Crompton Company, Inc.
Crompton Company, Inc.
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Product Details
CompanyCrompton Company, Inc.
Certificate Type
Common Stock
Date Issued
Specimen, circa late 1900's
Canceled
Yes
Printer
American Bank Note Company
Signatures
Machine printed
Approximate Size
12" (w) by 8" (h)
Images
Representative of the piece you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
This company was founded in 1807 as the Providence Manufacturing Company in West Warwick, Rhode Island, and by 1808 was operating a cotton mill. Its name changed in 1823 to Crompton Company, and it expanded to include a bleachery and by 1832 calico printing.
The village around the mill was named Crompton Mills, later known as Crompton. The company incorporated in 1850. By 1866, George Martin Richmond gained controlling interest, and the Richmond family soon dominated the company. Frank Richmond became president in 1866 and Howard Richmond became treasurer.
The company began to make corduroys and velveteens; printed cloth was phased out by 1906. In 1915 the company took over the sales agency of Henry Kupfer & Company and later changed its name to Crompton-Richmond Company. It entered the factoring business in 1933 and in 1936 moved its sales of finished goods and factoring subsidiary to New York City.
The company expanded to the South, building Crompton-Highland Mills in 1925 in Griffin, Georgia, to make grey corduroy. In 1928 Crompton-Shenandoah Company in Waynesboro, West Virginia, was operating as a corduroy dyeing and finishing plant. Other southern plants included Crompton-Arkansas Mills in Morrillton, Arkansas, the Crompton-Osceola Company (F.E. Richmond plant) in Osceola, Arkansas, and the Howard Richmond Plant in Leesburg, Virginia.
The company ceased operations in 1988. When it went out of business, it was the oldest textile firm in the country, having been in continuous operation for over 175 years.
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We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.
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