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Charles Ranlett Flint
Charles Ranlett Flint (January 24, 1850 – February 26, 1934) was the founder of the Computing-Tabulating-Recording Company which later became IBM. For his financial dealings, he earned the moniker "Father of Trusts". He was an avid sportsman and member of the syndicate that built the yacht ''Vigilant'', that was the U.S. defender of the eighth America's Cup and was the owner of the yacht ''Gracie''. Early life and family Flint was born on January 24, 1850 in Thomaston, Maine. His father, Benjamin Chapman, had changed the family name to Flint after being adopted by an uncle on his mother's side. The family moved from Maine to New York City where his father ran the family's mercantile firm Chapman & Flint, which had been founded in 1837.Stinson, JohnThe Charles Ranlett Flint Papers, 1872–1930, New York Public Library, November 1991. Flint married the composer Kate Simmons in 1883. Business career In 1868, Charles Flint graduated from Brooklyn Polytechnic Institute (n ...
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Thomaston, Maine
Thomaston (formerly known as Fort St. Georges, Fort Wharf, Lincoln) is a town in Knox County, Maine, United States. The population was 2,739 at the 2020 census. Noted for its antique architecture, Thomaston is an old port popular with tourists. The town was named after Major General John Thomas. History As early as 1630, a trading post was established on the eastern bank of the St. George River, then considered the boundary between New England and New France. In 1704, Thomas LeFebvre from Quebec bought a large tract of land along the Weskeag River on which he built a gristmill, with a house on the shoreline at what is now South Thomaston. The area became known as Thomas' Town. In 1719–1720, the old trading post was remodeled into Fort St. George, a stockaded fort protected by two blockhouses. But Abenaki Indian tribes protested the encroachment of an English fort on their territory. Instigated by the French, they attacked the garrison twice during Dummer's War in ...
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Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must c ...
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Bundy Manufacturing Company
The Bundy Manufacturing Company was a 19th-century American manufacturer of timekeeping devices that went through a series of mergers, eventually becoming part of International Business Machines and Simplex Time Recorder Company. It was the first time-recording company in the world to produce time clocks, colloquially known as 'Bundys'. The company was founded by the Bundy Brothers. Willard Legrand Bundy was born on 8 December 1845 in Otsego, New York, and died on 19 January 1907. His family later moved to Auburn, New York, where he worked as a jeweler and invented a time clock in 1888. He later obtained patents of many mechanical devices. Harlow E. Bundy was born in 1856 in Auburn, New York. He was a graduate of Hamilton College. He died in 1916 in Pasadena, California, after retiring from business in 1915. Timeline Unknown date: founding of Accurate Time Stamp Company. Unknown date: founding of Chicago Time Register Company. Unknown date: founding of Syracuse Time R ...
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Consolidation (business)
In business, consolidation or amalgamation is the merger and acquisition of many smaller companies into a few much larger ones. In the context of financial accounting, ''consolidation'' refers to the aggregation of financial statements of a group company as consolidated financial statements. The taxation term of consolidation refers to the treatment of a group of companies and other entities as one entity for tax purposes. Under the Halsbury's Laws of England, 'amalgamation' is defined as "a blending together of two or more undertakings into one undertaking, the shareholders of each blending company, becoming, substantially, the shareholders of the blended undertakings. There may be amalgamations, either by transfer of two or more undertakings to a new company or the transfer of one or more companies to an existing company". Overview Consolidation is the practice, in business, of legally combining two or more organizations into a single new one. Upon consolidation, the origi ...
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American Woolen Company
The American Woolen Company is a designer, manufacturer and distributor of men’s and women’s worsted and woolen fabrics. Based in Stafford Springs, Connecticut, the company operates from the 160-year-old Warren Mills, which it acquired from Loro Piana SpA in June 2014. History 1899-1950 The American Woolen Company was established in 1899 under the leadership of William M. Wood and his father-in-law Frederick Ayer through the consolidation of eight financially troubled New England woolen mills. At the company's height in the 1920s, it owned and operated 60 woolen mills across New England. It is most known for its role in the Lawrence Textile Strike of 1912. The American Woolen Company was the product of the era of trusts. Overproduction, competition and poor management had brought the New England textile industry to its knees by the 1890s. In particular, family trusts, the main shareholders of many of the mills, insisted on receiving high dividends instead of making necess ...
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American Chicle
The American Chicle Company was a chewing gum trust founded by Thomas Adams, Jr., with Edward E. Beeman and Jonathan Primle. Thomas Adams Thomas Adams (May 4, 1818 – February 7, 1905) was a 19th-century American scientist and inventor who is regarded as a founder of the chewing gum industry. Adams conceived the idea while working as a secretary to former Mexican leader Antonio López de Santa Anna, who chewed a natural gum called chicle. Adams first tried to formulate the gum into a rubber which was suitable for making tires. When that didn't work, he turned the chicle into a chewing gum called New York Chewing Gum. In 1870, Adams created the first flavored gum, black licorice, which he named Black Jack. In 1871, Adams patented the first chewing gum making machine. In 1888, his gum was the first to be sold in vending machines. Company history The company was incorporated in Trenton, New Jersey on June 2, 1899. Its market capitalization was $9,000,000 with one third issued ...
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Beemans
Beemans gum (originally Beeman's Gum, see image at right) is a chewing gum formulated by Ohio physician Edward E. Beeman in the late 19th century. It originally contained pepsin, but no longer does. History Beeman originally claimed the gum contained pepsin powder that would improve digestion. The product became a part of the American Chicle Company in 1898, and continued on after the purchase of American Chicle by Warner-Lambert in 1962. Production ceased in 1978 due to lagging sales. In 1985 the brand was revived in a nostalgia campaign, as an ordinary chewing gum without the medical claims, marketed along with Clove and Black Jack chewing gums. The original wrapper had a pig logo, but was later replaced with a logo featuring Beeman's name in scroll and his portrait. The current wrapper design has a white and red background with white and black lettering. Beemans is sporadically produced by Cadbury Adams as a nostalgia gum, along with the other historic gums Clove and Bl ...
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Dentyne
Dentyne () is a brand of chewing gum available in several countries globally. It is owned by Mondelēz International. In 1899, a New York City druggist Franklin V. Canning formulated a chewing gum which he promoted as an aid to oral hygiene. "To prevent decay, To sweeten the breath, To keep teeth white," read the package. Mr. Canning called his new gum Dentyne which is a combination of the words "dental" and "hygiene" (and also sounds like '' dentine'' as some people pronounce that word). In 1916 the brand was sold to the American Chicle Company. By the 1930s, Dentyne was produced by the Adams Gum Company. Adams was one of the companies that made up the American Chicle Company. Eventually ownership passed to Warner-Lambert Company which merged into Pfizer in 2000, and then Cadbury. Products Dentyne Classic The original Dentyne was a cinnamon flavored breath-freshening gum which contained sugar. Dentyne Classic was removed from American and Canadian markets in 2006, and w ...
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Chiclets
Chiclets is an American brand of candy-coated chewing gum manufactured by Mondelez International. The brand was introduced in 1900 by the American Chicle Company, a company founded by Thomas Adams. History The Chiclets name is derived from the Mexican Spanish Mexican Spanish ( es, español mexicano) is the variety of dialects and sociolects of the Spanish language spoken in Mexican territory. Mexico has the largest number of Spanish speakers, with more than twice as many as in any other country in ... word " chicle", derived from the Aztec Nahuatl word "chictli/tzictli", meaning "sticky stuff" and referring to a pre-Columbian chewing gum found throughout Mesoamerica. This pre-Columbian chewing gum was tapped as a sap from various trees. Chiclets are essentially the same as the indigenous chicle, with the innovation of a hard sugar coating offered in various flavors and colors. The original flavor was peppermint and assorted fruit flavors were available in Algeria, Arg ...
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Adams Chewing Gum
The American Chicle Company was a chewing gum trust founded by Thomas Adams, Jr., with Edward E. Beeman and Jonathan Primle. Thomas Adams Thomas Adams (May 4, 1818 – February 7, 1905) was a 19th-century American scientist and inventor who is regarded as a founder of the chewing gum industry. Adams conceived the idea while working as a secretary to former Mexican leader Antonio López de Santa Anna, who chewed a natural gum called chicle. Adams first tried to formulate the gum into a rubber which was suitable for making tires. When that didn't work, he turned the chicle into a chewing gum called New York Chewing Gum. In 1870, Adams created the first flavored gum, black licorice, which he named Black Jack. In 1871, Adams patented the first chewing gum making machine. In 1888, his gum was the first to be sold in vending machines. Company history The company was incorporated in Trenton, New Jersey on June 2, 1899. Its market capitalization was $9,000,000 with one third iss ...
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First Sino-Japanese War
The First Sino-Japanese War (25 July 1894 – 17 April 1895) was a conflict between China and Japan primarily over influence in Korea. After more than six months of unbroken successes by Japanese land and naval forces and the loss of the port of Weihaiwei, the Qing government sued for peace in February 1895. The war demonstrated the failure of the Qing dynasty's attempts to modernize its military and fend off threats to its sovereignty, especially when compared with Japan's successful Meiji Restoration. For the first time, regional dominance in East Asia shifted from China to Japan; the prestige of the Qing dynasty, along with the classical tradition in China, suffered a major blow. The humiliating loss of Korea as a tributary state sparked an unprecedented public outcry. Within China, the defeat was a catalyst for a series of political upheavals led by Sun Yat-sen and Kang Youwei, culminating in the 1911 Xinhai Revolution. The war is commonly known in China as the Wa ...
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