Even though it is the biggest wool and worsted fabric maker in the world, American Woolen Co. has been badly scared by the textile depression. Its three-block-long mill in Lawrence, Mass., world's largest worsted mill, is running at about half speed, and its 21 other mills in New England are either running below capacity or have been shut down.
Last week American Woolen President Francis W. White stood up at a chamber of commerce dinner in Lawrence and sternly warned: "Our company is seriously considering moving all its operations out of New England."
White is a rockbound New Englander who still...
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