R. Hoe & Company

R. Hoe & Company
Defunct
Industry Graphic Arts Equipment
Founded New York City, United States, 1805
Founders Robert Hoe, Matthew Smith
Defunct 1984
Headquarters New York City, United States
Company headquarters in 1884, 504 to 520 Grand Street in New York City[1]

R. Hoe & Company was a New York City based printing press manufacturer established by Peter Smith, Matthew Smith (?–1822), and their brother-in-law, English emigrant Robert Hoe (1784–1833), in 1805 as Smith, Hoe & Company.[2][3]

Early years

The company initially specialized in the manufacture of wooden hand printing presses, but later added saw-making.[2] In 1819 the company expanded to printing presses.[4] Peter Smith's iron Acorn press was announced to the trade in 1822.[5] A replica of the Acorn press used to print the First Edition of the Book of Mormon in 1829 is on display at Brigham Young University–Idaho.[6] After Smith’s death, Hoe and his sons renamed the company and worked on improving existing machinery.[2] In 1827 Hoe bought and improved a patent on wrought iron framed presses initially owned by Samuel Rust.[2]

After their father’s death, sons Richard and Robert Hoe (?–September 23, 1909) took control of the company and continued to innovate the printing process.[2] The company developed a mechanical sheet delivery system, invented and patented[7] the rotary printing press, and developed the first type revolving presses.[2] R. Hoe & Company helped facilitate the rapid and inexpensive production of newspapers.[2]

Their 1855 lithographic presses, in dimensions of 19x24 inches to 38x48 inches, sold for $165–375.[4] A six-cylinder model was able to produce 166,000 16-page newspapers per hour.[3]

Hoe’s one-cylinder press. These cost $1,390–2,600 when new in 1855 and were available in dimensions of 41x28 inches to 60x40 inches.[4]

Employee problems

In 1855 the company employed 400 people.[4] By May 4, 1886, the 700 Hoe employees went on strike to demand that their ten-hour workday be reduced to nine, without a reduction in pay.[8] After negotiations, the company agreed to reduce the workday, but also to reduce pay accordingly.[8] The company’s machinists went on strike in July 1898, congregating in the surrounding streets.[1] Police were called on day seven to disperse the crowd.[1] In 1902, during the funeral procession of Rabbi Jacob Joseph, some employees of the Hoe factory started a riot and assaulted some of the 50,000 mourners as they passed.[9] 200 police responded and joined the riot on the side of the factory workers.[9]

By 1909 the company employed 2,500 at its New York factory and 800 in London.[3]

Company growth

During World War II, the company began to manufacture parts for weapons.

The company added a subsidiary, Hoe Export-Import Company, in late 1950.[10] The business introduced the Printmaster in 1954. The new printing press was suited to newspapers of medium and small size, with a circulation between 7,500 to 100,000. The presses were first built in the fall of 1954 for a spring 1955 delivery. It was capable of turning out 40,000 newspapers per hour and could easily convert to four color or spot color printing throughout the newspaper. Without stopping the press, the equipment responsible for folding the newspapers could switch from a mail fold to a regular newspaper fold. Additional features were ink economy, cleanliness, and ease of maintenance.[11]

Decline and bankruptcy

After the war, the price of Hoe stock dropped and by 1969 the company was forced to seek bankruptcy protection. Throughout the 1970s, production of printing presses was discontinued and the factory was dismantled while the board focused on revitalizing the saw-making aspect of the company. In 1984, Pacific Saw and Knife Company purchased R. Hoe & Company and formed Pacific/Hoe Saw and Knife Company. It is still in operation today.

References

  1. 1 2 3 "The R. Hoe & Co.'s Strikers: Police Protection Called For, but Not Specially Needed". The New York Times. 1898-07-26. p. 2. Retrieved 2009-11-29.
  2. 1 2 3 4 5 6 7 Special Collections Department (2002). "R. Hoe & Company Collection". University of Delaware Library. Retrieved 2014-05-31.
  3. 1 2 3 "ROBERT HOE, 3D, DIES IN LONDON". The New York Times. September 23, 1909. p. 2. Retrieved 2009-11-29.
  4. 1 2 3 4 "Manufacturing Industry: R. Hoe & Co.'s Establishment. A Day Among Machinery". The New York Times (New York City). October 19, 1855. p. 1. Retrieved 2009-11-29.
  5. ↑ Comparato, Frank E., Chronicle of Genius and Folly: R. Hoe & Company and the Printing Press as a Service to Democracy, Labyrinthos, Culver City, CA, 1979, p. 32.
  6. ↑ Special Collections, Iron Acorn Press, Brigham Young University. http://www.byui.edu/special-collections/exhibits/iron-acorn-press
  7. ↑ RICHARD M. HOE, IMPROVEMENT IN ROTARY PRINTING-PRESSES
  8. 1 2 "The Short-Hour Demand". The New York Times. May 5, 1886. p. 2. Retrieved 2009-11-29.
  9. 1 2 "RIOT MARS FUNERAL OF RABBI JOSEPH". The New York Times. July 31, 1902. p. 1. Retrieved 2009-11-29.
  10. ↑ "Court Awards Former Holders of R. Hoe & Co. Common $10 a Share", Wall Street Journal, June 12, 1953, pg. 6.
  11. ↑ "New Wrinkles", Wall Street Journal, September 22, 1954, p. 20.
This article is issued from Wikipedia - version of the Wednesday, May 04, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.