Liquid Air, Power and Automobile Co. - 1899 dated Automotive Stock Certificates
Inv# AS1222 Stock
Stock printed by Goes. Interesting Title! 40 cents revenue stamp! Early! Liquid Air represented a brand of automobile envisioned by the Liquid Air Power and Automobile Company, based in Boston and New York City, in the year 1899. The company secured a manufacturing site in Boston, Massachusetts, that same year, asserting their intention to develop a vehicle capable of traveling one hundred miles using liquid air as fuel. However, by 1901, the company had entered receivership, reporting a declared capital stock of $1,500,000 while possessing assets amounting to merely $7,500.
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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