Post Combination Sewing Machine Company
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Product Details
Post Combination Sewing Machine Company
Certificate Type
Capital Stock
Date Issued
September 18, 1884
Canceled
No
Printer
J. J. Chapman, Stationer
Signatures
Hand signed
Approximate Size
11 1/2" (w) by 6 3/4" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
The Post Combination Sewing Machine Company was incorporated in 1884 in West Virginia and was based in Batavia.
The company later became the Batavia Sewing Machine Company.
The company was formed after the expiration of "The Sewing Machine Combination" or the "Sewing Machine Trust" led to the formation of a number of small, independent manufacturers. The "Sewing Machine Combination" was the first patent pool in US history. It was formed by the "Albany Agreement" of October 24, 1856 and lasted until its last patent expired in 1877. It existed for the purpose of reducing the licensing and litigation overhead being imposed by the patent thicket known as the Sewing Machine War.
Prior to the Sewing Machine Combination, companies could purchase rights from Elias Howe for a royalty fee of $25 for every machine sold. In 1856, president of the Grover & Baker company, Orlando B. Potter, worked with Howe, Wheeler & Wilson, and Isaac Singer's I. M. Singer and Company to pool their patents and agree to terms of use. The requirements were: at least 24 manufacturers were to be licensed; the founding companies would equally share the profits; and Howe would receive a $5 royalty for each machine sold in the U.S. and $1 for exported machines. Interests only were pooled, prices were not set, and the market was open to fair competition, which allowed companies to concentrate on manufacturing and marketing the machines, rather than litigation.
Of the nine patents pooled, three were particularly crucial: the lockstitch, the four-motion feed, and the combination of a vertical needle with horizontal sewing surface. In addition to its four member companies, dozens of other companies licensed its patents, for which they paid royalties and submitted annual production reports.
Twenty years after the Combination expired, only two of the companies remained in business, with the Post Combination Sewing Machine Company being one of the victims.
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Additional Information
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