Allied Chemical Corp - Stock Certificate
Inv# GS1008 Stock
New York
General Stock. Beautiful vignette of female figure in center with male figure at each side. Engraved by American Bank Note Co.
Allied Corp. was a major American company with operations in the chemical, aerospace, automotive, oil and gas industries. It was initially formed in 1920 as the Allied Chemical and Dye Corporation as an amalgamation of five chemical companies. In 1958, it was renamed Allied Chemical Corporation when it diversified into oil and gas exploration. Allied Chemical then became Allied Corporation in 1981. In 1985, Allied merged with the Signal Companies to become AlliedSignal. AlliedSignal would eventually acquire Honeywell in 1999 and then adopt its name.
During World War I, Imperial Germany controlled much of the world's chemical production. This resulted in critical shortages of certain dyes, drugs and especially ammonia, a vital compound used to make fertilizers and explosives.
In 1920, publisher Eugene Meyer and noted chemist William Ripley Nichols founded Allied Chemical and Dye Corporation in order to address this shortcoming in American industrial production. Allied was an amalgamation of five existing companies with a total capitalization of $175,000,000, including Barrett Chemical Company (est. 1858), General Chemical Company (est. 1899), National Aniline & Chemical Company (est. 1917), Semet-Solvay Company (est. 1895), and the Solvay Process Company (est. 1881). All manufacturing was consolidated in Buffalo, and much attention was given to improving the processes hastily introduced during World War I. Allied's first venture into new markets was the construction of a synthetic ammonia plant near Hopewell, Virginia in 1928. This would soon become the world's largest producer of ammonia. https://en.wikipedia.org/wiki/Allied_Corporation
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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