| Crane & Co., Inc. | |
|---|---|
| Type | Private |
| Founded | Dalton, Massachusetts, U.S. (1801) |
| Founder | Zenas Crane, Henry Wiswall and John Willard |
| Headquarters | Dalton, Massachusetts, U.S. |
| Area served | North America |
| Key people | Doug Crane (Vice President) |
| Industry | paper |
| Products | U.S. currency |
| Website | crane.com |
Crane & Co., based in Dalton, Massachusetts, makes rag based paper for the Federal Reserve Note. They also make stationery.
History
Stephen Crane was the first in the Crane family to become a papermaker, calling his mill "The Liberty Paper Mill" [1]. He sold currency-type paper to engraver Paul Revere, who printed the American Colonies’ first paper money. In 1801 Crane was founded by Zenas Crane, Henry Wiswall and John Willard. The company's original mill had a daily output of 20 posts (1 post = 125 sheets). Crane developed a method to embed parallel silk threads in banknote paper to denominate notes and deter counterfeiting in 1844. In 1879 Crane grew when Winthrop M. Crane won a contract to deliver U.S. currency paper. In 1922 Crane & Co. incorporated, with Frederick G. Crane elected as president. In 1970 Crane’s pollution-control system won an award. Crane remains the predominant supplier of paper for use in U.S. currency. Legislative attempts to open up the market to others have been defeated by action of Massachusetts' U.S. senators.
CEO
- Zenas Crane
- Winthrop Murray Crane
- Lansing Crane (sixth generation) (1995-present)
References
- ^ Crane's - History. Retrieved on 2007-09-16.
