Cyrus Wakefield
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Cyrus Wakefield
Cyrus Wakefield (February 7, 1811 – October 26, 1873) was a manufacturer of rattan furniture and carriage bodies, and the founder of the Wakefield Rattan Company, the largest manufacturer of rattan products at the time. The town of Wakefield, Massachusetts, is named for him. Biography About 1827, Wakefield went to Boston, where he engaged in trade. He originated the rattan business in the United States, and discovered several methods of utilizing the rattan waste, while of the split rattans he made furniture and carriage bodies. He established a large factory—the Wakefield Rattan Company The Wakefield Rattan Company was the world's leading manufacturer of rattan furniture and objects in the second half of the 19th century. Founded by Cyrus Wakefield in 1851 in South Reading, Massachusetts (now Wakefield), it perfected machinery f ...—for these manufactures in South Reading, Massachusetts, where his rattan works covered of ground. In 1868, South Reading voted to cha ...
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Roxbury, New Hampshire
Roxbury is a town in Cheshire County, New Hampshire, United States. The population was 220 at the 2020 census. History The smallest town in Cheshire County, Roxbury was incorporated in 1812 from portions of Nelson, Marlborough, and Keene. By then, settlers had established agriculture among the rolling hillsides in the area, and a community had developed at what is now called Roxbury Center. It was a "hill farm" community with some scattered small mills. Roxbury's granite quarries, among the most extensive in the Granite State at the time, provided some of the stone for the capitol building of New York in Albany. Much of Roxbury was abandoned in the Civil War, as a very high percentage of its male population was killed in battle. Other residents left after the Civil War to seek a better life in local mill villages or in the American Midwest. Otter Brook Lake, constructed by the Army Corps of Engineers in 1956–1958 to control flooding in the Ashuelot and Connecticut River ...
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Wakefield, Massachusetts
Wakefield is a town in Middlesex County, Massachusetts in the Greater Boston metropolitan area, incorporated in 1812 and located about north-northwest of Downtown Boston. Wakefield's population was 27,090 at the 2020 census. Wakefield offers an assortment of activities around the local lake, Lake Quannapowitt. History Wakefield was first settled in 1638 and was originally known as Lynn Village. It officially separated from Lynn and incorporated as Reading in 1644 when the first church (First Parish Congregational Church) and the first mill were established. This first corn mill was built on the Mill River on Water Street, and later small saw mills were built on the Mill River and the Saugus River. Thomas Parker (1609–1683) was one of the founders of Reading, and his home was in what is now downtown Wakefield (on the east side of Crescent Street where it intersects Princess Street). He also was a founder of the 12th Congregational Church (now the First Parish Congregation ...
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Wakefield Rattan Company
The Wakefield Rattan Company was the world's leading manufacturer of rattan furniture and objects in the second half of the 19th century. Founded by Cyrus Wakefield in 1851 in South Reading, Massachusetts (now Wakefield), it perfected machinery for working with rattan, developing looms for weaving chair seats and mats. Its products also included wicker furniture and baby carriages. The company also successfully found uses for previously wasted portions of the plant, using shavings to create baling fabric and floor coverings. Its products were available throughout the United States. History In 1868, Cyrus Wakefield donated a new town hall to South Reading, which renamed itself Wakefield in his honor. He was also a major benefactor and investor in the town. When Wakefield died in 1873, his company employed 1,000 workers at an site just outside the town center. In the 1890s, the company merged with Heywood Brothers, becoming the Heywood-Wakefield Company. The manufacturing facilit ...
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Rattan
Rattan, also spelled ratan, is the name for roughly 600 species of Old World climbing palms belonging to subfamily Calamoideae. The greatest diversity of rattan palm species and genera are in the closed-canopy old-growth tropical forests of Southeast Asia, though they can also be found in other parts of tropical Asia and Africa. Most rattan palms are ecologically considered lianas due to their climbing habits, unlike other palm species. A few species also have tree-like or shrub-like habits. Around 20% of rattan palm species are economically important and are traditionally used in Southeast Asia in producing wickerwork furniture, baskets, canes, woven mats, cordage, and other handicrafts. Rattan canes are one of the world's most valuable non-timber forest products. Some species of rattan also have edible scaly fruit and heart of palm. Despite increasing attempts in the last 30 years at commercial cultivation, almost all rattan products still come from wild-harvested plants. ...
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Reading, Massachusetts
Reading ( ) is a town in Middlesex County, Massachusetts, United States, north of central Boston. The population was 25,518 at the 2020 census. History Settlement and American independence Many of the Massachusetts Bay Colony's original settlers arrived from England in the 1630s through the ports of Lynn and Salem. In 1639 some citizens of Lynn petitioned the government of the colony for a "place for an inland plantation". They were initially granted six square miles, followed by an additional four. The first settlement in this grant was at first called "Lynn Village" and was located on the south shore of the "Great Pond", now known as Lake Quannapowitt. On June 10, 1644 the settlement was incorporated as the town of Reading, taking its name from the town of Reading in England. The first church was organized soon after the settlement, and the first parish separated and became the town of "South Reading" in 1812, renaming itself as Wakefield in 1868. Thomas Parker was one of t ...
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Harvard University
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and one of the most prestigious and highly ranked universities in the world. The university is composed of ten academic faculties plus Harvard Radcliffe Institute. The Faculty of Arts and Sciences offers study in a wide range of undergraduate and graduate academic disciplines, and other faculties offer only graduate degrees, including professional degrees. Harvard has three main campuses: the Cambridge campus centered on Harvard Yard; an adjoining campus immediately across Charles River in the Allston neighborhood of Boston; and the medical campus in Boston's Longwood Medical Area. Harvard's endowment is valued at $50.9 billion, making it the wealthiest academic institution in the world. Endowment inco ...
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The Savings Bank
The Savings Bank (formerly Wakefield Savings Bank) is a state-chartered mutual bank, headquartered in Wakefield, Massachusetts and founded in 1869. It is one of the oldest banks in the United States. The Savings Bank has over $720 million in assets, and 9 branches, serving residents of Wakefield, Lynnfield, Andover, Methuen, North Reading, and surrounding cities and towns. It is a wholly owned subsidiary of Wakefield Bancorp, MHC, History The Savings Bank's heritage started in early 1869 with the idea of Cyrus Wakefield, who along with other business leaders, petitioned for a charter to open a savings bank in Wakefield, Massachusetts. Starting with one physical location in 1869, the bank was chartered as the Wakefield Savings Bank. By 1871, the Wakefield Savings Bank had over $60,000 in deposits and over 500 depositors. In 1981, The Savings Bank earned national and international recognition with the opening of the first student-operated banking branch in the nation, named th ...
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The Boston Globe
''The Boston Globe'' is an American daily newspaper founded and based in Boston, Massachusetts. The newspaper has won a total of 27 Pulitzer Prizes, and has a total circulation of close to 300,000 print and digital subscribers. ''The Boston Globe'' is the oldest and largest daily newspaper in Boston. Founded in 1872, the paper was mainly controlled by Irish Catholic interests before being sold to Charles H. Taylor and his family. After being privately held until 1973, it was sold to ''The New York Times'' in 1993 for $1.1billion, making it one of the most expensive print purchases in U.S. history. The newspaper was purchased in 2013 by Boston Red Sox and Liverpool owner John W. Henry for $70million from The New York Times Company, having lost over 90% of its value in 20 years. The newspaper has been noted as "one of the nation's most prestigious papers." In 1967, ''The Boston Globe'' became the first major paper in the U.S. to come out against the Vietnam War. The paper's 2002 c ...
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Panic Of 1873
The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain. In Britain, the Panic started two decades of stagnation known as the "Long Depression" that weakened the country's economic leadership. In the United States, the Panic was known as the "Great Depression" until the events of 1929 and the early 1930s set a new standard. The Panic of 1873 and the subsequent depression had several underlying causes for which economic historians debate the relative importance. American inflation, rampant speculative investments (overwhelmingly in railroads), the demonetization of silver in Germany and the United States, ripples from economic dislocation in Europe resulting from the Franco-Prussian War (1870–1871), and major property losses in the Great Chicago Fire (1871) and the Great Boston Fire (1872) helped to place massive strain on bank reserves, which, in New York City ...
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1811 Births
Events January–March * January 8 – An unsuccessful slave revolt is led by Charles Deslondes, in St. Charles and St. James Parishes, Louisiana. * January 17 – Mexican War of Independence – Battle of Calderón Bridge: A heavily outnumbered Spanish force of 6,000 troops defeats nearly 100,000 Mexican revolutionaries. * January 22 – The Casas Revolt begins in San Antonio, Spanish Texas. * February 5 – British Regency: George, Prince of Wales becomes prince regent, because of the perceived insanity of his father, King George III of the United Kingdom. * February 19 – Peninsular War – Battle of the Gebora: An outnumbered French force under Édouard Mortier routs and nearly destroys the Spanish, near Badajoz, Spain. * March 1 – Citadel Massacre in Cairo: Egyptian ruler Muhammad Ali kills the last Mamluk leaders. * March 5 – Peninsular War – Battle of Barrosa: A French attack fails, on a larger Anglo-Portuguese-Sp ...
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1873 Deaths
Events January–March * January 1 ** Japan adopts the Gregorian calendar. ** The California Penal Code goes into effect. * January 17 – American Indian Wars: Modoc War: First Battle of the Stronghold – Modoc Indians defeat the United States Army. * February 11 – The Spanish Cortes deposes King Amadeus I, and proclaims the First Spanish Republic. * February 12 ** Emilio Castelar, the former foreign minister, becomes prime minister of the new Spanish Republic. ** The Coinage Act of 1873 in the United States is signed into law by President Ulysses S. Grant; coming into effect on April 1, it ends bimetallism in the U.S., and places the country on the gold standard. * February 20 ** The University of California opens its first medical school in San Francisco. ** British naval officer John Moresby discovers the site of Port Moresby, and claims the land for Britain. * March 3 – Censorship: The United States Congress enacts the Comstock Law, making it ...
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Businesspeople From Boston
A businessperson, businessman, or businesswoman is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) for the purpose of generating cash flow, sales, and revenue by using a combination of human, financial, intellectual, and physical capital with a view to fueling economic development and growth. History Prehistoric period: Traders Since a "businessman" can mean anyone in industry or commerce, businesspeople have existed as long as industry and commerce have existed. "Commerce" can simply mean "trade", and trade has existed through all of recorded history. The first businesspeople in human history were traders or merchants. Medieval period: Rise of the merchant class Merchants emerged as a "class" in medieval Italy (compare, for example, the Vaishya, the traditional merchant caste in Indian society). Between 1300 and 1500, modern accountin ...
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