New Britain herald., 1920-03-05

pany are engaged in a similar, put not competing, line of manufacture and that the combined manufactur- ing and selling forces of the two companies will be of mutual assist ance and benefit to each other have been a material consideration in ln- fiuencing the directors to recommend the proposed consolidation.
 ''The manufa curing and selling forces of the Stanley Rule and Lev el company will continue substantial ly as heretofore and the operation of the two companies will go along with very little change.
 ''The transfer books of both com panies are closed as Of 12 M, March 4th, 1920, and until after the date of the stockholders meetings.
 Stanley Works Report.
 The following statement was issued to the stockholders of the Stanley Works:
 "A meeting of the stockholders of his company will be called within a few days, at which matters of great importance and possible advantage to the stockholders will be submitted.
 ''In view of these circumstances, the directors have voted to close the stock books of this company as of 12 o'clock noon. March 4, 1920, and until after said stockholders meeting.
 An announcement and notice of this stockholders meeting will be sent to all stockholders within two weeks.
 THE STANLEY WORKS,
 By E. W. Christ, Secretary. March 4, 1920"
 Officials of both the Stanley Works and the Stanley Rule and Level were reticent about the details of the transaction. The statement of the firms say nothing of the tax payments and reserves, but the meeting of stockholders will necessitate the giv- ing out of details.
 The Stanley Works will have an increase of capitalization when the Stanley Rule and Level company is taken over. The capitalization of the Stanley Works is now $2,500,000, and the capitalization in excess of this amount will be a matter for the stock holders to decide.
 The officials of the Stanley Works are: Chairman of board of directors, George P. Hart; president, E. Allen Moore; vice-presdents, Clarence H. Bennett and Walter H. Hart; secre- tary, Ernest W. Christ; assistant sec retary. P. F. King; treasurer, Louis Young; directors q. P. Hart, B. A. Moore, C. H. Bennett W. H. Hart, E. w. Christ, H. H. Pease, F. G. Platt, Frederick S. Chamberlain and Felix w. Stanley The purchase of the Stanley Rule & Level company by the Stanley Works will help to spread out the scope of the Stanley Works from Plainvil1e to Berlin. The Stanley Works plant extends along the rail- road for a long distance from Black Rock Bridge and the Stanley Rule & Level company, starting at the depot and with it's farm buildings at the southern end of the city, takes it nearly to the town line.
 Stanley Rule and Level Go.
 The present officers and directors of the Stanley Rule & Level company are: President A. W. Stanley; vice president, Robert N. Peck; second vice-president, Philip B. Stanley; dl- rectors, the officers and George P. Hart, H. s. Walter, W. J. Moore, of New York. Meigs H. Whaples of Hartford, and Frederick G. Platt The Stanley Rule and Level company has a branch plant at Newark, N J., known as the Atha Tool company, giving employment to 400 operatives in the manufacture of hammers, sledges, cold chisels and similar tools It owns the John S. Frey company of
  tured. The Eagle Square Manufac- turing company of South Shaftsbury, Vt, and the Roxton Tool & Mill com pany of Roxton Pond. Quebec, Can. are also owned by the Stanley Rule & Level company. T he company has between 1,SO0 and 2,oo0 operatives on it's payroll.
 The Stanley Rule & Level company is capitalized at $2,0O0,O0O and has been paying 20 per cent dividends on 8 par value of $10O.
 History of Concern.
 Foundation of the large and lm- portant part occupied by the Stanley Rule and Level company in the n- dustrial life of this city and, in fact, of the country, was laid by Thomas s. Hall and Frederic Knapp when, in 1858, they began the manufacture Of 1ax,o1S and rI1IunhS in a small building