The Real Silk Hosiery Mills in Indianapolis was the largest shipper of COD parcel post packages. It was founded by brothers Jack and Lazure Goodwin in 1922. They were very successful and were one of the three biggest manufacturing units in the industry.
The stock market collapse depressed Real Silk’s market and the company had extreme loss due to the price of raw silk plummeting and ended up owing a considerable amount to a couple of lenders. Gustave Efroymson, former president of H.P. Wasson Co. Indianapolis was approached to assist in turning the company around, and in 1934 the company was on a comeback. Their business boomed during World War 11 with more than 1,500 employees making silk parachutes from the Indianapolis plant alone. After the war though, the company struggled due to the discovery of nylon which was far less expensive than silk. After Efroymson’s death, his son Robert took over the company and Robert divested Real Silk of manufacturing ops.
Eventually in late 1988 the facilities began being converted into apartments and condos.
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