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Bishop, J. Leander (John Leander), 1820-1868 / A history of American manufactures from 1608 to 1860 : exhibiting the origin and growth of the principal mechanic arts and manufactures, from the earliest colonial period to the adoption of the Constitution ; and comprising annals of the industry of the United States in machinery, manufactures and useful arts, with a notice of the important inventions, tariffs, and the results of each decennial census
Volume 3 (1868)

Manufactures of Boston,   pp. 276-312 ff.

Page 308

Esq., of New Brunswick, N. J., which diamonds the bottoms of the
soles, and stamps them in relief with the device of the manufacturer.
From obstacles incidental to the starting of any branch of manu-
facturing by processes not well understood, the organization which was
superseded by the Boston Rubber Shoe Company, failed to be remunera-
tive to the Stockholders. A few of them, however, having faith in
their final success, purchased the stock from those holders who were
willing to part with it, procured an increase of capital, by Act of the
Legislature of Massachusetts, reorganized, and determined to conduct
the business of the Corporation by more direct and responsible agents.
As a means to that end, they induced Mr. E. S. Converse to relinquish
- his other business, and devote his entire attention to the management
of the affairs of the Company, as Buying and Selling Agent, and as
Treasurer. Such confidence was placed in his ability, that almost
unlimited power was given him, and the result vindicated the wisdom
and propriety of their course. The " Boston" goods began to have a
good reputation in the market, and to compete successfully with those
of longer-established factories. The dark days of 1857, which involved
so many business firms of repute in insolvency, obscured, for a time,
the rising Company ; and, to add to their embarrassment, the price of
raw material advanced enormously; but the temptation to tide over,
by the use of inferior rubber, was withstood ; the financial ability and
resources of their Treasurer carried the Corporation safely through the
crisis, and it came out of the trial with an established credit, and a
manufacturing reputation second to none. For the first time in its
history, dividends were paid to Stockholders.
During the war, the demand thereby occasioned for blankets, ponchos,
rubber overcoats, haversacks, tents, etc., was so great, that the induce-
ment to Companies, which were already in possession of the requisite
machinery, to manufacture such articles, was strong. Moreover, the
labor, in comparison with that expended in producing boots and shoes,
was light, and the profits large; while the trade in shoes was much cur-
tailed, and the business greatly unsettled by the war, from constant
changes in houses in the West and elsewhere. The Union Rubber Co.
of New York, however, had obtained from Mr. Goodyear the exclusive
right to use his process in the manufacture of Clothing. Some manu-
facturers attempted to ignore this fact, and proceeded to contract with
the Government to furnish supplies of the articles named. Apparent y
successful in evading the many legal decisions which had established
the validity of the " Goodyear Patent," and the consequent right of Mr.
Goodyear to dispose of it as seemed most proper, it was not until
payment was expected on account of the contracts that the infringing

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