On a warm February afternoon, I’m sitting in a Lexington furniture shop.
We’re talking about the future, and about a future in which our grandchildren will grow up in a world in which every child has access to every available toy and resource.
The Lexington furniture business, founded in 1874, has been making furniture since 1884.
Today, it’s a global powerhouse.
The first generation of Lexingtons employees came to Lexington as students from nearby Lexington College.
In the 1940s, when the company started making furniture, it was a very different company than it is today.
The furniture was a throwback to a time when American industrialization was in its infancy.
The people who worked there were all farmers and ranchers who had been driven to the mills to help build the country.
Lexington was the first American town to open a textile mill.
By the 1950s, the company had become a manufacturing powerhouse.
The town’s success as a textile center helped shape the future of the nation, but in the 1960s, it struggled with the Great Depression.
It was losing business.
By the 1970s, Lexington’s textile industry was losing jobs.
The company lost $2.5 million in sales a year and nearly 1,000 jobs, said David Johnson, executive vice president and general manager of the company.
Lexham was also losing money.
The state was spending more money than it was making in tax revenues, Johnson said.
But the company was making big profits, so it couldn’t cut back.
That made the decision to close its textile mill even harder.
Lexie was a textile town.
We had one of the largest textile industries in the world, and the textile industry had been in decline for a number of years.
The textile industry, which had a big impact on the lives of workers, was shrinking.
And so they looked for new ways to make money.
The company began to explore the idea of buying out the textile mill, Johnson recalled.
He said they found that most of the workers were from rural areas.
They were people who were not in the textile business.
The decision was made that we needed to try and sell the mill.
We were trying to buy it for $10 million, but that was the most we could get.
The only people who really wanted to buy the mill were the local farmers and the ranchers.
We bought the mill and went to work.
I remember driving from my home in the town of St. Paul to Lexington.
There were about 50 workers there.
I drove with them and they were just as excited as I was to be working there.
When we got to the plant, the workers had gone to bed.
We were not told what was going to happen, so I didn’t know what the next day was going.
But when we arrived, they were already there.
I remember coming in, getting in the truck and taking the machine out of the shed, and I was very impressed.
The workers were so happy.
They came running out the door and hugged us and embraced us.
They said, “Oh, you’ve made it.”
They said they loved working here.
They were just so excited about being able to start again.
It’s hard to describe what that felt like, but it was just so beautiful.
I just got out of there, and they came running back into the shed and hugged me.
Lexville’s textile boom was coming to a close.
By 1974, the mills were being closed.
The textile industry died in Lexington.
It didn’t take long for the textile companies to look for new opportunities.
Lexenghts textile company, which made a big chunk of its profits in the 1970’s, bought a large textile mill in Kansas City.
In 1975, it began manufacturing a new line of furniture called Lexerks.
Lexerie, the textile and carpet industry grew in the 1950’s and 1960’s.
But by the 1970-71 decade, the country was heading toward the Great Recession.
In many areas, the economy was struggling.
Lexerks became a national brand, Johnson told me.
It became the standard of what a good-looking furniture company should be.
It went on to produce a line of stylish and functional furniture that helped transform America’s image.
In the 1990s, Lexers popularity took a huge hit.
The recession hit.
By 1996, Lexerys furniture business was $60 million in the red.
The financial crisis hit.
And that was a time in the past when the people in Lexington could really afford to do what they wanted to do.
They had the resources to make the change that they needed to make.
They had the time.
They could invest.
They wanted to build their own company.
The new business model of investing in other businesses and investing in one business at a time was very appealing.
But it was also a very challenging time for Lexington.
The city’s economy was on the decline.
Its textile industry went out of business.
The Lexington area had been hit hard by the