Economy
Hemmings once had an enormous bakery building on land just north of Chadwell Heath station. This building was derelict by the 1970s and was later demolished for housing. For many years Bergermaster Paints maintained a large factory in Freshwater Road. Grove Road was also an industrial area with Wiggins Teape and Morganite Carbons Ltd among companies based there. These sites were sold in the 1990s and have also been redeveloped for housing. A teddy bear factory in the same area was the site of the alleged murder of Terry 'Teddy Bear' Eve and others in the 1970s. The esoteric publishing company founded by phrenologist L.N. Fowler had a shop and offices in the High Road in the 1970s and 1980s. This is now a fish and chip shop. Dairy Crest have an enormous creamery/dairy on Selinas Lane, which supplies all of London. Sunlight laundry are also a major employer as are Sainsbury's, Nicholls and Clarke, Tesco, local shops and central London.
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Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“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)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)