The Walden Condensed Milk Company was organized in 1864 with a proposed capital of $50,000. But it was reorganized three years later under the name of the Highland Condensed Milk Company. The enterprise was finally abandoned soon afterward and the buildings were used by the Walden Soap Works. The Walden Brickyard began operations in 1868 with James Gowdy at its head. The Walden Knife Company was established in 1870 with W. E. Gowdy as president. It is entirely devoted to pocket cutlery. In 1891 Mr. Edward Whitehead became its president, since which time the industry has forged rapidly ahead, with the annual payroll exceeding a quarter of a million dollars. The Schrade Cutlery Company was organized in 1904. It is under the direct management of George Schrade and his brother, J. Louis Schrade. The Rider-Ericsson Engine Company, manufacturers of hot air pumping engines, is also a very important industry, giving employment to 125 men. The Wooster Manufacturing Company, makers of pants and overalls, conducts an extensive and increasing business. The firm of William Crabtree & Sons, manufacturers of worsted yarns with plants in Montgomery village and Newburgh, conducts an important industry. This was established in 1880 by William Crabtree and Arthur Patchett, both now deceased. Two hundred persons are given employment by this progressive firm. The New York Condensed Milk Company established a very extensive branch of its business just north of Walden in 1880, at an initial cost of $200,000, and the buildings and entire plant have been greatly enlarged and improved since that time. It was intended to receive the milk from 5,000 cows at the outset. John G. Borden, who became one of the most prominent and progressive men in that region in after years, was the first president of this important plant. Since his death the great enterprise, with its model farms, has been carried on most successfully by his daughters, and it is still one of the great show places of this region of the State. The farms, though mainly in Ulster County, are highly cultivated and operated under the most modern methods. HISTORIC HOMES.