Foote Bros. Gear and Machine Co. - 1930 dated Stock Certificate
Inv# GS6652 Stock
Stock printed by American Bank Note Company. Available in Brown or Olive. Please specify color. Foote Bros. was originally incorporated in Chicago in 1859. The company produced a variety of gears, couplings, speed reducers and tractor transmissions. In the 1920s, Foote Bros. was located at 213 North Curtis Street in Chicago, but by World War II the factory had moved to the burgeoning industrial corridor in the Brighton Park community area at 5225 South Western Boulevard. Foote Bros. produced gears for Pratt and Whitney engines used in military planes and in blimps that flew over U.S. Naval convoys, alerting them to approaching submarines and other enemy craft. In 1962, the company merged with Hewitt-Robins. Read more at https://ghostsofwallstreet.com/products/foote-bros-gear-and-machine-co#historical-context
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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