Central States Electric Corp. - Stock Certificate
Inv# US1017 Stock
New York
Virginia
Stock printed by American Bank Note Company. Please specify color.
The Central States Electric Corporation was incorporated in Virginia in 1912 as a holding company with power among other things to acquire and own stocks and other securities of electric power, electric light, gas, and other public utility companies.
The company was based in Richmond and was founded by Harrison Williams. Williams abandoned an unsuccessful bicycle manufacturing business in Lorain in 1903. He went to New York City and took a job with a carpet sweeper company.
In 1906 he created American Gas & Electric Co., and six years later created another holding company, Central States Electric Corp.
During World War I he served as an assistant to Bernard Baruch, at the War Industries Board, in Washington DC, through Baruch he was introduced to attorney John Foster Dulles, who represented Williams throughout his business career.
The company filed for bankruptcy in 1942. (Reference from the GhostsofWallStreet.com)
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.
Ebay ID: labarre_galleries