. The watch factories of America, past and present. A complete history of watchmaking in America, from 1809 to 1888 . THE PITKIN WATCH. 26 WATCH FACTORIES OF AMERICA bad to worse, until the spring of 1S57, when the companymade an assignment. The assignee offered the propertyfor sale, and it was bid in by Mr. Royal E. Robbins for$56,500, for himself and the firm of Tracy & Baker, ofPhiladelphia, who were creditors of the defunct company,having furnished them with cases. The property con-sisted of the real estate, factory, and numerous other build-ings, the machinery, steam engine, s
. The watch factories of America, past and present. A complete history of watchmaking in America, from 1809 to 1888 . THE PITKIN WATCH. 26 WATCH FACTORIES OF AMERICA bad to worse, until the spring of 1S57, when the companymade an assignment. The assignee offered the propertyfor sale, and it was bid in by Mr. Royal E. Robbins for$56,500, for himself and the firm of Tracy & Baker, ofPhiladelphia, who were creditors of the defunct company,having furnished them with cases. The property con-sisted of the real estate, factory, and numerous other build-ings, the machinery, steam engine, shafting, etc., togetherwith the material unmanufactured and in process of THE WALTHAM FACTORY IN 1S57. The new firm was known as Tracy, Baker & Co., butMr. Baker having a case business to look after, and havinghad a good offer made him by Mr. Robbins, decided to sellout his interest. Mr. Robbins then associated himself withMr. James Appleton, and the firm was known as Appleton,Tracy & Co. The winter of 1857 pioved a rough one forthe new company. Money was scarce and times hard, andin the spiing following Mr. Robbins about made up hismind to remove the factory nearer to New York, whichwas then the market for his goods. He finally made theImprovement Company a proposition to consolidate, which PAST AND PRESENT. 27 was accepted, the Watch Company being put in at $225,-000 and the Improvement Company at $75,000. The con-soHdation took place in the summer of 1858. Early in theyear 1859 the name of the company was changed to theAmerican Watch Company, with a capital stock of $300,-000, Mr. Robbins being elected treasurer and general busi-ness manager. Joh
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