Sunday 9 September 2012

New Haven Clocks

New Haven Clocks

New Haven had trade connections with Jerome & Company Ltd., an English sales firm which continued business independently after the bankruptcy of the Jerome Manufacturing Company in 1856.  By the 1870's the firm was using the trademark *Jerome & Co." on some of their products and purchased the entire English operation in 1904.For years the Directors of the New Haven operation had drained the resources of the company with large dividends and by 1890 they were in serious financial condition.  Hiram Camp (1811-1892), founder and long-time president, resigned as president in September, 1891 and his successor Samuel A. struggled to keep the firm afloat.  They nearly went into bankruptcy in 1894 but raised enough money to continue until March of 1897 when the firm was reorganized. In 1902 leadership of the firm passed to Walter C. Camp who is better known as the "father of American football".  However, Camp modernized the watch manufacturing department in 1904, resulting in cheaper production costs and had wrist watches added to the line in 1915.  Camp was succeeded in 1923 by Edwin P. Root. When Richard H. Whitehead  Root as president of the firm in February, 1929, it was again in financial trouble.  This worsened when the Great Depression hit in November of that year but Whitehead's able leadership kept the firm operating with growing profitability through the time of World War II.  From 1943 through 1945, the firm was involved almost totally in war products. 
New Haven Clocks


New Haven Clocks


New Haven Clocks


New Haven Clocks


New Haven Clocks


New Haven Clocks


New Haven Clocks


New Haven Clocks


New Haven Clocks



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