. The Paisley thread industry and the men who created and developed it, with notes concerning Paisley, old and new . Coats Mitx in St. PETEnsiniio, Russia. have invariably supported the Coats case, and one by one, atgreat trouble and expense, these interlopers were ultimatelyexposed and interdicted. When a policy of high protection was adopted by the UnitedStates, Messrs. Coats erected mills at Pawtucket, in RhodeIsland State—between 1870 and 1883—under the managementof the eldest son of Sir Peter Coats, now Sir James Coats, Bart., 52 The Paisley Thread of Auchenclrane, Ayrshire ; and these mi
. The Paisley thread industry and the men who created and developed it, with notes concerning Paisley, old and new . Coats Mitx in St. PETEnsiniio, Russia. have invariably supported the Coats case, and one by one, atgreat trouble and expense, these interlopers were ultimatelyexposed and interdicted. When a policy of high protection was adopted by the UnitedStates, Messrs. Coats erected mills at Pawtucket, in RhodeIsland State—between 1870 and 1883—under the managementof the eldest son of Sir Peter Coats, now Sir James Coats, Bart., 52 The Paisley Thread of Auchenclrane, Ayrshire ; and these mills have now grown tobe as large as those at Paisley. But the Paisley production never slackened. New marketswere found^ and, in cases where high duties stood in the way,. Coats Mill ik PRESsnuiiG, Hungary. mills were erected abroad. Thus considerable establishmentshave in recent times been opened in Russia, Germany, Austria,Hungary, and Spain. A further step forward was taken in 1890, when the businesswas transformed into a Limited Liability Company, with a capitalof ^5,750,000, and the prospectus states that the average annualprofits for the previous seven years had been ^^426,048 13s. gd. The Coats Firm 53 Two-thirds of the shares and stock were issued to the pubHc, thecustomers of the firm and employees receiving due prosperity of the company has since been marvellous, andthose investors who retained their shares found, in a few years,
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