Niles Enjoying A Boom

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Niles Enjoying A Boom - NILES ENJOYING A BOOM Unexampled Prosperity...
NILES ENJOYING A BOOM Unexampled Prosperity Enjoyed Enjoyed by the Big Company Work of Re.organizing the Pond Company and of Building the Berlin Plant Now In Pro gross. The Miles Tool works, at Hamilton, the stock of which is largely, held in Cincinnati, is enjoying an era of prosperity prosperity far beyond anything in its history, history, and so successful has been the plant at Hamilton that its managers are branching out. Captain J. D. Parker, one oi the directors, returned from a visit to tho plant yesterday and his report of the amount of work being turned out was a surprise to his fellow manufacturers. At the Hamilton plant work is going on night and day, the full twenty-four hours. One thousand men are now employed, employed, and the company has advertised for 100 more. The work on gnu carri- ges and mortars for the government constitutes a large part of the present work. A largo amount of these are now about ready for shipment. The recent deal of the local stockholders, by which control has been secured of the Pond Machine and Tool company, of Plainfield, N. J., has greatly increased the capacity of the company to take contracts. While no consolidation has been effected and may not be at all, the common stockholders of the Niles company company own more than half the stock of the Pond concern. Thomas Gall', director director of the Niles works, resigned to accept accept the presidency of tho Pond company, company, and Gordon Shillito, Dan Holmes and R. C. McKinney were elected directors directors to succeed those resigned from the Pond directory after selling out. But this is not the latest and least known of the new ventures of the Niles company. A Serman branch is to be established at Berlin, in conjunction with German capital. President Alexander Gordon, of the Niles company, company, is now in Berlin superintending the construction of the new German shops, which are on a most extended scale and located just outside the limits of Berlin. The shop will be thoroughly equipped to manufacture just such tools as are being turned out at the Niles plant, and all patterns and designs will be furnished from the Hamilton plant. While somewhat in the nature of a venture, it is said the directors of the Niles company were furnished convincing convincing proof that the German branch would be a success from tho start. It is said assurances have been received that no little government will be su- cured.—Commercial Tribune. of the at J. in

Clipped from
  1. The Journal News,
  2. 21 Jul 1898, Thu,
  3. Page 5

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  • Niles Enjoying A Boom

    cruther64 – 22 Jun 2013

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