Postby dognose » Sat Jan 02, 2021 7:59 am
THE TOWLE MFG. CO.
The Towle Mfg. Co., Newburyport, Mass., are an indirect outgrowth of efforts of individuals and co-operative industries established as early as the seventeenth century. In the vicinity of Newburyport, the art of the silversmith has been practiced for over 200 years, the culmination of these efforts being found in the factory of the Towle Mfg. Co.
The pioneer colonial silversmith was William Moulton, 2d, whose first silver shoe buckles appeared about 1690. The first goldsmith in New England whose successors in a direct line have continued to the present time was Joseph Moulton, son of William Moulton, 2d. From the rude “ Blacksmith and Whitesmith Shop ” of the Moultons in 1690 has been evolved one of the most complete silverware factories in the world.
Seeking for the origin of the Towle Mfg. Co., we find other names prominent among the early Newburyport silversmiths. Jacob Perkins, born in 1766, assumed the management of the business of his deceased master, Davis, at the age of 15 years. He afterward removed to London. Bradbury & Bro., manufacturing silversmiths, thrived about the year 1800.
The Towle Mfg. Co. incorporated in 1880 with a capital of $20,000. Their growth has been continuous and remarkable, until today they rank among the first houses in America engaged in the manufacture of silverware. Their capital has been doubled and doubled again until now the stock is $372,000. The wares manufactured are mainly sterling silver and embrace everything known as table flatware. The principal building of the company is a handsome brick structure, 184 feet in length by 40 feet in depth and has four stories. This building, with the wings and smaller buildings, gives a floor space of about 35,000 square feet.
The large business done through their Chicago branch is the result of the personal abilities of J. A. Todd, and of the quality of the productions. The officers of the corporation are: President, Eben Sumner; treasurer, Wm. H. Swasey; vice-president and manager, L. D. Cole.
Source: The Jewelers' Circular and Horological Review - 7th February 1894
Trev.