Pusey and Jones

The Pusey and Jones Corporation was a major shipbuilder and industrial-equipment manufacturer from 1848 to 1959.

Shipbuilding was the primary focus from 1853 until the end of World War II, when the company converted the shipyard to production of machinery for paper manufacturing. The yard built more than 500 ships, from large cargo vessels to small warships and yachts, including “Volunteer”, the winner of the 1887 America’s Cup.

The company began in 1848, when Joshua L. Pusey and John Jones formed a partnership in Wilmington, Delaware, to run a machine shop in space rented from a whaling company. The shipyard sat between the Christina River and the main line of the Pennsylvania Railroad.

In 1851, Edward Betts and Joshua Seal, who were operating an iron foundry in Wilmington, purchased an interest in the business, and the name of the company became Betts, Pusey, Jones & Seal.

In 1854, Pusey and Jones built the first U.S. iron-hulled sailing vessel, the schooner "Mahlon Betts".

At the beginning of the Civil War the company began building vessels for the U.S. military. The first was a sloop of war, which required immediate expansion of the workforce. The company also built engines and boilers for other shipbuilding firms.

In 1887, the company built the first steel-hulled yacht to win the America’s Cup, "Volunteer".

During World War I, the firm grew to more than 2,000 employees. A second shipyard was added in Gloucester City, New Jersey, which was initially called Pennsylvania Shipbuilding Company but was soon changed to Pusey & Jones. After producing 19 ships, the name was changed to New Jersey Shipbuilding Company. The yard was closed after the war.

After the business slump of the early 1920s, the company reorganized in 1927 under businessman Clement C. Smith, becoming Pusey and Jones Corporation. The company focused on building large luxury steam and motor yachts for wealthy patrons.

...
Wikipedia