Knowledge (XXG)

Botany Mills

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In June 1932 Botany Mills formed an independent bondholders protective committee which called for immediate deposits of bonds. The firm had descended into receivership after defaulting on the payment of interest on its bonds on April 1, 1932. The Empire Trust Company served as depositary for the
38:, manufacturer of textiles, which was organized in 1887. It merged with Continental Textile Co., Ltd., in January 1927. Botany Mills continued to have a controlling interest in both Botany Worsted Mills and Garfield Worsted Mills. The company was a key target of the 69:
In October 1948 Botany Mills announced that it would absorb higher raw material and labor costs without raising prices on goods. They maintained prices on wool shirts and pants as well as on their swimming trunk line. However their
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In late 1955, Botany left the textile business and transferred its Passaic plant to an affiliate company, Clarence Worsted. Botany transitioned into real estate, product licensing and cosmetics.
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clothing manufacturer which had produced worsteds for Botany under contract for several years, purchased a controlling interest in Botany Mills.
291: 39: 59: 55: 16: 167: 239: 218: 62:. The company's net loss of $ 2,768,904 for 1929, exceeded the 1928 deficit which totaled $ 1,461,783. 35: 123: 43: 260: 78: 42:, which lasted almost a year. The business is significant for having survived the 71: 219:"Control of Botany Mills is Bought by Daroff & Sons, Clothing Maker" 46:
while continuing to be a leader in its field in the decades afterward.
203:"Botany Mills to Absorb Cost Rise, Hold Spring Slacks, Shirt Prices". 15: 58:
reached a low for 1929 in late September, a month prior to the
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boxer shorts increased in price from $ 6.95 to $ 7.50 retail.
23:(center) in a 1997 photo. The mills are part of the 307:
Defunct manufacturing companies based in New Jersey
297:Manufacturing companies disestablished in 1955 282:Defunct textile companies of the United States 267:Companies based in Passaic County, New Jersey 8: 152:"Botany Mills Has Net Loss of $ 2,768,904". 272:Manufacturing companies established in 1887 25:Dundee Canal Industrial Historic District 93: 99: 97: 7: 302:1955 disestablishments in New Jersey 77:In August 1954, Daroff and Sons, a 168:"Receivers Named for Botany Mills" 54:Botany Mills' stock listed on the 14: 287:1887 establishments in New Jersey 277:Economic history of New Jersey 1: 292:1927 mergers and acquisitions 127:, February 21, 1912, pg. 11. 104:"Form New Textile Company". 40:1926 Passaic Textile Strike 323: 207:. 1948-10-26. p. 11. 108:. 1927-01-04. p. 12. 192:. 1932-06-23. p. 8. 156:. 1930-04-07. p. 7. 141:. 1929-09-28. p. 2. 240:"Botany Quits Textiles" 60:1929 Stock Market Crash 56:New York Stock Exchange 188:"Botany Mills Group". 137:"Broad Street Gossi". 28: 19: 21:Botany Worsted Mills 205:Wall Street Journal 190:Wall Street Journal 154:Wall Street Journal 139:Wall Street Journal 106:Wall Street Journal 50:Corporation history 36:Passaic, New Jersey 247:The New York Times 226:The New York Times 175:The New York Times 124:The New York Times 29: 314: 251: 250: 244: 236: 230: 229: 223: 215: 209: 208: 200: 194: 193: 185: 179: 178: 172: 164: 158: 157: 149: 143: 142: 134: 128: 116: 110: 109: 101: 44:Great Depression 322: 321: 317: 316: 315: 313: 312: 311: 257: 256: 255: 254: 242: 238: 237: 233: 221: 217: 216: 212: 202: 201: 197: 187: 186: 182: 170: 166: 165: 161: 151: 150: 146: 136: 135: 131: 117: 113: 103: 102: 95: 90: 52: 12: 11: 5: 320: 318: 310: 309: 304: 299: 294: 289: 284: 279: 274: 269: 259: 258: 253: 252: 231: 210: 195: 180: 159: 144: 129: 119:Obituary Notes 111: 92: 91: 89: 86: 51: 48: 13: 10: 9: 6: 4: 3: 2: 319: 308: 305: 303: 300: 298: 295: 293: 290: 288: 285: 283: 280: 278: 275: 273: 270: 268: 265: 264: 262: 249:. 1955-12-31. 248: 241: 235: 232: 228:. 1954-08-04. 227: 220: 214: 211: 206: 199: 196: 191: 184: 181: 177:. 1932-03-29. 176: 169: 163: 160: 155: 148: 145: 140: 133: 130: 126: 125: 120: 115: 112: 107: 100: 98: 94: 87: 85: 82: 80: 75: 73: 67: 63: 61: 57: 49: 47: 45: 41: 37: 33: 26: 22: 18: 246: 234: 225: 213: 204: 198: 189: 183: 174: 162: 153: 147: 138: 132: 122: 118: 114: 105: 83: 79:Philadelphia 76: 68: 64: 53: 32:Botany Mills 31: 30: 20: 66:committee. 261:Categories 88:References 72:gabardine 34:was a 243:(PDF) 222:(PDF) 171:(PDF) 263:: 245:. 224:. 173:. 121:, 96:^ 27:.

Index


Dundee Canal Industrial Historic District
Passaic, New Jersey
1926 Passaic Textile Strike
Great Depression
New York Stock Exchange
1929 Stock Market Crash
gabardine
Philadelphia


The New York Times
"Receivers Named for Botany Mills"
"Control of Botany Mills is Bought by Daroff & Sons, Clothing Maker"
"Botany Quits Textiles"
Categories
Companies based in Passaic County, New Jersey
Manufacturing companies established in 1887
Economic history of New Jersey
Defunct textile companies of the United States
1887 establishments in New Jersey
1927 mergers and acquisitions
Manufacturing companies disestablished in 1955
1955 disestablishments in New Jersey
Defunct manufacturing companies based in New Jersey

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