[History of the American Clock Business for the Past Sixty Years, by Chauncey Jerome]@TWC D-Link book
History of the American Clock Business for the Past Sixty Years,

CHAPTER VIII
16/19

My son told me he thought we had better buy the company out, and said that we could do so without difficulty, and he thought it would be a great advantage to us.

Some were willing to sell, and others were not.

Mr.Burnham made an offer what he would sell for, which the secretary accepted, others of the stock-holders made similar propositions and the bargain closed, we paying them the capital they had advanced and twenty-one per cent.

profits, and buying, in the mean time, seventy-five thousand dollars worth of brass--the profits on which were not less than twenty thousand dollars, which they had the cash for in the course of the year.

About this time a man by the name of Lyman Squires bought stock in the company, and took a great interest in the business.


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