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cnKcBrtcndent.About bOQ employes will be nt worn In the new textile plant, report say, and the company Is now being or-gatilzed with p. capital stock of; pn ■$1,500,000. For sometime Mr, Velnsko, \ president of the Oak Knitting Com- 1puny which had discontinued opt^a- • of Hons here, has been trying tn he- . 5?I iSc21“gotiate merger contracts with other j u-i companies In the textile field, j crL, W. Robert and Company, textile engineers, will begin immediate dismantling of the Syracuse factories, the report from Atlanta says, with some of the machinery to be used In re-e-qulpping the new factory in Georgia. The Syracuse concern owns plants here at 102 West Division Street and at Arcade, near Buffalo.The combined forces of both factor} cs, about fCO. were released fromJobs about 18 months sgo whenoperations were stopped.Other officers of the local knitting mill industry concern have not been mentioned as’-holding positions tn the newly formed organization, but complete reports of the entire merger contract will not be known until Mr. Veiasko arrived Jn Syracuse from Atlanta Monday.''The various messages received from Atlanta have all been verificdtby word from the president,” aald William Walrath. vice-president of the Oak Knitting Company this morning, ”but no further details can be given until Mr, Veiasko returns.'1J. Lansing Crouse. 523 Oak Street.Is treasurer of the local manufj o turmg concern, and it is probable that he and Mr. Walrath are also Included In the new management for the Oak Knitting Company of Georgia.The transfer of these knitting plants from Syracuse and dismantling of the factories, here robs the city of a one time prosperous urut of the textile Industry, but which recently has not figured in active manufacturing Interests, a. G. Veiasko is rated as one of the country’s experts In the knitting mill Industry.
Newspaper Details
Syracuse Herald
Syracuse, New York, US
Fri, Oct 07, 1927
Page 13
Full Page
Clipped by
Onondaga C.
NY, USA 26 Aug 2021
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