have been notoriously ailing, unable...

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!