Baxter Electric Light Co. - Stock Certificate
Inv# US1005 Stock
Stock printed by Wm. H. Trafton's Sons. Great Graphics! In the Mills Building. Rare!
Historians Robert Friedel and Paul Israel list 22 inventors of incandescent lamps prior to Joseph Swan and Thomas Edison. They conclude that Edison's version was able to outstrip the others because of a combination of three factors: an effective incandescent material, a higher vacuum than others were able to achieve (by use of the Sprengel pump) and a high resistance that made power distribution from a centralized source economically viable.
Historian Thomas Hughes has attributed Edison's success to his development of an entire, integrated system of electric lighting.
The lamp was a small component in his system of electric lighting, and no more critical to its effective functioning than the Edison Jumbo generator, the Edison main and feeder, and the parallel-distribution system. Other inventors with generators and incandescent lamps, and with comparable ingenuity and excellence, have long been forgotten because their creators did not preside over their introduction in a system of lighting.
— Thomas P. Hughes, in Technology at the Turning Point, edited by W. B. Pickett
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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