Bessemer Rolling Mill Co. - Alabama Stock Certificate
Inv# GS1055 Stock
General Stock. Rare state. Elaborate title & borders. No vignette. Rare!!! Also available unissued at a lesser price. Please inquire if interested.
Bessemer is a southwestern suburb of Birmingham in Jefferson County, Alabama, United States. The population was 26,019 at the 2020 census. It is within the Birmingham-Hoover, AL Metropolitan Statistical Area, of which Jefferson County is the center. It developed rapidly as an industrial city in the late 19th and early 20th centuries. In 2019, it was named Alabama's "Worst City to Live in" by 24/7 Wall Street.
The town was founded in the postbellum era by the Bessemer Land and Improvement Company, named after Henry Bessemer and owned by coal magnate Henry F. DeBardeleben. He had inherited Daniel Pratt's investments. The mayor and councilmen voted to incorporate the city of Bessemer on September 9, 1887. Located 16 miles southwest of Birmingham, Bessemer grew rapidly and its promoters believed that it might overtake the other city in economic power.
Given the iron ore, coal and limestone deposits in the area, the city became a center of steelmaking from about 1890 through the 20th century. It attracted rural migrants from across the South, as well as European immigrants. By the 1950s, the city was majority African American in population. The industry went through considerable restructuring in the late 20th century, and jobs moved out of the area. Steel is no longer made there. Read more at https://en.wikipedia.org/wiki/Bessemer,_Alabama
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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