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41°37′58.9″N70°55′50.5″W / 41.633028°N 70.930694°W
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The Wamsutta Club is a private social club in New Bedford, Massachusetts, founded in 1866. It was a club for the affluent members of New Bedford's community, which at the time was supported by the flagging whaling industry as well as the up-and-coming textiles.
The club was founded by Charles Warren Clifford, who organized an athletic club to play a new version of baseball. The social club was formally chartered in 1889. The present location was built in 1821 by James Arnold and purchased by the club in 1919.
The club's popularity soared from the 1890s to the mid-1920s when the textile industry was at its height in the city, and cotton was bought and sold by businessmen at the club.
During the Great Depression the club faced the problem of declining membership. In order to meet the needs of the expanding community dues were lowered and membership was re-established on a broader base.
Today, the club remains as a social center of the downtown New Bedford community.
In the 1960s the club was the site of a meeting between Otis Stanton, brother of Seabury Stanton, and Warren Buffett when Buffett finalized his takeover of Berkshire Hathaway.
41°37′58.9″N70°55′50.5″W / 41.633028°N 70.930694°W
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New Bedford is a city in Bristol County, Massachusetts, United States. It is located on the Acushnet River in what is known as the South Coast region. Up through the 17th century, the area was the territory of the Wampanoag Native American people. English colonists bought the land on which New Bedford would later be built from the Wampanoag in 1652, and the original colonial settlement that would later become the city was founded by English Quakers in the late 17th century. The town of New Bedford itself was officially incorporated in 1787.
Warren Edward Buffett is an American businessman, investor, and philanthropist who currently serves as the co-founder, chairman and CEO of Berkshire Hathaway. As a result of his immense investment success, Buffett is one of the best-known investors in the world. As of January 2024, he had a net worth of $122 billion, making him the tenth-richest person in the world.
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Founded in 1839 as a textile manufacturer, it underwent a drastic restructuring into a conglomerate starting in 1965 under the leadership of chairman and CEO Warren Buffett and vice chairman Charlie Munger. The company's main business and source of capital is insurance, from which it invests the float in a broad portfolio of subsidiaries, equity positions and other securities. Buffett and Munger are known for their advocacy of value investing principles and under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt.
Massasoit Sachem or Ousamequin was the sachem or leader of the Wampanoag confederacy. Massasoit means Great Sachem. Massasoit was not his name but a title. English colonists mistook Massasoit as his name and it stuck.
Wamsutta Oil Refinery was established around 1861 in McClintocksville in Venango County near Oil City, Pennsylvania, in the United States. It was the first business enterprise of Henry Huttleston Rogers (1840–1909), who became a famous businessman, industrialist and financier.
The Mid-America Center is an arena and convention center located in Council Bluffs, Iowa, United States, five minutes from downtown Omaha, Nebraska. The arena's maximum capacity is about 9,000 for concerts and 6,700 for ice hockey and arena football. The arena continues to provide free parking. Caesars Entertainment began managing the Center in 2012, taking over from SMG.
Wamsutta, also known as Alexander Pokanoket, as he was called by New England colonists, was the eldest son of Massasoit Ousa Mequin of the Pokanoket Tribe and Wampanoag nation, and brother of Metacomet.
Wamsutta Mills is a former textile manufacturing company and current brand for bedding and other household products. Founded by Thomas Bennett, Jr. on the banks of the Acushnet River in New Bedford, Massachusetts in 1846 and opened in 1848, Wamsutta Mills was named after Wamsutta, the son of a Native American chief who negotiated an early alliance with the English settlers of the Plymouth Colony. It was the first of many textile mills in New Bedford, and gradually led to cotton textile manufacturing overtaking whaling as the town's principal industry by the 1870s.
The South Coast of Massachusetts is the region of southeastern Massachusetts consisting of the southern Bristol and Plymouth counties, bordering Buzzards Bay, and includes the cities of Fall River, New Bedford, the southeastern tip of East Taunton and nearby towns. The Rhode Island towns of Tiverton and Little Compton, located in Newport County, are often included within the South Coast designation due to regional similarities with adjacent communities.
Shaw Industries Group, Inc. is one of the world's largest carpet manufacturers with more than $6 billion in annual revenue and approximately 22,000 employees worldwide. It is headquartered in Dalton, Georgia, and is a wholly owned subsidiary of Berkshire Hathaway.
The Acushnet River is the largest river, 8.6 miles (13.8 km) long, flowing into Buzzards Bay in southeastern Massachusetts, in the United States. The name "Acushnet" comes from the Wampanoag or Algonquian word, "Cushnea", meaning "as far as the waters", a word that was used by the original owners of the land in describing the extent of the parcel they intended to sell to the English settlers from the nearby Plimouth colony. Quite naturally, the English mistook "Cushnea" for a fixed placename or the name of a specific river.
Oliver Chace was an American 18th and 19th-century businessman. He was the founder of several New England textile manufacturing companies in the early 19th century, including the Valley Falls Company, the original antecedent of Berkshire Hathaway, which as of 2019 is one of the largest and most valuable companies in the world.
The Hathaway Manufacturing Company was a producer of cotton textiles founded in New Bedford, Massachusetts in 1888 by Horatio Hathaway, a China trader and whaler in the Pacific.
Horatio Hathaway was a New England industrialist, politician, and philanthropist and namesake of Berkshire Hathaway.
Berkshire Fine Spinning Associates was an American textile company, founded in 1889 as Berkshire Cotton Manufacturing Company in Adams, Massachusetts in Berkshire County, Massachusetts.
The New Bedford Institute of Technology was a public college located in New Bedford, Massachusetts, United States. It was founded in 1899 as the New Bedford Textile School.
St. John the Baptist is a historic church in New Bedford, Massachusetts, and a former parish of the Roman Catholic Church in the Diocese of Fall River. At its closure, it had been the oldest Portuguese-American parish in the United States.
The following is a timeline of the history of New Bedford, Massachusetts, United States.
Seabury Stanton was an American businessman from New Bedford, Massachusetts who ran Berkshire Hathaway prior to its takeover by Warren Buffett in 1964.
The 1928 New Bedford textile strike was a mass work stoppage of approximately 30,000 machinery operatives in several of the large cotton mills located in New Bedford, Massachusetts, USA. The strike, which ran for several months during the spring and summer of 1928, is remembered for the prominent role played by the Workers (Communist) Party of America in mobilizing the immigrant workers of the region.