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History Overview

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Remarkable Record of William H. Hart of the Stanley Works,
New Britain, Conn.

Having for sixty consecutive years been honored with election to an executive office of the Stanley Works in New Britain and a good share of that time holding two important such capacities at once, William H. Hart, eighty years old, resigned as president on February 16 at the annual meeting of the stockholders.

He accepted a newly created office of chairman of the board of directors.

George P. Hart, son of William H. Hart, was elected to fill the presidency made vacant by his father’s resignation.

E. Allen Moore, his son-in law, was made vice-president. Another son of Chairman Hart, Walter H. Hart, was elected to the newly created position of assistant secretary.

The record of William H. Hart in the metal manufacturing world is probably unequaled by any other man in the United States. He became secretary treasurer of the Stanley Works on May 16, 1854, having just reached his majority.

He is now eighty years old and will observe his eighty-first birthday on July 25. When he first became identified with the Stanley Works it was a small plant capitalized at $30,000. Today its capital is $2,500,000. For thirty years Mr. Hart held the offices of secretary and treasurer and then retired from the secretary’s position, but continued as treasurer until May 16, 1904, rounding out a full half century.

Previous to this, however, in 1885, he had been elected president as well, so that he held the offices of president and treasurer from that date until 1904. Since then he has been president.

In a reminiscent mood Mr. Hart gave THE METAL INDUSTRY correspondent a brief resume of the Stanley Works up to date. This company was organized under the joint stock laws of the state in August, 1852, with the modest capital of $30,000.

F. T. Stanley was president, and to him Mr. Hart gives nine-tenths of the credit as founder of the company.

During the early sixties and seventies the company escaped bankruptcy by the narrowest of margins, but later recovered and soon after put cut of business about twenty concerns making hinges and butts.

“During the past twenty-five years, says Mr. Hart “there has been a steady growth and as the business has increased my associates have willingly assumed additional responsibilities to match this increase."

Metal Finishing: Preparation, Electroplating, Coating, Vol.13, March 1915,
(New York: The Metal Industry Publishing Co.)


 
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Stanley Planes



   

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