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Stafford Mills
| Firmenname | Stafford Mills |
| Ortssitz | Fall River (Mass.) |
| Art des Unternehmens | Textilfabrik |
| $Anmerkungen | Herstellung von Shirtings. Stafford Mills (three mills), organized in 1870 with a capital of 500,000 was reorganized in 1871 with Foster H. Stafford as president and Shubael P. Lovell as treasurer. The mill had 38,800 spindles. It was closed in 1929. |
| Quellenangaben | [Earl: Centennial history of Fall River (1877) 131] [Phillips: Phillips History of Fall River 2 (1944) 127] |
| Zeit |
Ereignis |
| 12.12.1870 |
Eingetragen unter den General-Statuten von Massachusetts mit einem Kapital von 500.000, in Anteilen von je 100. Foster H. Stafford wird zum Präsidenten und Agenten gewählt und Shubael P . Lovell zum Angestellten und Finanzleiter, mit folgendem Direktorium: F. H. Stafford, Samuel Hathaway, Charles P. Stickney, Robert T. Davis, William C. Davol, William L. Slade, Danforth Horton, Edmund Chase und Weaver Osborn. |
| 04.1871 |
Beginn der Gründungsarbeiten |
| 01.1872 |
Die Arbeit an einigen Teilen der Maschinenausstattung beginnt. |
| Produkt |
ab |
Bem. |
bis |
Bem. |
Kommentar |
| Baumwollgarn |
1872 |
Beginn |
1877 |
[Cent. hist. of Fall River (1877) 130] |
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| Baumwollgewebe |
1872 |
Beginn |
1877 |
[Cent. hist. of Fall River (1877) 130] |
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| ZEIT | 1877 |
| THEMA | Beschreibung |
| TEXT | Was organized under the General Statutes of Massachusetts, December 12th, 1870, with a capital of $500.000, in shares of 100 each. Foster H. Stafford was elected president and agent, and Shubael P. Lovell clerk and treasurer, with the following board of directors: F. H. Stafford, Samuel Hathaway, Charles P. Stickney, Robert T. Davis, William C. Davol, William L. Slade, Danforth Horton, Edmund Chase, and Weaver Osborn. On the 18th of March, 1871, this corporation was dissolved, and the subscribers, twenty-two in number, reorganized under a special charter granted by the commonwealth to Charles P . Stickney, Samuel Hathaway, Foster H. Stafford, and their associates, as the "Stafford Mills," with a capital of 550.000. The persons chosen officers in the first organization were elected to the same positions under the special charter. The company assumed the name of "Stafford Mills", in honor of their president, who was the projector of the enterprise, and whose long experience, untiring devotion to the business, and proved skill and success had justly earned him the confidence and esteem of his associates. Mr. Stafford is one of the few practical manufacturers of today, whose life has compassed almost the whole range of cotton manufacture from its beginning in this country. Having entered the mill when a boy, scarcely more than seven or eight years of age, he has been connected with it in various capacities for more than fifty years. Coming to Fall River in 1842, he was for ten years the superintendent of the old Fall River and Annawan manufactories. When Mr. Lazarus Borden resigned the superintendency of the Metacomet Mill, that, too, was joined to these, and he continued in the charge of all three until 1859. Desiring then to enter into business for himself, he removed to Pawtucket,
and with his brother commenced the manufacture of thread. In 1859 the new enterprise of the Union Mill was projected, and the managers, in casting about for some one to superintend the operations, speedily placed themselves in communication with Mr . Stafford, and the success of that experiment was due in no small degree to the practical knowledge and skill of Mr. Stafford. After ten years' service at the Union Mills, during which a second mill was built, of twice the capacity of the first, without any increase of capital or assessment on the stockholders, dividends paid amounting to several times the original subscription, and the stock increased more than five-fold in value, leading the way for many enterprises of a similar character which have followed - Mr . Stafford resigned his position, and with Mr. Samuel Hathaway and others organized and put into successful operation the new enterprise of the "Stafford Mills". Land was purchased at a spot known as "White Brook", at the junction of the old Bedford road and Pleasant street, not far distant from the upper part of the Quequechan River. Work on The foundation was begun in April, 1871, and some portions of the machinery were started the next January. The mill is built of granite, 374 feet long, 70 feet wide, and five stories high, with an L for engine-house, boilers, picker-house, etc. Stairways are placed at each end, and thus the whole space is rendered available, while safe means of ingress and egress are afforded. As Mr. Stafford quaintly says, "Towers don't pay dividends" - the tower was omitted. The machinery is partly foreign, and occasioned considerable delay in starting up the mill on account of its non-arrival. The engine is a double Corliss of 600 horse-power, and is supplied with steam by twenty-four cylinder boilers. Water is drawn from the Quequechan River, the Brook water not proving quite clear enough generally for manufacturing purposes, though it could be used if a better supply were not near at hand. The mill contains 34.928 spindles and 860 looms, and manufactures 10.000.000 yards of print cloth, 64 by 64, per annum. It is lighted by gas
from the Manufacturers' Gas Company, and has all the modern appliances for protection against fire. The company, instead of buying land and building tenements for their operatives, adopted the plan of loaning the necessary capital to those owning land in the neighborhood and taking leases of the houses erected by them; thus securing the accommodations required, helping the land-owners near by, and saving so much of an investment in unproductive real estate and depreciation in buildings. One hundred and twenty-four tenements were built and leased on these terms, and within a few years the money loaned was repaid, and the ownership fully vested in the original proprietors of the land - a specimen of co-operative ownership which might perhaps be profitably followed in other communities and in other departments of trade. The company now owns about fifteen acres of land, including its mill site. The present number of stockholders is forty. |
| QUELLE | [Earl: Centennial history of Fall River (1877) 131] |
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