National Cordage Company

The National Cordage Company was formed in New Jersey in 1887, for the importation of hemp and the manufacture and sale of cordage. It is noteworthy because of its expansion at the beginning of the 1890s and its initial public offering of $5,000,000 of 8% cumulative preferred stock. The corporation sought to decrease the cost of production and distribution of their products. It issued a prospectus on August 1, 1887 and quickly sought to dominate the market in raw materials.

The sudden insolvency of the business, in 1893, resulted from its inability to acquire enough money to continue.