Berkshire Glass Co. - Stock Certificate
Inv# GS6246 Stock
Stock. Boston, Massachusetts.
The Cheshire Crown Glass Company was established in 1812 in Cheshire, Massachusetts to take advantage of the high-quality sand (silica) in the area. The company was organized by Darius Brown, John Brown, John D. Leland, Ambrose Kasson, and John Hunt, and incorporated in an act approved by Massachusetts Governor Marcus Morton on February 25, 1815. The capitalist behind the company, Captain Daniel Brown (father to Darius and John), ran a store and distillery in conjunction with the glass works.
The company produced crown glass for windows, using sand from the "Lane bed" in nearby Lanesborough, Massachusetts. However, the company was not successful, and closed down only a few years later in 1816. Unknown to the owners of the Cheshire Crown Glass Company, the factory was built over sand of even finer quality than that of the Lane bed. This bed of sand was discovered under the ruins of the factory in 1845, and led to the founding of the Berkshire Glass 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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