. The watch factories of America, past and present. A complete history of watchmaking in America, from 1809 to 1888 . 76 THE WATCH FACTORIES OF AMERICA the stockholders decided to sell out if a buyer could befound. Some thirty odd movements were finished at thistime, all of them given to stockholders and friends, andnone being placed on the market. A company was organized in Rock Island, Illinois, andafter an inspection of the machinery, decided to purchase price paid for the plant was $40,000 : $35,000 in stockof the new company, and a note for the balance. No avail-able si
. The watch factories of America, past and present. A complete history of watchmaking in America, from 1809 to 1888 . 76 THE WATCH FACTORIES OF AMERICA the stockholders decided to sell out if a buyer could befound. Some thirty odd movements were finished at thistime, all of them given to stockholders and friends, andnone being placed on the market. A company was organized in Rock Island, Illinois, andafter an inspection of the machinery, decided to purchase price paid for the plant was $40,000 : $35,000 in stockof the new company, and a note for the balance. No avail-able site could be found for the factory at Rock Island, andaccordingly the town of Milan, some seven miles below thecity, was selected as a fitting place for the factory. Theofficers of the companyAvere, J. A. Wilson, Pres-ident; CM. Aiken, Sec-retary and Business Man-ager. Frank Leman, nodesigner for the ElgCompany, was engage Ias Superintendent. , of Chicago,made the model watch forthe Company, which wassomewhat like the Mo-. FREEPORT MOVEMENT. zart movement. Afterthe machinery was moved to Milan, and placed on the floorof the new building, the stockholders came to the conclu-sion that it was not just what they wanted, and refusedto pay the notes for $15,000. The Mozart Company-sent a representative to Milan to arbitrate their claim, whichresulted in the return of the machinery to the MozartCompany and the payment of $5,000. In 1874 a stock company was formed at Freeport, Illinois,with a capital of $250,000. The incorporators and officersof this company were residents of Ann Arbor, Michigan, PAST AND PRESENT. 77 and Freeport, Illinois. Part of the old Mozart plant waspurchased for $51,000; $1,000 cash and $50,000 in stock inthe new company. A brick building was erected in Free-port, 40x100 feet and the machinery moved into it. Thiscompany never manufactured many movements, however,as the factor}- was burned down on the night of October 21,1875, and the building and conte
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