Joseph H. Axelrod, 31, was one of the first New Englanders to have a telephone in his automobile. He needed it. As boss of six textile mills in four cities in Massachusetts and Rhode Island, plump, hustling Joe Axelrod made the rounds every day, and he liked to keep in touch. Last week, Joe Axelrod added a fifth city (Providence) to his tour, a seventh plant (the Damar Wool Combing Co.) to his holdings. Even for a young man who likes to keep moving, Axelrod had moved far. In 9½ years he had parlayed $5,500 into an...
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