Plymouth memories of an octogenarianDavis, William T. (William Thomas)
History
Plymouth memories of an octogenarian
Davis, William T. (William Thomas)
Plymouth (Mass.) -- History
decided upon for the factory was in the north part of Plymouth, on a
stream supplied by two brooks, one of which was called Nathans brook,
after Nathan Holmes, the grandfather of Gideon F. Holmes, the present
treasurer of the company, the capacity of which was twenty horse
power. Thus it seems evident that any very considerable growth of
the establishment was not anticipated. The part of Plymouth selected
for the factory was called in Pilgrim days, “Plain Dealing,” but in
my boyhood, Bungtown, and a little later, North Town. When the Old
Colony Railroad established a station there they unwittingly adopted
practically the old Pilgrim “Seaside,” as “Plain Dealing” meant a
plain by the sea. The growth of business set in at a very early day,
and up to 1883, when the capital stock of the company was increased
to half a million of dollars, only forty-four thousand dollars had
been paid in, and all the remainder of the half million had been
furnished by the profits of the company. In 1894 the capital was
still further increased to a million, all of the increase being
furnished by the stockholders. To meet the growth of the factory
business the original water power was supplemented by steam engines
in 1837, 1839, 1850, 1868, 1888, and 1900. The last two of these are
of 1500 and 1600 horse power. In 1827 the sales of cordage amounted
to 601,023 pounds, and in 1899 to 19,597,644 pounds. In addition to
the above, while the first lot of binding twine sold in 1882 amounted
to 384,820 pounds, the sales of the same in 1899 amounted to
27,905,981 pounds, and the entire product of the factory is estimated
to be about one-seventh of the product of all the Cordage companies
in the United States. Of the large cables made by the Company I have
personal knowledge of one of fifteen or fifteen and a half inches.
About the year 1865, an English steamer, named, I think, “Concordia,”
was wrecked on Cape Cod and bought by Boston parties. The cable,
to which I refer, was ordered for the purpose of hauling her off
shore. I was told by Osborne Howes, one of the purchasers that within
forty-eight hours after it was coiled on the beach the junk men
cut it up and carried it off. The steamer was got off and towed to
Boston, where she was lengthened and refitted for service.
Public-domain text, read in full here on John Shaqi.
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