Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-07-18
ENFORCED |DLENESS.
Amoskeag Mills to Close
During August.
INABILITY TO SELL GOODS.
What the Agent Of the Corporation
Has to Say on the Matter.
INABILITY TO SELL GOODS

MANCHESTER, n. II, July Ia-Thers was
feeling OF the deepest despondency In
Manchester last night. The big Amoskeag
corporation, the largest producers Of
manufactured cotton in the world. posted
notices Informing It's thousands OF opera
ttves that all of its immense plant will
shut down during the month Of August
ibis action was taken by the directors
of the Amoskeaa Manufacturing company
dssstood that the directors have had some
such steps Ia view for some time. but have
postponed IL until the last moment, hop
Ing that conditions would improve In
stead the outlook kept growing steadily
verse aud worse, and goods were being
piled up In the storehouses, for which there
was absolutely no demand.
IL was thought that with the coming of
the summer nonths she jobbers would
begin to order Tor the fall trade, but this,
too,
Proved . broken Reed,
and the directors finally had the absolute
neoessity for heroic action forced upon
them.
Agent Herman r. Straw stated that the
only reason n the condition OF the market
There is absolutely no trade, and yet
every day we run we are piling MP goods.
] certainly thought that with the opening
OF the fall trade business would be better,
and the goods would commence to move
on, but suoh has not been the case.
Our fortnightly pay roll IL 100000, or
5000 for the month. I want to say,
though, that tho fact that this amount
will not be paid out by tho Amoskeaa
next month ought not 20 strike terror 20
the heart OF any business man, or be the
cause OF any financial depression In Man
chester.
"At tbe time Of the great nywheel aooi-
dept the operatives Of the AmoskeaQ coS-
poratiop lost as much money through on.
forced idleness as they will lose by next
months shutdown. Also at the time OF
the big strike on this corporation the
operatives and eventually the business
men, lost practically t9Oo0o0 80 you ssa
Manchester has weathered fast a bsd
financial gales In the past, and there 10 not
the slightest cause for alarm on the part
OF anybody.
And there Is snothsr thing 10 take into
consideration In this matter, that Ia
Which Was the More Humane
10 keep the mills running and sst suoh q
stock ahead that It would be I'm possible
TO sell IL off without a shutdown next
winter, or To shut down nowi Many Of
our operatives are ont now on vacations.
and many more want them A rest Of
Two weeks during August will benefit
them, and they won't have to lie idle only
= fortnight more than they would like"
Hon. @. Byron Chandler, the only resi-.
dent director Of the Amoskeag corpora
ton, saids
II do not think that all OF the machinery
will be shut down-only that portion OF
II which is producing goods for which
there IL absolutely no sale think q good
many OF the operatives will have work
right through the month.
If there Is any improvement in the STU
alton the mills Will start up again before |
the month is over. We had a tremendous
amount Of goods on hand, and the only
thing left for as TO do was to stop. The
acs may have the direct result Of creating
, demand for our products"