Ambrose Diehl Electric Co. - 1924 dated Stock Certificate - Uniontown, Pennsylvania
Inv# US1174 Stock
Stock printed by Broun-Green Co., N.Y. Uniontown is the largest city in and the county seat of Fayette County, Pennsylvania, United States, 46 miles (74 km) southeast of Pittsburgh. The population was 9,984 at the 2020 census. It is part of the Pittsburgh metropolitan area.
10 miles (16 km) southeast of Uniontown is Fort Necessity, built by George Washington during the French and Indian War (part of the international Seven Years' War) as well as the site of the Battle of Jumonville Glen, where the North American branch of the war began.
Uniontown was founded in 1776 as "the Town of Union" by Henry Beeson, a Quaker born in Virginia in 1743 who had settled in the area in 1768, buying tracts of land and running a sawmill. On July 4 (coincidentally, the same day the United States Declaration of Independence was adopted), Beeson published a plat of quarter-acre plots near his mill to be allocated by lottery on July 20 to purchasers prepared to build houses on them. Read more at https://en.wikipedia.org/wiki/Uniontown,_Pennsylvania
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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