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Beaver Falls Cutlery Company
Beaver Falls Cutlery Company, Beaver Falls, Pennsylvania, is a former company which manufactured steel cutlery, razors and pocketknives. The company was founded as Binns & Mason in 1866 by skilled cutlers from Sheffield, West Riding of Yorkshire, England, as a small enterprise making pocketknives in Rochester, Pennsylvania, then it briefly became The Pittsburgh Cutlery Company. It was purchased in 1867 by the Harmony Society, brought to Beaver Falls, and developed for mass production, to employ 300 people and to cover a two-acre site. In 1872 it suffered a labor dispute which was resolved by the employment of up to 225 Chinese workers. In 1876 it produced the "largest knife and fork in the world," of its time, for display at the Centennial Exposition. The company closed in 1886. Foundation The company was founded in 1866 as Binns & Mason, by Edward Binns and Samuel Mason, for the manufacture of pocket knives in nearby Rochester. Mason, inventor of an improved tang for iron- ...
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Joint-stock Company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ...
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Lion (heraldry)
The lion is a common charge in heraldry. It traditionally symbolises courage, nobility, royalty, strength, stateliness and valour, because historically the lion has been regarded as the "king of beasts". The lion also carries Judeo-Christian symbolism. The Lion of Judah stands in the coat of arms of Jerusalem. Similar-looking lions can be found elsewhere, such as in the coat of arms of the Swedish royal House of Bjelbo, from there in turn derived into the coat of arms of Finland, formerly belonging to Sweden. History The animal designs in the heraldry of the high medieval period are a continuation of the animal style of the Viking Age, ultimately derived from the style of Scythian art as it developed from c. the 7th century BC. Symmetrically paired animals in particular find continuation from Migration Period art via Insular art to Romanesque art and heraldry. The animals of the "barbarian" (Eurasian) predecessors of heraldic designs are likely to have been used as ...
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Investor
An investor is a person who allocates financial capital with the expectation of a future Return on capital, return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Types of investments include Stock, equity, Bond (finance), debt, Security (finance), securities, real estate, infrastructure, currency, commodity, Exonumia, token, derivatives such as put and call Option (finance), options, Futures contract, futures, Forward contract, forwards, etc. This definition makes no distinction between the investors in the primary and secondary markets. That is, someone who provides a business with capital and someone who buys a stock are both investors. An investor who owns stock is a shareholder. Types of investors There are two types of investors: retail investors and institutional investors. Retail investor * Individual investors (including Trust law, trusts on behalf of individuals, and umbr ...
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Manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final p ...
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Joint-stock Company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ...
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United States Congress
The United States Congress is the legislature of the federal government of the United States. It is bicameral, composed of a lower body, the House of Representatives, and an upper body, the Senate. It meets in the U.S. Capitol in Washington, D.C. Senators and representatives are chosen through direct election, though vacancies in the Senate may be filled by a governor's appointment. Congress has 535 voting members: 100 senators and 435 representatives. The U.S. vice president has a vote in the Senate only when senators are evenly divided. The House of Representatives has six non-voting members. The sitting of a Congress is for a two-year term, at present, beginning every other January. Elections are held every even-numbered year on Election Day. The members of the House of Representatives are elected for the two-year term of a Congress. The Reapportionment Act of 1929 establishes that there be 435 representatives and the Uniform Congressional Redistricting Act requires ...
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Storey
A storey (British English) or story (American English) is any level part of a building with a floor that could be used by people (for living, work, storage, recreation, etc.). Plurals for the word are ''storeys'' (UK) and ''stories'' (US). The terms ''floor'', ''level'', or ''deck'' are used in similar ways, except that it is usual to speak of a "16-''storey'' building", but "the 16th ''floor''". The floor at ground or street level is called the "ground floor" (i.e. it needs no number; the floor below it is called "basement", and the floor above it is called "first") in many regions. However, in some regions, like the U.S., ''ground floor'' is synonymous with ''first floor'', leading to differing numberings of floors, depending on region – even between different national varieties of English. The words ''storey'' and ''floor'' normally exclude levels of the building that are not covered by a roof, such as the terrace on the rooftops of many buildings. Nevertheless, a flat r ...
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Ambridge, Pennsylvania
Ambridge is a borough in Beaver County, Pennsylvania, United States. Incorporated in 1905 as a company town by the American Bridge Company, Ambridge is located 16 miles (25 km) northwest of Pittsburgh, along the Ohio River. The population was 6,960 at the 2020 census. History Early history The town is near the location of Legionville, the training camp for General "Mad" Anthony Wayne's Legion of the United States. Wayne's was the first attempt to provide basic training for regular U.S. Army recruits and Legionville was the first facility established expressly for this purpose. The Harmony Society first settled the area in the early 19th century, founding the village of "Ökonomie" or Economy in 1824. Although initially successful, accumulating significant landholdings, the sect went into decline. By the end of the 19th century, only a few Harmonists remained. The Society was dissolved and its vast real estate holdings sold, much of it to the American Bridge Company, who s ...
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Chartered Company
A chartered company is an association with investors or shareholders that is incorporated and granted rights (often exclusive rights) by royal charter (or similar instrument of government) for the purpose of trade, exploration, and/or colonization. Notable chartered companies (with years of formation) Austrian British The article ''Chartered Companies'' in the ''Encyclopædia Britannica'' Eleventh Edition, by William Bartleet Duffield, contains a detailed narrative description of the development of some of the companies in England and, later, Britain. Dutch English French German Polish-Lithuanian Portuguese Russian *1799–1867 Russian-American Company Scandinavian Scottish Spanish Italian From 3 August 1889 to 15 May 1893 Filonardi was the first Governor of Italian Somaliland and was in charge of an Italian company responsible for the administration of the Benadir territory, called Societa' Filonardi. *1889 – 1893 Filonardi Company Zionis ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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Protectionism
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents argue that protectionist policies shield the producers, businesses, and workers of the Import substitution industrialization, import-competing sector in the country from foreign competitors. Opponents argue that protectionist policies reduce trade and adversely affect consumers in general (by raising the cost of imported goods) as well as the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries protected against. Protectionism is advocated mainly by parties that hold Economic nationalism, economic nationalist or left-wing positions, while economically right-wing political parties generally support free trade. There is a consensus among economists that protectioni ...
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Sheffield Outrages
The Sheffield Outrages were a series of explosions and murders by a small group of trade unionist militants carried out in Sheffield, England in the 1860s. Sheffield's early success in steel production had involved long working hours, in conditions which offered little or no safety protection. In ''The Condition of the Working Class in England in 1844'', Friedrich Engels quotes a local doctor, Dr. Knight, regarding the so-called "Grinder's Asthma" suffered by the Sheffield cutlery workers in the mid 19th century: The city became one of the main centres for trade union organisation and agitation in the United Kingdom. By the mid-late 1860s the majority of the objectives of the Chartist movement had been frustrated. These social and political reformers had not accomplished all they had hoped to, although they had succeeded in lobbying for the establishment of the first town council in 1843. (Eventually, the great majority of the items of their 'charter' did, in fact, become law). ...
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