. Factory and industrial management . THE SPINNING AND W 1851 the business was consolidated into a close corporation under thename of Cheney Brothers, with $1,000,000 capital. No increaseof capital stock has been made ; there are no reports of dividends, nosales of stock,—nothing save constant growth, peace, and prosperityof all concerned. The lowest estimate placed on the value of thestock by those well informed is four for one ; the highest, seven forone. About 1891, the water-supply being inadequate, the companybought the manufacturing establishments on Hop-brook, tore themdown, and passed
. Factory and industrial management . THE SPINNING AND W 1851 the business was consolidated into a close corporation under thename of Cheney Brothers, with $1,000,000 capital. No increaseof capital stock has been made ; there are no reports of dividends, nosales of stock,—nothing save constant growth, peace, and prosperityof all concerned. The lowest estimate placed on the value of thestock by those well informed is four for one ; the highest, seven forone. About 1891, the water-supply being inadequate, the companybought the manufacturing establishments on Hop-brook, tore themdown, and passed all the head waters of the stream, first into a set-tling basin and filter bed, and then into a 50,000,000-gallon-capacityreservoir, 240 feet above the level of South Manchester. Hop-brookwatershed is in a hilly country almost entirely uninhabited, and the SUCCESSFUL SHOP MANAGEMENT. 275. South Manchester water is of excellent quality. There are othersources of water-supply for some departments of the mills, the watersof a large spring of exceptional purity being led to the dye-houseswhere the more delicate shades are produced. South Manchester isabout two miles south of North Manchester, a station on the NewEngland road ; about i860 the Cheney company built a private rail-
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Keywords: ., bookcentury1800, bookdecade1890, booksubj, booksubjectengineering
