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Private company

National Cordage Company

American hemp and cordage company, 1887–1893

The National Cordage Company was formed in New Jersey in 1887, for the importation of hemp and the manufacture and sale of It is noteworthy because of its expansion at the beginning of the 1890s and its initial public offering of $5,000,000 of 8% cumulative preferred stock.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1887Founded1

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The National Cordage Company was formed in New Jersey in 1887, for the importation of hemp and the manufacture and sale of2

The story

In 1891 the firm acquired the Boston

Cordage Company by means of preferred stock and time notes.

The corporation also acquired the Sewell-Day Cordage Company and the Day Cordage Company in 1891. The latter was a small business located in Cambridge, Massachusetts.

The immediate cause of the failure of the National Cordage Company was an attempt to acquire a $50,000 loan. G. Weaver Loper and E.F.C. Young, respectively treasurer and president of the First National Bank of New Jersey, were appointed receivers of the National Cordage Company, on the night of May 4, 1893.

The company plays a part in the novel "...And Ladies of the Club", one of whose protagonists runs a rival rope company.

From Wikipedia’s article on National Cordage Company, shared under CC BY-SA 4.0.3

Timeline

  1. 1887Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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