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Sign up freeThe Cordele Dispatch
Cordele, Crisp County, Georgia
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Lowell, Mass., cotton mills face high taxes: Pepperell cuts wages 10% for 1400 workers; Appleton to relocate 30-35k spindles and 900 looms to Anderson, S.C., sell others, and shut down part of plant indefinitely.
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WILL COME SOUTH
LOWELL COMPANY SHUTS DOWN
PLANT BECAUSE OF TAXES.
BOSTON, November 1--(AP)--A wage cut in one Lowell plant and decision to close another and remove part of its machinery to the South were announced today. The Massachusetts mills put into effect a 10 percent wage reduction affecting 1400 employees, including the office staff. Stockholders of the Appleton company, meet in Boston, authorized the directors to expend $780,000 to move a part of the mill machinery from Lowell to Anderson, S. C., and to erect new buildings at Anderson.
Want Lower Taxes
The Pepperell Manufacturing company, operating the Massachusetts cotton mills, gave as a reason for his wage reduction the necessity of cutting operating expenses if the plant is to be maintained in Lowell. In a further effort to obtain lower taxes officials of the company will confer on Wednesday with city officials and representatives of the Lowell Chamber of Commerce. The Pepperell company also operates mills at Biddeford, Me. President Charles Walcott of the Appleton company said that some of the 75,000 spindles and 1,500 looms which will remain in the Lowell plant after the removal of between 30,000 and 35,000 spindles and 900 looms to Anderson would be sold to escape taxes. He saw no immediate prospect of operating at the Lowell plant again. He cited unsuccessful attempts to induce the Lowell assessors to reduce taxes.
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Location
Lowell, Massachusetts; Anderson, S.C.; Boston
Event Date
November 1
Story Details
Massachusetts cotton mills in Lowell announce 10% wage cut for 1400 employees due to high taxes; Appleton company to move part of machinery to Anderson, S.C., and sell some to avoid taxes, with no plans to reopen in Lowell.