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Legnam Corporation

1932 disestablishments in New York (state)American companies disestablished in 1932Broadway (Manhattan)Companies based in Passaic County, New JerseyDefunct companies based in New York City
Economy of Paterson, New Jersey

Legnam Corporation operated 132 general merchandise stores in 38 of the United States prior to becoming insolvent in June 1932. It sold ladies' apparel. Owing to the financial crisis during the Great Depression, the chain store, formerly known as Mangel's, became unable to pay its debts. The company maintained offices at 1115 Broadway and 226 Main Street in Paterson, New Jersey.The business was expanding prior to the constrictions brought on by rapid deflation and an absence of consumer spending during the economic downturn.

Excerpt from the Wikipedia article Legnam Corporation (License: CC BY-SA 3.0, Authors).

Legnam Corporation
Main Street, Paterson

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N 40.91684 ° E -74.17333 °
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Paterson Electronics

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07503 Paterson
New Jersey, United States
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Paterson Public Schools

The Paterson Public Schools (PPS) is a comprehensive community public school district that serves students in pre-kindergarten through twelfth grade from Paterson, in the U.S. state of New Jersey. The district is one of 31 former Abbott districts statewide that were established pursuant to the decision by the New Jersey Supreme Court in Abbott v. Burke which are now referred to as "SDA Districts" based on the requirement for the state to cover all costs for school building and renovation projects in these districts under the supervision of the New Jersey Schools Development Authority.As of the 2020–21 school year, the district, comprised of 50 schools, had an enrollment of 25,937 students and 1,916.0 classroom teachers (on an FTE basis), for a student–teacher ratio of 13.5:1. For the 2014–15 school year, the district anticipated a budget with total expenditures of $591 million and per pupil spending of $16,696.The district is classified by the New Jersey Department of Education as being in District Factor Group "A", the lowest of eight groupings. District Factor Groups organize districts statewide to allow comparison by common socioeconomic characteristics of the local districts. From lowest socioeconomic status to highest, the categories are A, B, CD, DE, FG, GH, I and J.Among the 594 students who took the SAT in 2013, the mean combined score was 1120 and there were 19 students (3.2% of those taking the exam) who achieved the combined score of 1550 that the College Board considers an indicator of college readiness, a decline from the 26 students (4.3%) who achieved the standard the previous year.District enrollment in Paterson surged at the start of the 2015–16 school year, creating a public school enrollment of 700 students higher than expected and putting the school district in a situation of needing to hire teachers rapidly not long after the district had laid off 300 positions.