Smithville Company Temporarily Closes
Title
Smithville Company Temporarily Closes
Description
The Smithville Company’s ceases production due to being $600,000 in debt. The close puts over 225 individuals temporarily out of work. The Chelsea Bank of Norwich bails out the Smithville Company, allowing it to resume operations in October of 1880.
Source
Thomas R. Beardsley, Willimantic Industry and Community: The Rise and Decline of a Connecticut Textile City (Willimantic, CT: Windham Textile and History Museum, 1993), 9.
Date
1879/1880-05
Contributor
freebairn_richard
Collection
Citation
“Smithville Company Temporarily Closes,” History Digitized, accessed October 24, 2024, https://easternct-digitalhistory.com/items/show/783.