Lynn: its representative business men and points of interest . ny and proceeded to re-organize the Ameri-can. Its name was changed to the Thomson-Houston Electric Company, its capital was increasedto $250,000, audits factory was removed from New Britain to Lynn. This was in the fall of 1883, and the company then gave employment to about seventy-five hands. The records show LYNN AND ITS POINTS OF INTEREST. 25 that January i, 1884, the company employed 144 hands, and that the total pay-roll for 1884 was$92, Just eight years later, on January i, 1892, the company employed 3,492 hands, andt
Lynn: its representative business men and points of interest . ny and proceeded to re-organize the Ameri-can. Its name was changed to the Thomson-Houston Electric Company, its capital was increasedto $250,000, audits factory was removed from New Britain to Lynn. This was in the fall of 1883, and the company then gave employment to about seventy-five hands. The records show LYNN AND ITS POINTS OF INTEREST. 25 that January i, 1884, the company employed 144 hands, and that the total pay-roll for 1884 was$92, Just eight years later, on January i, 1892, the company employed 3,492 hands, andthe pay-roll for the year 1891 amounted to $1,518, These figures tell their own story ofphenomenal development, and it goes without saying that an enterprise which now affords em-ployment to about 4,000 people is a most important factor in Lynns prosperity. The manufac-ture of electric lighting machinery is now but one of several great industries carried on by thecompany, the most important of which is the manufacture of electric dynamos and motors for. ELECTRIC FOUNTAIN AND COMMON. Street railway service. By far the larger part of American electric railways are equipped by thiscompany, and some idea of the magnitude of the demand may be gained from the statement thatin January, 1890, there were 80 railway companies using electricity; in January, 1892, there were204, using 2,769 cars with 2,363 miles of track. The business of the company in 1883 amountedto $426,000. The business during the latest fiscal year exceeded $12,000,000. The amount ofmaterial used in a year will also show the magnitude of the business, and indicates that Lynn iswell up to the times as regards transportation facilities. There was used, of iron of all kinds18,000,000 pounds, at a cost of $500,000. Of copper, 6,000,000 pounds worth $1,000,000. Ofbrass, 2,000,000 pounds, worth $320,000. The total purchases of material equalled $3,500, piece of machinery leaving the great factories of this co
Size: 2088px × 1196px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bo, bookcentury1800, bookdecade1890, bookidlynnitsrepresent00newy
