Hoyt Electrical Instrument Works was established in 1904 by Dr. Hoyt, an engineer and inventor who built and designed six electric and five steam cars. A car enthusiast, Dr. Hoyt also owned the first automobile in New Hampshire and was one of the founders of the New Hampshire Automobile Club in 1900.
While the car manufacturing never took off for Dr. Hoyt, electrical metering competitors offered Hoyt a substantial amount of money to sell his company and his line of direct reading meters. Dr. Hoyt decided this must be a growing industry and decided to compete, establishing Hoyt Electrical Instrument Works, Inc. in 1904. Read the full story here: http://www.hoytmeter.com/hoytmeter/hoyt-history .