Downtown in 1860, Oliver Arnold and Company was established with the latest equipment for printing cloth. Large government contracts to supply fabric for the Union Army helped the business prosper. During the next four decades, Arnold Print Works became one of the world's leading manufacturers of printed textiles. It also became the largest employer in North Adams, with some 3,200 workers by 1905. Despite decades of success, falling cloth prices and the lingering effects of the Great Depression forced the company to close its Marshall Street operation in 1942 and consolidated at smaller facilities in Adams.