Grace's Guide

British Industrial History

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Level New Furnaces

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The Earl of Dudley's Level New Furnaces

Blast furnaces

1788 The Gibbons brothers, Thomas, William and Benjamin, leased a furnace at the Level.

1814 Benjamin Gibbons made over the Level furnaces and other industrial plant to his nephews (John, Benjamin, and Thomas) in return for an annuity, a capital sum of £24,000, and the Corbyns Hall estate which the family had purchased in 1779. The separating off of Benjamin Gibbons's interests was providential, for it was to allow the family to recover from the bankruptcy which overwhelmed it in the post-war slump.

1816 The three brothers were recorded bankrupt as bankers, bringing the iron business down with them. Something was saved from the wreck when Benjamin Gibbons, in the guise of a preferential creditor, compelled the assignees to transfer the Level works and collieries to him.

c.1830 Benjamin junior, with his cousin, William Gibbons, operated the Level New Furnaces

1848 After William's death, Benjamin carried on the operations on his own.

1923 Acquired by Round Oak Steel Works Co


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