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Vertical Paper Cutter Company Account Book, 1906-1907


The Vertical Paper Cutter Company, located in Raleigh, was incorporated on June 2, 1906. Henry E. Litchford was president, and Everett M. and Melvin N. Andrews were vice-president and secretary-manager respectively. The company appears to have purchased paper in bulk and to have cut and sold it to specifications given them by the purchaser, and, at the same time, to have held exclusive right to market a patented vertical paper cutter.A single ledger of accounts payable which covers the period from June 6, 1906, to August 31, 1907.

Title

Vertical Paper Cutter Company Account Book, 1906-1907

Collection Number

PC.AB.517

Date(s)

1906 - 1907

Language

English

Physical Description
Volume
1
Physical Description
Account book
Abstract

The Vertical Paper Cutter Company, located in Raleigh, was incorporated on June 2, 1906. Henry E. Litchford was president, and Everett M. and Melvin N. Andrews were vice-president and secretary-manager respectively. The company appears to have purchased paper in bulk and to have cut and sold it to specifications given them by the purchaser, and, at the same time, to have held exclusive right to market a patented vertical paper cutter.

A single ledger of accounts payable which covers the period from June 6, 1906, to August 31, 1907.

Creator

Vertical Paper Cutter Company

Repository

State Archives of North Carolina


Available for research


Copyright is retained by the authors of these materials, or their descendants, as stipulated by United States copyright law (Title 17 US Code). Individual researchers are responsible for using these materials in conformance with copyright law as well as any donor restrictions accompanying the materials.


Processed by G. Stevenson, 4 April 2000

Encoded by Dietra Stanley, February 2006; additional encoding by Lea Walker, November 2016


The Vertical Paper Cutter Company, located at 5 West Hargett Street, was incorporated with a capital fund of $25,000 on June 2, 1906. Henry E. Litchford was president, and Everett M. and Melvin N. Andrews were vice-president and secretary-manager respectively. The company appears to have purchased paper in bulk and to have cut and sold it to specifications given them by the purchaser, and, at the same time, to have held exclusive right to market a patented vertical paper cutter. After ten months in business, the firm cast up its accounts and found it was operating at a loss of more than $5000.00. Shortly thereafter the firm filed an annual report with the Secretary of State. The corporation filed no report in 1908, however, and it is assumed that the company was dissolved and the capital stock distributed among the shareholders.


[Identification of item], PC.AB.517, Vertical Paper Cutter Company, State Archives of North Carolina, Raleigh, NC, USA.


Gift of Mr. Marcus L. Scruggs, Briggs Hardware, Raleigh, 1996.


A single ledger of accounts payable survives. It covers the period from June 6, 1906, to August 31, 1907. It is unclear whether the patented paper cutters were produced in Raleigh, or merely assembled and sold by the corporation. The two largest creditors of the firm were the Bridgeport Hardware Manufacturing Company of Bridgeport, Conn., and the Safety Meter Lock Company of Columbus, Ohio. The most numerous class of creditors was paper manufacturers from all over the United States. Although dates and amounts to be debited and credited are faithfully posted under each individual account in the ledger, no descriptive entries were made for goods purchased from the various creditors.


  • Bridgeport Hardware Manufacturing Company (Bridgeport, Conn.)
  • Safety Meter Lock Company (Columbus, Ohio)
  • Vertical Paper Cutter Company
  • Paper industry