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Union Mill Company
| Firmenname | Union Mill Company |
| Ortssitz | Fall River (Mass.) |
| Straße | Pleasant Street |
| Art des Unternehmens | Textilfabrik (Baumwolle) |
| Anmerkungen | Auch bezeichnet als "Union Cotton Manufacturing Company" [Phillips]. Bezug zur "Union Cotton Factory" (s.d.) unbekannt. [Pillips]: Three mills, with a capital of 175,000 was incorporated in 1859, with S. Angier Chace president and David Anthony treasurer. During the financial troubles of 1879 the property was sold to creditors, reorganized and another building built, having a capital of 750,000 for 89,608 spindles. The treasurer was
Thomas E. Brayton. The plant was closed in 1929. |
| Quellenangaben | [Bishop: History of American manufacturers 3 (1868) 535] [History of Fall River (1911) 71] [Earl: Centennial history of Fall River (1877) 121] [Phillips: Phillips History of Fall River 2 (1944) 126] |
| Zeit |
Ereignis |
| 1859 |
Eintragung mit der Wahl von S. Angier Chace zum Präsidenten; David Anthony zum Finanzleiter; Simeon Borden zum Angestellten; S. A. Chace, David Anthony, Hale Remington, William Mason, Charles O. Shove und Charles P . Dring zu Direktoren. |
| 03.1860 |
Fertigstellung und Inbetriebnahme |
| 1865 |
Bau der zweiten Fabrik mit 30.000 Spindeln ohne Kapitalerhöhung |
| Produkt |
ab |
Bem. |
bis |
Bem. |
Kommentar |
| Baumwollwaren |
1859 |
Beginn |
1929 |
Ende (geschlossen) |
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| ZEIT | 1868 |
| THEMA | Firmenbeschreibung |
| TEXT | Incorporated in 1859, will be remembered as the first result of a movement to establish industries upon the basis of general subscriptions of the community. At this period steam had been introduced as a motive power into but few mills in Fall River. In the summer of this year, Mr. Hale Remington conceived an enterprise
which developed into the organization of the Union Mill Company and the erection of the No. 1 Mill of that corporation. Mr. Remington invited Mr. David Anthony, Mr. S. A. Chace, and Mr. Oliver Chace to join him. Mr. Anthony was quite advanced in years. He had been one of the early manufacturers of the town, but had retired from active business. He was of sound judgment, and his early experience made him a good adviser.
These gentlemen together fully decided upon the practicability of the movement. Mr. Oliver Chace owned a large tract of unimproved property in the southerly part of the city. He wished the mill located upon it. This land was carefully inspected, but no site was found quite satisfactory to Mr. S. A. Chace. The latter then looked over the town and selected the site upon the Quequechan River, and having taken his associates to that location, they at once agreed with him in his choice. Mr. Oliver Chace fully concurred in the wisdom of the choice, but withdrew because he wished all his investments to benefit his landed estate. The other gentlemen purchased the land and matured their plans for the erection of a print-cloth mill of about 15.000 spindles, and the organization of a corporation with a capital of $175.000, in shares of 1.000 each. This stock was soon pledged by about twenty gentlemen, whose subscriptions varied from one share to twenty. Mr. Josiah Brown was employed as architect and draftsman, and much advice was given by Mr. William C. Davol.
The erection of the mill building was commenced in the month of August and was completed in December. The cotton machinery was built by Marvel, Davol & Co., of Fall River, and William Mason, of Taunton; the engines by the Corliss Steam Engine Company, of Providence. The whole establishment was completed and in operation early in March, 1860. The corporation was organized under the General Statutes on the 31st day of December, 1859, by the election of S. Angier Chace, president; David Anthony, treasurer; Simeon Borden, clerk; and S. A. Chace, David Anthony, Hale Remington, William Mason, Charles O. Shove, and Charles P . Dring, directors.
The enterprise proved signally successful, and has led to the starting in Fall River of more than 1.000.000 cotton spindles, and a relative growth of the city in every direction. In 1865 the company erected its No . 2 Mill, of about 30,000 spindles, without any increase of the capital stock. Twenty shares of the stock have
since been purchased by the company, and the capital reduced to 155.000. The present number of stockholders is thirty-one. |
| QUELLE | [Bishop: History of American manufacturers 3 (1868) 535] |
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