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The company was formed in June 1927 from a merger of the
Tolhurst Machine Works and the Wiley-Ellis Company. Tolhurst corporation was started in 1852 and was based in Troy and
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In May 1931 the corporation's assets exceeded its liabilities, yet it became insolvent because it was unable to pay its debts as they came due.
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December 1929. The takeover was made possible by an exchange of stock. It brought about satisfactory
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General
Laundry Machine acquired the primary assets of the Paramount Laundry Machine Company of
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through the combination of the sales forces of the two companies.
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Defunct manufacturing companies based in New York (state)
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219:, Wall Street Journal, June 2, 1927, pg. 7.
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