. figures were in low-relief, and the ornament was formed of scrollsand sprays, after the fashion of the adornment of Corbins No. 52 1215 drawer pull, No. 3072 chest handles, and Nos. 1279 and 1280 bird-cage hooks. In 1879, the manufacture of cabinet locks was decided upon. Prior tothat time nothing in the way of cabinet locks had been made by the company,but now plans were made to cover this particular field with the same thorough-ness that had been displayed in other directions. Up to 1880, the capitalstock of the company
. figures were in low-relief, and the ornament was formed of scrollsand sprays, after the fashion of the adornment of Corbins No. 52 1215 drawer pull, No. 3072 chest handles, and Nos. 1279 and 1280 bird-cage hooks. In 1879, the manufacture of cabinet locks was decided upon. Prior tothat time nothing in the way of cabinet locks had been made by the company,but now plans were made to cover this particular field with the same thorough-ness that had been displayed in other directions. Up to 1880, the capitalstock of the company hadremained Fifty ThousandDollars, the capitalizationat the time the corpora-tion was formed. Thelarge sums which hadbeen taken from theearnings and rein-vested in land,buildings, andequipment madethe amount of cap-ital stock inade-quate, and onFebruary 26,1880, it was votedto increase the capitalstock to Five HundredThousand Dollars, thestockholders subscribing forthe new issue in proportion totheir holdings. The officers ofthe company had been satisfied64. HISTORYOF THE HOUSE OF P. & F. CORBIN with small salaries and the dividends to stockholders had been kept low, inorder to provide the necessary funds for expansion, and every dollar of thecapital stock was covered by tangible assets. With the increase in capital stock came a partial reorganization of thecompany. A new charter was procured, better suited to the enlarged scope ofthe business, and duly accepted by the stockholders. The number of directorswas increased to seven, the new board consisting of Philip and Andrew Corbin,Oliver Stanley, N. G. Miller, John B. Talcott, E. Strickland, and George Prior to this time, shipments to the territory outside of New Englandhad been made from the New York store, a stock being sent there from whichorders were filled, but it was found to be cheaper, with the improved transpor-tation facilities, to make shipments direct from the factory, and only such goodswere sent to New Yo
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Keywords: ., bookcentury1900, bookdecade1900, bookidhistoryofhou, bookyear1904
