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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.
Mechanical bank featuring an eagle and eaglets. The company employed many designers and produced dozens of banks. [3] Their mechanical banks included a "Tammany" bank featuring a heavy-set dressed up politician who puts an introduced coin into his pocket (Tammany Hall). The business was bought out by Buckley Brothers, a New York company, in ...
However, as the 1940s drew to a close, they encountered increasing competition from Japanese manufacturers who produced mechanical tin toys for lower prices. To become more competitive, Chein moved to a 75,000-square-foot (7,000 m 2 ) factory in Burlington, New Jersey , where they employed a staff of as many as 600 workers.
The inside of Mechanics and Farmers Bank in 1922, including bank president C. C. Spaulding. Over time the Mechanics and Farmers Bank became heavily financially involved in the operations of the North Carolina Mutual and Provident Association [1] and loaned money to many other businesses in Hayti. [6] By 1915, the bank possessed $50,000. [1]
The new 2 World Trade Center, which is currently on hold, is planned to have a diagonally-pointed roof, with no observation deck, and no mechanical floors. At the National September 11 Memorial & Museum , the southern pool marks the spot where the South Tower stood.
The Downer family has led Mechanics Bank through most of its history, starting with E. M. Downer who ran the Bank through the 1920s boom years when Richmond was a major West Coast industrial center. [4] Mechanics Bank served Standard Oil, Santa Fe Railroad, the Ford Motor Company and their employees during this period.
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Yale's father, Linus Yale Sr., opened a lock shop in the 1840s in Newport, New York, specializing in bank locks; he was a successful inventor who specialized in expensive, handmade bank locks and mechanical engineering, and who held eight patents for locks and another half dozen for threshing machines, sawmill head blocks, and millstone dressers.
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