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Towarzystwo Akcyjne Wyrobow Bawelnianych S. Rosenblatta w Lodzi

Акционерное Общество Бумажныхъ Мануфактуръ Ш. Розенблата въ г. Лодзи
S. Rosenblatt Cotton Products Joint Stock Company in Lodz

Formed in 1892 in Lodz. Capital was 1,000,000 roubles in shares of 5,000 roubles.

1892

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REF. NO. DENOMINATION DESCRIPTION NO. ISSUED CONDITION VALUE
 Image courtesy of Boone Auctions
101 1 share 1893, large format, brown & green 200
#00043		 EF €5380 Boone Oct 2021

Description

The company was family-owned. Its origin goes back to 1858 when Szaja Rosenblatt, an industrialist of Jewish origin and born in Lodz (the textile capital of Poland), established a small cotton mill. After taking over the textile factory of the Brothers Trilling & Isidore Datiner, he established this limited company in the late 1880s. By 1892, the company owned a large industrial estate of 7.6 hectares located in the Lodz city center and had a workforce of some 2800 people. The company’s products were generally cheap, rather poor-quality cotton goods. As a matter of fact, the low quality was so well known that even today the first name of the founder, “siaja” is used locally as a colloquial synonym of poor-quality stuff. Yet, the company was successful, and between 1914 and 1920, the dividend accumulated to 50%. After the death of its founder in 1921, the company was less well managed and it went bankrupt during the financial crisis of the 1930s. During the German occupation the remaining machinery was stolen and transported to Germany. The factory buildings were used as a storage place. After 1945, the estate was transferred to the Polytechnic School of Lodz which used it as their first campus. (Source: Boone Auctions Oct 2021)

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