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As well as a large
shareholding, Cookson himself was to receive an annual salary
of £300 as manager. Co-directors were John Edward Gittols
and Robert Jessop, who also acted as Chairman.
However, little more than a year later, the company was in financial
distress. In August 1888 it was resolved that voluntary liquidation
should be undertaken, with a view to forming a new company to
be called Cookson's Patent Sewing Machine Co. Ltd. Proposed directors
were James Frederick Fairley, Samuel Jenkins and Walter Evans.
However, debts carried over from the old company were never cleared,
and the new concern collapsed very soon
after conception.
N.B.
I never like to get into the "numbers produced" subject,
but I have noted, on extant examples, serial numbers as low as
100+ to as high as 2000+. The production machines also underwent
some minor cosmetic changes after the first few hundred.
As
a post script to the Cookson concern, we find the phoenix-like
appearance of the Harpur & Mason Company, who produced a new
machine, "The Handy", differing somewhat in design,
but incorporating Cookson's patents.
It would be reasonable to conclude that following the insolvency
of Cookson's, Harpur & Mason acquired their patent rights
and manufacturing premises. The business operated from the same
Lozells Road address, and appeared in local directories between
1890 - 1892. From the very few surviving examples, it would appear
their machine was even less successful than Cookson's.
G.D.
June 2000
Revised 2005.
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