Nov 13, 1929 Bulova Subsiaries

Submitted by thom on December 10, 2023 - 10:01pm

Everything below is copied verbatum, parenthesis appear in the original record of proceedings from the US Congress June 14, 1930 in reference to a Senate Proceeding November 13, 1929. What is interesting is this point:

     Second. Knickerbocker watch Co., Westfield Watch Co., Arrow Jewelry Mfg Co., American Standard Warch Case Co. are listed separately but in reality are nothing but subsidiaries of Bulova Watch Co.

 

June 14 1930 Congressional Record – House 10840

 

The opposition to the revision of the tariff bill intended to afford relief to the American Watch Manufacturer centered around the Bulova Watch Co., as shown by the Congressional Record, November 13, 1929, page 5520, Senate Proceedings:

                The Bulova Watch Co. heads the list of those that have not agreed to the proposed rate. The watch produced by the company has received considerable attention here because it is a well known brand. The Bulova Co. is able to have an hour or half an hour set apart, I believe, each night over WRC or some other radio broadcasting station to advertise the Bulova watch, and they give a fairly good program, as a number of other industries do which are able to employ the radio in advertising their products. The other companies on the list are as follows: Gothic Watch Co., Westfield Watch Co., Arrow Manufacturing Co., Louis Adels & Co., Goldsmith Stern & Co., Knickerbocker Watch Co., Namdor Watch Co., United Jewelers (Buren Watch), Speidel Chain Co., North American Watch Co., Norman Morris & Co., Piedmont Watch Co., Awon Watch Co., Savoy Watch Co., Korones Bros., Hamel Riglander & Co., M. J. Lampert & Co., Manhattan Watch Co., Sonpaian Watch Co., Jagot Watch Co., Modern Watch Co., American Standard Watch Case Co., Pioneer Watch Case Co., Etna Watch Co., Weinstrum Watch Co., I. Ollendorf & Co., Gotham Watch Co., Strickland Watch Co., Pennant Watch Supply Co., Boston Watch Co., Toledo Watch Co., Bayer Pretzfelder & Mills (Elaine Goering Watch Co.), Glycine Watch Co.

                A careful consideration of those importers who were said to be opposing these paragraphs will demonstrate a somewhat desperate search for the support of one importer’s (Bulova) contentions.

                Turning to the list of importers named (Congressional Record, Nov. 13, 1929, P. 5520) as not supporting this proposal we find the following peculiarities:

                First. Not one is listed in Moody’s manual.

               Second. Knickerbocker watch Co., Westfield Watch Co., Arrow Jewelry Mfg Co., American Standard Warch Case Co. are listed separately but in reality are nothing but subsidiaries of Bulova Watch Co.

               Third. Glycine Watch Co. is the foreign watch distributed exclusively by Bayer Pretzfelder & Mills, but both are listed.

               Fouth. Goldsmith Stern & Co., United Jewelers, Speidel Chain Co., Mandor Watch Co., Piedmont Watch Co., Avon Watch Case Co., Lonpalon Watch Co., Jagot Watch Co. Gotham Watch Co., and Strickland Watch Col are not even listed by the National Jewelers Board of Trade (the recognized trade authority) as being in the watch business.