Candy Lands

©Renee 2013

Candy Lands is a special place. With candy canes hanging from the ceilings to chocolate bars surrounding all of the doors it is magical. There are alot of stories told of Candy Lands. Let’s look at one.

http://en.wikipedia.org/wiki/Necco

Necco (or NECCO), pronounced “neck-o”, is the acronym for the New England Confectionery Company, a manufacturer of candy. It was created in 1901, by the merger of several small confectionery companies located in the Greater Boston area; since December 2007, Necco has been owned by American Capital.

The company, considered the “oldest continuously operating candy company in the United States, is best known for its namesake candy, Necco Wafers, its seasonal Sweethearts Conversation Hearts, and brands such as the Clark Bar and Haviland Thin Mints. In fall 2010, Necco produced its one trillionth Necco Wafer candy.

Necco dates its origins to Chase and Company, a company founded by brothers Oliver R. and Silas Edwin Chase in 1847, Having previously invented and patented the first American candy machine the Chase brothers continued to design and create machinery that made assortments of candies, such as their popular sugar wafers.

Two other confectionery companies, Ball and Forbes, founded by confectioner Daniel Forbes in 1848, and Bird, Wright and Company, a confectionery company based in Boston and founded in 1856, joined forces with Chase and Company in 1901 to become the three members of the original Necco family. The three confectionery firms then moved into a newly constructed manufacturing plant in Boston, Massachusetts one year later and become the largest establishment devoted entirely to confectionery production in the United States.  Success prompted the company, in 1906, to introduce a profit sharing plan.]

Necco continued its production while the confectionery industry continued to boom through the turn of the century. Around the same time, businessman David L. Clark, began experimenting with his own candy creations in his home outside of Pittsburgh, PA. He began selling the Clark candy bar for five cents and shipping his creation to soldiers fighting in World War I. At the same time, Charles Miller started a business manufacturing and selling homemade candy in the Boston area. Clark’s creation and Miller’s Mary Jane quickly become two of the most popular candy creations in the country.

Necco dates its origins to Chase and Company, a company founded by brothers Oliver R. and Silas Edwin Chase in 1847. Having previously invented and patented the first American candy machine,[2] the Chase brothers continued to design and create machinery that made assortments of candies, such as their popular sugar wafers.

Two other confectionery companies, Ball and Forbes, founded by confectioner Daniel Forbes in 1848, and Bird, Wright and Company, a confectionery company based in Boston and founded in 1856, joined forces with Chase and Company in 1901 to become the three members of the original Necco family. The three confectionery firms then moved into a newly constructed manufacturing plant in Boston, Massachusetts one year later and become the largest establishment devoted entirely to confectionery production in the United States. Success prompted the company, in 1906, to introduce a profit sharing plan.

Necco continued its production while the confectionery industry continued to boom through the turn of the century. Around the same time, businessman David L. Clark, began experimenting with his own candy creations in his home outside of Pittsburgh, PA. He began selling the Clark candy bar for five cents and shipping his creation to soldiers fighting in World War I.  at the same time, Charles Miller started a business manufacturing and selling homemade candy in the Boston area. Clark’s creation and Miller’s Mary Jane quickly become two of the most popular candy creations in the country.

http://en.wikipedia.org/wiki/David_L._Clark

David Lytle Clark (26 September 1864 – 3 February 1939) was an American entrepreneur who came to the U.S. with his family when he was 8 years old, and who founded the D. L. Clark Company in 1886 in Allegheny, Pennsylvania now part of Pittsburgh.

Its creations include the Clark bar and the Zagnut. Over the years the Clark Company has been bought and sold several times and is currently a holding of Necco (New England Confectionery Company).

http://en.wikipedia.org/wiki/D._L._Clark_Company

http://www.findagrave.com/cgi-bin/fg.cgi?page=gr&GRid=18496

Birth: Sep. 26, 1864
Death: Feb. 3, 1939

Businessman. He was the founder and president of the D. L. Clark Company of Pittsburgh, where the world famous Clark Bar was produced.Family links:
Spouses:
Caroline Frances Snitger Clark (1872 – 1963)*
Martha Jane Snitger Clark (1869 – 1921)*Children:
Helen Marguerite Clark Tawney (1891 – 1973)*
Harold Snitger Clark (1893 – 1977)*
Frank William Clark (1895 – 1915)*
Olive Caroline Clark Caldwell (1897 – 1962)*
Martha Ruth Clark Gerwig (1899 – 1977)*
David Lytle Clark (1902 – 1980)*
Margaret Mary Clark Davis (1903 – 1979)*
Robert Meringo Clark (1905 – 1985)*
Charles Tawney Clark (1908 – 1975)*
Dorothy Virginia Clark Sprague (1909 – 2000)*
Kathryn Robinson Clark Aiken (1911 – 1985)*
Joseph Leonard Clark (1911 – 1992)*
Alan Frederick Clark (1912 – 1977)*http://www.findagrave.com/cgi-bin/fg.cgi?page=gr&GRid=32269273Gabriella Clark Armour

Lambert (Bunny Mellon)
Lowe, Lloyd, Walker, Mellon, Barnes, GILLette, Moore, Hunter, etc..
Soraya Khashoggi, née Sandra Daly
Patricia Ann Dailey
(1955–2007; divorced),
Leslie DeMeuse-Disney (2008–2009; his death)
 
(GRAHAM)
Also see:
 
 
 
 
 
This entry was posted in Famous People, Faraway Places and Travel, Planes, Trains and Automobiles, Sandcastles, Powderpuffs and Stars, Uncategorized. Bookmark the permalink.

7 Responses to Candy Lands

  1. Renee says:

    http://en.wikipedia.org/wiki/JPMorgan_Chase
    JPMorgan Chase & Co. is an American multinational banking corporation of securities, investments and retail. It is the largest bank in the United States by assets.[2] It is a major provider of financial services, with assets of $2 trillion and according to Forbes magazine is the world’s second largest public company based on a composite ranking.[3] The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States.[4] It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.[5]

    The J.P. Morgan brand is used by the investment banking as well as the asset management, private banking, private wealth management and treasury & securities services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank’s retail banking activities in the United States, and commercial banking. The corporate headquarters are in 270 Park Avenue, Midtown, Manhattan, New York City, New York, and the retail and commercial bank is headquartered in Chase Tower, Chicago Loop, Chicago, Illinois, United States.[5]

    JPMorgan Chase is one of the Big Four banks of the United States with Bank of America, Citigroup and Wells Fargo.[6][7][8][9][10][11] According to Bloomberg, as of October 2011 JPMorgan Chase surpassed Bank of America as the largest U.S. bank by assets.[12] Through its predecessor, the Bank of the Manhattan Company, it is the 22nd oldest bank in the world.

    http://en.wikipedia.org/wiki/J._Pierpont_Morgan

    http://en.wikipedia.org/wiki/Jamie_Dimon

  2. Renee says:

    http://en.wikipedia.org/wiki/Bob_Diamond_(banker)
    http://en.wikipedia.org/wiki/Morgan_Stanley
    http://en.wikipedia.org/wiki/Barclays
    http://en.wikipedia.org/wiki/Libor_scandal
    The Libor scandal is a series of fraudulent actions connected to the Libor (London Interbank Offered Rate) and also the resulting investigation and reaction. The Libor is an average interest rate calculated through submissions of interest rates by major banks in London. The scandal arose when it was discovered that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were.[3] Libor underpins approximately $350 trillion in derivatives. It is controlled by the British Bankers’ Association (BBA).[4]

    The banks are supposed to submit the actual interest rates they are paying, or would expect to pay, for borrowing from other banks. The Libor is supposed to be the total assessment of the health of the financial system because if the banks being polled feel confident about the state of things, they report a low number and if the member banks feel a low degree of confidence in the financial system, they report a higher interest rate number. In June 2012, multiple criminal settlements by Barclays Bank revealed significant fraud and collusion by member banks connected to the rate submissions, leading to the scandal.[5][6][7]

    Because Libor is used in U.S. derivatives markets, an attempt to manipulate Libor is an attempt to manipulate U.S. derivatives markets, and thus a violation of American law. Since mortgages, student loans, financial derivatives, and other financial products often rely on Libor as a reference rate, the manipulation of submissions used to calculate those rates can have significant negative effects on consumers and financial markets worldwide.

    On 27 July 2012, the Financial Times published an article by a former trader which stated that Libor manipulation had been common since at least 1991.[8] Further reports on this have since come from the BBC[9][10] and Reuters.[11] On 28 November 2012, the Finance Committee of the Bundestag held a hearing to learn more about this.[12]

    The British Bankers’ Association said on 25 September 2012 that it would transfer oversight of Libor to UK regulators, as predicted by bank analysts,[13] proposed by Financial Services Authority Managing Director Martin Wheatley’s independent review recommendations.[14] Wheatley’s review recommended that banks submitting rates to Libor must base them on actual inter-bank deposit market transactions and keep records of those transactions, that individual banks’ LIBOR submissions be published after three months, and recommended criminal sanctions specifically for manipulation of benchmark interest rates.[15] Financial institution customers may experience higher and more volatile borrowing and hedging costs after implementation of the recommended reforms.[16] The UK government agreed to accept all of the Wheatley Review’s recommendations and press for legislation implementing them.

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