Yale and Towne Manufacturing Company (Specimen)

Yale and Towne Manufacturing Company (Specimen)
Item# 4286yale

The Yale & Towne Manufacturing Company was formed in Stamford, Connecticut in 1868 when Linus Yale, Jr. and Henry R. Towne (who had worked for William Sellers & Company, machine tool makers in Philadelphia) formed the Yale Lock Manufacturing Company. Towne was only twenty-four when they began together and three months later, Yale died. Originally, the company manufactured locks but in 1878, it began making chain blocks, hoists, and later cranes and testing machines. Two years later, crane production was organized into a separate department; Towne eventually sold the department to the Brown Hoisting Machine Company of Cleveland, Ohio in 1894.

In 1882, Towne undertook the building of Emery Testing Machines, used in materials testing; however, he sold that branch of the company to William Sellers & Company only five years later. In 1889, Towne purchased the rights to Thomas A. Weston's Triplex Block, a variation on Weston’s differential pulley block, which he invented in 1854. In 1920, Yale & Towne acquired C.W. Hunt, manufacturer of industrial platform trucks. Within the next three years, the company redesigned the entire line.

The company moved this division to Philadelphia in 1931; they set up shop in Bridesburg. Two years later, it acquired the Walker Vehicle Company, manufacturers of electric trucks and electric automobiles. In 1938, Yale & Towne introduced the first electric sit-down fork-lift truck.

Yale & Towne relocated its facilities to a newly constructed plant on Roosevelt Boulevard in 1948. Two years later, they added LP gas, gasoline, and diesel-powered trucks to its line. The company was acquired by Eaton Manufacturing Company in 1963 and the merger produced Eaton Yale & Towne, Inc.

Close Up of Vignette

Certificate: Capital Stock, specimen, mid 1900’s

Printer: American Bank Note Company

Dimensions: 8” (h) x 12” (w)

State: CT-Connecticut

Subject Matter: Consumer Products | Manufacturing and Production | Hardware and Tools | Specimen Pieces

Vignette Topic(s): Allegorical Featured | Allegorical Nike | Allegorical Gabriel | Company Logo Featured

Condition: No fold lines, punch hole cancels in the signature areas and body, very crisp.

All certificates are sold only as collectible pieces, as they are either canceled or obsolete. Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. Unless otherwise indicated, images are representative of the piece(s) you will receive.