Ludlow Valve Manufacturing Company.

The Ludlow Valve Manufacturing Company was founded by Henry Ludlow in 1861. Ludlow, a native of Nassau, NY, had graduated with an engineering degree from Union College in 1843. He started the company in Waterford, NY but it quickly grew and Ludlow moved it first to Lansingburgh, NY, in 1872, and then to Troy, NY in 1897. When the company moved to Troy it took over the facilities of the Rensselaer Iron Company (Rensselaer Iron and Steel Company) located on the Poestenkill River in South Troy. Ludlow Valve Manufacturing Company was locally managed by four presidents until the 1930s. The first president was Henry Ludlow and he remained in the position until the early 1890s when he was succeeded by John Christie. At this time, Ludlow sold his interests in the company to a group of investors from New York City. The company was one of the largest valve manufacturers in the country and had continued success under Christie and his nephew James H. Caldwell. Caldwell graduated from Rensselaer Polytechnic Institute in 1886 and joined the Ludlow Valve Manufacturing Company in 1888. In 1892 he was elected vice president, in 1893 he became general manager, and in 1909 he took over the role of president for the company. During his presidency, Ludlow Valve Manufacturing Company was the largest valve and fire hydrant manufacturer in the country and perhaps the largest in the world. Interestingly enough, Caldwell was also Vice President of Rensselaer Polytechnic Institute and his daughter was married to Livingston W. Houston, future president of both the Ludlow Valve Manufacturing Company and Rensselaer Polytechnic Institute. Caldwell retired as president from Ludlow in the late 1920s and evidence exists that a man named William H. Lolley succeeded him. Lolley was president of Ludlow during crucial years in the early 1930s when serious investigation was taking place regarding the current and future of the company. When Lolley left (mid 1930s), Livingston Houston took over as president of Ludlow. Houston, using Lolly's recommendations, introduced a series of changes designed to make Ludlow as prominent as it had once been. Houston did not remain president for long, leaving the company in 1935 for a position at RPI. However, he did remain involved in the company as a board member for many more years. Despite efforts by the Board of Directors, a series of ineffective presidents plagued the business for many years. A merger with Rensselaer Valve Company was one more effort to revive Ludlow Valve Manufacturing Company in 1954. It was hoped that Ludlow could reduce employees, gain strong management and consolidate assets through this merger. However, physical dismantling of Rensselaer Valve Company was lengthy and expensive. In the early 1960s, all the problems faced by Ludlow-Rensselaer Valve Company came to a head. Foreclosure proceedings were brought against the company by James Talcott and Company, a primary lender. Future attempts at reorganization were for naught, and in 1969 final dismantling was initiated. Ludlow valves are still manufactured today under the Patterson Pump Company name in Georgia.