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Updated: May 4, 2025


Still, I was one of a minority of cloak-manufacturers who contrived to bring down the cost of production to an extraordinarily low level, and so I gradually obtained considerable business, rallying from the shock of the panic before it was well over. THE panic was followed by a carnival of prosperity of which I received a generous share. My business was progressing with leaps and bounds

You fellows are killing the trade, and you know it." He laughed, but what I said was true. The old cloak-manufacturers, the German Jews, were merely merchant. Our people, on the other hand, were mostly tailors or cloak operators who had learned the mechanical part of the industry, and they were introducing a thousand innovations into it, perfecting, revolutionizing it.

For example: other cloak-manufacturers would exact allowances for merchandise that proved to have some imperfection. I never do so. It is the rule of my house never to put in a claim for such things. In the majority of cases the goods can be cut so as to avoid any loss of material, and if it cannot, I will sustain the small loss rather than incur the mill's disfavor. In the long run it pays.

A storm broke. All cloak-manufacturers formed a coalition and locked out their union men. A bitter struggle ensued. As it was rich in quaint "human-nature" material, the newspapers bestowed a good deal of space upon it I made a pretense of joining in the lockout, my men clandestinely continuing to work for me.

The bulk of the boarders at the Rigi Kulm was made up of families of cloak-manufacturers, shirt-manufacturers, ladies'-waist-manufacturers, cigar-manufacturers, clothiers, furriers, jewelers, leather-goods men, real-estate men, physicians, dentists, lawyers in most cases people who had blossomed out into nabobs in the course of the last few years.

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