Lake Torpedo Boat Co. Signed by Simon Lake - 1915-1920 dated Autograph Stock Certificate
Inv# AG1035 Stock
Maine
Simon Lake (September 4, 1866 – June 23, 1945) was a Quaker American mechanical engineer and naval architect who obtained over two hundred patents for advances in naval design and competed with John Philip Holland to build the first submarines for the United States Navy. Born in Pleasantville, New Jersey on September 4, 1866. Lake joined his father's foundry business after attending public schools in New Jersey and Pennsylvania. Lake had a strong interest in undersea travel.
He built his first submarine, Argonaut Junior, in 1894 in response to an 1893 request from the US Navy for a submarine torpedo boat. In 1898 he followed up with the 36-foot (11 m) Argonaut 1, which he sailed from Norfolk, Virginia for one thousand miles (1,600 km) to Sandy Hook, New Jersey (which is actually 250 miles (400 km) north of Norfolk), arriving in November of 1898. As a result of lessons learned on that journey, he rebuilt it into the 60-foot (18 m) Argonaut 2. Read more at https://en.wikipedia.org/wiki/Simon_Lake
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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