Sauquiot Spinning Company facts for kids

The Sauquiot Spinning Company was a textile factory located in Gadsden, Alabama. A textile factory makes cloth and yarn. This company was bought by the Standard Coosa-Thatcher Company in March 1930.

What Was the Sauquiot Spinning Company?

The Sauquiot Spinning Company was an important business in Gadsden, Alabama. It was a factory that spun cotton into yarn. The company used 20,000 spindles, which are parts of machines that twist fibers into thread.

A Big Purchase

In March 1930, another company called Standard Coosa-Thatcher bought the Sauquiot Spinning Company. This purchase cost about $1,000,000. After being bought, the Sauquiot Spinning Company became a part of the Standard Coosa-Thatcher Company. This means it was a "subsidiary," like a smaller company owned by a bigger one.

Surviving Tough Times

The company was bought right before a very difficult time in history called the Great Depression. This was a period when many businesses struggled and closed. However, because the Sauquiot Spinning Company was now part of the larger Standard Coosa-Thatcher Company, it was able to keep operating. It survived the tough economic times.

The Company's End

For many years, the mill continued to be one of the main places people worked in Gadsden. It was a big employer in the area. But in the 1950s, the Sauquiot Spinning Company factory closed down. Another local factory, the Dwight Manufacturing Company, also closed around the same time.