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Hathaway Mills
The Hathaway Manufacturing Company was a producer of cotton textiles founded in New Bedford, Massachusetts in 1888 by Horatio Hathaway, a China trader and whaler in the Pacific. History By 1917, the Hathaway Mills would grow to contain 108,000 ring and mule spindles and 3,400 looms for the production of fine cotton goods, for which the humid seaside location of New Bedford was well suited. In 1955, Hathaway merged with Berkshire Fine Spinning Associates of Adams, Massachusetts, and became known as Berkshire Hathaway. By the 1960s, Berkshire Hathaway had declined to seven plants and 6,000 employees, but still annually produced one quarter of a billion yards of material that sold for more than $60 million. The assets, and a sizable amount of cash on the balance sheet, caught the eye of Warren Buffett, an up-and-coming but little-known investor from Omaha, Nebraska Omaha ( ) is the largest city in the U.S. state of Nebraska and the county seat of Douglas County. Omaha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hathaway Mills
The Hathaway Manufacturing Company was a producer of cotton textiles founded in New Bedford, Massachusetts in 1888 by Horatio Hathaway, a China trader and whaler in the Pacific. History By 1917, the Hathaway Mills would grow to contain 108,000 ring and mule spindles and 3,400 looms for the production of fine cotton goods, for which the humid seaside location of New Bedford was well suited. In 1955, Hathaway merged with Berkshire Fine Spinning Associates of Adams, Massachusetts, and became known as Berkshire Hathaway. By the 1960s, Berkshire Hathaway had declined to seven plants and 6,000 employees, but still annually produced one quarter of a billion yards of material that sold for more than $60 million. The assets, and a sizable amount of cash on the balance sheet, caught the eye of Warren Buffett, an up-and-coming but little-known investor from Omaha, Nebraska Omaha ( ) is the largest city in the U.S. state of Nebraska and the county seat of Douglas County. Omaha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berkshire Hathaway
Berkshire Hathaway Inc. () is an American Multinational corporation, multinational conglomerate (company), conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float (the retained premiums) in a broad portfolio of subsidiaries, equity positions and other securities. The company has been overseen since 1965 by its chairman and CEO Warren Buffett and (since 1978) vice chairman Charlie Munger, who are known for their advocacy of value investing principles. Under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt. The company's insurance brands include auto insurer GEICO and reinsurance firm General Re. Its non-insurance subsidiaries operate in diverse sectors such as confectionery, retail, Rail transport, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Textile Mills In The United States
Textile is an umbrella term that includes various fiber-based materials, including fibers, yarns, filaments, threads, different fabric types, etc. At first, the word "textiles" only referred to woven fabrics. However, weaving is not the only manufacturing method, and many other methods were later developed to form textile structures based on their intended use. Knitting and non-woven are other popular types of fabric manufacturing. In the contemporary world, textiles satisfy the material needs for versatile applications, from simple daily clothing to bulletproof jackets, spacesuits, and doctor's gowns. Textiles are divided into two groups: Domestic purposes onsumer textilesand technical textiles. In consumer textiles, aesthetics and comfort are the most important factors, but in technical textiles, functional properties are the priority. Geotextiles, industrial textiles, medical textiles, and many other areas are examples of technical textiles, whereas clothing and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In New Bedford, Massachusetts
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Mills In New Bedford, Massachusetts
The city of New Bedford, Massachusetts once had about 70 textile mills, operated by 28 establishments with over 3.7 million spindles at its peak around 1920, and was among the leading cotton textile centers in the United States during the early 20th century. There are currently about 18 mills left in the city.The Story of Cotton and Its Manufacture into Cloth in New Bedford, 1937 Existing mills Non-extant mills See also *List of mills in Fall River, Massachusetts *List of mills in Holyoke, Massachusetts *List of mills in Oldham References {{Reflist History of Massachusetts New Bedford New Bedford (Massachusett: ) is a city in Bristol County, Massachusetts. It is located on the Acushnet River in what is known as the South Coast region. Up through the 17th century, the area was the territory of the Wampanoag Native American pe ... Mills New Bedford ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wamsutta Mills
Wamsutta Mills is a former textile manufacturing company and current brand for bedding and other household products. Founded by Thomas Bennett, Jr. on the banks of the Acushnet River in New Bedford, Massachusetts in 1846 and opened in 1848, Wamsutta Mills was named after Wamsutta, the son of a Native American chief who negotiated an early alliance with the English settlers of the Plymouth Colony. It was the first of many textile mills in New Bedford, and gradually led to cotton textile manufacturing overtaking whaling as the town's principal industry by the 1870s. Wamsutta Mills became well known for producing fine quality shirtings, sheetings and other fine cotton products. The Wamsutta name continues to be used as a brand today, marketed by American retailer Bed Bath & Beyond in North America and Brazilian textile conglomerate Springs Global in South America. History Planning and raising funds The Wamsutta Mills were conceived by Thomas Bennett Jr. of nearby Fairhaven, Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Omaha, Nebraska
Omaha ( ) is the largest city in the U.S. state of Nebraska and the county seat of Douglas County. Omaha is in the Midwestern United States on the Missouri River, about north of the mouth of the Platte River. The nation's 39th-largest city, Omaha's 2020 census population was 486,051. Omaha is the anchor of the eight-county, bi-state Omaha-Council Bluffs metropolitan area. The Omaha Metropolitan Area is the 58th-largest in the United States, with a population of 967,604. The Omaha-Council Bluffs-Fremont, NE-IA Combined Statistical Area (CSA) totaled 1,004,771, according to 2020 estimates. Approximately 1.5 million people reside within the Greater Omaha area, within a radius of Downtown Omaha. It is ranked as a global city by the Globalization and World Cities Research Network, which in 2020 gave it "sufficiency" status. Omaha's pioneer period began in 1854, when the city was founded by speculators from neighboring Council Bluffs, Iowa. The city was founded along th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warren Buffett
Warren Edward Buffett ( ; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net worth of over $100 billion as of November 2022, making him the world's sixth-wealthiest person. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring to and graduating from the University of Nebraska at 19. He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing pioneered by Benjamin Graham. He attended New York Institute of Finance to focus his economics background and soon after began various business partnerships, including one with Graham. He created Buffett Partnership, Ltd in 1956 and his firm eventually acqui ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adams, Massachusetts
Adams is a town in northern Berkshire County, Massachusetts, United States. It is part of the Pittsfield, Massachusetts Metropolitan Statistical Area. The population was 8,166 at the 2020 census. History Nathan Jones purchased the township of East Hoosac at auction in 1762 from the state for £3,200. In 1778, the town was officially incorporated as Adams, named in honor of Samuel Adams, a revolutionary leader and signer of the Declaration of Independence. Much of the land had been subdivided into and lots. These were mostly farms with frontage on the Hoosic River, which over time would provide water power for woolen, cotton, lumber, and plastic mills. First settled in 1745, North Adams was originally part of Adams until the town split in 1878. Although there has never been a town of South Adams, the name was used prior to 1878 to specify the southern part of the town that had long had two primary centers, and survives in the name of the South Adams Savings Bank, which was in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hathaway Side
Hathaway may refer to: Commerce * Hathaway Manufacturing Company, a predecessor of Berkshire Hathaway, an investment vehicle * Berkshire Hathaway, a holding company * A brand of dress shirts, formerly made by the C. F. Hathaway Company in Waterville, Maine Places *Hathaway (Tannersville, New York), listed on the NRHP in Greene County, New York * Hathaway, Louisiana * Hathaway, West Virginia *Hathaway Academy The Hathaway Academy, formerly the Grays School Media Arts College (TGSMAC or Grays School), is a Mixed-sex education, coeducational, Comprehensive school, non-selective secondary school with Academy (English school), academy status that is loca ..., Grays, Essex, England Other uses * Hathaway (surname), including a list of people with the name See also * Hathaway House (other) {{disambiguation, geo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berkshire Fine Spinning Associates
Berkshire Fine Spinning Associates () was an American textile company, founded in 1889 as Berkshire Cotton Manufacturing Company in Adams, Massachusetts in Berkshire County, Massachusetts. History The first mill built by the company was Berkshire Mill No. 1 in Adams. In June 1899, President William McKinley laid a cornerstone for the "new mills" of Berkshire Cotton Manufacturing, but was forced to cut his visit short by his wife's illness. By 1917, the company was capitalized at $2,500,000 and contained over 260,000 ring and mule spindles and 6,500 looms for the production of cotton textiles, making it one of the largest cotton textile companies in the world. In 1929, Berkshire merged with the Valley Falls Company of Rhode Island, and became known as Berkshire Fine Spinning Associates. Its head was Malcolm Greene Chace of the influential Chace family of New England. Malcolm's descendants (his son Malcolm Jr, and grandson Malcolm III) would run the company until 2007. In 1930, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Bedford
New Bedford (Massachusett: ) is a city in Bristol County, Massachusetts. It is located on the Acushnet River in what is known as the South Coast region. Up through the 17th century, the area was the territory of the Wampanoag Native American people. English colonists bought the land on which New Bedford would later be built from the Wampanoag in 1652, and the original colonial settlement that would later become the city was founded by English Quakers in the late 17th century. The town of New Bedford itself was officially incorporated in 1787. During the first half of the 19th century, New Bedford was one of the world's most important whaling ports. At its economic height during this period, New Bedford was the wealthiest city in the world per capita. New Bedford was also a center of abolitionism at this time. The city attracted many freed or escaped African-American slaves, including Frederick Douglass, who lived there from 1838 until 1841. The city also served as the primary s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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