Diamond Match Co.- 1929 dated Stock Certificate - The Year of the Great Stock Market Crash
Inv# GS6262 Stock
Stock printed by American Bank Note Company. The Diamond Match Company is a brand of matches and toothpicks, and formerly other wood products and plastic cutlery, that has its roots in a business started in 1853 by Edward Tatnall in Wilmington, Delaware. Ownership passed to William H. Swift and Henry Courtney who operated under the name Swift & Courtney and marketed their product as Diamond State Parlor Matches. Experiencing a boost in business during the American Civil War, Swift & Courtney would acquire other match manufacturers to become the largest match company in the United States. Swift & Courtney was acquired by O. C. Barber in 1880 who rebranded the company Diamond in 1881. Under Barber's ownership, the company would play a major role in developing the city of Barberton, Ohio and spawn the Diamond Rubber Company.
Throughout the twentieth century, Diamond would expand into the forestry business and manufacture other wood and paper products including cotton swabs, ice cream sticks, toothpicks, paper plates, and playing cards. Most of these businesses were divested following the company's 1982 acquisition by James Goldsmith. The match business would continue under the name Diamond Match Company and has been owned by Royal Oak Enterprises since 2017. Read more at https://en.wikipedia.org/wiki/Diamond_Match_Company
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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