Fidelity Fund, Inc. - Specimen Stock Certificate
Inv# SE1782 Stock
Specimen Stock printed by American Bank Note Company.
Edward Crosby Johnson II (1898–1984) was an American businessman and lawyer who founded Fidelity Investments.
Johnson came from a family of New England Puritan ancestry. He graduated from Milton Academy, Harvard College and Harvard Law School and became involved in stock market research in 1924.
Johnson II applied to have the "Fidelity Fund" approved in May 1930; John C. Hull (Securities Director of Massachusetts) approved the "Fidelity Fund" - (FIDELITY FUND, INC. Incorporated in Massachusetts May 1, 1930. as an investment trust of the general management type. Officers: E. C. Johnson, 2d., Pres., E. C. Johnson, 2nd — Vice-Pres. & Treas.) It became Fidelity Investments. During the Great Depression in the United States the "Fidelity Fund" was the only fund approved by Hull.
In 1946, he founded Fidelity Management and Research, and he served as its chairman. He died in Cataumet, Massachusetts of Alzheimer's disease in 1984, and his funeral was held at Milton's Universalist First Parish Church.
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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