Taylor, Lang & Co


Taylor, Lang & Co. was a textile machinery manufacturer based in Stalybridge, Greater Manchester, England.
The company was founded in 1852 as a tradesmen's co-operative with twenty-three members. It was originally known locally as 'The Amalgamated Shop'. The name 'Taylor Lang' may have originated in 1859.
Taylor, Lang & Co. was based at the Castle Iron Works on Grosvenor Street, Stalybridge. The founders worked long hours at a reduced wage until the business was well-established and later became known all over the world as Taylor Lang's. The company designed and manufactured cotton spinning machinery, distributing to a global market. In the 1920s it acquired Lord Bros. of Todmorden.
In the recession of the 1930s, Platt Brothers, Howard and Bullough, Brooks and Doxey, Asa Lees, Dobson and Barlow, Joseph Hibbert, John Hetherington and Tweedales and Smalley merged to become Textile Machinery Makers Ltd. Taylor, Lang & Co. was the largest company outside this group, but was acquired in 1936. The individual units continued to trade under their own names until 1970, when they were rationalised into one company, Platt UK Ltd. In 1991, this company became Platt Saco Lowell.

Origins and early history

Taylor, Lang & Co. was established in April/May 1852, with a capital of £600. The founders were mechanics in Oldham, but worked in their spare time in a co-op grocery shop where they talked over the idea of applying the cooperative approach to engineering. In January 1852 an industrial dispute in the Manchester and Oldham district engineering industry led to them being thrown out of permanent employment. Consequently, twenty-three of these workmen came together and set up as cooperative machine makers. The original members were:
A reorganisation of the firm took place in 1859, in which seven of the original members withdrew their interests. These members were James Sutcliffe, Thomas Watson, Martin Scragg, James Uttley, Thomas Cheetham, Charles Rothwell and Jacob Marshall. Another original member, Samuel Mitchell, had died prior to 1859.
As of 14 May 1872, Taylor, Lang & Co. became incorporated under the Companies Act of 1862. A Memorandum of Association was completed and signed on 25 April 1872, securing limited liability for the company's members. The capital of the company was declared as £50,000, divided into 5000 shares of £10 each. 700 shares were taken up immediately, by John Lang, 'Brick of Cocker Hill', James Whitehead, Thomas Rhodes, Henry England, Joseph Watts and John Storrs. Notice of the Situation of the Registered Office of Taylor, Lang & Co. Limited was provided as "The Castle Ironworks in Back Grosvenor Street in Stalybridge in the County of Cheshire." The final Charter Agreement was signed on 24 June 1872.

Devaluing of shares

A Special Resolution was passed on 5 August 1887, "that One Share be added to each holder of Four Shares in the Capital of the Company."
Another Special Resolution three years later altered Article No.43 of the company's manifesto, stating that "No business shall be transacted at any General Meeting except the declaration of a dividend, unless a quorum of members is present at the time when the Meeting proceeds to business, and that 15 of the Members competent to vote shall constitute a quorum." Another, passed 14 September 1900, introduced a maximum of six and a minimum of four directors, alongside minor changes to the dating and wording of articles relating to the Annual General Meeting.
A Special Resolution passed 28 November 1934 led to the devaluing of company shares. It decreed, "That the Capital of the Company be reduced from £50,000, divided into 5,000 shares of £10 each, to £29,350, divided into 4,130 issues shares of £5 each and 870 unissued shares of £10 each, and that such reduction shall be effected by returning to the Holders of the said 4,130 issued shares capital in excess of the wants of the company to the extent of £5 per share and by reducing the nominal value of each of the said 4,130 shares from £10 to £5." It also stated, "That immediately upon the aforesaid reduction of capital taking effect each of the 4,130 issued shares of £5 each, each of the 870 unissued shares of £10 each be divided into 10 shares of £1 each and the capital of the company be increased from £29,350 to £50,000 by the creation of 20,650 shares of £1 each." The legal papers from HM Court of Justice, Manchester, confirming the devaluing of shares and including a complete list of shareholders, were completed on 14 February and 1 March 1935.
A letter from Taylor, Lang & Co. to the Registrar of Joint Stock Companies, sent 27 February 1935, resolved a dispute over certain shares allotted in 1872 and 1887 on a non-monetary basis. The correspondence stated that these shares had previously "always been treated and dealt with as fully paid up shares." A further confirmation of shares was carried out in order to dispense with the settlement of a list of creditors. This document also contains a certificate that reveals Taylor, Lang & Co. Limited had, "by Special Resolution reduced its capital by an Order in the High Court of Justice Chancery Division, Manchester District Registry, bearing date the 11th day of April, 1935."

The winding-up and take-over of Taylor Lang & Co.

As the north-west's cotton industry experienced a severe decline during the recession of the 1930s, Platt Brothers, Howard and Bullough, Brooks and Doxey, Asa Lees, Dobson and Barlow, Joseph Hibbert, John Hetherington and Tweedales and Smalley merged to become Textile Machinery Makers Ltd. Taylor, Lang & Co. was the largest company outside this group, but was acquired in 1936. The individual units continued to trade under their own names until the 1970, when they were rationalised into one company called Platt UK Ltd. In 1991 the company name changed to Platt Saco Lowell.

Declarations and dates relating to takeover

The final mule order received by Taylor, Lang & Co. was from Broadfield Mills in Heywood, on 12 March 1936, for a mule with just one headstock. This is typical of the scale of orders the company were receiving by that point.

Edward Buckley

One of the most significant figures in the history of Taylor, Lang & Co. was the mechanic and inventor Edward Buckley. The son of Stalybridge blacksmith Radcliffe Buckley, Edward was born on Brierley Street in the Castle Hall area of the town, on 13 April 1838. He was educated at Thomas Avison's 'People's School', and undertook apprenticeships as a grocer's assistant and wheelwright. He found his calling as a mechanic, learning the trade at Messrs. Broadbent's Machinists. Following a period working as a journeyman, Edward became involved with a newly established firm of machinists in nearby Dukinfield. He was offered the opportunity to eventually become a partner in the company, but the venture proved unsuccessful and was short-lived.
Edward then joined Taylor, Lang & Co., who at that time made carding machines. When the firm stopped manufacturing this line, Edward entered the 'scutcher' department, where he succeeded his supervisor as the head of department. His passion and eye for innovation and inventions resulted in a series of design improvements and labour-saving combinations, including the [|self-acting mule headstock]. These advances resulted in the firm's profit and international stature increasing rapidly; Edward was subsequently elected to a seat on the directorate in 1872. The biographer Samuel Hill described Edward Buckley as "somewhat reserved and quiet; in his dealings straight, and perhaps blunt." Hill continued, "Having himself known the difficulties which face the aspiring working man, he needed no imitation to enlighten him as to the qualities of those who came beneath his supervision. Although his success had enriched him in a worldly sense, it made little difference in his bearing and domestic surroundings; pride and show were strangers to his composition."
Edward was also involved in local politics, attaining the position of Town Councillor as a Conservative. Edward died during his term of office on 15 May 1894, having spent his final months struggling to overcome the death of his wife.