Postby dognose » Thu Dec 01, 2016 2:29 pm
Bailey & Co., 1869 - Bailey, Banks & Biddle Co., 1919
On Sept. 20, 1832, Joseph Trowbridge Bailey and Andrew B. Kitchen formed a co-partnership under the firm name of Bailey & Kitchen for the manufacture and sales of silverware, jewelry and kindred articles, and began business at 136 Chestnut St., which is on the South side of Chestnut St. east of 5th St., on the site now occupied by the Drexel building. Mr. Kitchen died in 1840.
The business was continued under this name until 1846, when E. W. Bailey formerly of Maiden Lane, New York, the brother of Joseph Trowbridge Bailey, and Jeremiah Robbins and James Gallagher, formed a co-partnership under the name of Bailey & Co. and continued business at the same place until 1859, when the company constructed a new modern building at 819 Chestnut St.
Joseph Trowbridge Bailey died on March 15, 1854 and Joseph Trowbridge Bailey, 2nd, entered the business in 1851 and was admitted to the company upon reaching his 21st year in 1856.
The old building at 136 Chestnut St. was sold to the United States Government and was a part of the plot upon which the Post Office Building was erected adjoining the old Custom House; the Old Custom House still remains in the same place.
In 1868 Bailey & Co. removed to the southeast corner of 12th and Chestnut Sts, occupying the entire first floor and basement but with their factories located in other buildings, which were later gathered in the new building which they erected at the southwest corner of 12th and Sansom Sts.
In 1878 Joseph T. Bailey, 2nd, of Bailey & Co., George Banks of J. E. Caldwell & Co., and Samuel Biddle of Robbins, Clark & Biddle, formed a co-partnership under the name of Bailey, Banks & Biddle, continuing business at the same address.
Mr. Biddle retired in 1893 and on March 2, 1894, the business was incorporated under the title of the Bailey, Banks and Biddle Co., with Joseph Trowbridge Bailey, 2nd, as president, Charles W. Bailey as vice-president and treasurer, Clement Weaver as secretary.
In 1903 and 1904 the present modern 10-story building was erected at 1218-20-22 Chestnut St. with a floor space of 76x230 and an eight-story factory 75x75, and occupied by the Co.
Clement Weaver died June 14, 1913, and Joseph T. Bailey, 2nd, died February 3, 1918. The present officers are Charles W. Bailey, president; Wilson A. Streeter, vicepresident and treasurer; David E. Hilsee, secretary.
Source: Philadelphia and Its Old Jewelers - Brief Sketch of a Few of the Leading Quaker City Houses, Which Can Trace Their Business History Over Half a Century—A Jewelers' Directory of 1869. - The Jewelers' Circular - 5th February 1919
Trev.