English and American tool buildersRoe, Joseph Wickham
History
English and American tool builders
Roe, Joseph Wickham
Industrial arts -- Biography; Machine-tools
went into the Street Department, thinking myself
well off in this world’s goods, but the hard times of 1873 came
unexpected, and it took all my salary to furnish my family with a
respectable living, and take care of my real estate. It would have
been better to let the whole go and pass through bankruptcy as many
others did. My pride and the name of my family prevented me from
doing this. It was a mistake but cannot now be helped. I have served
18 years as Supt. of Streets in Hartford, 9 years on Water Board, 14
years on Fire Board as Chairman, 4 years on Board of Aldermen, and
one year on Council Board, 46 years in all.
NOTE
When we first commenced the gun business at Windsor we commenced
building nice machinery, made many machines for other gun makers.
Made at Windsor for the English Government most of their gun machines
for the Enfield armory. We ran a regular machine shop also. In
Hartford we ran a machine shop and Sharps Co. continued the work.
In Hartford made most of the machines used in the factory, and many
others for the English and Spanish Governments, and other Gun and
Sewing Machine Makers. Started the manufacturing of gun machinery in
Hartford which brought Pratt and Whitney into the business. I tried
to have Sharps Co. enter into the business more extensively as there
were bright prospects in the future, but they could not see it, and
declined. Sharps Co. commenced on a capital of $100,000, increased it
to $125,000. The stockholders were paid back their full subscription
of stock, about $200,000 in dividends. Sharps was paid $1.00 on each
gun made; Penfield was paid about $1.25 on each gun or 10 per cent on
all sales. The Company could not agree on anything and sold out the
whole plant for about $225,000. It will be seen that the stockholders
made a good thing out of the enterprise. This was all accomplished by
the use and skill of my brain, as I had the full charge and control
of the business. If the Company had taken my urgent advice they might
today be in the position and place of the Pratt & Whitney Co. One of
my misfortunes in business all my life was being engaged with men not
mechanics, therefore not being able to comprehend the points coming
up every day in business. Sharps Co. had the chance of taking several
contracts which I worked up for them where the profits would have
been over half a million. They could not see it and declined. When
too late they saw their mistake.
NOTE 2
I introduced the first edging machine ever in use, on the Sharps gun
in Windsor. The principle of this machine is now in general use. Also
introduced the first machine for pressing on car wheels on a taper
without splining or keying. This was done at Windsor. This principle
has since been used in all Rail Road shops. Made a great mistake in
not securing patents on both of the above.
NOTE 3
Public-domain text, read in full here on John Shaqi.
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