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Always in the Forefront
Al Guden, Chairman of the Board of H. A. Guden Co., Inc., is the third
generation of his family to head the company. Over the years, the
business has grown throughout a colorful history of individual
accomplishment, and customer relationships that have lasted through some
of the best of times and trying times of American business.
H. A. Guden Co., Inc. was founded in 1920 with a location at 225 Canal
Street in downtown New York City. It was formed as a break-off from the
Foster Merriam Co. of Meriden, Connecticut, where H. A. Guden had
followed his father, Charles Guden, as New York Sales Manager. Edwin
Guden, H. A.'s brother, also worked for the firm as a local sales
representative.
In an unusual display of business insight and integrity, Foster Merriam
"celebrated" its 100th birthday by paying all its bills and closing its
doors. Management felt they were unable to compete with the new
corporations entering the field. Their line had been basically furniture
hardware, hinges and casters.
The new H. A. Guden Co. purchased the foundry and patterns from the old
corporation. H. A. Guden became president and held the position until
his death in 1973.
The very first year of operation, the company had to face the financial
depression of 1921. Another challenge came from the unexpectedly rapid
technology shift from the phonograph to the radio. H. A. Guden supplied
hardware to makers of phonographs, and, in a period of three weeks, the
company took on approximately $50,000 in bad debts -- a huge amount of
money in those depressed times. Many of the phonograph companies, unable
to pay their bills, sent phonographs in lieu of cash.
As Jack's son Al recalls his father saying, "For many months, your
grandmother bartered phonographs for food, coal and ice."
In 1934, Jack Guden, armed with his new Mechanical Engineering degree
from Brooklyn Polytechnic (now Polytechnic University), entered the
business world, in the depths of the Great Depression. Jack's first job
was as an engineer at the Robbins Conveyor Company. He later founded his
own company, and, starting in 1938, also worked part time for the family
business until he joined the Navy at the outbreak of World War II.
After the War, Jack returned to H. A. Guden Co., Inc. He learned every
phase of the business, progressing from shipping through sales and
management until taking the reins in 1973. Jack became the pivotal
figure between his father H. A. and his son Al, who survives Jack today.
"I've been fortunate to always be in the forefront of changes in our
business," Al recalls his father saying. "We've covered it all, from
phonographs to radios, television sets, furniture and toilet seats to a
variety of technical, electronic, automotive and other hinge
applications. Guden hinges have been on every NASA mission to the Moon
and even allowed the Lunar Rover 'moon buggy' to unfold."
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