![]() From 1896 to 1916, they sold over 40 million of these watches at $1 each. These watches were branded with the Ingersoll name, and they became quite profitable. 1892 saw the company forming a subsidiary called the Waterbury Watch Company, and this new division started to produce inexpensive low-end pocket watches for the Ingersoll Company, with each selling for a dollar. ![]() The catalog expanded in 1891 up to 304 models and 175 pages. The Waterbury Company published its catalog in 1881 that was exclusively listed in clocks, and it offered 94 different varieties. The distribution of Waterbury Clocks happened by 1875 through sales offices in San Francisco and Chicago. It was at a catalog distributed by a New York sales agency known as the American Clock Company, representing many other clock manufacturers.įrom 1869 to June 1870, the business was booming, and the company manufactured 96,000 movements, 82,000 completed clocks, and 85,000 cases. The two factories were later rebuilt, and from that point, the business took off, with the first listing of their clock published in 1867. But misfortune struck them again as the factories were destroyed by fire, although it is something that used to happen a lot during that era. After the end of the American Civil War, the Waterbury Clock Company developed two factories specifically for building clock cases. He was later replaced by the son of Eli Terry, a popular clockmaker. However, there was a tragedy in 1861 as Noble Jerome died from an accident when a balustrade fell from a building that he was passing by. Noble Jerome was hired and made the chief foreman of movement production. ![]() Many of the other shareholders were also part of the Benedict & Burnham Company. On March 5th, 1857, the formal incorporation of the Waterbury Clock Company took place, and G.W Burnham, together with Aaron Benedict, became the largest shareholders, making them own over one-third of the 2,400 shares among them. However, after just 8 months, Jerome left the case making the operation taken over by Edward Church, his foreman. Benedict & Burnham offered Chauncey Jerome a lease on a certain building near the Waterbury Factory to make cases that would house Benedict & Burnham’s produced movements. The Jerome Manufacturing Company went bankrupt in 1856. They set up a plant to manufacture brass movement in a building just right next to the main brass manufacturing plant. In 1855, they hired Noble Jerome, the younger son of Chauncey Jerome. Benedict & Burnham went to start their own clock manufacturing company in Waterbury, Connecticut. However, later on in 1853, the Jeromes went on to buy the Benedict & Burnham investors, and the company made a 21 percent profit over the initial invested capital. ![]() It was established in New Haven, Connecticut, where the Jeromes used to manufacture clocks. The business was incorporated in 1850 and was given the name Jerome Manufacturing Company. They first entered the clock business through a joint venture with the clockmaker Chauncey Jerome, his son Samuel, and Benedict & Burnham’s directors from 1793 to 1868. Therefore, this made them control the entire supply chain from the raw materials to finished products. Since the brass demand was so high, it was common for the brass manufacturer like Benedict & Burnham to grow their business by developing clock movements. It was a subsidiary of Benedict & Burnham, a manufacturer of brass sheeting and buttons, among other brass products.īy the 1840s, millions of brass clock movements were used by people, and they were also manufactured by various companies like Ansonia Clock Company, Seth Thomas, and Wm. The Waterbury Clock Company is a watch manufacturing company that was founded in 1857. ![]()
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