Woolen mill

Definition and stakes

Various,  The Century Illustrated Monthly Magazine…

“ A feature which goes far to explain the superior advantage which the worsted industry has over the woolen is that the former is essentially the big capitalist’s field, while the woolen mills are still run to a large extent by people of moderate means. According to the last census report, in 1909 the average output per mill in the worsted industry was nearly one million dollars, which was more than five times as large as that of the average woolen mill. ”
Source: Gutenberg

Nathaniel W. Stephenson,  Abraham Lincoln and the Union: A Chronicle of the Embattled North

“ The story grows uglier as we proceed. Two powerful commercial combinations took charge of the policy of the woolen interests—the National Woolgrowers' Association and the National Association of Wool Manufacturers, which were soon in control of this immense industry. Woolen mills sprang up so fast that a report of the New York Chamber of Commerce pronounced their increase "scarcely credible." So great was the new market created by the Government demand, and so ruthless were the parasites in forcing up prices, that dividends on mill stock rose to 10, 15, 25, and even 40 per cent. ”
Source: Gutenberg

Various,  The Bay State Monthly — Volume 2…

“ The factory of the Fitchburg Woolen Mill Company, in Factory square, has been long established and its products are well known. The company was organized in 1843, but the factory itself has been in existence much longer, being one of the oldest brick buildings in town. It was originally used as a cotton mill, but in 1822 it was made into a woolen factory. ”
Source: Gutenberg

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