Postby dognose » Sun Oct 09, 2016 6:27 am
Benedict-Clarke Silver Co. Operating the Ottawa, Ill., Plant
Ottawa, Ill., March 20.—The plant of the former Ottawa Silver Co., which was sold by receiver W. W. Nash, on March 10, will be operated at once by the Benedict-Clarke Silver Co. [Mention of the sale was made in The Circular-Weekly of March 20.] The successful bid was $3,000, which included the assets of the defunct company, consisting of manufactured goods, office and factory fixtures, tools, raw material and supplies, etc., but not the real estate and machinery, which belonged to the Ottawa Development Association. The association and the new company readily came to an understanding on this point, the association selling the property mentioned for $5,000.
The new company are composed of M. S. Benedict and H. L. Benedict, of the M. S. Benedict Mfg. Co., East Syracuse, N.Y., Toronto and Chicago, and E. G. Clarke and L. McGlashan, of the Ontario Silver Co., Muncie, Ind., and Niagara Falls. Fred. K. Stickle, of Syracuse, will be secretary and
treasurer of the new company and D. J. Toothill will be manufacturing manager. Incorporation papers have been filed. To D. J. Toothill is due the credit of uniting these silver ware interests in Ottawa. The factory has already begun operations and it is understood arrangements have been made whereby the M. S. Benedict Mfg. Co. will take the entire output of the Ottawa factory. One addition to the novelty department now being planned is a full line of gold clocks and other specialties of a kindred nature which will be manufactured on a large scale.
The Benedict-Clarke Silver Co. were incorporated at Springfield, Ill., yesterday, with a capital stock of $60,000, paid up. The incorporators are Henry Mayo, Fred. K. Stickle and Vincent J. Duncan.
Source: The Jewelers' Circular - 27th March 1901
Trev.