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|    Message 343,401 of 345,374    |
|    davidp to All    |
|    James Spencer Love, Burlington Industrie    |
|    20 Mar 23 10:18:38    |
      From: lessgovt@gmail.com              James Spencer Love (1896–1962), by Thomas E. Terrill, 1991       James Spencer Love, textile manufacturer and founder, president, and chairman       of the board of Burlington Industries, was born in Cambridge, Mass., the son       of James Lee and June Spencer Love. His father, a native of Gastonia NC, was       asst prof of        mathematics, sec'y of the Lawrence School of Science, and director of the       summer school at Harvard before he joined his son in business. His mother's       family had strong ties with UNC; his maternal grandfather was Prof. James       Munroe Spencer, and his        maternal grandmother was Cornelia Phillips Spencer.              Love was graduated from the Cambridge Latin School, received a B.A. at Harvard       in 3 years, and studied for a year at the Harvard Business School. Joining the       U.S. Army in 1917, he rose to the rank of major and served in the adjutant       general's office of        his division before leaving the service in 1919. He sought employment in       Boston but, deciding opportunities would be greater elsewhere, moved to       Gastonia, where his paternal grandfather, Robert Calvin Grier Love, and an       uncle had pioneered in the textile        industry. Love borrowed money to purchase the Gastonia Cotton Manufacturing       Company in 1919. Three years later, he sold the land and the building and took       the machinery to Burlington. There, supported by a $250,000 loan underwritten       by the Burlington        Chamber of Commerce, he opened a mill that originally employed two hundred       people. Shortly afterwards, he decided to gamble on a new product, rayon.       Throughout his business career, Love continued to be bold, expanding       frequently and seeking new products        even in the hard times of the 1930s.              Burlington Mills eventually became Burlington Industries, the largest textile       manufacturing company in the world; in 1961 Fortune listed it as the 48th       largest corporation in the USA in sales ($913 million). The company then had       assets of nearly $607        million and plants in 18 states and 7 foreign countries, processing over 34       man-made and natural fibers and employing 62,000 people.              Love, a Democrat, engaged in a wide range of business, political, and       community activities. He was the director of the Textile Clothing and Leather       Board of the War Production Board during WWII. He also was a director of the       Carolina Cotton Manufacturers        Assn, Economic Club of New York, NC Textile Foundation, National Safety       Council, NC Research Triangle Foundation, NC National Bank, American Cotton       Mfg. Inst., and NC Symphony Society, Inc. In addition, he was a member of the       Anglo-American Productivity        Council, Business Advisory Council of the U.S. Dept of Commerce, Advisory       Committee on Labor-Management Policy, Federal City Council of Washington, Ad       Hoc Textile Research Committee of the National Academy of Sciences, National       Research Council, and        Visiting Committee of the Harvard Graduate School of Business Admin. He was a       trustee of the Palmer Memorial Inst. of Greensboro, the New York Trust Co.,       UNC, and the Committee on Economic Development. He was president of the       National Rayon Weavers Assn,        chairman of the Davidson College Development Commission, and NC state chairman       of the Christmas Seal sale in 1956.              Although known for his opposition to labor unions, Love persistently supported       the federal minimum wage, which upset other textile manufacturers. He also       asked Governor Terry Sanford to grant clemency to one of those convicted of       conspiracy in connection        with a textile strike in Henderson.              Love received honorary degrees from UNC, Elon College, the Philadelphia       College of Textiles and Science, and NC A&T. He was a member of the First       Presbyterian Church in Greensboro and maintained residences in Greensboro, New       York, and Palm Springs, Calif.              James S., Jr., Robert Lee, Richard, and Julian were the children of Love's       first marriage, to Sara Elizabeth Love on 22 Jan. 1922; they were divorced in       1940. Charles Eskridge, Martin Eskridge, Cornelia Spencer, and Lela Porter       Love were the children of        his second marriage, to Martha Eskridge on 23 July 1944. Love created the       Burlington Industries Foundation and helped start the James Lee Love       Educational Loan Fund. At his death, one-third of his estate went to the       Martha and Spencer Love Foundation, a        general philanthropic institution. He was buried in Forest Lawn Cemetery,       Greensboro.              https://www.ncpedia.org/biography/love-james-spencer       --       --              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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