Economy
New Mills' economy was originally built on agriculture, then coal mining and then cotton spinning and bleaching. There was a little weaving but cotton bleaching and calico printing continued into the second half of the twentieth century. The mills have now all closed. Today Swizzels Matlow, who make children's sweets, is a large employer. The company transferred to New Mills from London during the Blitz and has remained ever since. Well-known brands include 'Parma Violets', 'Refreshers', 'Drumstick' lollies and – perhaps most famously – Love Hearts. Folk memory relates that children from local schools were often asked to test new sweet flavours that were created..
There is also a history of iron working, though this has ceased. Ironstone was also found in shales of the lower coal measures, and early water-powered charcoal furnaces were located at Jow-Hole furnace towards Furness Vale. In the nineteenth century, the Midland Iron Works occupied Barnes Mill in the Torrs; the Victoria Foundry was on Hyde Bank Road (among their products were gas lamp posts for the town council) as was the other small foundry in Wilde's scrapyard. On Albion Road in Newtown is John Hawthorn's foundry. There was also a brass foundry, on the site of the current Heritage Centre.
Tourism was boosted in 1984 when the Torrs was reopened as a riverside park, and further when the spectacular Millennium Walkway opened in 1999, joining the two ends of the gorge.
The Plain English Campaign has its headquarters in the town.
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Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)