THOMAS A. EDISON - STOCK CERTIFICATE ENDORSED 10/02/1906 CO-SIGNED BY: THERON I. CRANE, WALTER S. MALLORY - HFSID 30136
THOMAS A. EDISON The inventor signs a stock certificate transferring 280 shares of The Edison Portland Cement Company to another of his companies, Edison Manufacturing Co., of which he is President.
Sale Price $3,187.50
THOMAS A. EDISON
The inventor signs a stock certificate transferring 280 shares of The Edison Portland Cement Company to another of his companies, Edison Manufacturing Co., of which he is President.
Partly Printed Stock Certificate signed: "Thos A Edison" at lower margin of transfer portion on verso, 1p, 12x8, with 5¼x8 receipt portion affixed at left. No place, 1906 April 14. Certificate No. 280, certifying "that Edison Manufacturing Co. is the owner of Two Hundred and Eighty Shares of the Preferred Capital Stock of The Edison Portland Cement Company...." Capitalization of $12 million (240,000 shares at $50 per share). Engraved portrait of Edison at upper center. Also signed: "WS Mallory" as Vice President and "T.I. Crane" as Assistant Treasurer. Crane has also signed again on receipt stamp on verso. On verso, the stock has been transfered to Edison on October 2, 106. This certificate was cancelled on October 22, 1906 (stamped on front). Prolific American inventor Thomas Alva Edison had organized the Edison Portland Cement Company on April 15, 1899. The plant utilized ore processing equipment developed for Edison's unsuccessful ore milling venture during the 1890s. In the winter of 1901, the inventor supervised construction of the Edison Portland Cement Company works at Stewartsville, New Jersey, near large limestone deposits. An explosion at the company's coal grinding plant in 1903 resulted in the death of eight workers, including Chief Engineer Edward A. Darling, and the closure of the plant for redesign. By 1905, the company produced 3,000 barrels of cement per day. In 1908, Edison signed a cross-licensing agreement with the North American Portland Cement Company for mutual use of important cement patents. By the mid-1920s, the firm was the fourth largest producer of cement in the U.S. Slightly creased with folds, vertical fold at the "N" in Crane. Cancellation holes atlower margin at signatures of Crane and Mallory. Lightly soiled at blank margins, minor stains at blank margins and at receipt portion where it was affixed to the certificate. Pinhead-size hole at blank area on receipt portion, which also bears a stamp and pencil notes (unknown hand). Overall, fine condition.
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