The banks of the Hudson River north and south of Albany, as well as the Mohawk and other nearby rivers, were dotted with paper mills in the 1890s. Practically all of the paper manufactured in the U.S. was made within a few hundred miles of Albany, and the forests of the Adirondacks resounded with the echoes of the woodsman's axe and falling timber. It is no wonder that there grew up in the Albany area an industry to supply the burgeoning paper industry.
In 1895, three Albany businessmen with capital of $40,000 formed the Albany Felt Company to manufacture papermaker's felts. In 1902, the Company moved to the site that would be its principal home until 2011 - the plant on Broadway which is on the boundary line between the City of Albany and the Village of Menands.
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