history of Durable Toy & Novelty Co

Item number: Durable Toy & Novelty Co (428

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Category: Durable Toy & Novelty Co




Description

Company history and description of the company

In 1912 the Durable Toy & Novelty Co was founded.
They produced banks, pianos, grocery stores.
They had the office in New York City and the factory was in Cleveland, Ohio.
Their banks worked like this: the penny bank locked on the first cent and would open after $1 in pennies was deposited; whereas it would take $10 in dimes to unlock the dime bank. By 1923, the three-coin register bank, which would take dimes, nickels and quarters, became available and has survived, under several different manufacturing companies, to this day.
1958 the company was purchased by Western Stamping. Now the banks ar all steel construction with heavy guage tin and they replaced the painted instructions on the back of the unit with a sticky decal

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