tag:blogger.com,1999:blog-48355485199736543402024-03-12T23:27:03.775-04:00Vintage Stocks and BondsUpdate: August 12, 2017 - I'm back. The summer is racing by and I am in search of more certificates for both my collection as well as inventory for upcoming shows.
As always, excited to research certificates free of charge detailing the history of old certificates. Please send emails with photos to vintagestocksandbonds@gmail.com.
Comments and suggestions are always welcome.Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-4835548519973654340.post-5041945305065639902015-04-11T00:12:00.000-04:002015-10-05T20:32:12.971-04:00Part 2: The Soldiers' Business Messenger and Dispatch CompanyThis is the second installment, although delayed, of my research of <b>The Soldiers' Business, Messenger and Dispatch Company </b>executive team. If you want to read my first article on the messenger service please click <a href="http://vintagestocksandbonds.blogspot.com/2013/08/the-soldiers-business-messenger-and.html" target="_blank">here</a>.<br />
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For me, real excitement starts with the drive home after finding the Scripophily gem. I have experienced this maybe a handful of times over the last several years. You know the feeling, although verification of my suspicions is necessary, a feeling of calm washes over me as I imagine the hours of research, digging for explanations by learning the details of these long forgotten investments. My goal for this blog entry is to wrap up my research of the rare stock certificate found at the local flea market in New Jersey.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbOy4DFUFw9UP6ohLRu0_Q7vhTNFWTKqcZz2Ky-QKgueouW2bXUNEEtIJRtP-24hSYVRo2JOk5-e7KbUa-39NMIP-QcyipdVU1-U6KidIFyOMOvnF2jlMCQ03Fmti5kwhhkDwOtDtIqAFL/s1600/Golden+Nugget.JPG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><br /></a>
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Almost every evening, for several weeks after this find, I settled in on my comfy couch searching for more information about the company.<b> </b>The certificate is signed by four (4) different Generals, two from the civil war and two promoted after the war when they enlisted with the New York War Staff soon know as the National Guard of New York, including one recipient of the Medal of Honor from the Civil War, Major-General Alexander Shaler - signed as President (Recipient of the Medal of Honor and Founder and President of the National Rifle Association).<br />
<br />
The certificate is issued to <b>Brigadier </b><b>General, New York War Staff Seldon E. Marvin </b>(Major 1861-5 U.S.V.) (1835-1899) served as a U.S. Army paymaster. Marvin
had previously served as the Adjutant of the 112th New York Volunteers.
Photo by Addis Washington D.C. After the War Marvin served as the
Adjutant General for the State of New York.<br />
<br />
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyjz_ROQpjGo9LP_mM0d9PsXL1jCff-j2G83gxg3hQnneqC7lABZ3AfvjA4KUT3shp-cbKNwS3kVXXh-K0ybtRQhaiquntNktPk9ztF9ZJXiXAOm3UIanyEvTxRTYAzqz7x_5UsPfTqkey/s1600/SeldonEMarvin.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyjz_ROQpjGo9LP_mM0d9PsXL1jCff-j2G83gxg3hQnneqC7lABZ3AfvjA4KUT3shp-cbKNwS3kVXXh-K0ybtRQhaiquntNktPk9ztF9ZJXiXAOm3UIanyEvTxRTYAzqz7x_5UsPfTqkey/s200/SeldonEMarvin.JPG" width="152" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Brigadier General, <br />
New York War Staff <br />
Seldon E. Marvin<br />
<br /></td></tr>
</tbody></table>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0RjmwC7NRIMlVZ8Y_iCgd00-IeWAfghJFnmqmNOjihEISACOXKG52tUBMuiP00iqik-nL2NEcGj7hj4egLiKPoIWxRJcENETuMiynATIh2sizO9B6JNCzMq7m1wxeTQMtQ0NEfOC2KdKZ/s1600/MOH1862.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0RjmwC7NRIMlVZ8Y_iCgd00-IeWAfghJFnmqmNOjihEISACOXKG52tUBMuiP00iqik-nL2NEcGj7hj4egLiKPoIWxRJcENETuMiynATIh2sizO9B6JNCzMq7m1wxeTQMtQ0NEfOC2KdKZ/s1600/MOH1862.JPG" width="121" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">1862-1896 Army Version <br />
Medal of Honor<br />
<br />
<br /></td></tr>
</tbody></table>
<b>General J. Henry Liebenau</b> was a distinguished adjutants of the Seventh Regiment enlisted in the Second Company joining in 1849. He was regularly promoted unti he resigned in 1863 and in 1864 was reappointed adjutant of the Seventh Regiment After a brief service in 1866 as aide de camp for the staff of Governor Fenton he was appointed commissary general of subsistence. Later in 1870 he was appointed division inspector upon the staff of the First Division and was for two years acting chief of staff and he resigned and finally retired from the military service in 1874. General Liebenau died in New York in 1878.<br />
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<div style="margin-bottom: 0in;">
<b>Major-General Alexander Shaler</b>, Recipient of the Medal of Honor - was born on March 19,
1827 in Haddam, Connecticut whose family immigrated from
Stratford-on-Avon, England, to Boston in 1662, and organized the town
of Haddam. Alexander grew up in New York City and married Mary
McMurray on March 31, 1847. Shaler joined the New York Militia as a
Private in 1848, and by 1860 was promoted to Major. Deploying briefly
to the Defense of Washington, D.C. with the Seventh Regiment, New York
Volunteer Infantry, Shaler became Lieutenant Colonel in the 65th New
York, receiving the promotion to full Colonel in time to lead the
65th during the Second Battle of Fredericksburg, at Marye's Heights. </div>
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<div style="margin-bottom: 0in;">
During this battle, in a most critical moment during the attack, the Union charged in columns up two main roads after mortally
wounding the highest ranking officer to gunfire and was about to be
over taken by the severe fire of the enemy's artillery and infantry.
At that moment, Colonel Shaler pushed forward with a supporting
column, into the Confederate lines and turned the Confederate flanks. Shaler
personally took up the colors and led his men into the fortifications
of General Jubal. </div>
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<br /></div>
<div style="margin-bottom: 0in;">
Early capturing the position and an officer, earned
a promotion to General and the Medal of Honor. Shaler’s unit would
also see battle at Salem Church, Gettysburg, and the Overland
Campaign, and Shaler personally would ascend to the rank of Brevet
Major General, spend time commanding a Union prisoner of war camp also
spent time as an inmate at Libby Prison following his capture at the
Battle of the Wilderness, and then spent the remainder of the War in
the Department of the Gulf.
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<div style="margin-bottom: 0in;">
After the end of the War, Shaler
returned to New York City, where he immersed himself in civic
activities.
</div>
1867-1870 President of the New York fire department between
<br />
1870-1873 Fire commissioner<br />
<div style="margin-left: 1in; text-indent: -1in;">
1874-1875 Reorganized
the fire department of Chicago after the great fire of 1874 and
serving as consulting engineer to the board of fire and police.
</div>
1883-1887 President of the health department of New York City
<br />
<div style="margin-left: 1in; text-indent: -1in;">
1883-1887 One of the
founders and president of the National Rifle Association and an
incorporator/club commander of the Army and Navy New York Commandery
of the Military Order of the Loyal Legion of the United States.
</div>
1883 and 1884 President of the Association of Union Ex-Prisoners
of War New York City
<br />
<div style="margin-left: 1in; text-indent: -1in;">
1887-1896 Member of
the Union League Club the GAR the New York Historical Society the
American Geographical Society the American Museum of Natural History
the General Society of Mechanics and Tradesmen and the Society for
the Preservation of Scenic and Historical Places and Objects.</div>
<div style="margin-left: 1in; text-indent: -1in;">
1867-1869 President of
the Soldiers' Business Messenger and Dispatch Company, President and
Director of the National Rifle Association</div>
<div style="margin-left: 1in; text-indent: -1in;">
1899-1900 Mayor of
Ridgefield New Jersey and President of the board of health and the
board of education and of the Improvement association.</div>
<div style="margin-bottom: 0in;">
<br /></div>
Alexander Shaler<b> </b>died December
28, 1911 in New York City, interred in Ridgefield, New Jersey.<br />
<br />
After several attempts, I was able to find a copy of the bylaws listed as an item located in the Library of Congress (LOC). A trip to the nations capital was not practical so while I continued to explore the LOC website I discovered a web form intended for submitting questions about ongoing research. So I drafted a brief explanation of my research to date asking for any assistance. To my absolute amazement, a response email was received five hours later from Eric Frazier, Reference Librarian in the Rare Book and Special Collections Division of the Library of Congress. Eric emailed a copy of the company bylaws including a link to the copyright holders I am certain I will be visiting the Library of Congress website soon. THANK YOU Eric! <br />
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh76uPV_dP1iXw4_YwcVawDGgBjTtKYtnQq0WiDu033LnkgK15eo_kHtQSbW31ZzWyE2dj13Xt7yKTiEeNCRYvsr1gNaKs76e9DCWTqlzQL5U6xRZkWhfJdkIqK354F8VsxnByUDrXC9vXO/s1600/JHLiebenau.JPG" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh76uPV_dP1iXw4_YwcVawDGgBjTtKYtnQq0WiDu033LnkgK15eo_kHtQSbW31ZzWyE2dj13Xt7yKTiEeNCRYvsr1gNaKs76e9DCWTqlzQL5U6xRZkWhfJdkIqK354F8VsxnByUDrXC9vXO/s1600/JHLiebenau.JPG" width="170" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">J. Henry Liebenau</td><td class="tr-caption" style="text-align: center;"><br /></td></tr>
</tbody></table>
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Discovered in the by-laws was the accessible requirement of ownership of the stock required for all officers and directors. Each director was required to own at least 25 shares of stock. An additional round of financing was assessed in 1868 and since the shares were proportionally assigned, current shareholders were required to contribute a total $100,000 of additional capital. For those that did not pay, an advert was placed in the newspaper containing their name, the amount owed and the number of shares held. In some cases it was a matter of .43c but that was still considered an unpaid debt.<br />
<br />
On most share certificates issued since that time period are marked "Non-accessible" as the investment made did not obligate the investor to future contributions. Non-accessible stocks typically had the words "fully paid and non-accessible" printed on the stock certificate. Investopedia explains 'Non-accessible Stock' as accessible stocks proved unpopular, and most companies
switched over to issuing non-accessible stock in the late 1880s .
Although equity was no longer sold at a discount compared to its share
price, investors were more confident about buying non-accessible stocks
because they no longer had to be concerned about the possibility that the
issuer would show up sometime in the future and force them to make additional investments after the initial
transaction.<br />
<br />
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<div style="text-align: left;">
</div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVQMeF0nJt654KEsaN5eQtXnMk6iokL8P1jDkolQQTtwAQqNHDdaYyr_uf47oKE7ZIUaIRA31A1MEG6eOlMg1xLiRrUjKbHcwHurY6goovZ95l8ojNKdfVacQcx4bknlkWxkl92JgW2OOn/s1600/Shaler.JPG" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVQMeF0nJt654KEsaN5eQtXnMk6iokL8P1jDkolQQTtwAQqNHDdaYyr_uf47oKE7ZIUaIRA31A1MEG6eOlMg1xLiRrUjKbHcwHurY6goovZ95l8ojNKdfVacQcx4bknlkWxkl92JgW2OOn/s1600/Shaler.JPG" width="271" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Major-General Alexander Shaler<br />
Recipient of the Medal of Honor</td></tr>
</tbody></table>
A lawsuit against <b>The</b> <b>Soldiers' Business, Messenger and Dispatch Company</b> was based on a mortgage for consideration of goods and chattels part of which were in the State of New York and part in New Jersey. The mortgage was filed in the former but not in the latter state. Details of the suit held that the mortgage was valid and operative against creditors in New York but not valid in New Jersey. Testimony documented from court records shows what portions of the mortgaged property were severally in New York and New Jersey when the mortgage was delivered.<br />
<br />
In the spirit of the law, the court upheld the idea that the assets geographically located in both states were intended to be included in the original mortgage and as a result the assignee had an expectation that those asset would be included in the dismantling of the company.<br />
<br />
The end of <b>The</b> <b>Soldiers' Business, Messenger and Dispatch Company</b>
came in the form of bankruptcy filed in April 1869 which resulted in a
challenge over a dispute of which assets could be used to discharge the
filing in Smith v. The Soldiers' Business, Messenger and Dispatch
Company. <br />
<br />
<b>Sources </b><br />
Pittston Gazette July 25,1900 Pittston, PA <br />
Library of Congress - Bylaws of <b>The</b> <b>Soldiers' Business, Messenger and Dispatch Company</b><br />
Investopedia 'Non-Assessable Stock'<br />
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<b>NEWS </b><br />
January's event at the National Stocks and
Bond Show was exciting, educational and well, just pure fun. I
presented Internet
Excavations by a New Scripophilist. I shared some of my
search techniques locating corners of the internet where old
certificates go to
hide. Please consider for a day learning about old stocks and bonds.
Send any comments, suggestions, funny stories or confessions to
vintagestocksandbonds@yahoo.com. Well... maybe not confessions.Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com2tag:blogger.com,1999:blog-4835548519973654340.post-11574501283157095612015-02-16T21:35:00.000-05:002015-02-16T21:35:05.236-05:00Warner Company - Web Search in PracticeLarry Kachelriess, a newly minted member of the International Bond and Share Society (IBSS written out for all of those robot search engines that have a hard time translating abbreviations), signed up at the National Stock and Bond show in Herndon VA. Larry had limited success finding references to the Warner Company online and contacted me asking if I could find any information about the company, one of the five specimens he purchased at the show from Tom Lareau. We are always excited to have new members and was intrigued by the challenge. I spent the next evening digging into what turned out to be a fascinating company with a significant history in Pennsylvania related to William Penn, credited with establishing Pennsylvania, I know, really. During my research an interesting fact, good trivia for your next dinner party, turned up from Wikipedia that the name Pennsylvania originates from the combination of Sylvania, one of the first proposed names for the area being land granted (Latin for "forests" or "woods"), which King Charles II changed to "Pennsylvania" in honor of Penn. <br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQBgA20ytuyA9pAcyumDs-IF8l4oXIwtjd_buZHMVrLm893KsyR0qa2U-4R_BoXEYz8pTjj_8yDQQ6fg0W0vL0NpnvWAYNFYD8-2vD4ilbvL6vRPGop2zZqAbiCICO5MtBk3fiBHlGre1E/s1600/warner+company+Top.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQBgA20ytuyA9pAcyumDs-IF8l4oXIwtjd_buZHMVrLm893KsyR0qa2U-4R_BoXEYz8pTjj_8yDQQ6fg0W0vL0NpnvWAYNFYD8-2vD4ilbvL6vRPGop2zZqAbiCICO5MtBk3fiBHlGre1E/s1600/warner+company+Top.JPG" height="155" width="400" /></a></div>
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Starting with the elements on the certificate I started my review searching for its many clues. First, this certificate is a specimen of Common stock $10 par value of the Warner Company. Other observations are the imprint in the lower center on the certificate, the incorporation from Delaware in 1929 and a closer inspection of the vignette at the top of the certificate shows a water-front scene in the printed the text, "Warner 1794" on the side of the warehouse and is bracketed by classic profile images of William Warner and John Warner wearing vintage clothing. So this company appears to be a re-creation of an older company using the history of the family as part of the brand. The president of the company was printed clearly as John Curtin Jr. and Treasurer, Charles Warner, Jr. Printed by Security-Columbian Banknote Company.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0qg4d3dI10EB5GPUbtjIJHEjLwcmjbjEmHmfCKlPQwpm31_7V4kla9dNtaKhXFx0ghWG4IMDwl4H6P0l8MVYrorzOtwFLgMz9XKDtkQpz4aDcLRji7i6bgzAkQYcDTznG2Uq6YkTHL3tj/s1600/warner+company+Cert.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0qg4d3dI10EB5GPUbtjIJHEjLwcmjbjEmHmfCKlPQwpm31_7V4kla9dNtaKhXFx0ghWG4IMDwl4H6P0l8MVYrorzOtwFLgMz9XKDtkQpz4aDcLRji7i6bgzAkQYcDTznG2Uq6YkTHL3tj/s1600/warner+company+Cert.jpg" height="224" width="320" /></a>Putting those facts to work, using Google, documents were found with the date January 1, 1948 listing John Curtin, Jr. as being named President of the Warner Company. I am fairly certain the Specimen is most likely from that time period. Chasing that thread of information, main offices of the Warner Company, were published as 219 North Broad Street in Philadelphia, PA. Business interests primarily dealt in the quarrying and transport of
limestone and distributing sand and cement. Warner Company had branch
offices maintained at New York, Pittsburgh, and Wilmington. Operations
appear rather widespread focused on the eastern seaboard in the North
Atlantic area and through the Pittsburgh office reached westward. <br />
<br />
<b>Searched: “1948 "warner company" philadelphia -time” </b><br />
<b></b><br />
<b>Results: http://http://0-www.worldcat.org.novacat.nova.edu/identities/nc-warner%20company/</b><br />
<br />
Uncovered the specific file date of incorporation: March 25, 1929.<br />
<br />
http://www.worldcat.org/title/warner-company-certificate-of-incorporation-filed-march-25-1929-incorporated-under-the-laws-of-delaware/oclc/887186673<br />
<br />
<b>Searched: “219 North Broad Street Philadelphia” </b><br />
<b><br />Results: http://hiddencityphila.org/2013/11/from-obscure-to-ostentatious-the-flint-building/</b> <br />
<br />
The building that was used by John Curtin for the re-created Warner Company had its own interesting history. George Flint, local entrepreneur, being a major partner and later President of the REO Motor Company in Philadelphia chose to place his personal headquarters in Philadelphia on Automobile Row. In early 1920, Flint purchased a couple of 1850s-era structures at 219-225 North Broad Street and announced that he would construct a 15-story, $750,000 office/factory in the 80′ x 100′ space later reduced to 11 floors at a cost of $350,000. It was known as the Flint Building. The building officially opened on April 1, 1922 and was occupied by Flint through the explosive growth period of the auto industry. In the 1940s and 50s, with Automobile Row completely removed to the northern end of the building and the upper floors, along with Mr. Flint’s empire vacant, the space was occupied by the Warner Company, fast forward to 2003, a year after Tenet Healthcare, then tenants, began a 20-year merger with the Drexel University School of Medicine, the old Flint Building was purchased by Drexel University for $4.2 million, fully refurbished now named the Arnold T. Berman, M.D. Building.<br />
<br />
My search continued looking for references to the Warner Company in the digitized repository within <i>books.google.com.</i> Below is the syntax to target the search to the specific site.<br />
<br />
<b>Search: "warner company" +pennsylvania site:books.google.com </b><br />
<br />
<b>Results: https://books.google.com/books?id=ijcrAAAAYAAJ&pg=PA375&lpg=PA375&dq=%22John+Curtin+Jr.%22+warner&source=bl&ots=w0Nr2wVtv8&sig=-aLBNGjVYyd-f2ZiNI8ku9A- BzY&hl=en&sa=X&ei=tTPQVNDTL8KhNoC1gZgG&ved=0CB4Q6AEwAA#v=onepage&q=%22John%20Curtin%20Jr.%22%20warner&f=false </b><br />
<br />
The next search was just for "John Curtin Jr." Warner with the name in quotes to force an exact match on the name yielding this document that after reading, was the real key to researching the Warner Company. A comprehensive section of a book dedicated to the creation and history of the company.<br />
<br />
<b>Search: "John Curtin Jr." Warner </b><br />
<br />
<b>Results:
Pennsylvania Titan of Industry by SYLVESTER K. STEVENS, Ph.D State Historian; Executive Secretary, Pennsylvania Federation of Historical Societies - Volume Three LEWIS HISTORICAL PUBLISHING COMPANY, INC. New York 1948 </b><br />
<br />
<b>http://tera-3.ul.cs.cmu.edu/NASD/4dcb85c3-9fee-4c83-9e6d-fe6ce5522b59/China/disk4/76/76-5/31010748/HTML/00000392.htm </b><br />
<br />
<b>http://tera-3.ul.cs.cmu.edu/NASD/4dcb85c3-9fee-4c83-9e6d-fe6ce5522b59/China/disk4/76/76-5/31010748/HTML/00000393.htm </b><br />
<br />
<b>http://tera-3.ul.cs.cmu.edu/NASD/4dcb85c3-9fee-4c83-9e6d-fe6ce5522b59/China/disk4/76/76-5/31010748/HTML/00000394.htm </b><br />
<br />
<b>http://tera-3.ul.cs.cmu.edu/NASD/4dcb85c3-9fee-4c83-9e6d-fe6ce5522b59/China/disk4/76/76-5/31010748/HTML/00000395.htm </b><br />
<br />
Wrapping up the recent history, I turned my search engines on the older Warner Company’s activities.<br />
<br />
Expanding the search into the history of the name, the search into the Warner Company yielded Charles Warner which returned a number of results as Charles holds an interesting linkage with William Penn, the English real estate entrepreneur, philosopher, early Quaker and founder of the Province of Pennsylvania, the English North American colony and the future Commonwealth of Pennsylvania at the turn of the 16th century.<br />
<br />
Once a thread could be established between the Warner family and William Penn, the Manor house was added to my search request unveiling a family history of the Warner family and their expansion into the new American west.<br />
<br />
<b>Search: history of pennsbury manor "charles warner" </b><br />
<br />
<b>Results: http://freepages.genealogy.rootsweb.ancestry.com/~wynkoop/webdocs/warnerfn.htm </b>provided by Hayward Dare Warner in 1971<br />
<br />
History paints the early Warner family as pioneers coming to America even before the land grant to Penn was established. Joseph Warner, born in 1742, a distant relation to Charles, was one of the founders of the Bank of Delaware. He and his sons, John and William, (pictured on the certificate) operated a line of boats between Wilmington, Delaware and Philadelphia and had a trading business along the coast and with the West Indies. Some of this family settled around Wilmington.<br />
<br />
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYDZ14h8epc9UXjdctDYlYae3jR8tiMJmGdBv6x8kns1kYr3GkJtv8MjMt0eNR2Gdr1_1epzMKKedv5Ea5MlYMT-DAZ2n3zJbGWenUuWKZBo1Q11CyqCyU3atNuIQUQ1VVho4DxOe5hrDv/s1600/WPennLand.JPG" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYDZ14h8epc9UXjdctDYlYae3jR8tiMJmGdBv6x8kns1kYr3GkJtv8MjMt0eNR2Gdr1_1epzMKKedv5Ea5MlYMT-DAZ2n3zJbGWenUuWKZBo1Q11CyqCyU3atNuIQUQ1VVho4DxOe5hrDv/s1600/WPennLand.JPG" height="320" width="308" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">(Source: Quaker and Special Collections, Haverford College)</td></tr>
</tbody></table>
In 1794, descendants of William, Jr. <warner>, organized The Warner Company of Philadelphia that operated as a large firm dealing in sand, gravel and other construction materials. At some time during that period they acquired deserted land where William Penn's "Pennsbury Manor" once stood. The manor construction </warner><warner>started and opened in 1683 and had since fallen into disrepair and destroyed. After some convincing by local politicians, on Sunday, October 23, 1932, the 250th anniversary of Penn's arrival, a ceremony was held at the site of William Penn's home. Charles Warner, President of the Warner Company, presented the deed for nine and eight tenths acres-the portion of their 5,000 acre property on which the buildings had stood to the Commonwealth of Pennsylvania in a deed to the tract of land on the river north of Philadelphia as a permanent memorial site to the Quaker statesman and benefactor of mankind. Administered by The Pennsylvania Historical Commission who assumed the responsibility for that which then became known as The Pennsbury Memorial as the manor was not yet envisioned. The exact location of the original manor house was on this property was not to be rediscovered for many decades. </warner><br />
<br />
<div class="separator" style="clear: both; text-align: left;">
<warner style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;">Turns out Larry has a pretty good eye, finding a company that has a real connection to our nation’s history for the reasonable price of $32. </warner></div>
<br />
<warner>I am always looking for other companies to research at no cost, so please contact me via email at vintagestocksandbonds@yahoo.com. As closing thought, I would like to thank all of the people responsible for providing this material online and allowing me access, as this blog entry is a compilation of these sources listed above. </warner><br />
<warner><br /></warner>
<warner><br /></warner>Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com1tag:blogger.com,1999:blog-4835548519973654340.post-63168819387432643152015-01-16T22:15:00.000-05:002015-01-16T22:15:29.831-05:00Central New York Peat & Marl Company<!--[if !mso]>
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<br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQk2DAXbTRohJtb-kiXoFozqMdBVOaoAmoSkJIfB9pM1ioT5OnWawNCuyXhIEm9a7GpfUQKR56jRvsHznhxzmnVnqGpjsvDYva0JZP2IX982pbyut3Eu4XC5ZmkUQ1DvCWwneUJi3X4TQZ/s1600/HABarnumuniform.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQk2DAXbTRohJtb-kiXoFozqMdBVOaoAmoSkJIfB9pM1ioT5OnWawNCuyXhIEm9a7GpfUQKR56jRvsHznhxzmnVnqGpjsvDYva0JZP2IX982pbyut3Eu4XC5ZmkUQ1DvCWwneUJi3X4TQZ/s1600/HABarnumuniform.png" height="320" width="220" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"> Henry A. Barnum - Medal of Honor Recipient </td></tr>
</tbody></table>
<br />
In my downtime, I
enjoy reviewing my collection of certificates while sitting in my family room
deciphering signatures and exploring the Internet for details about who the certificate was issued to and who signed it. It should be noted that the collection of famous signatures is referred to as <span class="st"><a href="http://dictionary.reference.com/browse/philography" target="_blank">Philography</a> </span>not <a href="http://dictionary.reference.com/browse/Scripophily?s=t" target="_blank">Scripophily</a>. <br />
<br />
When signatures appear on old stock certificates, it can increase the value and cross interest of the certificate. I find that in my hunt for a great hidden gems, almost famous people including Jay Gould's son, George and Abe Lincoln's son Robert Todd are easily overlooked and available at reasonable prices. My primary mission is focused on the certificate so if I score a decent historical signature in the process than lucky me. <br />
<br />
<br />
I acquired a cache of certificates last
year, many issued to Seldon E. Marvin and his son. What was so interesting is
that many of the certificates were signed by other military leaders from the
Civil War. I assume that many of the Generals and other officers, who went
into business after the war, approached their comrades in arms from their past military time to become partners in new business ventures. <span style="mso-spacerun: yes;"> </span>One certificate is <b>The Central New York Peat
& Marl Company. </b>These post civil war certificates are some of the only instances where multiple Generals sign the same document.<b><br /></b><br />
<br />
The Central New York Peat & Marl Company certificate is issued to Seldon E. Marvin (1835 - 1899), Vice President,
New York War Staff (Major
1861-5 U. S. Volunteers). Marvin had previously served as the Adjutant
of the
112th New York Volunteers and signed by H.A.
Barnum as President and Joseph F. Franklin Esq., Secretary printed by
Francis & Loutrel, 45 Maiden Lane, N.Y. and dated Valentine’s Day
1866. That’s February 14th,
for those guys that still need the Hallmark advertisements to remind
them.<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFrBQKaSVEw6FxOhg0YXXq0hZkGTQd0DPfDI-fQl1zI-R8JhbFruE9fljurap-IG6TXHRIbJlzlkOqAKZ8TZqVUv4-d1iHhS7Mt2WIFj4MmSwOUeDRMZMgIHv3nEYeVFCrSqWTOS_W_d0Z/s1600/CentralNewYorkPeatMarl.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFrBQKaSVEw6FxOhg0YXXq0hZkGTQd0DPfDI-fQl1zI-R8JhbFruE9fljurap-IG6TXHRIbJlzlkOqAKZ8TZqVUv4-d1iHhS7Mt2WIFj4MmSwOUeDRMZMgIHv3nEYeVFCrSqWTOS_W_d0Z/s1600/CentralNewYorkPeatMarl.jpg" height="311" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">The Central New York Peat & Marl Company - 1866</td></tr>
</tbody></table>
<br />
Henry A. Barnum, Brigadier-General,
U.S. Army, recipient of the Medal of Honor, was born September 24, 1833 in Onondaga County, New York. He attended
public schools in Syracuse, and in 1856 became a tutor at the Syracuse Institute.
<span style="mso-spacerun: yes;"> </span>He continued his studies in Law and was
admitted to the New York bar.<br />
<br />
At the outbreak of the Civil War, he worked tirelessly raising troops in
Onondaga county; having just passed the bar exam, Henry Alanson Barnum enlisted
in the Twelfth New York Regiment as a private. Before the end of his first day,
May 13, 1861, he was elected captain of his company. He worked to raise troops which
was one of the earliest regiments organized in New York state. On November 1, 1861
he was promoted to Major, served after that a short time as a member of General
Wadsworth's staff, and then rejoined his regiment and fought in the Peninsular campaign.<br />
<br />
At Malvern Hill he was shot with a
musket ball which passed through his left lower abdomen inflicting a wound from
which he never fully recovered. At the time the injury was typically fatal, and at the Colonel's own request the American flag was wrapped about
his person, his body was abandoned but soon fell into the hands of the enemy. <br />
<br />
A body, supposed to be his, was buried, while at his home a funeral oration
was delivered. He, in fact was taken to Libby prison, remaining there until July 18,
1862 released in a prisoner exchange. Two years later, an infection set in, under the care of his personal physician, Dr. March, General Barnum
survived. Dr. March took a unique approach to
prevent the infection from spreading. He passed an oakum cord through the bullet wound to
keep it open so the infection could drain. Over the years, General Barnum kept
the cord in place himself, while gradually reducing its size to a finer thread.
He continued his war service, never allowing the wound to close using the cord to keep it open.<br />
<br />
<br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUvxVdo9gd1d8P90aq6O42i3o47jpnzR8ZNBaIgUzLYNSKS5Ir0-lEfUdNbAuWZ46RU62lEaLv0fhENyToQGiKC7zzcEbcbcvlDs7AjejF-Ja7kfOaeGEl1ooXh0ZBo8wUZGGBq-ZDYqor/s1600/habarnumgunPensionFile.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUvxVdo9gd1d8P90aq6O42i3o47jpnzR8ZNBaIgUzLYNSKS5Ir0-lEfUdNbAuWZ46RU62lEaLv0fhENyToQGiKC7zzcEbcbcvlDs7AjejF-Ja7kfOaeGEl1ooXh0ZBo8wUZGGBq-ZDYqor/s1600/habarnumgunPensionFile.jpg" height="400" width="217" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Henry A. Barnum - Pension File </td><td class="tr-caption" style="text-align: center;"></td><td class="tr-caption" style="text-align: center;"></td></tr>
</tbody></table>
After a six months' leave of absence, Barnum returned to the war as a Colonel,
leading his regiment at Gettysburg, and at Lookout Mountain, where he was wounded
again earning a flesh wound in his right forearm. At that same battle, his command
took 5 of the eleven flags and was asked to convey all the captured flags to
Washington, with permission to display them at the great Sanitary fair at
Cincinnati, at Syracuse, and before the Legislature of the State of New York
and to deliver them to Washington for deposit in the War department. As a
result of that action, he was nominated for the Medal of Honor, which was
finally presented to him in July 1889.<br />
<br />
He was again wounded in the Atlanta campaign, being again wounded by a
fragment of a shell in the right breast, at the battle of Peach Tree Creek,
before Atlanta, July 20th, 1864. While in command of a brigade in Sherman's
march to the sea, Barnum had the distinction of being the first officer to enter
Savannah Georgia. He commanded his brigade in the great review at the close of
the war, in Washington. On March 13, 1865, he was brevetted a Major-General of volunteers, and soon promoted to a full Brigadier General on May 31st of that same year. <br />
<br />
The
following January he resigned, having declined a colonelcy in the regular army,
and became inspector of prisons in New York and President of The Central New
York Peat & Marl Company. Henry Barnum caught
a severe cold at an Old Guard Ball and developed into pneumonia and died on January 29, 1892.<br />
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Now it's time to take a longer look at those older or even newer certificates as there might be a great story found buried in an old signature. </div>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<br />
Sources:</div>
<div class="MsoNormal">
1 Prospectus The Central New York Peat & Merl Company - PRINTED BY SUMMERS & BRO., 22 EAST RAILROAD STREET - 1866 </div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in;">
2 <a href="http://civilwardata.com/">http://civilwardata.com</a></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in;">
3 From Civil
War Curiosities, by Webb Garrison; 1994: Henry A. Barnum</div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in;">
4 Appleton's
Cyclopedia of American Biography, edited by James Grant Wilson and John Fiske.
Six volumes, New York: D. Appleton and Company, 1887-1889 & edited Stanley
L. Klos, 1999 Estoric.com:</div>
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Cite"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Code"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Definition"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Keyboard"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Preformatted"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Sample"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal Table"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" Priority="39" Name="Table Grid"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
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<w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" QFormat="true"
Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" QFormat="true"
Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"/>
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<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"/>
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<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" QFormat="true"
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<w:LsdException Locked="false" Priority="21" QFormat="true"
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<w:LsdException Locked="false" Priority="31" QFormat="true"
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<w:LsdException Locked="false" Priority="32" QFormat="true"
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<w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" SemiHidden="true"
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<w:LsdException Locked="false" Priority="39" SemiHidden="true"
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<w:LsdException Locked="false" Priority="41" Name="Plain Table 1"/>
<w:LsdException Locked="false" Priority="42" Name="Plain Table 2"/>
<w:LsdException Locked="false" Priority="43" Name="Plain Table 3"/>
<w:LsdException Locked="false" Priority="44" Name="Plain Table 4"/>
<w:LsdException Locked="false" Priority="45" Name="Plain Table 5"/>
<w:LsdException Locked="false" Priority="40" Name="Grid Table Light"/>
<w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
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<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
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<w:LsdException Locked="false" Priority="52"
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<w:LsdException Locked="false" Priority="46"
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<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
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<w:LsdException Locked="false" Priority="52"
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<w:LsdException Locked="false" Priority="46"
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<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
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<w:LsdException Locked="false" Priority="52"
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<w:LsdException Locked="false" Priority="46"
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<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
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<w:LsdException Locked="false" Priority="46"
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<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
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<w:LsdException Locked="false" Priority="52"
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<w:LsdException Locked="false" Priority="46"
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<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
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<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
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<w:LsdException Locked="false" Priority="52"
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<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 4"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 4"/>
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<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
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<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 5"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 6"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 6"/>
</w:LatentStyles>
</xml><![endif]--><!--[if gte mso 10]>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:"Calibri","sans-serif";
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;}
</style>
<![endif]--><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1029"/>
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1"/>
</o:shapelayout></xml><![endif]--><br />Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com3tag:blogger.com,1999:blog-4835548519973654340.post-53494688605034222932015-01-04T12:04:00.003-05:002015-01-11T08:54:48.085-05:00NATIONAL STOCK CERTIFICATE & BOND SHOW 2015NATIONAL STOCK CERTIFICATE & BOND SHOW is Friday, January 23th from 9am - 6pm and Saturday, 24th, 2015 from 9am - 4pm. Plan on attending. Check out Bob's website for directions and details: <a href="http://www.rsschell.com/" rel="nofollow" target="_blank">www.rsschell.com</a><br />
<br />
Bring the family and enjoy a fun day. While you are there, learn about collecting old Stocks and Bonds from the experts from around the globe. These incredible certificates can be purchased at all price levels starting at just a few dollars.<br />
<br />
Displayed below is an adaptation of my recent article published in a recent Scripophily, The Journal of the International Bond & Share Society. This is why I collect, history is fascinating.<br />
<b></b><br />
<b>The Long Distance Telephone Co.</b> <br />
<br />
As collectors mature in the hobby, including Scripophily, we tend to start to recognize deals and bargains vs. common material that is always for sale at the same price. So personally I have started looking for places to buy and sell materials in places other than Ebay. Not that it is not a great marketplace to buy and sell but it occurred to me that we are all buying and selling from/to the same audience.<br />
<br />
I started looking at other places on the internet and during one of my online excursions, found an established collector that decided to call it quits after many years of buying quality items. His eye for the special certificate was obvious. So I started an online conversation with "Bert"* and after several months he revealed a secret, that I will share here. Turns out his name is not Bert at all and that he uses that name in communications until he can trust that the person on the other end of the conversation is who they claim to be. Sheer brilliance. I purchased several pieces, one was a stock certificate from the Insurance Company of Columbia South Carolina issued in 1837, the same year as the fire destroyed two thirds of the city of Charleston South Carolina. That amazing architecture that has become such a tourist attraction was the created during the rebuilding of the city. <br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjamiszIVw5UmGuofBpqV2SlBeNujdDR6YBtHHgybhna0ZzXIxeyLp3RDsf2IljgoR3XEt3AKE-fgjWdrtjyL4ETxXzjG6MsYF_1WIfFOVwFEQhP6j4TB0jBpcyft_w_WlU9gvI4tnmlu_/s1600/InsuranceColumbia.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjamiszIVw5UmGuofBpqV2SlBeNujdDR6YBtHHgybhna0ZzXIxeyLp3RDsf2IljgoR3XEt3AKE-fgjWdrtjyL4ETxXzjG6MsYF_1WIfFOVwFEQhP6j4TB0jBpcyft_w_WlU9gvI4tnmlu_/s1600/InsuranceColumbia.JPG" height="370" width="400" /></a></div>
<br />
<br />
After a few more back-and-fourths, we agreed on terms to acquire the balance of the collection. It was arranged to meet half-way between our homes and after a few minutes on Google maps was able to find an antique center nearly at the mid-point that I had not visited before. I put the collection aside focusing on my full-time job and it was several weeks later I discovered another certificate of historical interest buried in the pile of certificates. <br />
<br />
The Long Distance Telephone Co. was issued in New York during August of 1885. What made it interesting was that AT&T, then referred to as the Bell System had just incorporated in New York a few months earlier.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjj2WmmvAUDZ_UDYRQzlkPCIUTpumGRaL3z3fnc-kT1fnDdOrAwvv_fylG7qF-PtyMNRPjgosG5IpyfDSGJhgL7rhyTv0MH0egXqhIXWg20o9HsawaePk6CuR1Lg2cLpVW5EGeZv_bS7auQ/s1600/LongDistanceTelephone.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjj2WmmvAUDZ_UDYRQzlkPCIUTpumGRaL3z3fnc-kT1fnDdOrAwvv_fylG7qF-PtyMNRPjgosG5IpyfDSGJhgL7rhyTv0MH0egXqhIXWg20o9HsawaePk6CuR1Lg2cLpVW5EGeZv_bS7auQ/s1600/LongDistanceTelephone.jpg" height="275" width="400" /></a></div>
<br />
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30128">
Was this the first long distance company of AT&T? </div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30146">
</div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30126">
I
started my research in earnest and found a few veiled references to the
company being affiliated with AT&T, my excitement growing. In the
beginning the corporate structure of the Bell System was quite complex based on the incorporation rules of the day. I
hit a dead-end on my research and contacted our friend, Max Hensley to
ask if this certificate had ever been sold before.</div>
<div class="yiv0776160446" id="yiv0776160446yqtfd65932">
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30193">
</div>
</div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30149">
<div class="yiv0776160446" id="yiv0776160446yqtfd39523">
"...<span class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30151">found only one sale of a
co. with the same name (NY co 1887), Smythe200:5927 for $121 incl.
premium. No pic and no real description in the catalog, altogether a
too-often occurrence."</span></div>
</div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30156">
Thanks Max, my search continued... </div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30160">
Max closed his message with an idea of checking the AT&T website and
after a review of the history section on the AT&T website: <a class="yiv0776160446" href="http://www.corp.att.com/history/" rel="nofollow" shape="rect" target="_blank">http://www.corp.att.com/history/</a>, I had
another thought and contacted the person listed as public relations
explaining my struggle of tying the two companies together. In just two
days I was contacted by William "Bill" Caughlin - Corporate Archivist -
Manager of the AT&T Archives and History Center.<b class="yiv0776160446"><span class="yiv0776160446" style="font-size: 9pt;"></span></b><span class="yiv0776160446" style="font-size: 9pt;"><br class="yiv0776160446" clear="none" /></span></div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30162">
</div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30164">
Bills'
Initial response, in part: "American Telephone and Telegraph Company’s
(AT&T Co.) certificate of incorporation was filed with the New York
State Department, on March 3, 1885. Formed as a subsidiary of its
parent holding company, American Bell Telephone Company (of Boston),
AT&T Co. was originally nicknamed “The Long Distance Company” and
charged with building a network to interconnect the far-flung local
exchanges of the early Bell Telephone System. Later, on December 30,
1899, AT&T Co. acquired the assets of its former parent and became
the new owner of the Bell System. <br />
<br />
... Early on it was called
the Long Distance Lines Department, when headquarters staffs were
consolidated in New York City in 1907. Because of strict incorporation
laws, the Long Lines properties were often owned by separate
corporations in many states, and these legal entities were ultimately
owned by AT&T Co. I would bet your certificate represents the New
York State firm. "</div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30166">
<br /></div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30195">
As you can only imagine, my excitement continued to grow unabated. I might have something.</div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30168">
<br /></div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30197">
I received a follow-up email message from Bill the very next day.</div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30170">
<br /></div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30170">
"The Long Distance Telephone Company was not a subsidiary of AT&T Co., but rather a short-lived competitor. I first consulted a number of classic secondary works on the early telephone industry, and none mentioned the company. I then examined early American Bell Telephone Company annuals reports. According to the 1886 report, American Bell filed suit and received a decree against “the Long Distance Telephone Co. ... in New York.”<br />
<br />
Furthermore, I found corroborating information in a final report written by a patent attorney to the president of American Bell, dated Dec. 21, 1895. Nearly 600 suits were filed against infringers of the Bell patents, over the course of 15 years. The following is the pertinent excerpt:</div>
<div class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30172" style="background-color: transparent; color: black; font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 18.66px; font-style: normal;">
<b class="yiv0776160446" id="yui_3_16_0_1_1403627513912_30174"><br class="yiv0776160446" clear="none" />Long Distance Telephone Co. So. Dist. of New York. <br class="yiv0776160446" clear="none" /><br class="yiv0776160446" clear="none" />Final
decree June 12, 1889, for one dollar damages and for costs. The costs
would amount to perhaps $250, and in 1894 the question of collecting
them was considered; but as several of the defendants were in the New
York city government, it did not seem worth while [sic] to agitate the
matter. </b></div>
<div class="yiv0776160446">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBe-wOl2lAmHKc7BHe-rd9rHk1sMNEMuZJUN4cQxhNpHvMyT4qSd3Kv6ngjO2tZJShtErIJXvuc8m2RaXAmezN-xjljs12mOvN0agZVyEIxoeT6kW6M0iKgcEfB6DDGI_33wnPFWv8E3_R/s1600/ATTORG.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBe-wOl2lAmHKc7BHe-rd9rHk1sMNEMuZJUN4cQxhNpHvMyT4qSd3Kv6ngjO2tZJShtErIJXvuc8m2RaXAmezN-xjljs12mOvN0agZVyEIxoeT6kW6M0iKgcEfB6DDGI_33wnPFWv8E3_R/s1600/ATTORG.png" height="356" width="640" /></a><br />
<br />
So
the mystery of The Long Distance Telephone Co. is solved thanks to the
work of William D. Caughlin "Bill", Corporate Archivist. At my request,
Bill provided me with more information about his role and the use of the
Archives of AT&T for Scholarly use.</div>
<div class="yiv0776160446">
</div>
<div class="yiv0776160446">
AT&T
Archives and History Center is tasked with preserving rare and
irreplaceable materials while documenting the rich history of AT&T. <br />
<br />
Seems
they have two goals, one is to help support AT&T business and
marketing requests and two, provide information for scholarly research,
like my request for information about the Long Distance Telephone Co.
Within the archives are documents dating from 1869 to the present
forming a Corporate memory all accessible from the History Center.
Imagine the effort required to manage the volume of documents and
artifacts. It
should be noted that this type of service is expensive to maintain and
demonstrates AT&T's community commitment to history and their place
in it. </div>
<br />
AT&T's
historical archives are represented in over 45,000 cubic feet of
documents, books, periodicals, photographs, moving images, sound
recordings and microforms, as well as approximately 15,000 artifacts. <br />
<br />
The
collection is stored in two locations, one in San Antonio, TX,
centered on the holding companies and their predecessors and
subsidiaries, which primarily trace the evolution of local landline and
wireless phone service in 22 states (1878-present)., and The Warren, NJ
location, holdings that comprise records of the legacy of AT&T Corp.
and its predecessors going back to the original Bell Telephone Co. in
1877. <br />
<br />
I would like to publicly thank Bill for his
insight and prompt response to my research request. Speaking to THE
EXPERT on the subject of AT&T and the development of the Telcom
industry was pretty cool. Bill can be reached via email on
william.d.caughlin@att.com or on LinkedIn. <span class="yiv0776160446" style="font-size: 9pt;"></span><a class="yiv0776160446" href="mailto:william.d.caughlin@att.com" rel="nofollow" shape="rect" target="_blank"><span class="yiv0776160446" style="font-size: 9pt;"></span></a><span class="yiv0776160446" style="font-size: 11pt;"></span>You
can find more information about the Online Historical Resources.
Requests from outside researchers are handled on a case-by-case basis,
and include historians of science and business, documentary filmmakers,
museum curators, and authors and publishers.<br />
<div class="yiv0776160446">
<br />
To
learn more about AT&T’s past and to view interesting films and
photographs from the collection, I highly recommend a visit to the URLs
listed below if you possess any telephone related certificates.<br />
<span class="yiv0776160446"><br class="yiv0776160446" clear="none" /></span>AT&T History: <a class="yiv0776160446" href="http://www.corp.att.com/history/" rel="nofollow" shape="rect" target="_blank">http://www.corp.att.com/history/</a><br />
AT&T Archives Historical Films: <span class="yiv0776160446" style="font-size: 10pt;"></span><a class="yiv0776160446" href="http://techchannel.att.com/showpage.cfm?ATT-Archives" rel="nofollow" shape="rect" target="_blank">http://techchannel.att.com/showpage.cfm?ATT-Archives</a><br />
<br />
Although
this certificate is not part of the AT&T network it does represent
an early telephone company attempt and earned a prominent place in my
personal collection. I
am now looking for an AT&T certificate from one of the many state
formed long distance companies dated between 1880s- and early 1900's. </div>
<br />
* specific names have been omitted to protect "Bert's" identity. Gotcha covered... Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com3tag:blogger.com,1999:blog-4835548519973654340.post-30372774717878851282013-08-01T15:08:00.002-04:002013-08-11T21:54:23.494-04:00The Soldiers' Business Messenger and Dispatch Co. Creating luck.As part of my ongoing quest for the next amazing Scripophily gem, I have started considering where material of interest might be in larger concentrations. My home is in New Jersey and from here I have spent hundreds of hours crawling around every antique center in at least a 200 mile radius. Sure, there might be a few towns I overlooked but for the most part, I pretty much covered it. I have found that the inventories of these places does not turn-over at any frequent basis so repeat visits rarely yield a significant return. The only exception to this rule is when I re-discover a certificate and find it is not ready to be added to my collection. So I make a note where I found it and return when I feel it's a better fit. So far, it appears that the North East has a rich history of manufacturing and company headquarters along with a major financial center. I have not yet traveled west of the Mississippi searching for more items but hope to get there someday. My trips to the south as far as South Carolina have not uncovered any items of historical interest. It seems any significant family papers that make it to market are swarmed by historians looking for famous people in history. <br />
<br />
<b>Medal of Honor Recipient </b><br />
<b>Major-General Alexander Shaler</b><br />
<a href="http://upload.wikimedia.org/wikipedia/commons/7/7b/Alexander_Shaler_seated.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="http://upload.wikimedia.org/wikipedia/commons/7/7b/Alexander_Shaler_seated.jpg" border="0" class="shrinkToFit decoded" height="320" src="http://upload.wikimedia.org/wikipedia/commons/7/7b/Alexander_Shaler_seated.jpg" width="220" /></a>How can I create more "luck" finding those rare, I mean really rare, certificates? I have proven that sweat and determination are two key characteristics necessary to uncover hidden treasures. I heard a funny comment earlier this week, that if you skip a flea market that you usually attend on any given Sunday, that will be the day that a real gem will be available and you'll miss it. Last Sunday I was debating with myself and decided after a few minutes to roll out of bed early to get to the flea market. Words cannot express how glad I am that I decided to travel the 45 minutes on a clear sunny day. I was strolling though the isles and was told by one of the vendors about another table with stock certificates. What I found had the combination of age, beauty, condition and relevance for truly desirable certificates. One gem caught my attention. <br />
<br />
The Soldiers' Business Messenger and Dispatch Company certificate is dated 1868 issued and not cancelled signed by Medal of Honor Recipient Major-General Alexander Shaler, President and Secretary Col. S. Truesdell and Treasurer Brigadier General J. Henry Liebenau. The condition is extra fine with a revenue stamp tied in the lower right corner dated March 7, 1868. I have not seen one of these certificates before and am interested to hear from anyone with more information about the company beyond the basic material found on the Internet. <br />
<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnZXZCCCayL0dB21udERUFuPR1CVZjITZonMtHLHT__JzRgYTWeVqnNMAVeFkaUfe8EuNPU2MAH2ZiVUDB6mscreKSoQSjnAPLbLJySwi20ckaU1JhVE3D8fiK2J1l8NopZS1KF68b3oOi/s1600/SoldiersBusinessMessengerandDispatchCo.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="231" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnZXZCCCayL0dB21udERUFuPR1CVZjITZonMtHLHT__JzRgYTWeVqnNMAVeFkaUfe8EuNPU2MAH2ZiVUDB6mscreKSoQSjnAPLbLJySwi20ckaU1JhVE3D8fiK2J1l8NopZS1KF68b3oOi/s400/SoldiersBusinessMessengerandDispatchCo.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">The Soldiers' Business Messenger and Dispatch Company Issued 1868</td></tr>
</tbody></table>
<br />
The Soldiers' Business Messenger and Dispatch Company was created on April 15, 1867 as a way to provide gainful employment for maimed veterans that lived in New York and the orphan boys of soldiers that either died or were injured after while serving in the volunteer army of the United States. These soldiers were able to receive and deliver packages, bundles, property, and messages by sealed envelopes and magnetic telegraph within the territory known as the Metropolitan Police District made up of New York counties Kings, Westchester and Richmond headquartered at 2 Park-place. Messengers were paid $35 per month.<br />
<br />
Basic costs for the messenger service; <br />
<br />
10 blocks .10c<br />
15 blocks .12c<br />
20 blocks .15c<br />
25 blocks .17c<br />
30 blocks .20c<br />
35 blocks .22c<br />
40 blocks .24c<br />
45-140 blocks .25c<br />
<br />
Additional fees were charged for excessive weight and ferry crossings.<br />
The executives of the company and the board of directors were very prominent military officers. <br />
<br />
<b>Officers and Directors </b><br />
Major-General Alexander Shaler - President (Medal of Honor) <br />
Major-General Henry A. Barnum - Vice-President (Medal of Honor) <br />
Brigadier General J. Henry Liebenau - Treasurer <br />
Brigadier General P. H. Jones - Secretary (Future Postmaster of New York) replaced by<br />
Colonel Samuel Truesdell <br />
<b><br /></b>
<b>Board of Directors</b><br />
General Alexander Shaler<br />
General C. W. Darling<br />
General P. H. Jones<br />
Colonel E. A. Ludwick<br />
General J. E. Hamblin<br />
Colonel J. Henry Liebenau<br />
General Henry A. Barnum<br />
General G. S. Batcheller<br />
General C. H. Young <br />
<br />
The company planned on placing a total of 800 booths between Brooklyn starting with 300 in
New York City except on Broadway. Each booth was used for advertising
and as a shop for newspapers, stationary, magazines and cutlery. Booths were maned by a maimed soldier in charge given the rank of Corporal
as they were unable to handle the typical messenger tasks. Corporals that manned
the booth were able to keep the profit from their sales and if it the
profit did not meet the $35, the difference was made up by the company.
Salaries varied after the organization got off the ground. Special
wagons were used on the railroad at regular intervals to carry heavy
packages and groceries. Capital was also identified to lay telegraph
lines and agreements were made with a telegraph company to use their
poles throughout the city. <br />
<br />
For full disclosure, in addition to the certificate above, I also found that day, two New York coal companies, a Gas Light company from 1865, 1868 and 1869 and an Atlantic and Great Western Railroad stock (ALT-536b-S30) in excellent condition from 1862. Yes, it was one heck of a day!Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com3tag:blogger.com,1999:blog-4835548519973654340.post-10735683710985738572013-03-06T22:14:00.000-05:002017-08-17T13:25:51.092-04:00A Brief Look at the History of Corporations in America<div abp="1975" class="MsoNormal">
<div abp="1976" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;">
<div abp="1977">
<img abp="1978" alt="History of Corporations in US" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdocCM2qxrtB6WgT9LyWzHiQW_cs-4T8Wu5b2_RmTBWjGB0oH31iSqqcnOigMBPg1rlP5WZiUeUYl0NgE8UfX1Z2gUA3F8MGmbY_KSbOaydDnOHBC1rj_ryHD0g7NBGNV1HRQbPDqerUny/s1600/corps.jpg" title="" /> </div>
</div>
<div abp="1979">
Where do you prefer to get your News? Me, I get my information from Yahoo home page and occasionally John Stewart's Daily Show. I figure if it gets mentioned there, it must be newsworthy. I even have friends that read a daily newspaper, can you believe it? Yes George G. I'm calling you out. No matter where you look, current events are littered with news about corporations lifting their veil of secrecy and revealing malfeasance, from the office of the CEO and disenfranchised Board of Directors to the unsupervised staff with the ability to lose billions of other people's money. </div>
<div abp="1980">
<br /></div>
<div abp="1981">
Corporations have been in existence for centuries starting from very
humble beginnings. Religious orders and governments were the first to incorporate like the Benedictine Order of the Catholic Church, founded circa 529 AD identified as the oldest surviving corporation referenced by Bruce Brown in his book <i abp="1982">The History of the Corporation, Volume 1</i>. Another thousand year continuously operated business was the Japanese temple construction company, Kongo Gumi, established in 578 AD that shut down in 2009 after a run of over 14 centuries. Image the CEO's decision knowing that he was responsible for the liquidation of that kind of dynasty. His parents must be proud but I guess building temples is a talent gone the way of the cooper. Kongo Gumi illustrates the primary need solved by incorporation. </div>
<div abp="1983">
<br /></div>
<div abp="1984" style="text-align: center;">
<div abp="1985">
<span abp="1986" style="background-color: white; color: blue; font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><i abp="1987">Corporations were created as a means to outlive individual members of an organization.</i></span></div>
</div>
<div abp="1988" class="MsoNormal">
<div abp="1989">
<br /></div>
</div>
<div abp="1990" class="MsoNormal">
<div abp="1991">
While searching for a better understanding of the origins of corporations in America, I learned that as are typical with cycles, it appears the maturity of the large corporation has past its pinnacle of effectiveness and is in decline, being replaced by smaller agile disruptive businesses run by innovators. I hope you enjoy reading this as
much as I enjoyed writing it. For more information please visit my long list of
sources at the bottom of this blog entry.</div>
</div>
<div abp="1992">
<br /></div>
<div abp="1993">
For background, prior to the 1600s in European corporations were established for the public good and violation to the charters was punishable by law. In England a review by Parliament uncovered in 1721 systemic fraud perpetrated by the Directors of the South Sea Company.</div>
<table abp="1994" cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; text-align: right;"><tbody abp="1995">
<tr abp="1996"><td abp="1997" style="text-align: center;"><div abp="1998">
<a abp="1999" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2_li5YyhV7bjtFbrzBIJX80ApJaR4FlYgZCaRn4o_NlxWISQAKt1Q1l-7drEHKsavumRrOzcN5Qgm0GE7-_n_ciAPDs5ivSGdpbLeakQnhZwSSIJifHHyNbrH3l-rUOLpdOcvxCsrIQtp/s1600/SSC.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img abp="2000" alt="South Sea Company" border="0" height="187" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2_li5YyhV7bjtFbrzBIJX80ApJaR4FlYgZCaRn4o_NlxWISQAKt1Q1l-7drEHKsavumRrOzcN5Qgm0GE7-_n_ciAPDs5ivSGdpbLeakQnhZwSSIJifHHyNbrH3l-rUOLpdOcvxCsrIQtp/s320/SSC.JPG" title="South Sea Company" width="320" /></a></div>
</td></tr>
<tr abp="2001"><td abp="2002" class="tr-caption" style="text-align: center;"><div abp="2003">
<span abp="2004" style="font-size: x-small;">South Sea Company - 1721</span></div>
<div abp="2005">
<a abp="2006" href="http://www.tschoepe.de/auktion47/auktion47_england.htm"><span abp="2007" style="font-size: xx-small;">http://www.tschoepe.de/auktion47/auktion47_england.htm</span></a></div>
</td></tr>
</tbody></table>
<div abp="2008">
Parliament confiscated the estates of the Directors and used the proceeds as a payout to the victims. Also during the1600s the first notion of a For Profit
company appeared as a way to build the economic power within Europe and
finance colonial expansion. At its origin, people who wanted to create a company had to have at least three people working together to form a corporation. A single person corporation was not even envisioned by the early lawmakers as liability remained with the managers of the corporation.</div>
<div abp="2009">
</div>
</div>
<div abp="2010" class="MsoNormal">
<div abp="2011">
Many safeguards were established intended to keep control over the influence of companies when corporations were reinvented in the United States after our independence was won. How much tea can you throw into the Boston harbor anyway? Initially, the privilege of incorporation within the United States was granted by a vote from the State Legislators. In 1811, New York was the first state to sign a bill into law creating the first Corporate statute allowing some form of Limited Liability Corporations thereby reducing the risk to the individuals responsible for the actions of the corporation. Eastern states battled for years to be considered the friendliest state to establish or move businesses to their states hoping to claim a larger proportion of the exploding commerce brought about by the expansion of the railroads and commerce. These early company regulations were so restrictive that industry tycoons like Andrew Carnegie created his Steel Company using a Limited Partnership and John D. Rockefeller structured Standard Oil as a Corporate Trust.</div>
<div abp="2012">
<br /></div>
<div abp="2013">
During the early days, corporations were designed in silos and operated as a individual entities. Directorates were not permitted to participate on multiple boards which is common practice in today's chase for personal notoriety and a few dollars. As reported by 247wallst.com relying on a special screen generated by GMI Ratings, in 2011, the top 10 companies paid directors an average annual stipend in excess of $500,000. I imagine they also receive some pretty good travel and entertainment perks. </div>
<div abp="2014">
<br /></div>
<div abp="2015">
Jane Anne Morris is a corporate anthropologist and creator of the Democracy Theme Park <a abp="2016" href="http://democracythemepark.org/">http://democracythemepark.org/</a>. Her research into the history of the Wisconsin legislator found the following provisions:<span abp="2017" style="font-size: xx-small;">1</span></div>
</div>
<ul abp="2018">
<li abp="2019">Corporations were required to have a <b abp="2020">clear purpose</b>, to be fulfilled but not exceeded. </li>
<li abp="2021"><span abp="2022" style="font-family: "symbol";"><span abp="2023" style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"></span></span>The state legislature could revoke a corporation’s charter if it <b abp="2024">misbehaved</b>.</li>
<li abp="2025">Corporations’ licenses to do business were <b abp="2026">revocable </b>by the state legislature if they exceeded or did not fulfill their charter.</li>
<li abp="2027">The act of incorporation did not relieve corporate management or stockholders/owners of responsibility or<b abp="2028"> liability for corporate acts</b>.</li>
<li abp="2029"><span abp="2030" style="font-family: "symbol";"><span abp="2031" style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"></span></span>State (not federal) courts heard cases where corporations or their agents were accused of breaking the law or <b abp="2032">harming the public</b>.</li>
<li abp="2033"><span abp="2034" style="font-family: "symbol";"><span abp="2035" style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"></span></span><b abp="2036">Directors</b> of the corporation were required to come from among stockholders.</li>
<li abp="2037"><span abp="2038" style="font-family: "symbol";"><span abp="2039" style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"></span></span>Corporations had to have their <b abp="2040">headquarters</b> and meetings in the state where their principal <b abp="2041">place of business was located</b>.</li>
<li abp="2042"><span abp="2043" style="font-family: "symbol";"><span abp="2044" style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"></span></span>Corporation charters were granted for a <b abp="2045">specific period of time</b>, such as twenty or thirty years.</li>
<li abp="2046"><span abp="2047" style="font-family: "symbol";"><span abp="2048" style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"></span></span>Corporations were <b abp="2049">prohibited from owning stock in other corporations</b>, to prevent them from extending their power inappropriately.</li>
<li abp="2050"><span abp="2051" style="font-family: "symbol";"><span abp="2052" style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"></span></span>Corporations’ <b abp="2053">real estate holdings were limited</b> to what was necessary to carry out their specific purpose(s).</li>
<li abp="2054"><span abp="2055" style="font-family: "symbol";"><span abp="2056" style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"></span></span>Corporations were <b abp="2057">prohibited from making any political contributions</b>, direct or indirect.</li>
<li abp="2058"><span abp="2059" style="font-family: "symbol";"><span abp="2060" style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"></span></span>Corporations were <b abp="2061">prohibited from making</b> <b abp="2062">charitable donations</b> outside of their specific purposes.</li>
<li abp="2063"><span abp="2064" style="font-family: "symbol";"><span abp="2065" style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"></span></span>State legislatures could <b abp="2066">set the rates</b> that some <b abp="2067">monopoly</b> corporations could charge for their products or services.</li>
<li abp="2068"><span abp="2069" style="font-family: "symbol";"><span abp="2070" style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"></span></span>All corporation<b abp="2071"> records and documents were open</b> to the legislature or the state attorney general.</li>
</ul>
<div abp="2072" class="MsoNormal">
<div abp="2073">
As an example of governmental control, in 1832, President Andrew Jackson refused to extend the charter of the Second Bank of the United States and the State of Pennsylvania revoked 10 banks’ charters. In 1819 in Trustees of Dartmouth College v. Woodward the U.S. the state attempted to remove the school's corporate status and failed. Supreme Court ruled in Dartmouth College's favor and upheld a contract issued by King George III in advance of the creation of the state. At its core, the decision was based on the fact that the contract did not allow for a termination by the state legislator. Citizen's in many states responded quickly viewing the verdict as an attack on state sovereignty. New laws were created or existing laws enhanced amending state constitutions allowing states to circumvent the (Dartmouth College v Woodward) ruling. By 1844, 19 states passed amendments making corporate charters subject to the whim of the state legislators.</div>
</div>
<div abp="2074" class="MsoNormal">
<div abp="2075">
</div>
</div>
<div abp="2076" class="MsoNormal">
<div abp="2077">
Over time, companies gathered greater resources and began chipping away at the restrictive statutes placed on them at the creation of their charter. Back across the pond, an 1844, British law allowed companies to define their own reason for existence. Eleven years later, managers within corporations were awarded material limited liability from their corporate actions. From that date, personal property owned by company executives were protected from the consequences of their corporate behavior. Back in America, the turning point was the Civil War. This was a time where companies could exert significant influence in the political process as the Union was in desperate need of goods and services. Laws restricting trade with the confederacy were ignored if it helped with the war effort. Wm. Seligman & Co. and J. Seligman & Co. had many Union contracts producing uniforms, chevrons, and shoulder boards to designate rank. Seligman had existing relationships with cotton producers in the south that supplied raw cotton for their Dry Goods store, J. & H. Seligman. After the war broke out, Seligman continued with those relationships engaged in very risky arrangements and successfully delivered on the government contracts generating proceeds of $1,437,483.61 between August 1861 and July 1862.<span abp="2078" style="font-size: xx-small;">6 <span abp="2079" style="font-size: small;">Abraham Lincoln wrote,</span></span> </div>
</div>
<blockquote abp="2080" class="tr_bq">
<table abp="2081" align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody abp="2082">
<tr abp="2083"><td abp="2084" style="text-align: center;"><div abp="2085">
<a abp="2086" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaYIWy59QaHoBmdcHEereZBy4DS7B82NbS8XiofkSIDo2yuCNmSUH5wXKhfBJH1fivVHJ1Rs4oLXirVUMz2p71zkaIL0kic0ihdD5X4aaYYFOubZ_4OzZxLzFZ36zeOkuTlsaZVSJMjsqV/s1600/lincoln_abraham.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img abp="2087" border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaYIWy59QaHoBmdcHEereZBy4DS7B82NbS8XiofkSIDo2yuCNmSUH5wXKhfBJH1fivVHJ1Rs4oLXirVUMz2p71zkaIL0kic0ihdD5X4aaYYFOubZ_4OzZxLzFZ36zeOkuTlsaZVSJMjsqV/s200/lincoln_abraham.jpg" width="148" /></a></div>
</td></tr>
<tr abp="2088"><td abp="2089" class="tr-caption" style="text-align: center;"><div abp="2090">
Abraham Lincoln</div>
</td></tr>
</tbody></table>
<div abp="2091">
"I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. . . corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed."</div>
</blockquote>
<div abp="2092" class="MsoNormal">
<div abp="2093">
Although debated as a fictitious entry attributed to Abe, research conducted by Rick Crawford, crawford@cs.ucdavis.edu found the full entry in a letter from Lincoln to (Col.) William F. Elkins, Nov. 21, 1864.<span abp="2094" style="font-size: xx-small;">4 </span> </div>
</div>
<div abp="2095" class="MsoNormal">
<div abp="2096">
<br /></div>
<div abp="2097">
The legal case in the United States that set corporations on the path to untouchable status arose out of the 1886 Supreme Court case between Santa Clara County<a abp="2098" href="http://www.blogger.com/" name="55."></a> v. Southern Pacific Railroad. Based on misleading summary notes of a court reporter, the documents from the decision subsequently were used as precedent to hold that a corporation was a "natural person." From there, companies used the newly drafted 14th Amendment enacted to protect the rights of freed slaves as leverage to grant corporations constitutional "person hood".</div>
<div abp="2099">
<br /></div>
<div abp="2100" class="separator" style="clear: both; text-align: center;">
<img abp="2101" border="0" height="92" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHUN3xYCK-dLEP19tkAtIhCErWRKC4CF3PoSqyT0AX0GW-_OlttCFRGUVJVMm_0RKRf4H5ZqOrxOqfp4sO12hwIdbI3nmFUqkrm1_lYdINXOVtoJtrdulxhkEXr22VR8FULeqbu48U-yzj/s400/SPRR2.png" width="400" /></div>
<div abp="2102">
Since then, Justices have eliminated hundreds of local, state and federal laws enacted to protect people from corporate harm based on this illegitimate premise. Armed with this new status, corporations increased control over all of the areas that they were once prohibited including free speech, protection from illegal searches and seizures and free from discrimination just like a real person, Geppetto would be proud. This trend continues to this day. A 2013 Montana Legislature HOUSE BILL NO. 486 was introduced by Montana state Rep. Steve Lavin that would give corporations the right to vote in municipal elections. His response "I made a mistake of not paying enough attention to this bill," Lavin said. "It came through with that in there. This kind of surprised me in a way..." To the committee's credit, the bill was tabled shortly after it was submitted and is unlikely to ever become law. This type of political fodder would be comical if not for the careless nature of public concern by our elected officials.<span abp="2103" style="font-size: xx-small;">8</span> </div>
</div>
<div abp="2104" class="MsoNormal">
<div abp="2105">
<br /></div>
<div abp="2106">
Once the camel's nose was under the proverbial tent, other rights and restrictions built into corporate charters continued to erode faster than a Russian Polecat racing down the Ural Mountains the morning of February 15, 2013.</div>
<div abp="2107">
<br /></div>
<div abp="2108">
<a abp="2109" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdJMyJ0NWZuI3r4Olt7amEtPSxNlEiz9MXgXLqALhnLBm30KCbMiJRjQwdXLB6ZWquHXUeATh_UeAd5XIl_YpVGJnqH13hWwQYKiAwzpKjZvwyGq2vN7Wh9Q26bWaeJQts3yyQMqKS_F3F/s1600/PineForestLandImprovement.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img abp="2110" border="0" height="234" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdJMyJ0NWZuI3r4Olt7amEtPSxNlEiz9MXgXLqALhnLBm30KCbMiJRjQwdXLB6ZWquHXUeATh_UeAd5XIl_YpVGJnqH13hWwQYKiAwzpKjZvwyGq2vN7Wh9Q26bWaeJQts3yyQMqKS_F3F/s320/PineForestLandImprovement.jpg" width="320" /></a>New Jersey was the first state, in 1889, to allow one company to own the assets of another. From there, the rules on the books were erased at an even faster rate. New Jersey continued to lead the country in legislation when, in 1896, the “General Revision Act” was passed removing the restrictions on company size and market share, creating perpetual corporate charters, reducing shareholder powers, and allowing any purchase, mergers or acquisition demanded by a company. As if it were a competition, Delaware first got into the game in 1883 and, with indecision from New Jersey, passed the “General Incorporation Law” in 1899 setting the standard for companies to establish their own rules of governance held to this day as the friendliest state to businesses. </div>
</div>
<div abp="2111" class="MsoNormal">
<div abp="2112">
<br /></div>
<div abp="2113">
I found the following paragraph on the web and like the way it describes the events around the errant 1886 legal decision. Excerpted from <i abp="2114"><b abp="2115">Culture Jam: The Uncooling of America</b> (Kalle Lasn, William Morrow/Eaglebrook, 1999) </i> </div>
</div>
<blockquote abp="2116" class="tr_bq">
<div abp="2117" class="MsoNormal">
<div abp="2118">
“This 1886 decision ostensibly gave corporations the same powers as private citizens. But considering their vast financial resources, corporations thereafter actually had far more power than any private citizen. They could defend and exploit their rights and freedoms more vigorously than any individual and therefore they were more free. In a single legal stroke, the whole intent of the American Constitution -- that all citizens have one vote, and exercise an equal voice in public debates -- had been undermined. Sixty years after it was inked, Supreme Court Justice William O. Douglas concluded of Santa Clara that it "could not be supported by history, logic or reason." One of the great legal blunders of the nineteenth century changed the whole idea of democratic government.”<span abp="2119" style="font-size: xx-small;">3</span></div>
</div>
</blockquote>
<div abp="2120" class="MsoNormal">
<div abp="2121">
Except for a temporary reprieve during Roosevelt's New Deal, the United States has since been governed by big business. Post-World War II corporations continued to build on the gains of the past. They evolved into mega global conglomerates exceeding the economical power of many third world countries. Gradually, many of the ideals created by the founding fathers were simply eliminated and soon forgotten. </div>
</div>
<div abp="2122" class="MsoNormal">
<div abp="2123">
<br /></div>
<div abp="2124">
Recent news of rogue trades and Ponzi schemes in the financial services industry have left their mark on the global economy. Again confirming the generally accepted principle that, left unattended, corporations lack basic morality and ethics in the constant search for greater profits answering only to shareholders. These executives are blinded by the idea of a higher stock price as their quest tied to their legacy as business magnates. </div>
<div abp="2125">
<br /></div>
<div abp="2126">
So today there are many different types of corporate structures in the United States. Popular company forms include the C-Corp, S-Corp, Limited Liability Corporation (LLC), Limited Liability Partnership (LLP) and a newly designed Benefit Corporation “B Corp” created in New Jersey in November 2011 and now available in five other states. Although they all serve a specific purpose, perhaps the B Corps are the most interesting. These companies harness the power of business resources to solve social and environmental problems. Perhaps the creation of this type of corporation and Occupy Wall Street activism are positive signs that the old ideas of corporate immunity and single minded profit goals have come full circle as the pendulum of reasonableness has return. </div>
<div abp="2127">
<br /></div>
<div abp="2128">
Contemporary business leaders are beginning to see the benefits of the balanced approach to profits with an eye towards a positive corporate citizenship.</div>
<div abp="2129">
<br /></div>
<div abp="2130">
<a abp="2131" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_YEt91cAPH3KmUzTjJ9B85v41pV4oI7r4peyH2W2s2rceW3frypQBoRV4-RhJJN8e1nB7Thbiu-fWjltn_Eu_1RgIQ7FHmiXOvW63RWg2QgTnpymvG4ZddVyBNBaWxIPtA-pkrjJ2MU2_/s1600/worldcomEnron.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img abp="2132" alt="Enron & Worldcom" border="0" height="239" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_YEt91cAPH3KmUzTjJ9B85v41pV4oI7r4peyH2W2s2rceW3frypQBoRV4-RhJJN8e1nB7Thbiu-fWjltn_Eu_1RgIQ7FHmiXOvW63RWg2QgTnpymvG4ZddVyBNBaWxIPtA-pkrjJ2MU2_/s320/worldcomEnron.png" title="Enron & Worldcom" width="320" /></a>“As corporate citizens of the world, it is our responsibility – our duty – to serve communities where we do business … by helping to improve, for example, the quality of citizens’ education, employment, health care, safety, and overall daily life, plus future prospects,”<span abp="2133" style="font-size: xx-small;">5 </span><span abp="2134" style="font-size: small;">CEO of Starbucks, Howard Schultz </span></div>
<div abp="2135">
<br /></div>
<div abp="2136">
Can the problem of corporations betraying the public trust placing profits ahead of humanity be solved and if so where should society's resources be focused creating the largest impact of change and accountability? </div>
<div abp="2137">
<br /></div>
<div abp="2138">
I humbly suggest that the simple, grass roots efforts akin to Occupy Wall Street do not have the necessary leverage or long term effect necessary to bring about this cataclysmic change. Others suggest the complete removal of PACs and special interest groups used to finance legislation reversing the cycle promoting the good for the few at the cost of the many. An idea of broad based incentive programs placed in the proper hands would level the democratic playing field. I am interested to hear other thoughts how today's capitalism can return to our version invented by early pioneers, industrialist and politicians using corporations to enhance our quality of life in this decade. When I write my blog entries I receive insight and guidance from a number of people. For this perspective on the history of corporations in the United States, I would like to thank my long-time friend, Steven Miyao - CEO and founder of kasina for an alternative point of view and for providing a perfect sounding board. </div>
</div>
<div abp="2139" class="MsoNormal">
<div abp="2140">
<br /></div>
<div abp="2141">
kasina is a trusted advisor to the leaders of the asset management and insurance industries. They are innovators in the distribution of Financial Services products through consulting, research, and benchmarking data. <a abp="2223" href="http://www.kasina.com/">www.kasina.com</a></div>
<div abp="2145">
<br /></div>
<div abp="2146">
My research continues. Check back soon.</div>
<div abp="2147">
<br /></div>
<div abp="2148">
<b abp="2149">Sources:</b></div>
<div abp="2150">
<a abp="2151" href="http://en.wikipedia.org/wiki/Kong%C5%8D_Gumi">http://en.wikipedia.org/wiki/Kong%C5%8D_Gumi</a></div>
<div abp="2152">
<i abp="2153">The History of the Corporation, Volume 1</i> by Bruce Brown</div>
</div>
<div abp="2154" class="MsoNormal">
<div abp="2155">
<a abp="2156" href="http://www.citizenworks.org/corp/dg/s2r1.pdf">http://www.citizenworks.org/corp/dg/s2r1.pdf</a></div>
<div abp="2157">
<a abp="2158" href="http://doge.us/govecon/AShortHistoryCorporations.pdf">http://doge.us/govecon/AShortHistoryCorporations.pdf</a></div>
<div abp="2159">
<a abp="2160" href="http://reclaimdemocracy.org/personhood/hidden_history.html">http://reclaimdemocracy.org/personhood/hidden_history.html</a></div>
<div abp="2161">
<a abp="2162" href="http://data.opi.mt.gov/bills/2013/billhtml/HB0486.htm">http://data.opi.mt.gov/bills/2013/billhtml/HB0486.htm</a> </div>
<div abp="2163">
p. 40 of <i abp="2164">The Lincoln Encyclopedia</i>, by Archer H. Shaw (Macmillan, 1950, NY). That traces the quote's lineage to p. 954 of <i abp="2165">Abraham Lincoln: A New Portrait</i>, (Vol. 2) by Emanuel Hertz (Horace Liveright Inc, 1931, NY).</div>
<div abp="2166" class="MsoNormal">
<div abp="2167">
1. Jane Anne Morris “<i abp="2168">Fixing Corporations: The Legacy of the Founding Parents</i>” at <a abp="2169" href="http://www.populist.com/6.96.Fixing.Corps.html" target="_blank">http://www.populist.com/6.96.Fixing.Corps.html</a>. </div>
</div>
<div abp="2170" class="MsoNormal">
<div abp="2171">
2 .Unequal Protection: <i abp="2172">The Early Role of Corporations in America</i> by: Thom Hartmann, Berrett-Koehler Publishers | Serialized Book </div>
<div abp="2173">
3. <i abp="2174">Excerpted from <b abp="2175">Culture Jam: The Uncooling of America</b> (Kalle Lasn,William Morrow/Eaglebrook, 1999)</i></div>
<div abp="2176">
4. Rick Crawford, crawford@cs.ucdavis.edu letter from Lincoln to (Col.) William F. Elkins, Nov. 21, 1864.</div>
<div abp="2177">
<br /></div>
<div abp="2178">
5. Nicholas Confessore, New York Times - <i abp="2179">Policy-Making Billionaires</i> Published: November 26, 2011 <a abp="2180" href="http://www.nytimes.com/2011/11/27/sunday-review/policy-making-billionaires.html?pagewanted=all" target="_blank">http://www.nytimes.com/2011/11/27/sunday-review/policy-making-billionaires.html?pagewanted=all </a></div>
<div abp="2181">
6. Ross L Muir and Carl J. White, <i abp="2182">Over the Long Term... the Story of J. & W. Seligman & Co.</i> 1964 </div>
<div abp="2183">
7. <a abp="2184" href="http://www.kasina.com/">http://www.kasina.com</a></div>
<div abp="2185">
8. <a abp="2186" href="http://www.huffingtonpost.com/2013/02/25/montana-corporations-vote_n_2761209.html">http://www.huffingtonpost.com/2013/02/25/montana-corporations-vote_n_2761209.html</a></div>
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</div>
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Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com3tag:blogger.com,1999:blog-4835548519973654340.post-48858275319617053872013-02-02T11:15:00.000-05:002013-02-14T21:25:12.973-05:00What's in your Collection?<span style="font-size: large;"><i>If you do not have a<span style="font-size: large;">n <span style="font-size: large;">i</span></span>nventory of bonds and shares<span style="font-size: large;">... </span></i></span><br />
<span style="font-size: large;"><i><span style="font-size: large;">...maybe it's time.</span></i> </span><br />
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It has occurred to me, as perhaps many other collectors that in the distant future someone else will be making decisions about the disposition of your life's work as a collector. Considering the time, money and hours of effort invested, there are several things you can do now while you are still enjoying the view of earth that could save months of confusion and financial loss for people you genuinely care for.<br />
<b><br />So where to begin... Organize!</b><br />
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Take a hard look at the overall condition of your entire collection (not just your favorites) and assess the way you have decided, or maybe not decided, to store the certificates. Remember we are in a "NO JUDGING" zone so be honest with yourself.<br />
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Are your certificates neatly tucked away in black folders with acid free paper with labels based on what is contained in the book stacked neatly on a shelf; or are the materials scattered all over the apartment, and you are running out of places to put your other belongings because your broken down boxes are taking over without rhyme or reason? If you find the second description more like your real life, go out today to the nearest discount store and buy enough storage tubs to hold your entire collection. <br />
<b><br />Now take your time and rediscover your collection.</b><br />
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Start with your most favorite items or just a random box, relax and rediscover your collection and get inspired. Again, take your time, you might be amazed what you find. I was recently reviewing some old ephemera in a beat-up cardboard box I have owned for years and unearthed a fairly rare Scott# RN-C15 printed revenue stamp. After speaking with Robert (Bob) Hohertz, President of The American Revenue Association, an expert in United States One and Two-Cent Revenue Stamped Paper, he believes this to be only the second known used copy ever found. I will undoubtedly find a willing buyer because Printed Revenues are not in my theme of collecting<br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzjPeDM1TQJonAZsq0CcpHbr7MZKEYBF2TuRCh46wkwWMkYM6mkjaYPP4HOK0I3lxdKBXai7u3xg-6zvrMCA6q__uah8AYGh92CTZPxZCVxr8yYu0a7erg17xcNzhPKLOQ1DIp6B82kNWI/s1600/RN-C15+Enhanced.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="160" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzjPeDM1TQJonAZsq0CcpHbr7MZKEYBF2TuRCh46wkwWMkYM6mkjaYPP4HOK0I3lxdKBXai7u3xg-6zvrMCA6q__uah8AYGh92CTZPxZCVxr8yYu0a7erg17xcNzhPKLOQ1DIp6B82kNWI/s400/RN-C15+Enhanced.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">German Hospital & Dispensary of the City of New York 1871 Scott# RN-C15</td></tr>
</tbody></table>
The receipt has an orange stamp with Washington in the center looking left and a very ornate blue vignette of a lady providing a drink
to an eagle with a waving American flag on her right and a ship in the distance to her left. Funny as I have owned this for many years and been through
that box many times and just missed it until now.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgJFSVmCuJJ99F9aX5EcW6Seqkgk6Td4482n92UDXj3m_MMY2zYUhJJ66w1elgMbUD3FrR_8ah6tGuniy2Wu4vVtQfIPSBwGmZ27SU3cqGhfpbMxiJLC4tY-RUl09eJd1j_dq5pQtF45Bc/s1600/RN-C15+Vignette.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgJFSVmCuJJ99F9aX5EcW6Seqkgk6Td4482n92UDXj3m_MMY2zYUhJJ66w1elgMbUD3FrR_8ah6tGuniy2Wu4vVtQfIPSBwGmZ27SU3cqGhfpbMxiJLC4tY-RUl09eJd1j_dq5pQtF45Bc/s320/RN-C15+Vignette.JPG" width="189" /></a></div>
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<b>Create an Inventory. </b><br />
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While perusing the boxes now neatly or not so neatly contained, it is time to start the documentation process intended to create an comprehensive inventory of the contents of your stocks and bonds. This step towards a permanent record of your holdings is by far, the most daunting. A best practice is when you add a new certificate or learn something important about the company is to keep track of when you purchased it, where you found it and how much it cost you. One dealer I spoke with only cares about the price as 5, 10, 20 dollar items for tax purposes. That is not the intent of what I am describing here. It is easiest to start with your favorite or most "valuable" pieces and get a small group added to the inventory compiled the way you like it. For me, I have favorite items from very expensive to just 20 dollars as the catalog value does not alone determine favorites. <br />
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I have created a spreadsheet and included the following information:<br />
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<ul>
<li>Company Name</li>
<li>Certificate Date</li>
<li>Stock or Bond</li>
<li>Purchase Date</li>
<li>Purchase Amount</li>
<li>Purchase Location</li>
<li>Retail Value Low/High</li>
<li>Retail Value Source</li>
<li>Cox Reference Code</li>
<li>Cox Scarcity Code</li>
<li>Image of certificate </li>
<li>Notes</li>
</ul>
I have tried several times to get more fancy and discovered there are
easier ways to move from Excel to a database in the cloud with a very
cheap price per month. Look for my next article about my migration of
the certificate inventory into the Cloud. So now you have the framework
of the inventory, add fields that make sense to you. <br />
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<b>Value the collection.</b><br />
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The next step in the process is to assign a reasonable value to your collection of certificates. Terry Cox has written extensively on this topic <a href="http://www.coxrail.com/Pricing.asp#Strictlysuggestions">http://www.coxrail.com/Pricing.asp#Strictlysuggestions</a> and should be required reading for all levels of collectors because someday you will need to understand the pricing and selling processes or at least know how much to insure the collection with an insurance rider.<br />
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Practically speaking there will be some very big gaps in your memory about how much you paid for some items when they were added to your collection; Not the prize possessions, those you can even remember the circumstances surrounding the events of the acquisition. To determine value where there are not public records with current sales, look for items similar and adjust the value up or down based on desirability and condition. When analyzing current sales, one preferred method is to find high and low values on the Internet and eliminating what Terry Cox refers to as "pricing oddities" which occur when people that have more cash than sense drastically overpay for a certificate that will be for sale again but they would prefer not to wait. Although Terry refers to many variables involved in estimating values, I believe one that does not play a part in the calculation is the amount of time the certificate has been in your possession. The marketplace value it places on the common or even the moderately rare stocks and bonds does not concern itself with the amount of time at rest with you. Perhaps an exception might be items that only make it to the marketplace every 10 or 20 years or so to be considered really rare.<br />
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One last thought regarding catalog pricing is that they are usually outdated and only can provide guidance, and then only if there is a large enough sample to draw a statistically significant sample. <br />
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For the items that have never been sold or have not been sold for over 20 years, price cannot reasonably be assigned, as buyers have not had a chance to set the threshold of their willingness to pay. The goal here is to assign value with the understanding that you could be way off. A whole different topic could be written on pricing unique items but we can agree that there are always comparisons to other certificates similar in nature and elements to your unique item.Here is an item from my collection that I have not seen before but could determine its value as a range based on other stocks I have seen that have sold. Remember to look for sold items and not the ones you see for sale. <br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSE2utR07oEuB6unOZnGCLHZwp6fn40EejCoUSRK7WMKyXx_jXQS7GLODa_ejInG1tzUvwb8eFFU-XeWGVPcQ1PVbBzLpmmPwj0PXIgztJUTmfMWwIoWVvPWQ09peNUxKmemwScaSci_Jj/s1600/BeaverBrookSlateCompany.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="217" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSE2utR07oEuB6unOZnGCLHZwp6fn40EejCoUSRK7WMKyXx_jXQS7GLODa_ejInG1tzUvwb8eFFU-XeWGVPcQ1PVbBzLpmmPwj0PXIgztJUTmfMWwIoWVvPWQ09peNUxKmemwScaSci_Jj/s320/BeaverBrookSlateCompany.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">The Beaver Brook Slate Company, Warren New Jersey - 1875 Serial #1 </td></tr>
</tbody></table>
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<b>Next step, make a copy of your inventory.</b><br />
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Keeping an extra copy is just a good idea because inevitably something will happen to your original list and it is far easier to keep a flash drive in your desk and making a copy every so often than starting from scratch after a sting of expletives. I have seen some solutions that can be easily accessed in the cloud for a reasonable price per month and that might be another good use as a backup.<br />
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<b>Consult the Experts </b><br />
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Remember that our small community of Scripophily is a great source to help answer some of those questions that only experience and exposure to thousands of certificates can understand. I have dealt with many of the Scripophily dealers that attend the show in Virginia and in many cases they provided me information that I did not have when I started speaking with them. Their generosity sharing experiences and insight is greatly appreciated.<br />
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One interesting aspect that I learned from the dealers last year is that after 20 years collecting, these guys have seen pretty much everything that has ever been for sale at one time or another. So as Terry mentions in his article listed above, don't call a certificate rare unless you are absolutely sure and if you think you have one, ask.<br />
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<b>12th Annual National Stock Certificate & Bond Show </b><br />
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Work has made it impossible for me to exhibit at the 12th Annual National Stock Certificate & Bond Show, January 25-26, 2013 at the Crowne Plaza Hotel -Dulles Airport, located at 2200 Centreville Rd., Herndon, VA 20170. I did have the chance to attend late Friday and Saturday. It is a great show with experts from around the globe talking about our hobby. Here is the link to get more information: <a href="http://www.rsschell.com/welcome-letter.html">http://www.rsschell.com/welcome-letter.html</a> if you have an interest in attending next year's show scheduled for January 25 and 26, 2014.<br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;">If you like my posts, let me know or if you have an old certificate that you would like me to research. Please send me an email to vintagestocksandbonds@yahoo.com with the name of the company, date issued and condition. Ideally, if you have a scan that would be best. I recently provided a background and estimate for the <span id="yui_3_7_2_1_1359811660633_2876"><span id="yui_3_7_2_1_1359811660633_2875"><span id="yui_3_7_2_1_1359811660633_2878" style="color: black;"><span id="yui_3_7_2_1_1359811660633_2877" style="color: black;">Finnish Co-Operative Trading Association Inc. from Brooklyn that was a co-op bakery issued in 1921 from New York. Jon who sent it to me found it among his old family files as his family was part of the co-op. What a great part of a family history.</span></span></span></span></span><br />
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<br />Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com5tag:blogger.com,1999:blog-4835548519973654340.post-87727571734453638582012-10-23T00:24:00.000-04:002012-10-23T00:27:26.255-04:00<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="clear: right; float: left; margin-bottom: 1em; text-align: center;"></table>
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<span style="font-family: Verdana,sans-serif; font-size: large;"><b>What a great weekend searching for my next treasure</b></span></h2>
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<span style="font-family: Verdana,sans-serif;"> As you may have guessed by now, I am on a mission. Search high and low every flea market and antique centers for long forgotten certificates. This weekend I have solicited the help of my brother and his son on Saturday and my son on Sunday to share my adventures. </span><br />
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<span style="font-family: Verdana,sans-serif;">As I continue to repeat here<span style="font-size: large;"><b> </b><span style="font-size: small;">on <b>VintageStocksandBonds.Blogspot.com</b></span></span>, treasures are an elusive beast. Starting early, leaving the house at 6:40am to meetup with my brother, Saturday was a bust at the first flea market at Columbus, </span><span style="font-family: Verdana,sans-serif;"><span style="font-family: Verdana,sans-serif;">New Jersey</span>. Very few vendors and most selling new items. If you are planning to go, make it on Sunday as it is the largest flea market I have ever attended in </span><span style="font-family: Verdana,sans-serif;"><span style="font-family: Verdana,sans-serif;">New Jersey</span>. We decided to head over to Englishtown, </span><span style="font-family: Verdana,sans-serif;"><span style="font-family: Verdana,sans-serif;">New Jersey</span> and again, nothing of interest unless you include the skateboard purchased by my nephew for parts. With a quick, late day visit to the Golden Nugget in Lambertville, New Jersey bringing the round trip total mileage for Saturday at 145 miles round-trip. Home by 2:30pm.</span><br />
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<span style="font-family: Verdana,sans-serif;">Sunday was more than a different day, it was a new, exciting road-trip that again started very early in the morning, leaving the house at 5:40am with my son with the goal to drive 5 plus hours into upstate New York. Canada was only another hour and 15 minutes up the road. We planned on arriving when the 1,000 vendor antique center at Ontario Antiques opened their doors at 10:00am. What a drive. I enjoy spending time with my son and daughter and on this trip gave me a chance to spend over 10 hours driving around looking for antique centers with my son. We talked about everything imaginable and even shared the driving so I could catch a small cat nap. </span><br />
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<span style="font-family: Verdana,sans-serif;">I did find a number of certificates at the 1,000 booth antique center. None that were either interesting or priced right for me. We made a decision to take a break for lunch and then instead of going to the next mega center, we decided to take advantage of the location and take a wandering route home around the finger lakes and visited seven more centers. </span><br />
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<span style="font-family: Verdana,sans-serif;">It was during this leg of the journey that we stopped at the Rustic Relic located in </span><span style="font-family: Verdana,sans-serif;">Canandaigua, New York just after lunch. Quick shout out to Mac's Philly Steaks, well done. Although I am told by my bride, that ordering a cheese steak is not the best choice. In my defense, I only ordered an eight inch sandwich instead of the full 16 and washed it down with bottle of water. At the Rustic Relic I met the mom and daughter running the small establishment. It was organized in the perfect style with just a little clutter to make it inviting. After a few minutes I noticed tucked into the back of a curio cabinet near the counter, a plastic sleeve containing an issued, uncanceled bond of the <b>Montclair and Greenwood Lake Railway Company</b> 1875 in mint condition. This is an amazing example that I plan on adding to my personal collection that makes the whole trip worth while. We arrived late at home exactly at 9:00pm after finishing </span><span style="font-family: Verdana,sans-serif;">the round trip total mileage for Sunday at 523 miles round-trip.</span><br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg73J5HBiNeMx6bk2an8fmCdfbSp25MoPiaB46H9Gk9oDp7j-mFTLD7DDHBdfZRTkSMBCfioLkORRTsme5X_kkr83siDxKOca2OeswIb3a_Vfzd0nGxzGakI8WbD3NmaHl4A4_2y1wd8_0u/s1600/MGLRC2.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="215" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg73J5HBiNeMx6bk2an8fmCdfbSp25MoPiaB46H9Gk9oDp7j-mFTLD7DDHBdfZRTkSMBCfioLkORRTsme5X_kkr83siDxKOca2OeswIb3a_Vfzd0nGxzGakI8WbD3NmaHl4A4_2y1wd8_0u/s320/MGLRC2.png" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="font-family: Verdana,sans-serif;"><b>Montclair and Greenwood Lake Railway Company</b> <b>1875</b></span></td></tr>
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<span style="font-family: Verdana,sans-serif;"></span><br />
<span style="font-family: Verdana,sans-serif;">I'll save you the math problem, totaling the miles traveled at 668 </span><span style="font-family: Verdana,sans-serif;"> and seeing some amazing scenery in the process. My family is planning a return trip to the area for our next vacation.</span><span style="font-family: Verdana,sans-serif;"> If we would have just driven straight through we could have easily reached Indianapolis, Indiana after leaving New Jersey passing through Pennsylvania and Ohio and making it half way across Indiana. I will rationalize the cost of fuel as time spent with my family talking about current affairs and staying connected whether it is garage sales with my daughter or antique centers with my son, it is time well spent. </span><br />
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<span style="font-family: Verdana,sans-serif;">Here is my plug for the best show <span style="font-size: small;">in America </span>dedicated to the collection of Stocks and Bonds. I am exhibiting at the upcoming <b>National Stock Certificate and Bond Show</b> presented by Bob Shell on January 25-26, 2013 at the Crowne Plaza Hotel - Dulles Airport, 2200 Centerville Road, in Herndon, Virginia.</span><br />
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<span style="font-family: Verdana,sans-serif;">Hope to see you there. If you have any questions about your certificates, as I really enjoy hearing where you found them p</span><span style="font-family: Verdana,sans-serif;"><span style="font-family: Verdana,sans-serif;">lease send me an email at <b>vintagestocksandbonds@yahoo.com</b></span>. </span>Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com1tag:blogger.com,1999:blog-4835548519973654340.post-81214336213283408142012-10-03T20:46:00.002-04:002012-10-03T20:46:51.450-04:00Meet me at the Allentown Paper Show<b>October 6th & 7th </b><br />
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After many years of crawling around old antique stores, visiting every flea market within three hours from my home and browsing each garage sale even if the drive by proved lacking, I now have put a stake in the ground. I have decided to attend the upcoming Allentown Paper Show at Agricultural Hall in Allentown not as a buyer, wandering the halls, but from the other side of the table. This is the first time, most of my collection has ever seen the light of day. <br />
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Under the my stage name, Vintage Stocks and Bonds, I procured a large booth in the main hall. My first quandary was what quality items could I possibly offer for sale for what is expected to be 1,400 discerning buyers to this great event. After searching every box and pile around the house, I found postcards, sheet music, artwork, tickets to the 1932 Republican and Democratic National Conventions from 1932 and admission tickets from the 1876 and 1893 Worlds Fair in amazing condition, odds and ends ephemera and of course, stocks and bonds from America to around the globe. If you are looking for a great deal on a blueberry, in green, I have one for sale at a great price. One of my many interesting items for sale at the show is an uncancelled original Central Transportation Company stock from the 1880's issued to George Pullman and signed on the back by Robert Todd Lincoln in perfect condition. <br />
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These coupons are good as a reminder and save you a dollar at the door.<br />
<img alt="" class="spotlight" src="https://sphotos-a.xx.fbcdn.net/hphotos-ash3/580327_416421788418314_610050379_n.jpg" style="height: 520px; width: 388px;" /><br />
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Plan a day visiting and make sure you spend time at the Farmers Market just next store. The address, for GPS is <span class="fbProfileBylineFragment"><span class="fbProfileBylineLabel"><span itemprop="address" itemscope="itemscope" itemtype="http://data-vocabulary.org/Address"><a href="http://bing.com/maps/default.aspx?v=2&pc=FACEBK&mid=8100&where1=Allentown+Fairgrounds++++1929+Chew+Street%2C+Allentown%2C+Pennsylvania&FORM=FBKPL0&name=Allentown+Paper+Show&mkt=en-US" itemprop="street-address" rel="nofollow" target="_blank">Allentown Fairgrounds 1929 Chew Street</a>, <a href="http://www.facebook.com/pages/Allentown-Pennsylvania/103129393060364" itemprop="locality">Allentown</a>, <a href="http://www.facebook.com/pages/Pennsylvania/105528489480786" itemprop="region">PA</a>. </span></span></span>Please contact me at vintagestocksandbonds@yahoo.com if you have any questions or are interested in a particular item.<br />
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See you at the Allentown paper Show.<br />
Bill Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com0Allentown, PA, USA40.6084305 -75.490183340.560211499999994 -75.5691473 40.6566495 -75.4112193tag:blogger.com,1999:blog-4835548519973654340.post-81721862831475358742012-01-19T14:43:00.000-05:002012-01-19T14:43:15.977-05:00Another challenge - Highest percentage of ownershipAnother trip, another interesting find. Listed below is the Citizens Passenger Railway Company serial number 33 issued in 1919 to the Fidelity Title & Trust Company Trustee. When I find railroad stocks and bonds, my first place to check is coxrail.com. After a quick review, I determined that it is CIT-225 based on the green stamp in the lower left corner, listed but not yet reported on coxrail.com. I sent Terry Cox an image (300 dpi) and he noticed something else interesting. This certificate was issued for all but five shares issued for 3,995 of an outstanding 4,000 shares. That represents 99.875% of ownership of the railroad.<br />
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This is a rare certificate with a maximum number of certificates issued to this one and five more if the others were for one share each. I am reminded of a great quote from Terry Cox's April 2008 Newsletter "As best I can tell, rarity can do little but imply how long buyers may need to wait to find another example of the same certificate. If the period between buying opportunities is important, then rarity is a good thing to know." I think a major flaw inherent determining rarity is that they are based on items for sale and not certificates that are part of a collector's inventory. Therefore, I do not expect a perfect rarity scale anytime soon. As you can see from the image below, this certificate has a fairly common appearance. So now for my challenge to other collectors.<br />
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Does anyone posses a certificate with a greater portion of outstanding shares at the time the certificate was issued?<br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuJ1U8wJAy9T2zyX4E0vQC1mxmdtkP89VYWnT_1oeZUlJS7l-D_p8lBlyYYJVz4CqREpHlwWjKUQaMhSYBe-9-CIGbZqsgTDFbNTP_r8hXdC6HbuQKBu7a_GKrlL-a3oxUEP7kgei-BR2T/s1600/Citizens+Passenger001.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="221" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuJ1U8wJAy9T2zyX4E0vQC1mxmdtkP89VYWnT_1oeZUlJS7l-D_p8lBlyYYJVz4CqREpHlwWjKUQaMhSYBe-9-CIGbZqsgTDFbNTP_r8hXdC6HbuQKBu7a_GKrlL-a3oxUEP7kgei-BR2T/s320/Citizens+Passenger001.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Citizens Passenger Railway Company - 1919 for 99.875% of ownership</td></tr>
</tbody></table> <br />
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I need to add some clarity about my trips in search of that next great treasure. This certificate was the results of one of two trips to South Jersey as far south as the town of Salem. My discovery occurred only after trolling through over a dozen antique stores and flea markets. At one of the antique shops, I did spend a few minutes speaking with Mike from the Royal Port Antiques. Although he only had some old receipts, Mike mentioned that more items are expected soon so I left him my card. Royal Port Antiques is fairly new with very interesting items displayed on multiple levels situated in an old barn. I mention this shop because it is in a remote area of the state that could yield some very worthy certificates. I look forward to hearing from him.<br />
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Most of the other antique shops I visited were in multi-vendor buildings offering the typical wide variety of merchandise varying from early American furniture to a massive array of smalls to yesterday's junk. As for my search, I guess they would not be called treasures if they appeared in every place I checked. As I have mentioned in my prior postings encouraging starting conversations with proprietors about vintage stocks and bonds, most have not seen any for many months. On my recent trips, besides the Citizen Passenger Railway Company, the one exception compared to what I usually find with recently dated overpriced certificates far from interesting, was a small camping association from the 1910s. Sadly the price kept me from adding it to my collection. <br />
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Stay tuned for my next blog entry on a recent research project based on the history of corporations in the United States.Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com2tag:blogger.com,1999:blog-4835548519973654340.post-83737814692375675982011-12-28T19:39:00.000-05:002011-12-28T19:39:56.948-05:00Secret Spy Satellites Designed by the Perkin-Elkin CorporationOn September 17, 2011 the United States unclassified documents associated with the National Reconnaissance Office (NRO). Included in the release were details naming the KH-9 HEXAGON, commonly known as Big Bird, which produced a series of photographic reconnaissance satellites launched by the United States between 1971 and 1986 and naming the Perkin-Elkin Corporation as one of the secret companies. The effort was a joint venture between the CIA and the Air Force. Operations provided agents with high definition photographs of Soviet Union, Chinese and Cuban military sites between 1972 - 1986.<span style="font-size: xx-small;">1 </span><br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://3.bp.blogspot.com/-MpgSyNUTEBI/TvuNqG833TI/AAAAAAAAAGU/iuVMUIWmX-s/s1600/Perkin-Elmer.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="271" src="http://3.bp.blogspot.com/-MpgSyNUTEBI/TvuNqG833TI/AAAAAAAAAGU/iuVMUIWmX-s/s400/Perkin-Elmer.JPG" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Perkin-Elmer Corporation - 1980</td></tr>
</tbody></table><span style="font-size: small;"></span><br />
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Perkin-Elkin Corporation was rewarded their first top secret contract from the CIA in 1966 to build highly sensitive cameras and optics used on the KH-9. A nondescript building on the hill by the airport in Danbury Connecticut provided work space, without windows, for over 1,000 employees as well as areas to test the effects of rocket launches on the equipment and create environments of extreme temperatures to mimic the conditions of the cameras in outer space.<br />
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The Hexagon project was considered the most successful space spy satellite program of the cold war era. One of the declassified successes mentions "Hexagon providing crucial information for the Strategic Arms Limitation Talks between the United States and the Soviet Union in the 1970s."<span style="font-size: xx-small;">2</span><br />
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I went through my common certificates and found several for the Perkin-Elkin Corporation. A quick search of the Internet uncovers many samples at near giveaway prices. I am sure there are plenty of inventory in circulation for now. Looking ahead, every history teacher in the country will want one of these stock certificates hanging on their wall. The idea of finding a conspiracy coming to life right in our backyard is at least news worthy and most likely makes these certificates highly sought after for many years to come.<br />
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So if you are reading this blog entry, you may be one of the few collectors able to acquire a sample of the Perkin-Elkin Corporation for your collection at bargain prices. Good luck and happy hunting. As the year ends, I would like to wish everyone a safe, happy holiday season. I am really looking forward to 2012 and what it has to offer. <br />
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1 http://en.wikipedia.org/wiki/KH-9_HEXAGON<br />
2 Helen O'Neill is a New York-based national writer for the Associated Press. She can be reached at feature(at)ap.org.Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com2tag:blogger.com,1999:blog-4835548519973654340.post-9727337270037394292011-12-12T20:48:00.002-05:002012-01-01T13:32:56.917-05:00Another great find... Pennsylvania Steel Company - 1882My search for vintage Stocks and Bonds continues. I have been using several sources including the Sunday Driver maps, sundaydriver.com, local flea markets and of course, the Internet. As mentioned in my last entry, most of the major antique centers near my home have been searched multiple times. Unfortunately, the only changes I seem to notice is the updated materials from July 4th, to Halloween to Christmas. So I put on a smile and ask if there are any old business documents. Even when the proprietors say "no", I still search top to bottom moving everything on the tables, opening drawers, and looking behind counters.<br />
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Monday this week yielded an amazing find at Ziegler's In the Country , www.zieglersantiques.com near Hearshy PA. I was on my way to another location and happened by the store swerving into the parking lot. The two ladies working the desk were so friendly and were not aware of the location of any stocks or bonds in the building. After combing through the first floor booths, saying goodbye to the ladies, I almost missed the set of stairs tucked away on the left. Sure enough, at the end of the first row of booths on the second floor I located an overcrowded nook with a secretary buried against the back wall. It was filled with very fragile glassware when I see it. Tucked behind all of the glassware is an old folded leather certificate frame with the tell-tale vignettes that I have become so attached. The lady at the store had to help me uncover and move all of the glassware to get it out of the cabinet.<br />
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Within the frame was a the Pennsylvania Steel Company certificate dated Valentine's day, 1882. The certificate has five vignettes and is signed by Secretary, Eben F. Barker and by the President,Samuel M. Felton. Felton also played a role in thwarting an assassination attempt on President Lincoln in February 1861. (Felton family papers (Collection 1151), The Historical Society of Pennsylvania).<br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3knQvRzG1_Q03r_CrUrI8n6h3zqLb6AYxQoxtxpy2pvpfp_8hbYBRAt5Q_qz3ql9MzxwCJOnzgpZdV7AzjI_-9MGMv4KTOCkEGTtorJI0W7ToeXXJTtxF29ev0t-t9TT8ah8djs015i0V/s1600/felton.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3knQvRzG1_Q03r_CrUrI8n6h3zqLb6AYxQoxtxpy2pvpfp_8hbYBRAt5Q_qz3ql9MzxwCJOnzgpZdV7AzjI_-9MGMv4KTOCkEGTtorJI0W7ToeXXJTtxF29ev0t-t9TT8ah8djs015i0V/s320/felton.jpg" width="240" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Samuel M. Felton (1809-1889) </td></tr>
</tbody></table><br />
<b>Pennsylvania Steel Company</b><br />
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The Pennsylvania Steel Company was organized in June 1865. The following year it purchased land for its main production facility in Steelton, near Harrisburg. Operations commenced at the plant in May 1867. Closely associated with the Pennsylvania Railroad, the Pennsylvania Steel Company's first contract was to roll steel rails for the railroad, utilizing the then-revolutionary Bessemer steel process.<br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgDo40LKg6MUtAmhf6213iEzv3eVuFfkK5V-7NsiHRYMqtcu9a_Lf8f9NHZAr8vQHtQNMrLwQnteB6lj4XZNNjtc90EtFCiSJxf10CTFvx2DVQtMrDEfnUUEcueNOM6Tbfof3LneFGvgiz/s1600/PennsylvaniaSteelCompany.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="270" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgDo40LKg6MUtAmhf6213iEzv3eVuFfkK5V-7NsiHRYMqtcu9a_Lf8f9NHZAr8vQHtQNMrLwQnteB6lj4XZNNjtc90EtFCiSJxf10CTFvx2DVQtMrDEfnUUEcueNOM6Tbfof3LneFGvgiz/s400/PennsylvaniaSteelCompany.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Pennsylvania Steel Company - 1882</td></tr>
</tbody></table><br />
A corporation formed under the laws of Pennsylvania in 1895. The company was a reorganization of a corporation of the same name, Pennsylvania Steel Company, the property of which was acquired by the present organization in 1895 under foreclosure proceedings. The plant consists of large works at Steelton, Pa., for the manufacture of steel rails, railway material, structural work, railroad crossings and special work. The company has four blast furnaces, Bessemer steel works blooming-mill, open hearth steel plant, billet mill, a rail mill, as well as a bridge building plant and facilities for making structural works, frogs, switches and signals and other specialties. Its steel plant has an annual capacity of 400,000 tons. The company owns the entire stock ($1,000,000) of the Maryland Steel Co., which has a large steel plant at Sparrow's Point, Md., with a capacity of 300,000 tons of steel rails per year and a large ship-building plant. The company also owned a half interest in the Juragua Iron Co., which has iron ore mines in the province of Santiago, Cuba, and a plan for the acquisition of the Cuban Steel Ore Co. was proposed in 1900, this company having an option upon the latter company's stock until July 1, 1901.<br />
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In January, 1901, a plan of financial reorganization was adopted, involving a reincorporation of the company, with an authorized capital of $25,000,000 preferred and $25,000,000 common stock, of which $16,500,000 preferred and $10,750,000 common will be issued forthwith. As part of the plan a syndicate was to supply $9,000,000 cash, taking for same $10,000,000 of new preferred stock and a similar amount of common. In 1916, the Pennsylvania Steel Company was one of the operations merged to form Bethlehem Steel (Maley 2002).<br />
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My search continues, I will return to Hershey in the coming weeks to finish visiting the local antique centers. Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com2tag:blogger.com,1999:blog-4835548519973654340.post-44780496463638196192011-11-05T19:31:00.033-04:002011-11-05T19:54:46.396-04:00Treasures uncovered...New-Century Club of WilmingtonMore about my recent discoveries.<br />
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My next find a few days later at the Stoud Sunday Market in Adamstown, PA, was found buried among a full box of old papers from the late 1890s to early 1900s. This issued, uncanceled certificate, in incredible condition except for the two folds, is from the New-Century Club of Wilmington dated 1912. From Wikipedia, "The New Century Club was a progressive upper class woman's group dedicated to social improvement and charity as well as woman's suffrage issues. Notable members of the Club included Emily P. Bissell, a Red Cross campaigner against tuberculosis who has a state hospital named after her" as well as a US postage stamp, "and Emalea Pusey Warner, who successfully campaigned for public vocational education and has a local elementary school named in her honor. Speakers at the club included future president Woodrow Wilson and birth control advocate Margaret Sanger." The $30,000 capital was used to create a meeting place for the ladies which stands today used as a theater for children.<br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVoen-gTBf77xshb62TjtK_nOCKYAGiYB7clsZLuTPeYf3yPh5grm-WpBRGsTFxQmLiYctlahkQcRzUEYnMFemKLs-onmynLESnjiaGJ8Uv9Qrjt_e-eA1eiwUKIQoUWYTaKN3sVx02gs2/s1600/NewCentruryClub.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="221" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVoen-gTBf77xshb62TjtK_nOCKYAGiYB7clsZLuTPeYf3yPh5grm-WpBRGsTFxQmLiYctlahkQcRzUEYnMFemKLs-onmynLESnjiaGJ8Uv9Qrjt_e-eA1eiwUKIQoUWYTaKN3sVx02gs2/s400/NewCentruryClub.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">New-Century Club of Wilmington dated 1912</td></tr>
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<div class="commenter">I posted a question on the group account of LinkedIn for Scripophily last week asking about the smallest capital issued for a stock and I think Terry Cox has the provided the details of the issue. As per Terry, "The Middletown & Northeastern Railway Co of Columbus, OH was incorporated in 1913 with a capitalization of $1000. Par value was $100. Certificate #1 was issued for 6 shares and therefore represented controlling interest." Thanks Terry. Anyone own one? </div><div class="commenter"><br />
</div><div class="commenter">Selim Chanderli wrote "I have one of 5'000 Swiss francs from 1933, but I don't know what was the exchange rate CHF/$ at this time..." So what would it be worth in USD in 1933? After some research and math, made easier since both companies were on a different but standard gold measure, 5'000 CHF converts in 1933 to $2184.33. </div><div class="commenter"><br />
</div><div class="commenter">Please look though your collections and contribute to this discussion on LinkedIn. </div><br />
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</span>Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com7tag:blogger.com,1999:blog-4835548519973654340.post-17260073268361609372011-10-26T22:32:00.001-04:002011-10-26T22:38:03.833-04:00Beaver Brook Slate CompanyWhat a week I had, well two weeks. After visiting as many antique centers and flea markets near my home that I can find, it is getting harder to get to the new places without traveling at least two hours in one direction. So I rationalize the time and distance, and cost of fuel by starting my trips early in the morning and stopping at Dunkin Donuts for a coffee and muffin. Driving during the early morning avoids traffic and time seems to really fly by anticipating my next great find.<br />
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While on my excursions I try to follow my own advise and talk with as many people at local antique centers because they spend a lot of time talking with others dealers that you will never meet on your own. I can't tell you how many people said they did not have anything for me only to tell me about some who might. After arriving in the remote corner of eastern Pennsylvania, searching though the every booth, one proprietor started calling local acquaintances to see if they had anything I might be interested in purchasing. No luck there, but I have to give her a call-out for her customer service. Thank you Zionsville Antique Center.<br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgm4a7Ceb6zETW_de9lWLNMdKWdzidvrIufOsV4J6mmSLxcOsBj2_ShO4WKx4Y_5GNUozgdmYEd-opKcSuT0qlOMSn694V8XxkrkCnb5Y2AMpPCqJ2SFsO_y3z5qNFIhCoY8eblrHEAUZtG/s1600/BeaverBrookSlateCompany.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgm4a7Ceb6zETW_de9lWLNMdKWdzidvrIufOsV4J6mmSLxcOsBj2_ShO4WKx4Y_5GNUozgdmYEd-opKcSuT0qlOMSn694V8XxkrkCnb5Y2AMpPCqJ2SFsO_y3z5qNFIhCoY8eblrHEAUZtG/s1600/BeaverBrookSlateCompany.jpg" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">The Beaver Brook Slate Company 1875</td></tr>
</tbody></table><br />
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So back to one of my discoveries. My first treasure was displayed in a plastic bag tacked on a wall of one of the hundreds of dealer nooks near Stroudsburg in Monroe County, Pennsylvania. Within the bag was The Beaver Brook Slate Company serial number 1, dated 1875 from Warren County, New Jersey. The certificate is signed by Treasurer, George H. Bender and President, George Seitz. The stock is issued and not canceled with allegorical figures on the top of the certificate. I am still looking for more information about the company. Initial search results place the company on New Jersy Route 46 just south of the Delaware Water Gap. On my way home it occurred to me that there might be more available just not displayed, but no, as this certificate was part of a box lot purchase at a local auction included with a stack of older personal papers. Please let me know if you have seen one of these before or know anything about the company.Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com0tag:blogger.com,1999:blog-4835548519973654340.post-80961984266260956252011-10-16T21:38:00.000-04:002011-10-16T21:38:13.799-04:00Hobby uses for Business CardsI just noticed an amazing deal from VistaPrint where you can get 250 business cards cheap plus shipping. I paid an couple of bucks to include the image of the horse drawn trolley. I copied the vignette from my certificate of the Syracuse Consolidated Street Railway dated 1891. This is a great way to get your name along with your collecting themes to dealers without writing it out by hand every time you meet a dealers at trade shows and antique centers.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1TChOGNDotFynNWSuQbKpA-ggCh-HKaBiMcpO1Ho72SvQEeKAsgr0YtSAITpgddiu7B6tCWgXUrvteujQT__EG_alTas8100QNiYZdXZ61MxGrh_HZRqpvxDI_qhjwze_k7snvTAX3Mw_/s1600/businesscardCapture.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1TChOGNDotFynNWSuQbKpA-ggCh-HKaBiMcpO1Ho72SvQEeKAsgr0YtSAITpgddiu7B6tCWgXUrvteujQT__EG_alTas8100QNiYZdXZ61MxGrh_HZRqpvxDI_qhjwze_k7snvTAX3Mw_/s320/businesscardCapture.PNG" width="320" /></a></div>Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com2tag:blogger.com,1999:blog-4835548519973654340.post-29851104533961619352011-08-31T22:50:00.000-04:002011-08-31T22:50:28.726-04:00Vintage Stocks and Bonds: POV or the Collector - Thinning out the herd<a href="http://vintagestocksandbonds.blogspot.com/2011/08/pov-or-collector-thinning-out-heard.html">Vintage Stocks and Bonds: POV or the Collector - Thinning out the herd</a>Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com0tag:blogger.com,1999:blog-4835548519973654340.post-38496658607706576432011-08-31T13:14:00.003-04:002011-08-31T19:43:12.841-04:00POV or the Collector - Thinning out the herdCollections of any type tend to generate items considered clutter that were somewhat interesting when they were originally added to the group only to quickly fall out of favor as other newer acquisition took their place. Scripophily is no exception to this rule. Even collecting for a short time I have certificates that I wish I would have waited for that special item. So now I look at these certificates and wonder what can I do with them? Did you ever think that if you paid for an item, perhaps another collector would also be interested in adding it to their collection.<br />
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I have two suggestions to help. First, is to contact <a href="mailto:auctions@scripophily.org">auctions@scripophily.org</a> for members of the International Bond and Share Society. If you are not a member, it gives you another reason to join and support Scripophily <a href="http://www.scripophily.org/">http://www.scripophily.org/</a>. The auctions are well run using items consigned from other members. If you decide to participate please remember that the Society does not perform valuations and a brief introductory email contact is the best first step. I recently purchased an item in the June 2011 auction and although I struggled with the currency, the Auctioneer was very understanding, thanks again. I am looking forward to the September 2011 auction.<br />
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Second, if the certificates have some value, contact your favorite dealer and see if they would be interested in either an outright purchase or a trade so you benefit as much as the dealer. What is important to remember is that the dealer still needs to cover expenses and can only offer a percentage of what it can attract in a full retail environment. Still, that amount can still be above your acquisition price. I recently traded certificates that I had multiple copies for two that I had been watching for some time. At the retail level, once the dealer sells the certificates I traded, they will yield a higher price than what I received, but the operative word is "when" they sell. The dealer must catalog, advertise and store them and if they know a collector interested in a certain subject, it is because they spent considerable time building personal networks of collectors providing insight and expertise. <br />
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On a separate note, this month I recently acquired a nice certificate of The Barnes Automatic Car Coupler Co. with an amazing vignette. See the Barnes certificate below.<br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQbn6y8-YIs4MUJzP7Q-Siwk41QituFfbyv2l_nVj7NieJzud3xVmKzgejl4ObFBmr8k3fdgossMLUVZ3se3cUmANaVgeu2X-PxZSLdbUc4JVu7jp8xpUhFiQ51Bm2zVNLlwvxeXhP9W5l/s1600/barnes.jpeg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="267" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQbn6y8-YIs4MUJzP7Q-Siwk41QituFfbyv2l_nVj7NieJzud3xVmKzgejl4ObFBmr8k3fdgossMLUVZ3se3cUmANaVgeu2X-PxZSLdbUc4JVu7jp8xpUhFiQ51Bm2zVNLlwvxeXhP9W5l/s400/barnes.jpeg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><br />
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</tbody></table><br />
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Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com0tag:blogger.com,1999:blog-4835548519973654340.post-813433685527046562011-06-19T22:39:00.000-04:002011-06-19T22:39:28.502-04:00Certificate Styles Through the Ages<span style="font-family: Arial,Helvetica,sans-serif;">I have started to determine the types of characteristics that are typical for Vintage Stocks and Bonds based on available online images. Any suggestions are appreciated.</span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"> </span><br style="font-family: Arial,Helvetica,sans-serif;" /><span style="font-family: Arial,Helvetica,sans-serif;">Characteristics </span><br style="font-family: Arial,Helvetica,sans-serif;" /><span style="font-family: Arial,Helvetica,sans-serif;">Printing technique</span><br style="font-family: Arial,Helvetica,sans-serif;" /><span style="font-family: Arial,Helvetica,sans-serif;">B</span><span style="font-family: Arial,Helvetica,sans-serif;">order type and detail</span><br style="font-family: Arial,Helvetica,sans-serif;" /><span style="font-family: Arial,Helvetica,sans-serif;">Seals</span><br style="font-family: Arial,Helvetica,sans-serif;" /><span style="font-family: Arial,Helvetica,sans-serif;">Use of vignettes</span><br style="font-family: Arial,Helvetica,sans-serif;" /><span style="font-family: Arial,Helvetica,sans-serif;">Format layout </span><br style="font-family: Arial,Helvetica,sans-serif;" /><span style="font-family: Arial,Helvetica,sans-serif;">Qualities of paper, (e.g., blue tint, sheepskin, velum)</span><br style="font-family: Arial,Helvetica,sans-serif;" /><span style="font-family: Arial,Helvetica,sans-serif;">Combination of fonts including Copperplate and Black Text</span><br style="font-family: Arial,Helvetica,sans-serif;" /><span style="font-family: Arial,Helvetica,sans-serif;">Typical signatures and industries</span><br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgd7AXoeNWpIiqcMMDSDtWNT8kSLlFDXLiJ9p4w8cv-IPuHjpHB6o8q3Ovs3dvDjkvCLsshZg3z9QFW00chcW7nB5_pBuFO2MYC-NCohjntL-4a4QTNLE29USP3vGYDon1xutvCZRMkqLw/s1600/MonticelloFallsburgWhiteLakeRailroad.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="259" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgd7AXoeNWpIiqcMMDSDtWNT8kSLlFDXLiJ9p4w8cv-IPuHjpHB6o8q3Ovs3dvDjkvCLsshZg3z9QFW00chcW7nB5_pBuFO2MYC-NCohjntL-4a4QTNLE29USP3vGYDon1xutvCZRMkqLw/s320/MonticelloFallsburgWhiteLakeRailroad.jpg" width="320" /></a></div><span style="font-family: Arial,Helvetica,sans-serif;"> </span><br style="font-family: Arial,Helvetica,sans-serif;" /><span style="font-family: Arial,Helvetica,sans-serif;"></span>Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com2tag:blogger.com,1999:blog-4835548519973654340.post-78287889314631982742011-06-19T21:40:00.008-04:002011-06-19T22:15:03.355-04:00Who was Sidney Dillon?<span style="font-family: Arial,Helvetica,sans-serif;">Who was Sidney Dillon?</span><br />
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<span style="font-family: Arial,Helvetica,sans-serif;">As a fairly new collector interested in vintage stocks and bonds, I have had the opportunity to meet with seasoned dealers and collectors in an attempt to learn as much as possible with the goal of improving my modest collection. I have written articles here on vintagestocksandbonds.blogspot.com over the last several weeks detailing some of my collecting experiences from the POV of the collector. While practicing what I wrote in my prior column, I dedicated several days driving from antique store to antique store, with gas approaching 4 dollars a gallon all over eastern Pennsylvania and New Jersey, in search of that illusive treasure. In one of the larger antique malls I found, tucked on a bottom shelf of one of the hundreds of booths, a frame containing an original stock certificate of the Union Pacific Railway, serial number B6935 signed by the then president, Sidney Dillon (1812-1892). </span><br />
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<div style="font-family: Arial,Helvetica,sans-serif;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9rXMJ-hmSgY9k0H6mthyphenhyphenG6GOWc-Ku5lcpEmxeeZG5tjvx87UNT-Gpkme_sDSt7xo842D7vCImmbzq8LqC1sOCC3c9yNIMD9SQdawjCuDx4lrHezsfkcrU7S8x4hE-f6LJINZDKoexkxdK/s1600/UnionPacificRailway.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="209" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9rXMJ-hmSgY9k0H6mthyphenhyphenG6GOWc-Ku5lcpEmxeeZG5tjvx87UNT-Gpkme_sDSt7xo842D7vCImmbzq8LqC1sOCC3c9yNIMD9SQdawjCuDx4lrHezsfkcrU7S8x4hE-f6LJINZDKoexkxdK/s320/UnionPacificRailway.jpg" width="320" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSiyZBSFTa-4orlHgIPn7vsHWe_Siq-jekvJ7XpMlkWEBjXU3fqPsSSwAaoDYLo4JJX73ziR6Pf70qcrZoikX2RB6jqlRSgTGI_sIns7b2tnMLuNXFm-2JB-T8MmK1ldXYkX52RFZD5wGF/s1600/DillonSigCapture.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"></a></div>Among Dillon's accomplishments is his participation in driving the Golden Spike at Promontory Summit joining the Western Trans-continental Railway with the Eastern Trans-continental Railways. He was President of the Union Pacific Railroad 1874-1884 and 1890-1892. I did not know at that instance the true value of my find. I decided not to purchase the framed certificate and instead drove over to the local Starbucks, (free WiFi for the cost of a small cup of coffee) and take a look at coxrail.com to see if Terry's site had any thoughts about the value of the this railway certificate. What I discovered was potentially incredible. I quickly made my way back to the booth and bought the Union Pacific certificate.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4f1gKICx65KICcyVuMTyZ2JpQwto9dTdKwfPrkrNHwXXce31h5TjlByrlHNHayH5za-oeBzkV30TohJCCnHuwpvomwc51RDtliGGuFQU6GC3NS0H7TRPR46-K2gjFr-yJdI5ZvYh6Edvl/s1600/DillonSigCapture.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="100" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4f1gKICx65KICcyVuMTyZ2JpQwto9dTdKwfPrkrNHwXXce31h5TjlByrlHNHayH5za-oeBzkV30TohJCCnHuwpvomwc51RDtliGGuFQU6GC3NS0H7TRPR46-K2gjFr-yJdI5ZvYh6Edvl/s320/DillonSigCapture.PNG" width="320" /></a></div></div><div style="font-family: Arial,Helvetica,sans-serif;">What I find amazing about this certificate besides the large vignette of Lady Liberty and the center image of a locomotive is the rendering of the sad eagle to the left of the shield. Printed by the American Bank Note Company. New York and knowing how hard the engraver worked his magic on this vignette, it seems highly unlikely that the visual results were unintentional. </div><div style="font-family: Arial,Helvetica,sans-serif;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIcZapKLTWAPncJJZFXgfgiIUpwlWwIwWiO7dC0o7Zg9KD4JZwUhyQESpuMXXPjSy8oWLb4p5KF6ooGZ_67GSqHA-7OWKC1ljAs23oq4S4ymbkjNKdec2saibVJlXDqqoJ164MXLIei-53/s1600/sadeagleCapture.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="273" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIcZapKLTWAPncJJZFXgfgiIUpwlWwIwWiO7dC0o7Zg9KD4JZwUhyQESpuMXXPjSy8oWLb4p5KF6ooGZ_67GSqHA-7OWKC1ljAs23oq4S4ymbkjNKdec2saibVJlXDqqoJ164MXLIei-53/s320/sadeagleCapture.PNG" width="320" /></a></div><div style="font-family: Arial,Helvetica,sans-serif;"></div><br />
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<div style="font-family: Arial,Helvetica,sans-serif;"></div><div style="font-family: Arial,Helvetica,sans-serif;">I wonder if one great find is all I am destined for? No, I refuse to believe that it was all luck but instead perhaps a combination of a little luck and a great deal of sweat searching in places that continue to percolate new material from the hidden depths of hidden estates returning it back to the viewing public. </div><div style="font-family: Arial,Helvetica,sans-serif;"><br />
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</div>Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com1tag:blogger.com,1999:blog-4835548519973654340.post-57542046962510053542011-06-06T09:38:00.000-04:002011-06-07T23:27:37.719-04:00The Scripophily Hunt from the POV of a CollectorHobbies entertain. At best, that's what they do. They don't pay the rent or put gas in your car. The attraction is the hunt for that great <span class="yshortcuts" id="lw_1307363221_2">hidden treasure</span>; turning over a stack of old paper in a time-worn cardboard box uncovering the corner of an ornate vignette, seeing nanoseconds later that it is an uncanceled certificate dated before 1850. Collecting is very competitive and it is the goal of every collector to attempt to reduce the number of people looking for the same material in the same places you are searching. I am more likely to seek-out buying opportunities when and where those elements align. <br />
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If we can agree on that premise, writing on this topic makes no sense. Why would I reveal my secret hunting tips to our small community of Scripophilist. My response might surprise you; In my opinion, an educated collector is more valuable to the hobby and as more informed collectors enter the hobby, more long forgotten material will find its way to the collecting public. Fact is, anyone who actively participates in our hobby is already likely to know where to find great deals. I only hope to level the playing field. I'm sure there are many other ideas and if you know them, more power to you, bargaining power.<br />
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I'll start with my hunting approach that combines common sense and finish with a single search line that will kick-start any Internet search. Armed with comfortable shoes and a magnifying glass, map-out weekend garage sales, local <span class="yshortcuts" id="lw_1307363221_3">flea markets</span>, antique centers and auction houses and plan to spend the day. For the neighborhood garage sale, get there early, but don't hover, it might be a little creepy. Look for sales being run by adult children selling the estate of parents, aunts and uncles. Provided the certificates were not the first thing tossed in the trash on clean-out day, these are the best garage sales. Say "Hello" to break the ice. Sometimes I joke around that I never find stocks or bonds. When deciding which sales to attend, avoid any sales that list children toys or the dreaded "HH", Household items. Unless you are in the market for a used blender or old clothing. I am no longer surprised when I see items that people arrange nicely on a table when it should have been placed right in a garbage can. Oh and don't even bother with the Sunday garage sale as the good stuff is long gone. <br />
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Since garage sales are scheduled for either <span class="yshortcuts" id="lw_1307363221_4">Friday</span> or Saturday, plan getting to the flea markets as early as possible. While strolling through the rows of vendors, if you see any type of ephemera (e.g., bank checks, business receipts, marriage certificates, etc.) stop and chat-up the dealer and find out if they have any certificates or how often they run into them. Many of the dealers spend the weekdays selling from one flea market to another and they are exposed to a more varied type of material. No doubt you will find a wide range of quality certificates in an even larger price range. Remember to be selective as common certificate will always be common. Purchase one if you have an absolute need, otherwise avoid them. Really, a Pan Am certificate is never worth 2 dollars. Recently, one early Saturday morning at the Golden Nugget in <span class="yshortcuts" id="lw_1307363221_6">Lambertville, New Jersey I found </span>at one end of the row, a dealer selling a framed copy of a B & O Railroad stock from the 1930s for 20 dollars; He explained how rare it was and described the vignette as one of the earliest known rail engines. Really? At the other end of the very same row, a dealer was selling an 1857 <span class="yshortcuts" id="lw_1307363221_7">Saint Louis</span> & Iron Mountain Railroad State Bond signed by the Governor of Missouri priced at 4.50 dollars, I bought one, guess which now has a prominent place in my collection.<br />
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Another excellent place to find vintage certificates are auction houses serving small communities. These sales are typically not connected to the Internet and therefore, usually have less competition<span style="font-family: "Calibri","sans-serif"; font-size: 11pt; line-height: 115%;"></span>, read, better deals. I attended an auction last month in the middle of Pennsylvania that was still using bid cards to track purchases. Each lot started below five dollars and I was able to secure two lots with eight certificates of moderate value. Oh, and save room for the home-made pie.<br />
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Finally, many antique dealers have changed from setting-up shop on their own to renting space in a larger facility. They range in size from 10 to hundreds of dealers all under one roof. Stop-by and see what's for sale. The downside to these types of places is that the inventory does not turn-over often, so a visit once a month should do the trick.<br />
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The main reason I collect stocks and bonds is to learn about a company's history and uncover if they were successful or were part of some publicized scandal. Looking-up history on defunct companies has never been easier. Here is the syntax to enter into a search engine. <br />
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<b>"<exact company name>" site:<a href="http://books.google.com/" rel="nofollow" target="_blank"><span class="yshortcuts" id="lw_1307363221_8">books.google.com</span></a></b> <br />
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From this beginning, you can find the creation and date of default of the company and executives which in-turn create new search paths to learn more about the company. <br />
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This week I joined the International Bond and Share Society <span class="url" id="yui_3_3_0_1_1307363641891174">(<b>www.scripophily.org) </b></span>The site is full of useful information provided by people very experienced in our hobby. I would recommend anyone with an interest in Scripophily consider joining. I had several ideas for next weeks Blog entry but unearthed a certificate last week signed by <span class="yshortcuts" id="lw_1307363221_9">Sidney Dillon</span>. Check back next week to see this amazing find. <br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3NpjxtXf60MlD-Cn1J7Lh5gWdiNPPtk3btpIOLKq9h2NXLQ6Cyzd5s4yQsBne4w9nLX5Xy7qt5d4A1olfJArDqytz9_I-xovr9HLS_ju0E0-77z17kneZSo-Eh5vqBUdxCEV0FzL9TfXh/s1600/SidneyDillonUnionPacificRailway.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3NpjxtXf60MlD-Cn1J7Lh5gWdiNPPtk3btpIOLKq9h2NXLQ6Cyzd5s4yQsBne4w9nLX5Xy7qt5d4A1olfJArDqytz9_I-xovr9HLS_ju0E0-77z17kneZSo-Eh5vqBUdxCEV0FzL9TfXh/s200/SidneyDillonUnionPacificRailway.jpg" width="170" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Sidney Dillon:<br />
<div style="text-align: left;">Was President of the Union Pacific Railway. Dillon's vast experience in the construction of railroads proved invaluable. He took part in the laying of the last rail of the First Transcontinental Railroad in 1869.</div></td></tr>
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I am interested in your feedback so please let me know what you think. Send questions and comments to me at vintagestocksandbonds@yahoo.com and be sure to come back next week to <a href="http://vintagestocksandbonds.blogspot.com/" target="_blank"><span class="yshortcuts" id="lw_1307363221_10">vintagestocksandbonds.blogspot.com</span></a>.Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com0tag:blogger.com,1999:blog-4835548519973654340.post-14382616304127573312011-05-24T15:51:00.000-04:002011-05-26T20:36:14.056-04:00Scripophily Display from the POV of the Collector<div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: Arial,Helvetica,sans-serif;">I have been busy the last couple of months searching and, on occasion finding, new venues of research sources while scouring garage sales, local flea markets and antique stores. How long can I continue my journey before I bring one of those lost documents to life? If you ignored my tip in the previous entry about being selective, you may now be in possession of many cheap, common certificates. Perfect for framing or really unique wallpaper. Perhaps a border around the kids room would be nice because it's never too soon to teach the next generation a lesson about free capital markets economies.</span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: Arial,Helvetica,sans-serif;">For the rest of us, displaying a few pieces can enhance our personal space. At work, I take photos of some of the more valuable certificates that would be difficult to replace. At home I want a better quality image. More on that later.</span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: Arial,Helvetica,sans-serif;">Several questions come to mind when I started collecting. </span></div><ul><li><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: Arial,Helvetica,sans-serif;">Should I display certificates?</span></div></li>
<li><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: Arial,Helvetica,sans-serif;">How can I protect them from sunlight?</span></div></li>
<li><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: Arial,Helvetica,sans-serif;">What are the appropriate materials for framing?</span></div></li>
</ul><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: Arial,Helvetica,sans-serif;">Let's jump right in and address the idea of displaying certificates. One important reason for framing these older documents is to make them matter. History tells a fascinating story, one certificate at a time. Include a small paragraph explaining the document and if necessary decode the text so people can imagine they are part of the adventure. Add an image of the company officers if they are famous. I have one certificate Central Transportation Company issued to George M. Pullman and signed by Robert T. Lincoln on reverse so I used the two- sided frame. </span><br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnCzIXWFTgOW0wJzMW2jGX4wDr7qcETKdPn_tPMEB5mTnWTjp2NLWxASHR41BfEY3JjgSb4kiJ1JKBSRFdX086tUfyVzbr3cusUPGIOBINthPX7APBJXXc0UBCAM_GKrcpaIxrPbpHlEq6/s1600/RTLincolnCapture.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial,Helvetica,sans-serif;"><img border="0" height="104" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnCzIXWFTgOW0wJzMW2jGX4wDr7qcETKdPn_tPMEB5mTnWTjp2NLWxASHR41BfEY3JjgSb4kiJ1JKBSRFdX086tUfyVzbr3cusUPGIOBINthPX7APBJXXc0UBCAM_GKrcpaIxrPbpHlEq6/s320/RTLincolnCapture.png" t8="true" width="320" /></span></a></div><span style="font-family: Arial,Helvetica,sans-serif;"><br />
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<span style="font-family: Arial,Helvetica,sans-serif;">I mentioned coxrail.com in my last entry, so I will refer to Terry's excellent explanation and style regarding the effects of acid contained in paper and the effects on your certificates. Terry wrote, "No matter how careful you are, your paper will still deteriorate if you do not minimize the effects of acid. Over the long term, I suggest acid is the greatest single threat to paper collectibles." for the complete article please visit, <a href="http://www.coxrail.com/preservation.htm">http://www.coxrail.com/preservation.htm</a>. Light and heat are paper's ultimate enemy. Walk around your dwelling and find a nice cool dark hallway or corner without direct sunlight. Or better yet, keep your certificates in a portfolio with acid-free paper. ITOYA makes a whole line of these in different sizes. I selected two sizes, the 11x14 and the 14x17 as these fit most of all of the larger format certificates with the exception of bonds with coupons attached. They stock these at our local Hobby Lobby, often discounted between 25 and 40 percent off any one, non-sale item in the store. Search "hobby lobby" on the Internet for weekly coupons. </span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: Arial,Helvetica,sans-serif;">It is easy to place a certificate in a frame, hang it on the wall and forget about it. In order to make these documents really stand-out, highlight the best elements of the certificate. Maybe it's a unique vignette of Poseidon and look-up the signatures and if the person that signed the document is even remotely famous, get an image of the person with an enlarged photo of the signature and make a story that visitors in your house would like to read. I have even transcribed text to make it easy to understand the meaning of the message as many of letters have faded and not everyone living before 1900 had excellent penmanship. For certificates with something interesting on the reverse use either a two sided frame I mentioned earlier or copy the reverse and display both page in the same frame. </span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: Arial,Helvetica,sans-serif;">An even better alternative is to visit your local print shop and have them create a high resolution image and frame that copy, keeping your original in an acid free portfolio. You might need to sign a waiver to get the print shop to copy your certificate because of the liability if they damage the original. Once you have the digital copy, if it happens to be a North American Railroad, please visit coxrail.com and look-up to see if Terry needs a HRC (High Resolution Copy). The specifics about what and how to send them to Terry are included on his site. I am amazed how easy it is to find certificates, perhaps mentioned on coxrail.com but never recorded by dealers or collectors. Be an active participant in our Scripophily community and contribute your time and images. </span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: Arial,Helvetica,sans-serif;">If you do decide to frame a certificate, remember to request acid-free framing materials and use a double mat to avoid the glass from contacting the paper. Select glass that reflects UV rays as the ink, especially the handwriting on the certificate, will fade quickly in direct sunlight. Even be careful with the tape used. Regular Scotch tape has destroyed many desirable certificates. Archival tape is available from many sources on the Internet. If you are not comfortable with the procedure, seek out a reputable dealer or framing company.</span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: Arial,Helvetica,sans-serif;">Next week's Blog entry focuses on the idea of the hunt. It includes my ideas about where, when and how to find great materials. Here is a hint, the early bird get the certificate. </span><br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqINohLSzbV5vk2q7iZIrZw4lrOStTSGB7fnTOr3NdaD3cydq-3ioggXLj1cP4qpFhp9SVAumFcyvfKeXlSUss4VSad1MfuODK0j2WHtQ7URUqiyaX8Yya0qsX8C0AZDzB3cEsSvGuHn1r/s1600/Ben-HurMotorCompanypov2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqINohLSzbV5vk2q7iZIrZw4lrOStTSGB7fnTOr3NdaD3cydq-3ioggXLj1cP4qpFhp9SVAumFcyvfKeXlSUss4VSad1MfuODK0j2WHtQ7URUqiyaX8Yya0qsX8C0AZDzB3cEsSvGuHn1r/s1600/Ben-HurMotorCompanypov2.jpg" t8="true" /></a></div></div>Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com0tag:blogger.com,1999:blog-4835548519973654340.post-9209761352667956942011-05-17T23:44:00.000-04:002011-05-18T18:55:00.799-04:00Scripophily and the POV of the CollectorCollecting as a hobby is defined by the mystery of the hunt, strangers working within social networks long before the terms were part of our daily vernacular. Scripophily offers the enthusiast the lure of discovery for even the most novice collector. Over the last two years, social media tools have gone mainstream regardless of demographics. Information is the hot new commodity. Easy access to information is now available to all ages.<br />
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This is the first in a series of articles dedicated to the novice collector of old stocks and bonds and methods used for locating, purchasing and storing that perfect gem.<br />
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I discovered "worthless" certificates while on sabbatical as a Philatelist. I was instantly captivated by the amazing artwork, each with thier own history. Agreed, some of the stories are better than others, but that's for you to decide. I have found that the main difference from the stamp collector's point of view, besides the obvious size, is the chance for discovery still possible within Scripophily. Identification of varieties within the stamp world is nearly impossible. For those lucky enough to find an anomaly, it is worthy of newsprint. Armed with a magnifying glass and a quick step and you are on your way. So leave your perforation guide, color wheel and catalog home and make a visit to the local flea market. <br />
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I started my small collection with an interest in US history, specifically about the Civil War. Originally it was stamps then old checks, then fractional currency, finally Scripophily. You have already made the first big step building a nice collection by looking for and finding more information about the collection of stocks and bonds. Decide on the theme (e.g., railroads, mining, big brands etc). The list of possible ideas is endless limited by your own imagination. Good quality does not need to be expensive. Mining stocks printed between 1901 - 1929 have very ornate vignettes and are still reasonably priced. For me, it's the rush of discovery at the local auction house or odd estate sale. I recognize the feeling much akin to golf, once bitten rivals any compulsive behavior. Even my sensitivities to dust fail to deter me from spending hours with my head buried in boxes of old paper.<br />
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Many online dealer sites include sections dedicated to education on the subject of Scripophily. My favorite is coxrail.com run by Terry Cox. The site provides a running commentary complete with archives. Included on the home page is a link to a pricing database with the most exhaustive list of North American railroads. I strongly suggest his site is a "must read" for any collector interested in old stocks and bonds even if railroads are not your theme. Terry's writing style is clear and direct, how refreshing. His position on EBay and the effects on pricing trends is a masterpiece.<br />
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Another site worthy of your electronic visit is run by George and Chris LaBarre on glabarre.com. The father and son are dealers involved with the hobby at the deepest level. The site is well organized, containing thousands of high resolution images. George explained that the content displayed on the site is only a fraction of their inventory. The best way to find what you are looking for is to send George a wish list and signup for approvals. I am in the process of creating my own list. Remember to be selective. <br />
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Note of interest... If you are attracted to an item from a dealer site, many will entertain offers on multiple items but remember to be reasonable. Dealers have other expenses to cover overhead like running a website, storage and advertising and are providing a valuable service and deserve a fair premium.<br />
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I have been spending many nights searching for a missing piece of a companies historical puzzle, my current search is for information regarding the Intramural Railway. I am looking for the existence of a stock certificate. The company was owned in part by GE at its very beginning. Thoughts, leads, comments and remarks are welcome. <br />
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Future topics in this series being considered are paper storage, display and hunting tactics. Again, suggestions are welcome and encouraged.<br />
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Please forward comments and suggestions to <a href="mailto:vintagestocksandbonds@yahoo.com">vintagestocksandbonds@yahoo.com</a>.Vintage Stocks and Bondshttp://www.blogger.com/profile/02892438142618854716noreply@blogger.com1