Industrial Foundations and Community Progress.

The article reports on industrial foundations or corporations in New England, which developed out of a trend toward local communities promoting economic activity and diversification in manufacturing. Examples include the successful governance, financial performance, and activities of the Danbury Industrial Corporation in Connecticut and Laconia Industrial Development Corporation in New Hampshire. Amoskeag Manufacturing Company had filed for reorganization under the bankruptcy laws in the mid-1930s when Manchester, N.H. citizens purchased the textile property in a private sale and transformed the business into Amoskeag Industries, Inc. The characteristics and bylaws in the Greater Lawrence Industries Corporation's charter in Massachusetts are mentioned.