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Henry R. Towne
Henry Robinson Towne (August 24, 1844 – October 15, 1924) was an American mechanical engineer and businessman, known as an early systematizer of management. He donated over 2 million dollars to philanthropy at his death, in 1924. Biography Towne was born in Philadelphia in 1844 to John Henry and Maria (Tevis) T. Towne. He attended the University of Pennsylvania from 1861 to 1862, where he was a member of St. Anthony Hall, but did not complete a degree. The university later awarded him an honorary master's degree. Early career Following his year of college, Towne found work as a draftsman at the Port Richmond Iron Works, which was owned by I. P. Morris, Towne & Co. In 1863, Towne was put in charge of repair work for the union gunboat ''Massachusetts''. During 1864-1866, Towne was placed in charge of erecting engines in monitors for the United States Navy. After the war, Towne went to Paris and studied physics at the Sorbonne. When he returned, he found employment with ...
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Philadelphia
Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Since 1854, the city has been coextensive with Philadelphia County, the most populous county in Pennsylvania and the urban core of the Delaware Valley, the nation's seventh-largest and one of world's largest metropolitan regions, with 6.245 million residents . The city's population at the 2020 census was 1,603,797, and over 56 million people live within of Philadelphia. Philadelphia was founded in 1682 by William Penn, an English Quaker. The city served as capital of the Pennsylvania Colony during the British colonial era and went on to play a historic and vital role as the central meeting place for the nation's founding fathers whose plans and actions in Philadelphia ultimately inspired the American Revolution and the nation's inde ...
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Business Opportunity
A business opportunity (or bizopp) involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business. The licensor or seller of a business opportunity usually declares that it will secure or assist the buyer in finding a suitable location or provide the product to the purchaser-licensee. This is different from the sale of an independent business, in which there is no continued relationship required by the seller. Eckhardt and Shane (2003) argue that when taking the path of entrepreneurship, one of the most important indicators for future entrepreneurship is the skill of finding the business opportunity. This is seen as the lynchpin around which the promise of entrepreneurial venture is to be built. Shane and state that individuals must possess prior knowledge and the cognitive properties necessary to value such knowledge in order to identify the new opportunity. This normally allows a triggering of the opportunity which c ...
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Museum Of The Peaceful Arts
The Museum of the Peaceful Arts was a museum in Manhattan, New York City. Established at 24 West 40th St. around 1920, it was later relocated to the Daily News Building at 220 E. 42nd St. It was later closed, and superseded by the New York Museum of Science and Industry. History The project was originally envisioned as a complex of twenty museums to be located on the west side of Manhattan in Riverside Park, or, according to later plans, near the Jerome Park Reservoir in the Bronx. The original charter shows the scope of the museum system: George Frederick Kunz proposed the organization of an entirely new museum, the "Museum of the Peaceful Arts" or the "Museums of the Peaceful Arts." As there are museums dedicated to science, war and industry, this would be one devoted to the study and exhibition of the peaceful arts. "Mr. Julius Rosenwald's industrial museum gift paralleled the $2,500,000.00 bequest of the late Henry R. Towne, lock and hardware man, to New York for a Mu ...
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Will (law)
A will or testament is a legal document that expresses a person's (testator) wishes as to how their property ( estate) is to be distributed after their death and as to which person ( executor) is to manage the property until its final distribution. For the distribution (devolution) of property not determined by a will, see inheritance and intestacy. Though it has at times been thought that a "will" historically applied only to real property while "testament" applied only to personal property (thus giving rise to the popular title of the document as "last will and testament"), the historical records show that the terms have been used interchangeably. Thus, the word "will" validly applies to both personal and real property. A will may also create a testamentary trust that is effective only after the death of the testator. History Throughout most of the world, the disposition of a dead person's estate has been a matter of social custom. According to Plutarch, the written will was ...
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Hartford Courant
The ''Hartford Courant'' is the largest daily newspaper in the U.S. state of Connecticut, and is considered to be the oldest continuously published newspaper in the United States. A morning newspaper serving most of the state north of New Haven and east of Waterbury, its headquarters on Broad Street in Hartford, Connecticut is a short walk from the state capitol. It reports regional news with a chain of bureaus in smaller cities and a series of local editions. It also operates ''CTNow'', a free local weekly newspaper and website. The ''Courant'' began as a weekly called the ''Connecticut Courant'' on October 29, 1764, becoming daily in 1837. In 1979, it was bought by the Times Mirror Company. In 2000, Times Mirror was acquired by the Tribune Company, which later combined the paper's management and facilities with those of a Tribune-owned Hartford television station. The ''Courant'' and other Tribune print properties were spun off to a new corporate parent, Tribune Publishing ...
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James Mapes Dodge
James Mapes Dodge (Manhattan, June 30, 1852 – Germantown, Philadelphia, December 4, 1915) was an American mechanical engineer, inventor, industrialist and president of the American Society of Mechanical Engineers in the year 1903–04. He is known as president of the Link-Belt Company, and as pioneer of applying scientific management methods. Life and work Dodge was the son of William Dodge, member of the New York bar, and Mary Mapes Dodge, a children's writer and editor of ''St Nicholas Magazine.'' He grew up in Manhattan, attended the Newark Academy, and obtained degrees from Cornell University, and Rutgers UniversityJames Mapes Dodge
''The Iron Age,'' Vol. 96, 1995, p. 1368

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Link-Belt Construction Equipment
Link-Belt Cranes is an American industrial company that develops and manufactures heavy construction equipment, specializing in telescopic and lattice boom cranes. Link-Belt is headquartered in Lexington, Kentucky, and is a subsidiary of the Japanese conglomerate, Sumitomo Heavy Industries. History The Link-Belt Construction Equipment Company was founded as Link-Belt Machinery Company in 1880 by William Dana Ewart. Ewart was a farm implement dealer in Belle Plaine, Iowa. Ewart conceived the idea of a square detachable chain belt system for use in the harvester equipment, for which he obtained a patent on an "improvement in drive-chain", on September 1, 1874. In 1939, Link-Belt Co. purchased the Speeder Machinery Corporation, a crane-shovel manufacturer in the 3/8 yard to 3/4 yard capacity range. Speeder had introduced the first wheel mounted excavator, in 1922. Link-Belt's Crane and Shovel Division merged with Speeder Machinery to form the Link-Belt Speeder Corporation, a ...
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American Society Of Mechanical Engineers
The American Society of Mechanical Engineers (ASME) is an American professional association that, in its own words, "promotes the art, science, and practice of multidisciplinary engineering and allied sciences around the globe" via "continuing education, training and professional development, codes and standards, research, conferences and publications, government relations, and other forms of outreach." ASME is thus an engineering society, a standards organization, a research and development organization, an advocacy organization, a provider of training and education, and a nonprofit organization. Founded as an engineering society focused on mechanical engineering in North America, ASME is today multidisciplinary and global. ASME has over 85,000 members in more than 135 countries worldwide. ASME was founded in 1880 by Alexander Lyman Holley, Henry Rossiter Worthington, John Edison Sweet and Matthias N. Forney in response to numerous steam boiler pressure vessel failures. Kno ...
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List Of ASME Presidents
The American Society of Mechanical Engineers (ASME) is an American professional association that, in its own words, "promotes the art, science, and practice of multidisciplinary engineering and allied sciences around the globe" via " continuing education, training and professional development, codes and standards, research, conferences and publications, government relations, and other forms of outreach." ASME is thus an engineering society, a standards organization, a research and development organization, an advocacy organization, a provider of training and education, and a nonprofit organization. Founded as an engineering society focused on mechanical engineering in North America, ASME is today multidisciplinary and global. ASME has over 85,000 members in more than 135 countries worldwide. ASME was founded in 1880 by Alexander Lyman Holley, Henry Rossiter Worthington, John Edison Sweet and Matthias N. Forney in response to numerous steam boiler pressure vessel failures. ...
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The Principles Of Scientific Management
''The Principles of Scientific Management''1911 is a monograph published by Frederick Winslow Taylor. This laid out Taylor's views on principles of scientific management, or industrial era organization and decision theory. Taylor was an American manufacturing manager, mechanical engineer, and then a management consultant in his later years. The term "scientific management" refers to coordinating the enterprise for everyone's benefit including increased wages for laborers although the approach is "directly antagonistic to the old idea that each workman can best regulate his own way of doing the work." His approach is also often referred to as Taylor's Principles, or Taylorism. Contents The monograph consisted of three sections: Introduction, Chapter 1: Fundamentals of Scientific Management, and Chapter 2: The Principles of Scientific Management. Introduction Taylor started this paper by quoting U.S. President Theodore Roosevelt: "The conservation of our national resources is only p ...
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Frederick Winslow Taylor
Frederick Winslow Taylor (March 20, 1856 – March 21, 1915) was an American mechanical engineer. He was widely known for his methods to improve industrial efficiency. He was one of the first management consultants. In 1909, Taylor summed up his efficiency techniques in his book ''The Principles of Scientific Management'' which, in 2001, Fellows of the Academy of Management voted the most influential management book of the twentieth century. His pioneering work in applying engineering principles to the work done on the factory floor was instrumental in the creation and development of the branch of engineering that is now known as industrial engineering. Taylor made his name, and was most proud of his work, in scientific management; however, he made his fortune patenting steel-process improvements. As a result, scientific management is sometimes referred to as ''Taylorism''. Biography Taylor was born in 1856 to a Quaker family in Germantown, Philadelphia, Pennsylvania. Taylor's f ...
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