Narrative History
BEGINNING OF
THE SLACK MILL
The Slack
Shoddy Mill was started in 1871 by W. H. H. Slack (brother of John T. Slack) and
C. Ellison. The company was named Slack & Ellison. This mill was located just
west of the falls bridge.
Mr
Ellison sold his interests in the mill in 1875 leaving W. H. H. Slack to
continue ownership of the mill by himself. In 1883-1884 a Mr C. D. Brink
joined W. H. H. Slack. In 1887 Slack made a large addition to the mill to meet
the demands for their product. In 1894 another large addition was made to the
mill resulting in making it one of the best mills in the country for the
manufacture of shoddy. The mill was now employing 25 people. Business was
excellent through the 1893-1894 depression. So good in fact that a night shift
was started to keep up with demand.
JOHN T.
SLACK JOINS FORCES WITH W. H. H. SLACK
In 1889
John T. Slack joins forces with his brother W. H. H. Slack and becomes a partner in
the mill. The company was now named W. H. H. Slack & Brother. In 1904 John T.
Slack decided to retire leaving the mill in his brothers hands.
In 1907
John T. Slack entered the textile business again together with his nephew Mr A.
C. Bowman. They opened a competing shoddy mill. Then, in 1911 the two mills
were merged.
Thursday,
January 8th, 1891 The Springfield Hydro-Electric Co. was organized
that evening. Adna Brown, F. Barney Jr., W. F. Hazelton, Wm H. H. Slack and Wm
H. H. Putnam were elected directors and C. E. Richardson, E. C. Burke and Geo.
F. Leland auditors for the first year. Power poles were to be placed in winter
and
arrangements were made to commence business early in May. The capital stock of
$15,000.00 is all taken up. (See Springfield Reporter Jan 9th, 1891.)
Mr Frank
Ridlon, Nerw England agent for the Brush-Swan Electric Light Co. came to town
conferring with local businessmen regarding an electric light plant for
Springfield. After canvassing the village, subscribers were secured for
100 lights. If 225 lights could be secured an electric generating plant
would be
installed with a capacity to power 300 lights.
W. H. H.
Slack purchased the shoddy mill property of Barney & Brown and replaced
the old water wheel which was worn out with one taken from his fertilizer
factory works located in North Springfield.
The work
on the new dam for the electric light generating station was actively underway by
a large and competent force of men. It was a substantial structure when
completed. On the East side of the river a large 18-foot deep hole was found
which had to be filled with a crib work of logs and then be weighted down
with tons of rock to make a firm foundation for the eastern end of the dam. A
force of men were employed in blasting and breaking the boulders in the river
for filling the crib and a tramway was built for the wheelbarrow gang to take the
rocks down to the dam. (See Springfield Reporter August 6th, 1891.)
Blasting
the rocks below the falls bridge has continued this week and tons of broken
stone have been dumped into the foundation crib of the dam for the electric
light station. Forcite powder was used and the results are very satisfactory.
About a dozen men are employed on the entire job under the supervision of a Mr
Waite and te dam grows in size every day. The dam is a log structure built upon
whis is known as Cob House fashion all securely fitted and spiked together and
dowelled down to the ledge.
The boiler
room at the electric light station has been covered this week. The excavation
is now being made for the penstock from the from the calal to the water wheel.
See Springfield Reporter August 14th, 1891.
The W H H
Slack & Bros have purchasedthe old Springfield Toy Co’s plant and will use it
for their carding machinery. The shoddy mill eill be blown from their pickers
in their present works through iron tubes to cards in the new location. The
business of this enterprising firm has tripled within two years and growing.
They are the largest receivers and shippers of frieght in the town. See
Springfield Reporter May 24th, 1895.
The big
boiler for the Slack Brothers was unloaded at Gassetts Thursday and started on
its way to Springfield on two big wagons with 12 horses pulling on it. About a
mile above North Springfield one wheel gave out and the job had to be left for
the night. The work resumed the nextd day It will go through Main street.
Across the lower bridge, around Mineral street to the shoddy mill; as the bridge
across the falls is not considered strong enough to cross there. See
Springfield Reporter Oct 2, 1896.
The
Springfield electric Company is changing its water wheels for more improved
patterns that are expected to develop 40 to 50 more horsepower than the old
wheels. See Springfield Reporter 16th, 1896.
THE MERGER
On August
12, 1911 John T. Slack, W. H. H. Slack, and Albert C. Bowman filed Articles of
Association with the state of Vermont with a Capital Stock of $200,000.00
divided into 2,000 shares of $100.00 each. On Aug 14, 1911 papers were recorded
and the combination of these mills became the John T. Slack Corporation. John
T. worked very hard and built up the business to hold a position leading the
industries of the country in re-worked wool.
Papers
again were filled out Sept 13, 1922 by John T. Slack and A. C. Bowman then filed
and recorded Oct 3, 1922( File 112-2160). The corporation will be dealing in
wool, cotton, rags and all other materials used in the manufacture of cloth and
all other kinds of waste material, and manufacturing and sell cloth and shoddy
for the purpose of acquiring, using and renting steam and water power, and for
the purpose of owning and holding real estate for said business. This time with
a capital stock of $1,000,000.00 divided into 10,000 shares of $100.00 each.
On
February 5th 1922 Colonel W. H. H. Slack died of pneumonia at the age
of 78.
The
company amends their articles of association(File 112-2160) making John T. Slack
President and Albert C. Bowman Clerk.
The first
week of January, 1923 the John T. Slack Co went through a drastic
reorganization. It was based on John T’s desire to retire. John T. retired
from active business, selling his interest to A. C. Bowman who was to carry on
the corporation of the John T Slack Corporation. Stock was offered to the
employees of the mill. The stock paid dividends only rarely and eventually
became worthless. The mill was hard hit during the depression. See Springfield
Reporter January 4th, 1923.
Business
had become very competitive. So on August 3rd about 80 mill employees
went out on strike in protest of an 8% wage cut. The strike lasted only two
days. At the end of this strike strikers had either been rehired or replaced.
See Springfield Reporter August 6th, 1925.
In June of
1927 an unidentified New York clothing manufacturer had visited Springfield to
have discussions with the Chamber of Commerce about locating a factory to
manufacture pants. Hence this factory became known as the pants factory.
Estimates were this pants factory would employee about 70 people(mostly women)
and would occupy the now vacant building belonging to the shoddy mill and
maintain the same high wage standards as other industries here.
More
information about this proposal came out shortly. This pants factory was named
Southern Vermont Mills Inc and coincidently shared two officials from Slacks.
Frank E. Dunning of Springfield was the President and John Hyatt also of
Springfield being the Clerk. Both were from the John T. Slack Corporation.
Shortly this new firm started installing new machinery. By December
production had started producing boys clothing. The firm employed 40 women. The
negotiation process had started for more space in the building across Park
street, formerly known as the Corliss hardware store. The Corliss store had
just gone out of business and its stock purchased by LaFountain, Woolson & Co.
Discussions had started about a proposal to exempt the Southern Vermont Mills
from taxation. Questions about this pants factory concerning its value to the
community were a topic of discussion. There were alleged sweat shop conditions
and wages were said to be from $9.99 to $12.00 a week. After a half hour of
discussion this exemption was granted. See Springfield Reporter. March 8, 1928
& The Springfield Town Acts, VI, p 242-246.
On Aug 26,
1929 the articles of Association were amended(File 112-2160) with A. C. Bowman,
president and F. R. Adams Clerk of the John T. Slack Corporation, with a capital
stock of $1,000,000.00 divided into 10,000 shares of $100.00 each, recorded on
Sept 3, 1929.
On Feb 19,
1934 it was voted by the holders of 4940 shares the same being more than
two-thirds of the entire 7,000 shares of the stock on the John T. Slack
Corporation outstanding and entitled to vote to amend its articles of
association to read as follows:
We, the
subscribers, hereby associate ourselves together as a corporation, under the law
of the state of Vermont, to be known by the name of the John T. Slack
Corporation for the purpose of dealing in wool, cotton, rags and all other kinds
of waste material, and the manufacture of cloth and all other kinds of waste
material, and manufacturing and selling cloth and shoddies; for the purpose of
acquiring, using and renting steam and water power; for the purpose of acquiring
or constructing an electric lighting plant, and selling and manufacturing
electricity for light, heat and power; for the purpose of manufacturing and
selling steam for heat or power, and for the purpose of owning and holding real
estate and other property necessary and proper for said business at Springfield,
Vt.
Its
capital stock shall consist of and be 10,000 shares of common stock without par
value. These amendments were recorded and filed Feb 23, 1934.
Again; on
Feb 19, 1934 the stockholders voted by holders of 4795 shares, the same being
more than two-thirds of the 7,000 shares of stock to amend its articles of
association to read as follows.
We, the
subscribers, hereby associate ourselves together as a corporation, under the law
of the state of Vermont, to be known by the name of the John T. Slack
Corporation for the purpose of dealing in wool, cotton, rags and all other kinds
of waste material, and the manufacture of cloth and all other kinds of waste
material, and manufacturing and selling cloth and shoddies; for the purpose of
acquiring, using and renting steam and water power; for the purpose of acquiring
or constructing an electric lighting plant, and selling and manufacturing
electricity for light, heat and power; for the purpose of manufacturing and
selling steam for heat or power, and for the purpose of owning and holding real
estate and other property necessary and proper for said business at Springfield,
Vt
Its
capital stock shall consist of 9,000 shares of common stock without par value.
1,000 shares of preferred stock of par value of $100.00 each. Holders of such
preferred stock shall be entitled to receive dividends at the rate of $7.00 and
no more per annum on each share, payable quarterly on the first Monday of
January, on the first Monday of April, on the first Monday of July, on the first
Monday of October, in each year, out of the net earnings of said corporation
before any dividends shall be paid on the common stock, and such dividends shall
be cumulative, so that any deficiency in the dividends to be paid on such
preferred stock in any year shall be paid out of the earnings of any subsequent
years before any dividends shall be paid on common stock and upon final
liquidation of the corporation and distribution of its assets, holders of the
preferred stock shall be entitled to receive all arrears of dividends on such
stock and the par value, $100.00 before any distribution and payment to holders
of the common stock. So long as the said dividends on the preferred stock are
earned and paid, holders of such stock shall not have voting rights. Dated Feb
26, 1934. Albert C. Bowman, president, F. R. Adams, clerk. Filed and recorded
March 8, 1934.
The firm
reclaimed old wool to produce at its zenith 800 different grades of reworked
product. The company became known as the John T. Slack Corp., and in the 1930s,
gained recognition of being one of the world's largest shoddy mills.
Unfortunately, the new synthetic fabrics cut into the business and company
finances prompted it to declare bankruptcy in 1952.
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