American Railway Equipment Co. - Unissued Railroad Supply Stock Certificate

Inv# RS5478 Stock

State(s): New Jersey

Years: 19--

Unissued Stock printed by Western Bank Note Co., Chicago. Pretty stock! From https://fraser.stlouisfed.org/files/docs/publications/cfc/cfc_18990520.pdf:

American Railway Equipment Co. — Consolidation-
Prospectus.—This company will presently be organized
under the laws of New Jersey, to acquire the following companies furnishing patented articles for freight cars:
Chicago Railway Equipment Co.
National Hollow Brake Beam Co.
American Brake Beam Co.
Sterlingworth Railway Supply Co. Easton, PA
Monarch Brake Beam Co. Limited, Detroit, MI
Sargent Co. Chicago, IL
American Brake Shoe Co.
Shickle Harrison and Howard Iron Co. St. Louis, MO
Cloud Steel Truck Co. Chicago, IL
Standard Car Truck Co. Chicago, IL
Simplex Railway Appliance Co. Chicago, IL
Common Sense Bolster Co. Chicago, IL
Chicago-Cleveland Car Roofing Co. Chicago, IL & Cleveland, OH
C. B. Hutchinson & Sons, Detroit, MI
P. H. Murphy Manufacturing Co. East St. Louis, MO
National Railway Specialty Co. Chicago, IL
Q. & O. Company Chicago, IL
MiGuire Manufacturing Co. Chicago, IL
McCord & Co. Chicago, IL

Negotiations are reported pending for the acquisition of additional properties.

The authorized capital stock of the new company, it is stated, will be $12,000,000 common and $10,000,000 percent preferred stock. Of these amounts the immediate issue, it is iinderstood, will be $9,730,000 of common and $7,730,000 of preferred. Subscriptions received through the Illinois Trust & Savings Bank of Chicago, it is stated, exceed the amount offered. Professional accountants are examining the books of the various companies, and it is expected that the new company can begin business about June 1. Charles L. freer is promoting the enterprise. The President it. is stated, will be a Chicago man, and the general office will be in that city.

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Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.

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