in the mill, thoroughly familiarizing himself with the various
processes in hosiery manufacture, and the general conduct of business in
that important line of industry.
Upon attaining his majority, with that ambitious and independent spirit
which so generally characterizes the youth of New England, and to which
the development and prosperity of all sections of our country are so
largely due, Mr. Sulloway determined to go into business for himself.
His purpose received the ready sanction and encouragement of his father,
and after due deliberation he formed a partnership with Walter Aiken of
Franklin, in the manufacture of hosiery. The partnership continued for
about four years, when it was dissolved by mutual consent, and another
firm was organized, which put in operation a new mill. This firm
consisted of Mr. Sulloway and Frank H. Daniell of Franklin, who carried
on business together until 1869, when Mr. Daniell withdrew, and Mr.
Sulloway has since been sole proprietor. The mill is situated upon the
lower power of the Winnipesaukee, opposite the mills of the
Winnipiseogee Paper Company, the power being used in common by the two
establishments. The building is of brick, three stories high, with
basement, contains four sets of woolen machinery, with about
seventy-five knitting-machines, and furnishes employment for about
ninety operatives, besides a large number of women in the vicinity, and
surrounding towns, whose labor is required in finishing the work which
the machines leave incomplete. The goods manufactured are the Shaker
socks, or half-hose, of which about three hundred dozen pairs are
produced daily, giving an annual product of about one hundred and fifty
thousand dollars. The monthly pay-roll averages about two thousand five
hundred dollars, aside from the amount paid for outside labor.
Mr. Sulloway is a business man in the true sense of the term, and as
such he has been thus far eminently successful. But while devoting his
energies and ability to the development of his own business interests,
and thereby indirectly conferring large benefit upon the community in
which he moves, he has never failed to contribute, by direct personal
effort, to the advancement of all measures of public utility and
material progress; and to his labor and encouragement, personally and
pecuniarily, as much as to any other among its many enterprising and
public-spirited citizens, the town of Franklin is indebted for the
advanced position which it holds, when regarded from a business, social,
or educational standpoint. He was a prime mover in the organization of
the Franklin National Bank, which went into operation in November, 1879,
and has been president of the institution from the start. He has also
been a trustee of the Franklin Savings Bank ever since its
establishment, and for several years past a member of the committee of
investment. In 1880 he was chosen a member of the board of directors of
the Northern Railroad, which position he still holds.
Public-domain text, read in full here on John Shaqi.
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