-.
- (Continued from Page One.)
‘ a“ grow up he would make hats in
... stats Norwelk. And louth Nerwoih
”id have paved streets like New
jerk City.
' m happened in 1310.
The boy's name was John
Unlike the plane moot boys make
“I their future. his were always
woven into the life of hls~holno
town, Ito wanted to become identi-
ded with it. to grow with it. He has
naiised his dream.
lie began as an errand boy in one
of the town's hat factories when he
was seventeen. Today he is presi-
,. ‘ dent of the Crofut a Knapp Coin-
Dlllhtho oldest and largest batters
bf South Norweik: one of the oldest.
largest and most renowned manu-
lecturers of hats in the country.
Under the general management
and direction of John Cavensgh its
output has grown to six hundred
dossn hats per day. amounting to a
busine- of six million dollars per
~ year. Under his direction the com-
.~ pany founded and developed those
. . unique fashion shops. the Dobbs'
. stores of New York City. Southamp-
ton and Florida. In August 193‘ it
. erected a modern. scientifically
: equipped factory at a cost of one
gallon. five hundred thousand dol-
Iargely through the growth and
industry promoted by this factory
John Cavenagh has seen prosperity
come to South Norwalk. Today his
home town has its paved streets.
' also its five hundred thousand dollar
hospital. which he personally was in-
_ ‘mmehtsl in building. And to his
'J great satisfaction the town now has
f. a population of thirty-dye thousand
as contrasted with the five thousand
it had when he was seven years old.
" Young Now Past Sixty.
Mr. Cavanagh is a young debonair
gentleman. inst past. sixty. with a
ruddy face. a crown of very white
hair and very bright blue eyes. lie
carries himself with splendid dig-
nity. Complementing’that dignity
in acomaraderle of manner which
goes far toward establishing the
good fellowship that radiates from
his presence.
"Every one calls him by his first
nuns."- one of his man told me
proudly. “A customer came in re-
cently. and in the course of our
conversation sold apologetlcaliy. 'I
suppose I should say Mr. Cavanngh.
but. do you knew I hadn't known
him half an hour when I was call-
ing him John'.”
Another characteristic not to be
overlooked is his genius for style.
When he puts on a bet it becomes
a personality.
“What arovthose-racks of .hpts
doing'l’n here?" I asked the morning
"flat in Mr. Cavanagh's omcc wait-
ing for him to come in. I could
scarcely find a place to sit down.
There were hats on the mahogany
desk. bets on the chairs, and racks
-.ot hats abbot the room.
7 , "Oh they haven't been Cavanaghed
"yet." his secretary answered.
Later I saw what he meant. As
Mr. Cavanagh talked to me he would
V‘take a hat from this or that lot.
.,poi_se it on the end of his finger.
i look at it as an artist does his can-
. was, put it on. turn the brim down
..slightly. or roll it up as he might
fancy. Then some one would stick
a head in the door, and he would
‘ any. "This brim has no style. Make
‘ it an eighth of an inch narrower."—
and—“Put a pearl band on this he ."
and so on. Each lot of hats goes
7 to blue for the stamp of his (artis-
j. tic) approval.
‘ . " KisPhilosopby.
night there seems the place to give
' John Cevanagh's philosophy of life.
with his gift for artistic expression.
8' has formed the keystone of his
' He told it to me in one
' word. that came out- with a vigor
that was almost a shout. “WORK."
Then he showed me a quotation.
. 'Icamoscrossthisefewyears
' ago." he said. “It expresses ex-
actly what I mean. I always have
it where I can see it."
. The quotation was from something
- by Henry Van Dyke.
This is my work. not my doom.
fit all .who live. I am the one by
. whom
This work can best be done in my
a is this spirit of regarding work
e'privllogo to be accomplished in
rinle'ldual way that has made
“ Gavenagh one of the most
WI and inspirational figures in
the industriai world today.
If. Cavensgh is one of six child-
’ . no bad a happy. ielly child-
marrod by only one thing. the
was something might happen to
rancher. "I’d run home from
" ‘_ tosce if shewas all right."
flo-
ne'er cccumd to me to be-
uything but a better." he
'. .. 1 "netting was the only
~ 1; ,0" town. Every boy
“.30! go to college went into
Melts Nellie lb! Himself.
It seems the place because. coupled or
school. but daring the W voca-
tioaofmytah'dyoer.iikeeiltho
boys in my close. I.wantod to make
money. I not out soiling a glass aloe-
onring cup to the housewives of the
community. I made a lot of sales
and felt quite proud of myself until
the time came for delivery. Ninety
per cent. of tho oupa were aociden -
ally smashed in freight transit! l
was heart-broken. I took the whole
ones to customers from whom I
know I would receive cash. The first
home I visited was that of Wiulanl
A. Brown of the William a. Brown
hat factory. I delivered the cup to
hire Brown and told her my story.
she was very empathetic and sug-
gested that I should go to work for
Mr. Brown. .
[is I'll" Job.
"Crofut I Inapp s the lending
factory in the town and the goal of
smbitious boys. I had always hoped
to learn the trade there. However.
I realised that I had a slim chance
of gotting in. They wore a union
shop and took on only four appren-
tices a year. The Brown factory was
independent. I talked it over with
mother. and the next do! I accepted
Mrs. Brown's offer.
"My first fob was stoking the fires
which heated the clues for the fin-
ishero' irons. Now these slugs are
electrically heated. But in those days
iron blocks were heated in furnaces.
and then fitted into the hollow irons.
Many a time I stayed out all night
at a dance and wont to the factory
in my evening clothes to build the
fires. I had to start them at six in
the morning so that the slugs would
lie hot by the time the men came
to work at seven.
“When I wasn't stoking fires 1 ran
errands. By the time the summer
was over I had a pretty fair idea
of how hats were made. And I dc-
clded I might as well stay on and
learn the trade instead of going back
to school..
That fall John Cavanagh went to
work at the bench.
"I not only learned how to make
hats in William A. Brown‘s factory."
said Mr. Cevanagh. “I also learned
a lot about human na ure. Due to
the fact that this fee cry operated
independently. the men were odds
and ride. all kinds and all nation-
alitle some geniuses. some not al-
together savory. Working ‘neat to
me was a big. good-naturpd Irishr
man whose simplicity and kindness
were beautiful. I remember how
surprised I was one night when I
found a policeman about to arrest
him as the ring leader in a drunken
brawl. I hired a hack and took him
home. The next day two detectivei
from Jersey came to the factory and
took him away as a murder suspect.
He wasn't the man they were look-
ing for. but he was an example of
the type of men I came in contact
with." _ .
I asked Mr. Izevsnsgh how he ac-
counted for the fact. that he had
made steady progress instead of ao~
curing the vagabond qualities of his
fellow workmen.
Stayed Outside 'Ilcnt.
His face broke into its quick.
genial smile. “Well. for one thing.
I ‘stayed outside the tent.“ In those
days most hettcrs drank. Even
though! was just a kid. it didn't
take me long to see that if you drank
you didn't get ahead. We used to
so on to county fairs together. Most
of the men would immediately make
for the beer and stronger drinks.
But a few of us would form a coterie
of our own and wait for the”cthers
outside the tent.
“th mother‘s influence was large-
ly responsible for this. She and I
were great pals. Thanks to her. by
the time I was twenty-one years old
I had saved five thousand dollars.
and I had become an expert in the
lob requiring" the greatest skill in
but making. I had become a. curl-
"In those days all! hats were uni-
versally worn. The highest art was
that of curling the brims of derhies.
Today when not many derbies and
relatively few high hats are worn the
curler is much less important than
when I finished my apprenticeship.
Then the curler styled the hat. Stiff
hat brim. are accurately trimmed.
Then they are curled by hand with
the aid of tools celled shackles to
turn the brim. It is this hand curl-
ing that gives distinction. Just as
the characteristics of a person are
reveeled by his deeds, so the shared.
teriatics of a curler come out in the
brims of his hats. If he is accurate,
so are his brisu. if artistic. the hat
becomes a creation."
new lists are Indie.
Few of us have any idea of the
processes necessary before the for
of small animals becomes the hat
on our heads. most of us think. if
we think at all. that a hat is out
out of a straight piece of felt. It
deesnotoccurtousthatfeithss
to be made. In fact many is
probably do not realise that felt. or
at least batter's felt. actually is a
thick mat of light animal hair set
-3; g. 1:
53? ,gg5
‘55::
x
‘n,
gym-w“ Was-w nos—w .,.. .
“0
President of Crofut db Knnpp. whose risc from thc bench to hem! Ill. company is onc
&
‘ names smooth
... w WM...
AN ARTIST
~0-
a
; are“. D -. *‘» -- v" “ .
W
l
o
JOHN C AVASAG II
of Amcrican Illisini'as.
of (“0 real rulllmlccu
Thus felling was discolored.
Fur of itself will not felt. Early
batters, mindful of St. CIEmenl'n dls~
covery cf the action of body acids
on for. pcrfcctcd what is known in
the trade as a "carrot." a solution of
mercury dissolved in nitric acid. All
the fur used in but making is given
a bath in this solution in order to
open the scales or barbs of the fur
fibers and cause them to adhere to
each other. ,
Saxony Here.
The best hats are made from Sax-
ony here. No hat. however. is made
entirely from one for. Because of
the different working properties of
the various grades of fur. hats are
made up of mixtures. according to
the kind and quality desired.
"Now let me show you a pretty
sight." said Mr. Cavanagh.
He took me into a long room and
showed me the mixed fur fed into a
blowing machine for a final thorough
cleaning from hair. The machine
consists of several sections with an
arched roof of a fine. wire mesh. As
the fur is fed into one end a current
of air catches it and tosses it from
section to section like a cloud of
whirling feathers. The hair which.
is heavier than the fur drops to the
bottom of the sections. and the clean
fur comes out between a pair of roll-
era in a loose bat.
“Come on. I'll show you a trans-
formation." he said.
Again I followed. this time some-
what gingeriy. for he led me up a
flight of narrow steps and along a
single narrow board “platform where
I could look down into the forming
machine. I saw enough for for one
not fed into the machine where con-
trolled air currents collected it on a
perforated copper cone in a thin
dim. This was the transformation;
For when the film was removed. the
fur became a cone-shaped hat-body
tWo and a half times larger than the
finished hat.
After a hat body is formed it is ,
ready for the emcessive steps of
airing. dyeing blocking. finishing,
shaping. and trimming. each a spe-
reonlring skilled workmen.
Each of these processes John Cava-
sag’h learned thorongb' -. When he
reached the choice position of a curl-
or. during his fourth year with Wil-
liam A. Brown. he had left no gaps
in his equipment.
His first ambition to rise higher
than a curler was kindled when Mr.
We told him that his work es-
csilod that of any 1°urneyman's at
Grant d5 Knapp‘s. Crofut a Knapp
was known to have the best skilled
E
ry became. a
n Cavensgh
made only one bill a day and bad to‘I salary of five
sell it on the sirccl corner hr- would i year. (In III-l sirellgill
thousand dollars a
of his one
go in business for Illil'illf‘lf. The good 1 Rlli‘i‘l‘lfi’Mr. t'm'nllulzh u- nl. In Mr.
want". he recal'xcll. hounvrr.
llllll fl'om’c-mbrl king on this \'l"l"-
lure for llle lime ill-inc. lie was a
quick worker and being puid by the
plcce. he often corned his Itil dul- this folio“ '.' He would do snmclhlvllz.
k4 his Kmpp
illlfI l'lcmllmc-lulv-l a young
llllill \l‘husu ”\‘v-“Il‘f‘ salesmanship
fnr rl local but factory hurl lllll'uclcd
his flllf'niifln. "Why dall'l you hire
u
lars a day and was able to take part he mid Mr. Knapp. .‘iir. Knapp do.
of the afternoon off.
As a matter of fact. he never did.
Hot away to start his own business: progress," came m"
‘murrmi and advised caution.
"Yes. be cautious and milkn liillo
lllldfllllll-‘d rc-
Hc found himself becoming inlemlc-l NV-
ly interested in the problems of re-
hebilltntion that were facing the
company. There was lack of organ-
Iantion. The spirit of the older men
had been broken by the year of
strike. The late-James Ii. Knapp.
than the head of the firm. recogn-~
the valiant and dynamic spirit of this
youth as a valuable asset. Inside of
three months he made John Ca-
vnnagh foreman of tile curling do-
partmcnt.
‘ of James Knapp
Then came years of rigorous lram~
ing under Mr. Knapp whom
Cavangh characterizes as “a
leader of mull. dominant. inspira-
tional. and a great influence in my
life." Now that John Cnvanagh had
i
l
l
i
i
M r. l
real .
?
mastered the details of bat manu-..
facture. he not himself to the mas--
tery of other phases of the hat busi-
nose.
The company thought that it
could rebuild its strike losses nimva
on its old and. honored reputation.
With this .10 Cavnnngll did not
agree. He was merely a foreman. but ,3
' 'uhosis that ain‘t.' By ‘ghosts that
he expressed his ambition.
“I won't be satisfied." he said.
”until I see this factory running
every working day of the year."
Hailing at best had been a season—
al industry. And since the strike the
slack season had become longer than
over.
His first step toward realizing his
ambition was to make a list offhe
clients v'hcm Crofut it: Knapp had
lost as a result of the strike.-
“What has )wpcned to those no-
ple?" he asked.
"They still exist." Mr. Knapp an-
swered semantically. with the pride
of an aristocrat who cannot solicit
favors.
The young foreman said nothing
more. He tilted his but at a raklsh
angle and his bright blue eyes a
“brighter blue with the nest of anti-
eipated conquest. he set out for New
York. He went to see the most im-
portant of Crofut d: Knnpp's tamer
customers.
A “lloligh Customer
"I wouldn't buy a hat from your
concern this side of hell." the for-
mer customer told him.
John Cavanagh bowed. "At any
rate I should like to have the plea-
The sure of contact with you." he replied
pleasantly. He went to New York
frequently. and each time he drop-
ped in for a casual call. but he
didn't mention selling. It wasn‘t
long before the batter asked him out
m to lunch. He accepted. Soon the Inn.
boon engagements became a re-
lar thing, Each time his best in-
sisted that he would never again
buy from Crofut d: Knapp. Each
time the young man laughed and
changed the subject,
.“I knew he would exhaust him-
self if he kept up his opposition long
enough.” said Mr. Cavanagh. "And
he did. One day out of a clear sky
he gave me a large order. Today’he
b one of our best customers."
this experience confirmed John
tho W in his conviction that more
‘ should be ..given to the
”Monument. Crofut dl Knapp
then M one salesman at a
l
l
I-llllcr R. A. Holmes
The upshot was that Mr. Knapp
pensioncd his old salesman and hire-
mi tho Iiliill John Cilvallngh rcconb
lncildcd- a Mr. Ii. Ilullni-s. Today he;
i.-‘ ll! illc Ili‘ild of Hit! i'ruflli A" Kllllpp.’
mics form which has
manly-five men.
At the time Mr. IIolmcs uns hired.
lllo regular selling territory reached
1.: far west as Omaha. lefore the
s'rIkn the company had sold Call.
lorllla to some extent. but. only
through jobbcrs. And iron that
undo had fllllcll off considerably.
Enlhuscd by his success in New
York. John Cavanngh persuaded Mr.
Kllnpp lo give him time off from the
lrlctory and said him to California
on n selling trip.
"I had a wonderful time in the.
train." said hir. Cavnnagh. "But
when I got to my hotel room in Los
Angeles. I suddenly realized that l
was it long way from home and than
i didn't know a thing about selling
lnls. And right then I was beset by
Brown It)
nin't‘ I mean the fears. the hesita-
iions we put on ourselves that keep
us from getting the best out of
things. My ghost that ain't was the
fear that I could not talk hats con-
linclngly. For a time it had me. as
the results showed.
Porter Plays Ills Role
"The next day I visited the hat
slcros. but I couldn't get any of the
proprietors to come to the hotel to
me my samples. They were tied up
with olhcr companies. they said. This
situation kept up for several days.
Finally I made up my mind to slay
my 'ghost that alni.’ In desperation
I took the negro porter up to my
room and showed the samples to
him. At last 1 was going over my
line with some one. And as I talked
hair. my confidence returned. In the
morning I went to one of the mer-
chants and told him that I couldn't
get any one to look at my samples.
no I showed them to the negro por-
ter. Well. he said. he guessed if the
porter could take time to look at
them. so could be.
"My ‘ghost that ain't’ was slain for
that time. I sold that merchant and
others in the town. Then I went on
to San Francisco and succeeded in
opening several accounts.
As a result of Mr. Cavanagh's trip
Mr. Knapp hired a salesman to cov-
er Far West territory.
In 1898 the Crofut d; Knapp Com-
pany reorganized. They took two
young men into the firm. John Ca-
vanngh was one of them.
The condition of this partnership
was that each young man should
my fan thousand dollars’ worth of
stock. John Cavanngh still had the
five thousand dollars which he had
saved when he worked for William
A. Brown. but he had been unable
to add to it. He did not know where
to get the rest of the money.
The "We Offer
It was his habit to stop every night
at the rectory of St. Mary’s church
and smoke a cigar with the Monsig-
nor. ln whose company he took great
mm 'couu.
Cavanagh’s And' South Norwallt’s Fam
IN THE MAKING OF HATS
"Noll-lug." l'iI’l8\\II‘tlI JUIII‘.
'l‘llu Monsignor dill llll’ pl- sii llllll.
hul lull: fellow-«l Ililll in the porch
lllllI mill. ".\mv John I l’ll loll lo‘
lull lll< \l'llui ll ill."
.IilIlIl lolll I‘.Illl. .
Thu Monsignor lllmlzlllr :l minute.
than he all-l. "(Ill‘l'v-fi ill.) lllousulld
‘lll lllc—---~|llllll\‘. It llpnunlg my
‘~.l\IIIKH s‘lut‘v I “no a I'lll'nll'. I‘lll
mum: in .‘HIIII il If) you. l'uy it back
ll )0” mu. If you can‘t no one but
‘(Iii’I Almighty. lllld you and I pill
lew umlllllll: llbulli ll."
"l quIu-li llunle lll'll night in-
..lomi of taking a, car.“ Mr. l'llv-
villi”); Ili‘ lIlli ill this 'llrl': r peeilior.
‘ .\I!‘.i"'.1illi|liIl continued his activi-
iv w ll’n hl‘IIllll.’ Hid of IIiL' busi-
~»_ \\'ll'l plnl'l'rselve lllclhoda and
. “Wu.- .ll-lhni; f‘\‘t‘l')’ In’ll‘l OI the
I'hllllll‘)‘ lI‘." Olllplll \llla brought up
i
«sure. On the night of the day
lllllt ho hlld revolved llic offer of
pul'lllorslllp he stopped as usual for
llle hour's t‘Iilll. Iic one usually si-
lcnl.
"\\'llul':. ll‘n-lbllnl: you. John?" the
Mullslullor “shed llllll.
pic
.".Illit‘.Il lold llll." I “ll: \I.r_v nlllcll
lulli'hcd by my old li'Il-lltl's (lllul‘. Ii}
.il‘I'lI us .1 Nl'llll‘. l llr-llllul IIHII I.
\VUIlIlIIl'I llllw Illa liif'lli'l'. 111 mi iiI
mystll'. Ill the but fuw days I
Illllllili!“l1 l0 sci melt \iIIIL‘ for mu
"Illlll‘ifllllI dollnre' womb of ill“ ill-
:.ul‘llllcc."
illr. "ii\'.'ill.'li,'h mm pl'nnlnh-vl to
"u ptmllloll nl Flllll‘l‘llll"lllIl'lll ullon
... um “II." II llllu lhc firm. The “rail
wus lo stl lllo {-Xfilllillv' lw txpeclcu‘
Ilih lmll I'D inllmv.
"l'ur IliHliilli‘i’.” ll- full”. “I “.19le-
unis llll ml‘ly worklr. l .;oi lrl lhu
I.lI lury lulu; in lore lIilll' in optn. Ali
:. (Ollbi‘llllt'lll‘l', lIll‘ nlvll began com.
Hit; rllrlll-l'. I “no llI.:\t';‘i‘ ll'oubl-‘d
ul'h lnrdluv‘ss. 'l‘llrli Was before the
ward systclll. I “Ol‘I-‘J‘I’I out my own
:::~ll in. I :llll :l gr-‘m lwlli-vrr in prer-
lmlllll mun”. All that I‘llnll‘b‘ from
t'l'Il'lllifIl' llxrlllrlgclllulli IN based on
pl lawlml lllllllflKl‘lanV. div-n rlre fun-
«Iulll'lllllIIV loyal {IIllI kind. capable
of llil'wllml. and ”My lake on the
IIl’ll'Jll‘Il‘l'ISIIl‘s of lhnsn who are
..-,r. r lb» III, I any in my for: men to-
.1... IIIlllPlllI‘f‘l‘, lnlll- (Ii‘PilrlllK‘nI
l"'|v'l '9 you,“ "
200 Down For [lily
‘lo um IllllllIl‘i‘tI dim-ll llllls per day.
limu‘wl'. lIli‘. factory still suffered
llolll sluck seasons.
' l‘ll lo illla‘llmtl (,‘rufut S: Knapp
.IlfillI lllllllllillvlllrml dtrby hills ex-
Tl".ll.~lz'«l_v. llulwrl i'mful d- Knapp
luau lIlI' mum I‘ll IIlill introduced thcl
(«hurl-y but in Amt-rice. Mr. R. app
lllull dl‘YIIl'IN‘iI it from llle English
illal ullivlll is lllllwrsnlly known lo
Iil‘llllns ilzl' a "lrlll‘lcl'." “'hcn the
ullnrlll‘ll of 11 style name came up.
all lillcllall tI' rll MlIlI in him. “Call
it ill-4 florid." TIIUS the stiff but in
EIIIIS ..Ollllil') was given an English
:llflllli‘ which over illcre refers not to
l Ii r'vle of :l but but lo :1 horse-race.
j Jnlln (.‘murnlzh foresaw soft hills
Eeupplrlnrlng (lcrblcs ill popularity.
lIv- also hull : hunch thrlt the manu-
i‘uc-lul'v n1 soft. buts would OI)\’IIItI
III“ damn I' -;f IIIP slack seasons caus-
led by inactivity in the Stiff but trade
The man. according in his em-
ployccs, has an uncanny faculty for
gut-«silly ”RI“. The cmnpuny acted
on lhm runs. In limb in spite of the
predictions lhzll soil bills were so
lIl‘Iif‘I they mllld not revived. Cro.
flli .& Knapp bud lhc courage to
llllillllfiii‘illl‘l' than. They accompan-
Ii‘iI lhle Vl‘nlllrn ulth modern adver-
tising. They came out in a popular
; weekly Mill .3 double. ccnler spread.
In lhuw l15l_\'5 that “as the height of
mldacltl. Jilin] (TI‘l‘IlIl‘lI a great sch-
nation.
In i907 John Cavanrlgh was made
Gl-ncrnl Manager of Croful 8'. Knapp.
Ill 10M lie sinricd the Dobhs
Store in New York City to provide
an cllllr-l for (‘rufut Kr Knapp pro-
'.‘.llri.~. and to git-u thr‘ company an
opportunity to not its own standard
OI style.
“1w“ Derby Wont Out
In 1913 the busy General Manager
IllVl‘illr-d the Callanrlgll Edge Hill. a
man's Mi but in which the hat brim
is felled instead of solved. In order
to accomplish this. greater skill and
accuracy are required throughout
lilo process of manufacture but the
result is a but which will outwear
bale of a similar quality manufactur-
cd in the ordinary Why,
“Why (lid lIl" derby but go out?"
I asked Mr. ('avanagh.
"Because it was uncomfortable."
be answered promptly. "It died with
the increasing use of automobiles
and participation Ill spur 5. Then tlle
“‘fil‘ came on and precluded the ne-
cessity for dross. Today people still
wear lhc soft hat."
In November. 1908. two months
after the Dobhs store was opened
.camg til-'2 blow that ruined most of
the hat factories of Norwalk. and
for a. period crippled the plant of
Crofut & Knapp.
A hat—factory moved from Boston
to I’llillldelphia. The bill of prices
was lower in Philadelphia, but the
union insisted that the factory pay
Boston rotor. Whercupon the Hat
Mnnul‘acturcrs' association forbade
its members to use a union label in
their hats. Thus began the "Great
Hatters“ Strike” which lasted until
1912. The union put a boycott on
all factorlt-s that did not use its
label.
Closed Three Months
Crcfllt d: Knapp closed for three
months. Then it reopened as an in-
dependent shOp with its sales force.
an office force of fifteen and its four
principals. Foremost of them were
Mr. Philip Knapp. a son of Mr.
James H. Knapp. who upon the re-
tirement of his father was now the
active head of the company. and
John Cavanagh, the dynamo of the
firm.
The four principals went right to
work at the bench.
“What did you do?" I asked Mr.
Cavnnagb.
“Sized hats the first day." he
anwered.
“What does that mean?" I asked
him.
"Sizing involves both sizing and
felting the bet." he explained. “The
dclicate cone-shaped hat-body which
is taken from the forming machine
is shrunk by immersing it in boiling
water and by expert hand manipu-
lation until the body is gumclently
reduced in also. The action of the
hot water and constant hand work-
ing bring the fur fibers closer to.
gather. finally forming a tight felt."
“And you hadn t forgotten how to
-M
W .
REPORT .01" CONDITION 01" THE
CITY NATIONAL BANK AT SOUTH NORWALK_
IN 'I'IIL stars; or component. AT m: tumor. or BEHIND-av,
C
ON APRIL 1!, 1020
RESOURCES.
l. a loam: and dlneounle. including revile.
counts. uaceptances of other banks. and
foreign lll'ls of cxcllllngc er drafts. sold
\i’IIII lndorsemcnt of this bank (except
those olloull ill b and c) .....n.......
'l‘ctzll icons
..... unseenssssossosou..-
01.591.197.71
1'. Overdrafis, secured. i0; unsecured. 1864.SS;..........
i l'. S. (internment eccurliics owned:
.-. Deposited to secure circulation (if. 8.
bonds pill- \‘Illllf‘l ...............
bAll other [Tuitcll States Government
securities (including premiums. if any)
'l'oinl
3 )Mnfml. u,
125,133.50
ire-esssnsslssoessoeo-r
5. Other bonds. sim'ks. securities. etc:
Total
LIABILITIES.
17. Capilai stock paid in .........
Is. Surplus fund ..
19. a L'ndlvided profits ..........
b Reserved for ..............
c Less current expenses paid ...........
Circulating notes outstanding . ..
166.855.78
21.
. Certified checks outstanding
no 0
ac. -
Total of Items
. Individual deposits subject to check ..
. Dividends unpaid
'I‘otal
hints of Connecticut. County of Fairfleld. so:
Correct—Altai.-
0’
. Cashier‘s checks outstanding . . . . . . . .. .. .. ..
3. 24. 25 and 26 3
Demand deposits (other than bank deposits) suhiect to
Reserve (deposits payable within 30 days):
Total of demand deposits (other than
bank deposits) subject to Reserve.
Items 27. 28. 29. so. 31. and 32 .. 81.337.495.65
Time deposits subject to Reserve (payable after 3'.
days or more notice. and postal savings):
5. Banking House. 803125.31: Furniture and fixtures.
37.521132; ......... .......... ....................
l S. Uni-flu reserve with Federal Reserve Bank ............
' 0. lunla ulih Federal Reserve Bank in process of collection
10. Cash in vault and amount due from national banks ..
ii. Amount due from State banks. bankers. and trust com-
panies in the United States (other than included in
Iicmss,9.and10)....... ............. .............
iii. Checks on other banks in the anur- city or town as re-
p'ortlng bank (other than Item 1:) ... . . . . . . . . .
'l‘otals of Items 0, 10. ii. i'.'. and la . f 466.6“.71
if. b Miscellaneous cash items ......... i,8t8.0!
13. Redemption fund with L'. 8. Treasure.- and due from
l'. B. Treasurer .....................................
———-——————-
.eeeellino-s-ooeo-oseooaennseseo-oeu.lue
essesosgasosoeoosoosssseosslndgsdosso
$6.855."
494.07
. Amount due to State banks. bankers. and trust com-
panies in the United States and foreign countries (other
than included in Items 22 or 23) ...................
38.703.96
. Certificates of deposit due in less than 30 days (other
than for money borrou'ed) ...........................
seaoesosasssseesoooesoasssssoes‘
all. Other time deposits
36. Postal savings deposits ..............................
Total of time deposits subject to Re-
servc. Items 33. Si. 35. and 36
$1,798,753.“
s-asanoasanoossosos-ossss
I. C. O. Fitch. Cashier of the above-named bank. do solemnly swear I
that the above statement is true to the best of my knowledge and bellei.
O. O. FITCH. Cashier.
Subsevlbed and sworn to before me this 18th day of April. 1926.
LEWIS B. BURL“
J. WALLACE MAB“
‘ FREDERICK H. ROWAN, Director-
i
..... H.5l91.l‘li?.'II
com.
TINT. i".'~'
65.40%» .
L‘L'Jthliu
423460.11
3.895'33
H.069 21’
1343.03 ~
6.00M0
3.58i.il3.9?
300,000.00
150,000.99
60,860.81
93.100.’l0
l
1.830.871 i3
6.?“ .2
8‘50 "0
8.531.418.“
V
JESSE P. SANFORD. Notary Public. ' l
ASSETS.
Overdrafts
LIABILITIES.
Other Liabilities. viz: Letters of Credit Issued
knowndgc and belief.
(Continued on next Page]:
mom or m common or
THE HOME BANK & TRUST CO. OF BABIEN
Atthecioeeofbasineucnthoisthdoyofdprll.im
Loans and DMINIE“ seasons-IonoII.a.~oassaaasasosesoa'ao
...a..eee-eeoeeseosseeoeseeosaooceoaeeaeeoas
Funds set aside for Savings Dcpbsltcrs ...................
01..th “Cuful” saloons-aseassogsssssotdnoltilQIOOOOO'O
Banking House ........................................
Furniture and Equipment ..............................
Due from Reserve Agents ...............-............a
Due from Bankssnd Bankers ...........................
Cash on hand ..........................................
Checks. Cash items and Exchanges
Other Assets. viz: Customers Lia. under Letters of Credit
Issued Accrued Interest Receivable ...................
TOIQI A9501! re-lesseeseseseoeoeosssosoooese--ea.oe-
Capltal Block ........
Undlvided profits. (less expenses and taxes paid) ........
Reserved for Interest. Taxes. etc.
Due to Banks and Bankers ................. i 2!.457.90
Savings Deposits ............................
General Deposits ...........................
Certificates of Deposit .......................
Tressuror'sChecks ..........................-
Certified Checks .....
Christmas Savings and Thrift .F'unds .....
' Schooldevings Deposits
777,780.58
710,089.48
1.381.131
1.819.“
1.376.”
6,744.75
521.97
T0281 Liabilities assosassloldaaIOdsslssalsossdIOdsln. :1.780.56
State of Connecticut. County of Foirfleld. ss. Darlen. April 15th. 1920.
L. George F. Bearse. Treasurer of the aforesaid Trust Company. do
solemnly swear that the foregoing statement is true to the best of my
C
8 1”."81‘5 '
v .4-
717.7841).-
635,811.36.
”.000.“
15,173.10 ‘
68.9“.3'.‘
39.501.53
24,514.5“
’ ”80.5."
l,-
0
882-5"
5M
31.780.668.32
100,000.00
100.0000 ~.
40,521.04
16,683.03
l\‘
a.
1.520.625.8f
2,830.00
.—-——-—-— .
.
5.1-.
p. 1". cause.
Subscribed and sworn to before me. this ilth‘dsy of April. 1920.
BRADFORD M. BALLARD. Notary Public.
Norwalk Chronicler