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Berkey and Gay Furniture Co. - Stock Certificate

Inv# GS6366   Stock
Berkey and Gay Furniture Co. - Stock Certificate
State(s): Michigan
Years: 1946 or 1947

Stock. In 1855, William Berkey arrived in Grand Rapids and founded a mill to manufacture window sashes and other wood building products. He was joined by his brother, Julius, who later began manufacturing what became known as the "Berkey Table." This was highly successful, and soon the Berkey brothers were concentrating on making furniture. The company took on various partners over time, including George W. Gay, who bought an interest in the company in 1866 to form "Berkey Bros and Gay." In 1873, William Berkey withdrew from the company, and Julius Berkey and George W. Gay incorporated to form the Berkey & Gay Furniture Company. In 1874, the new company opened their six-story factory, complete with wholesale and retail showrooms, in Grand Rapids. By 1882, this factory covered three city blocks. The company is known for making Victorian furniture.

George W. Gay, although continuing to be involved with Berkey & Gay, also struck out on his own business ventures. One of these was the Oriel Cabinet Company, which he established in 1880. Oriel Cabinet constructed a factory at this site in the 1880s, but the original factory was destroyed by fire in 1890. In 1892, the company constructed a new factory, which continues to occupy the site. Both Oriel Cabinet and Berkey & Gay continued independently until 1911, when the two companies merged. The Oriel factory became Berkey & Gay's Plant No. 1 following the merger, and an addition was immediately made to the plant in 1912. In 1919 the company further expanded the factory 240 feet north along Monroe Avenue. Read more at https://en.wikipedia.org/wiki/Berkey_and_Gay_Furniture_Company_Factory

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.
Price: $55.00