Condition of the Affairs of the Pairpoint Mfg. Co.
New Bedford, Mass., Sept. 24.–A wrong impression seems to obtain in certain parts of the trade that the Pairpoint Mfg. Co. are out of business; nothing, however, could be wider from the truth. Although the company are in the hands of receivers and have cut down some of their departments, every portion of the works is in operation and new goods are being turned out and placed on the market all the time. In fact something like half a dozen travelling men are still employed and orders are being received and filled daily.
The only departments which are at all affected are the metal departments, and here, even, some of the old force are kept at work steadily. As for the glass departments, the business is being pursued as vigorously as ever and with full gangs in all lines. The company have just turned out a fine line of lamps, in all kinds of design, in fact, one of the finest lines in the country.
The receivers are getting things in such shape that they have hope of making a report soon. With the business brought into convertible form, it is more than likely that some form of reorganization will be effected and the company resume their business in full volume.
Source: The Jewelers' Circular and Horological Review - 28th September 1898