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Yale & Towne Manufacturing Co, 1897. In 1868, the business was established in Stamford, Connecticut, by Henry R. Towne and Linus Yale Sr., an inventor renowned for creating the pin tumbler lock. Initially known as Yale Lock Manufacturing Co., the company later adopted the name Yale & Towne, with its base in Newport, New York. [3]
Towne provided new capital and management of the firm, and Yale the invention. [7] Yale died later in 1868, and Towne reorganized the company as Yale & Towne Manufacturing Co. with Linus's son, John B. Yale, as treasurer. By 1892, he was recorded as a millionaire in the American Millionaires list book. [8]
The first known example of a tumbler lock was found in the ruins of the Palace of Khorsabad built by king Sargon II (721–705 BC.) in Iraq. [1] Basic principles of the pin tumbler lock may date as far back as 2000 BC in Egypt; the lock consisted of a wooden post affixed to the door and a horizontal bolt that slid into the post.
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