Co-operative Silver Plated Ware Company Organizing in Middletown, Conn.
Middletown, Conn., Aug. 10. All indications point to the speedy formation of a silver plate company in this city. It is to be a joint stock corporation, and the papers of incorporation are already being drawn up and will be sent to the Secretary of State in a few days. The incorporators are all old employes of the Middletown Plate Co., and so far no stock has been subscribed for except by these men. In a few days the books will be opened and the public generally will be invited to subscribe for stock. The proposed company have the option of several buildings in this city that are adapted for their work.
It is understood that the employes have agreed to work at moderate wages, trusting that the dividends will be large enough to give them a fair livelihood. None but skilled workmen will be employed, and it is not expected that at first over 40 men will be at work.
Source: The Jewelers' Circular and Horological Review - 16th August 1899