The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1916-10-27
COOPER MFG.P PLANT.
MAY BE SOLD TO
NEW COMP ANY.
Kenosha, Wis.,, Parties Have Op-
ton on the Business
WILL REMAIN IN BENNINGTON
If the Sale Takes Place Mr.. Cooper
Thinks It viii Mean Increased
Growth of the Business.

It lOIlONlliG opNNldl lis 1SFdbNh
from Kenosha, Wis, appeared in the
burlington Free Press Thursday:
Kenosha, Wis, Oct 25.-The or
ganization of a great syndicate for the
manufacture and marketing of hosiery
and underwear was completed here
today and announcement is made Of
the incorporation OF the Black Cat
Textiles company, whose officers and
sales offices will be in Kenosha and
which viii control a number of i'm
portant plants for the manufacture of
hosiery and underwear in this and
other cities of the country.
The new organization is incorporat-
ed in the State OF Delaware with a
capital stock of $S,O0O,0O0 and it is
announced that it is to be financed by
Kenosha men. Charles Chester AL
len, who has been the president of the
Chicago Kenosha Hosiery company in
Kenosha, and under whose manage
ment the company has built up
great business is to be the president
OF the new syndicate.
Announcement is made that the
company has today purchased the
plants of the Chicago Kenosha Hosi-
cry company In this city, with a CAPT
tai stock of $500 600 and known as the
largest stocking making plant in the
world, employing more than 1,400 peo-
pie. and also the plant of the Cooper
Manufacturing company at Benning-
ton. VI, company with capitol
stock OF S5O0,OOO. which employs more
than zoo operatives.
AT a meeting of the stockholders OF
the Chicago Kenosha Hosiery COM
pany, held this morning, the formal
transfer of the plant to the new syn
dicate was made and the deal for the
purchase of me big eastern plant was
consummated at the same time. The
Black Cat Textile company win take
possession of the Kenosha plant at
once anG Il will take over the plant
at Bennington early in November.
A. J. Cooper, the president and
Manufacturing company returned
Thursday evening from a business
trip to New York and states that the
foregoing dispatch is somewhat pre-
mature as the Kenosha parties have
not yet closed the trade but that they
have notified him that they expect to
within a few days,
They have been to Bennington sew
eral times and have gone over the
business here thoroughly and have an
option which has some time to run.
Mr. Cooper did not know all the de
tails of the plans of the knew com
pany, but is assured that if the sale
is completed it will be the biggest
thing in an industrial way that has
happened for the benefit of Benning-
ton for many years
The new owners will continue the
business here and plan to enlarge and
increase it in the future. They are
already considering big new mill
here and an increase in the manufac-
turing capacity Of the plant. They
have ample capital and complete
selling organization OF their own and
are prepared at the start to handle all
the goods that the local plant can pro-
duce
It the deal goes through there will
be no change in the local manage
ment of the local plant for the pres
ent anyway. Mr. Cooper and Super
ntendent James Z. Burke will remain
in charge and the present employees
will be retained.
The Cooper Manufacturing com
pany was started in a small way 80
years ago and has grown from small
beginnings to be the largest manulac-
turing concern in this part of Ne.
mont. 1t now employs nearly zoo
people and the payroll is the most i'm
portant factor in the prosperity of
Bennington