New Bedford, Mass., is a city of some 120,000 inhabitants. Ordinarily, it is a pleasant and prosperous city to live in. Dominating its industrial life, chief support of its storekeepers and its landlords, are, of course, its famed cotton textile mills. And since the War, New Bedford mills have done exceedingly well, declaring cash dividends of over $32,000,000, stock dividends of about half that sum. They employ 35,000 operatives. They produce a high grade of cloth, so high that they are virtually free from the competition of Southern mills.
Only one thing has...
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