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

Digital Windham

Citation

“Smithville Company Temporarily Closes,” History Digitized, accessed October 24, 2024, https://easternct-digitalhistory.com/items/show/783.