Business & Finance: Shocked Southbridge

At Southbridge (pop.: 14,000), 57 miles southwest of Boston, the Quinebaug River winds across a county line, draws water from Walker Pond and Globe Brook above the town, then drops 165 ft. There the early settlers of Southbridge built a factory which became Hamilton Woolen Co. The wheels of the little factory had hummed without interruption for 104 years when last month they suddenly stopped. One day last week the town of Southbridge was shocked with the news: "Hamilton Woolen is shut down forever!" Earlier that day a little group of elderly, well-dressed...

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