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Also Calvert and Co
1860 'Railway Bridge over the Thames.— We understand that Messrs. Calvert and Locking, of this city, the successful contractors for theLendal Bridge, have within the last few days obtained a contract to build an iron railway bridge, of above 700 feet span, over the Thames near Chelsea. The amount of the contract is £30,060.'
1862 'SUSPENSION OF MESSRS. CALVERT AND Co.
We regret to announce the suspension of Messrs. Calvert and Co., iron founders, of this city. During the last fortnight, various rumours have prevailed on the subject, and, on Wednesday, they received the most positive confirmation by the publication of the circular:
"Railway Foundry, York, Jan. 20, 1862.
"Gentlemen, —We are under the painful necessity of informing you that we are no longer able to meet our engagements. Acting under the advice of some of our principal creditors, we have placed our books in the bands Messrs. Cooper Brothers and Co., accountants, of London, who will forthwith prepare a statement our affairs, to be submitted meeting of creditors, to be held at the Guildhall Coffee House, King-street, Cheapside, London, on Monday next, the 27th instant, at three o'clock precisely, at which request the favour of your attendance. "We are, gentlemen, your very obedient servants, "G. J. Calvert & Co."
The liabilities the firm are stated to exceed £100,000. The assets are at present uncertain. The statement that the liabilities exceed £100,000 is derived from the money article of the Times of Wednesday, but we have heard that they will not be more than £60,000. The assets of the firm chiefly consist of buildings, very valuable plant, and machinery, and with great care and management, a fair dividend may be expected to be realised. The firm, which is only of a few years' standing, had lately had some heavy railway and iron bridge contracts, and amongst the latter was the new bridge at Lendal, in this city, which fell some months ago, before it left their hands. Their present contracts include part of the iron-work of the West London Extension Railway, and the iron-work the bridge at Battersea ; the contract for this bridge amounted to £40,000, and its erection was commenced in May last. The bulk of this contract is finished, and the ironwork only remains to be fixed. The number of men engaged upon it amounts to about 400, and they will continue to be employed for some time to come. Among the contracts which have been made by the firm was one for the erection of a railway station at Bahia, in South America, at a cost of £14,000, another for a large iron saw-mill in Rio Janeiro, at a cost of £2,500, and a large contract for the Crystal Palace at Amsterdam.
The suspension, we understand, has been caused by the failure a large contract with a French railway company, for iron chairs.
Messrs. Calvert & Co. carried on a very extensive establishment, and altogether they employed 600 hands at York and in the contract for the Thames bridge. A portion of these, viz., those at York, of course will be thrown out of employment, though we hope only for a short time.
We understand that the liabilities in York are about £700.'