Norwich bulletin., 1909-05-26
UNITED STATES FINISHING O..
Purchases Entire Capital Stock of Queens Eyeng Com pany of Providence-Little Over Two Million Paid for lt-Adds Large and well Equipped Plant

No city in the United States is more 1 interested than Norwich in the state ment which has just been made public of the purchase of the capital stock ol the Queen Dyeing company in its en- tirety by the United States Finishing company, and for the followin~ req sons;
 The Norwich Bleaching, Dyeing and Printing company was one of the orig inal plants taken into the Finishing | company, and there is today on the board of directors of the parent or ganization Charles l.. Hubbard of this city, Charles Bard, one of the lead ing citizens. and F. s. Jerome, treas urer of the company. whose youth and manhood has been principally spent here
 The matter of the purchase of the Queen stock was brought before the board of directors at a meeting last Thursday in New York. The entire board was present and they were unanimous in their opinion, and the statements they made at that time as to the progressive management of the corporation reflected great credit on MT. Jerome, who has for the past five years beea associated with Mr. Wright in the active management.
 Franklin $. Jerome, who grew up, so to speak, under the fostering care Of Charles Bard, was called to New York as treasurer of the company for the reason that his management of the financial matters with which he has been connected in Norwich had been such that his strength in that line has been undoubted, and within a year after taking charge of the affairs of the treasurer's office his good work was apparent. Tn his position with the company he is still much interested In the city, through the Norwich Bleaching, Dyeing and Printing works, and as president of the Thames Loan and Trust company and also the First National bank of this city. He has been further honored by being elected a director of the Atlantic National bank of Providence and the Chatham Ma tional bank of New York city.
 Joseph H. Wright. president of the company, is well known in this city, and his efficient executive ability is at once recognized by the leading busi- ness men of the country. and 1t will readily be seen that both MT Wright and Mir. Jerome are large stockholders in the company. together with Mir. Hubbard and MT. Bard, safety of the investment in the securities of the company Is amply guaranteed by such representation on the board of direc- tors. The other directors are Harry F. Lippitt of Providence, R. l.. considered the leading cotton manufacturer of America; Peter Reid of Passaic, N. J.. millionaire many times, made en- tirely from the finishing business, as he was the pioneer in that line. These together with James Bryce of PassaEc and Edward S. Brown, cashier of the Mechanics National bank of New Bedford, Mass, make up the board.
 Unanimous Vote in Favor.
 The vote was unanimous in favor Of taking over the plant, which will be run as a separate organization and re- tain its name, the Queen Dyeing com pany. It is probable that the officers of the Finishing company will be made inc officers of the newly acquired con- cern.
 The Queen Dyeing company of Prov idence was incorporated in 1893, and from a small beginning has grown to one of the very strongest corporations of that city. From time to time it has enlarged, doubled it's plant, and all en- largements and changes of every kind have been made from the resources within the company itself. Two years ago it was capitalized on a conserya- tive estimate of s1,500,000. Its earning power has been the highest grade throughout it's progress for the past seventeen years, and the nurchase of same in its entirety by the Finishing company marks its tremendous step in