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"I always did 'spise a mule" mechanical bank J. & E. Stevens was a business in Cromwell, Connecticut formed by John and Elisha Stevens in 1843 to make cast-iron hardware, hammers, and iron toys. The success of their toy products, including cap guns, led to a refocus on toys. [ 1 ]
Founded in 1865 as the Seldon and Griswold Manufacturing Company, the Griswold company became known as the premier manufacturer of high-quality cast-iron kitchen items in the United States. The Griswold cast iron foundry was based in Erie, Pennsylvania; and until the early 1900s, cast-iron items from this company were marked with an "ERIE" logo.
Mechanical banks are small containers with a decorative mechanical action, used to store coins. They were originally intended to promote saving money among children in the mid-19th century. Frequently made of cast iron , mechanical banks were often creatively designed, depicting historical, legendary or everyday events to increase their appeal.
In 1894, Mr. Woolley convinced the other officers of the company to pay his way to Europe, whereupon he booked the sale of $50,000 worth of cast iron radiators for the Swiss capitol. [6] This was the start of the company's entry into the European market. By the following year, the company had established a branch in London, England. [6]
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