Ashcroft's Railway Directory, 1864 |
Whipple File started in 1859, with William P. Pierce, a Boston dry goods merchant, as president. Its offices and sales room were at 34 Kilby St., Boston, Massachusetts, and the plant was at Ballard Vale (also spelled Ballardvale), MA. Whipple took over John Marland's machine shop in 1860, then built its own works. Whipple was highly capitalized, $1 million in 1866, which it invested in a large works, machinery, steel making, and advertising. It suffered negative publicity when its files were included in a 65-day trial in 1865, The United States versus Franklin W. Smith. Mr. Smith was accused of supplying substandard goods, including Whipple files, to the Charlestown Navy Yard during the Civil War.
Whipple failed in 1869 with a total loss of $2 million, in part because of resistance to machine-cut files. This must have been one of the the largest business failures of the time. The 4-acre works remained vacant until 1883. The task of perfecting machine-cut files passed to Whipple's chief draftsman, Alfred Weed, and to William T. Nicholson, founder of Nicholson File.
Whipple failed in 1869 with a total loss of $2 million, in part because of resistance to machine-cut files. This must have been one of the the largest business failures of the time. The 4-acre works remained vacant until 1883. The task of perfecting machine-cut files passed to Whipple's chief draftsman, Alfred Weed, and to William T. Nicholson, founder of Nicholson File.
Boston Directory, 1868 |
No comments:
Post a Comment