Potomska Mills Corporation

Potomska Mills Corporation

Brand: Ghosts of Wall Street
SKU: 6942
4.50 USD In stock Buy at Merchant

Product Details Company Potomska Mills Corporation Certificate Type Capital Stock Date Issued February 17, 1897 Canceled Yes Printer Not indicated Signatures Hand signed Approximate Size 9 1/2" (w) by 6 1/2" (h) Images Show the exact piece you will receive Guaranteed Authentic Yes Additional Details NA Historical Context Potomska Mills was founded in New Bedford, Massachusetts in 1872, becoming the second major textile firm in the city. Wamsutta was the city's original textile manufacturer. Potomska was financed by local businessmen who also had stakes in Wamsutta. The company produced a coarser cloth that did not compete with Wamsutta's finer products. New Bedford quickly became an ideal location for the the country's burgeoning textile industry. Besides offering a humid climate that optimized textile processing, the city had an excellent harbor for the delivery of coal to power the steam engines fed by the city's extensive fresh water delivery system. Textile companies owned their own wharves to reduce transportation and wharfage fees. Related Collections

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