The Employes’ Silver Plate Company of Middletown Assuming Form
Middletown, Conn., Nov. 4.—The Middletown Silver Co. have filed articles of incorporation with the town clerk. This new company resulted as an outcome of the deal whereby the Middletown Plate Co. were absorbed by the International Silver Co. The incorporators of the Middletown Silver Co. are largely former employes of the old plate company.
The engine in the factory of the new concern was started this week for the first time. It was found to work perfectly and as smoothly as could be desired. A few men are already at work in the factory, and a large number of castings have been made in preparation for beginning work in earnest. The company have considerable more preparatory work to do before they will feel firmly established, and it may be several weeks before any goods will be placed on the market.
The capital stock of the Middletown Silver Co., as shown in the articles of incorporation, is $10,000 in shares of $25 each, 20 per cent of which has been paid in. A majority of the directors are Charles H. Savage, Elbridge S. Ferree, C. V. Schram, C. J. Bright and William L. Martin.
Source: The Jewelers' Circular - 8th November 1899