Boston Associates - Stock Certificate

Inv# GS6030 Stock

State(s): Massachusetts

Years: 1900

Stock printed by Boston Bank Note Co.

The Boston Associates were a loosely linked group of investors in 19th-century New England. They included Nathan Appleton, Patrick Tracy Jackson, Abbott Lawrence, and Amos Lawrence. Often related directly or through marriage, they were based in Boston, Massachusetts. The term "Boston Associates" was coined by historian Vera Shlakmen in 1935.

By 1845, 31 textile companies—located in Massachusetts, New Hampshire, and southern Maine—produced one-fifth of all cotton and wool textiles in the United States. With the capital earned through these mills, they invested in railroads, especially the Boston and Lowell. These railroads helped transport the cotton from warehouses to factories. These Boston-based investors established banks—such as the Suffolk Bank—and invested in others. In time, they controlled 40% of banking capital in Boston, 40% of all insurance capital in Massachusetts, and 30% of Massachusetts' railroads. Tens of thousands of New Englanders received employment from these investors, working in any one of the hundreds of their mills.

Mill locations established or improved by the Boston Associates:

Despite being "shrewd, far-sighted entrepreneurs who were quick to embrace...new investment opportunities", the Boston Associates were also "committed to the ideals of the original Protestant ethic and Republican simplicity". Indeed, the members established more than 30 "benevolent societies and institutions" between 1810 and 1840. Their investment in the Boston Manufacturing Company's Lowell Mills project, which Henry Clay called a test for "whether the manufacturing system is compatible with social virtues", epitomized their worldview.

Read Less

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.

OUT OF STOCK

Request re-stock notice?

Email this to a friend

Request Info