Enters the Silver Plate Combine - The Capital Stock
Middletown, May 22. It was announced today that the Middletown Plate company had entered the silver combine known as the International Silver company. James H. Kelsey, secretary of the local company, stated that the transfer of stock was made this morning. It was a cash transaction, he said, the local company being sold outright to the combination.
The Middletown Plate company manufactures hollow plated ware, and is capitalized at $250,000. About 240 men are employed at the plant, with a yearly payroll of about $100,000.
The purchase price was not made public.
Source: The New Haven Morning Journal and Courier - 23rd May 1899