Jasper County Democrat, Volume 16, Number 96, Rensselaer, Jasper County, 4 March 1914 — WOOL MAN POOR, PROPHET. [ARTICLE]

WOOL MAN POOR, PROPHET.

Now He Plans to Erect New MillionDollar Plant. Washington, February 28.—The New Jersey delegation in the congress was interested today in the news that Julius Forstman, a manufacturer of woolen goods at Passaic, will immediately begin the erection of a new $1,000,000 plant for the manufacture of worsted. The news attracted particular attention for the reason that when the woolen schedule was under consideration by the congress, Frostman was one of the manufacturers who came here and insisted with great vigor that if the rates proposed by the democratic party were adopted he would be obliged to go out of business.

He explained that in his early life he was a manufacturer of woolen goods in Germany, and that after learning the business in that country he came to the United States and established the plant at Passaic. Forstman, representing the other woolen manufacturers of the country, prepared a woolen schedule which he asked the congress to adopt. Among the so-called woolen experts Frostman was referred to here during the tariff discussion as “the man wtith the last word on the woolen schedule.” In other words, he was regarded as the highest authority in the woolen manufacturing business. As it turns ou<t, this New Jersey manufacturer of worsteds not only did not have to close his mill at Passaic, but he discovered, according to the admission which he now makes, that he can prosj>er under the new' tariff even to a larger degree than he did under the old law. And so he proposes ot Show his confidence in the new woolen schedule —which he said would put him out of business—by erecting a new plant for the manufacturing of worsteds at a cost of $1,000,000.