History of the town of Oxford, Massachusetts, with genealogies and notes on persons and estates . athing of the past.^ Oxford Woolen Company. A little later a company wasformed for manufacturing woolen goods at this locality, and Pierce,Kichard Olney, Stearns Witt and Samuel Dowse were the leaders inthe scheme. During 1825 the real estate and water-power weresecured, a new dam begun and the main factory building erected andbrought well on toward completion. At the beginning of 1826 achange occurred. Dr. Pierce withdrew, and on 26 January a newcompany was formed under the following compact:— We
History of the town of Oxford, Massachusetts, with genealogies and notes on persons and estates . athing of the past.^ Oxford Woolen Company. A little later a company wasformed for manufacturing woolen goods at this locality, and Pierce,Kichard Olney, Stearns Witt and Samuel Dowse were the leaders inthe scheme. During 1825 the real estate and water-power weresecured, a new dam begun and the main factory building erected andbrought well on toward completion. At the beginning of 1826 achange occurred. Dr. Pierce withdrew, and on 26 January a newcompany was formed under the following compact:— We, UiclKinl Oliu-y, Lyman Tittany, Stearns Witt, Sylvanus Holbrook,Sanuicl Dowse and Alexander C. Witt, do severally ajrree to form ourselvesinto a coiui)any under tlie name of tlic Oxford Woolen MauufaeturingCompany for the term of live years from the first day of January, A. (>, for the purtx^seof manufucturini>- Woolen Goods in its various brauehes,and Iransaeting any other business the stockholders may think proper. [Signed by the above-named persons.] 1 See Slgourney MIU. rw. OXFORD WOOLKN COMTANY. 199 On the same day a deed of the real estate was executed by DavidNichols running to this company. During 1826 the mill buildingerected by Collins and Rufus Moore of Dudley was completed, thebreast water-wheel aud the fulling-mills were finished by Israel Sibley,and under the charge of William F. Morgan, during the fall andwinter of 1826-7, machinery was set up and put in operation. Inthe spring of 1827 two sets of cards were running and five houses,including the old Nichols house, were standing on the premises. In1828 the boarding-house and other dwellings were built by Willardand Daniel Underwood of Pomfret, Conn. In the latter part of 1827an addition was made to the mill, and early in 1828 another set ofcards added, increasing the producing capacity one-third.^ On 28 Feb., 1828, the company was incorporated with power tohold real estate to the amount of $50,000,
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