Peter Bally

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Peter Bally (born February 10, 1783 in Schönenwerd ; † November 23, 1849 there ) was a Swiss entrepreneur of Austrian origin who was active in the textile industry.

Origin and education

Bally was a son of Franz Ulrich Bally, a textile merchant from Übersaxen in Vorarlberg who immigrated in 1778 and settled in Schönenwerd. At the age of twelve he joined the JR Meyer tape factory in Aarau in order to contribute to the family income. The entrepreneur became aware of Bally's skills and promoted him. He not only learned the business practice in the warehouse and office, but he also attended the cantonal school for some subjects. During this time he learned French and acquired a considerable commercial education.

Entrepreneurial action

In 1804 he got into his father's badly doing business. He made his participation dependent on him being given overall management. He ran his father's business together with his brother Niklaus. Under his leadership, the business focused on the sale of ribbon and junk goods. Trade fairs were the fairs in Zurich , Neuchâtel , Bern , Lucerne and Zurzach . The brothers' attempt at restructuring was successful and in 1811 they started their own business from their father under the company "Franz Ulrich Bally Söhne".

In 1823 the trade was supplemented by the company's own production of ribbon goods in Schönenwerd. In 1835, Bally took advantage of the new economic opportunities that had arisen with the establishment of the German Customs Association and founded the first mechanical ribbon weaving mill in Säckingen in the Grand Duchy of Baden .

Further work

Bally founded the secondary school in Schönenwerd in 1835 and supported the founding of a sewing school by his wife in 1834. He was a member of the Cantonal Council of Solothurn and belonged to the Liberal Party.

family

On September 7, 1807, Bally married Anna Maria Herzog from Schönenwerd. His marriage had fourteen children: eleven sons and three daughters. One of these children was the later industrialist and industrial pioneer Carl Franz Bally . In 1823 he started his own ribbon production in Schönenwerd. In 1836 he founded a branch in Bad Säckingen . In 1849 he split up the business: the sons Fritz Bally and Carl Franz Bally took over the elastic and suspender factory in Schönenwerd. Peter II and Alexander got the ribbon weaving mill in Schönenwerd, Jean, Theodor and Gustav I the ribbon weaving mill in Bad Säckingen.

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personal data
SURNAME Bally, Peter
BRIEF DESCRIPTION Swiss entrepreneur
DATE OF BIRTH February 10, 1783
PLACE OF BIRTH Schönwerd
DATE OF DEATH November 23, 1849
Place of death Schönwerd