Mergenthaler-Horton Basket Machine Co. - dated 1906 Dividend Certificate

Stock printed by J.W. Young, New York. Scrip Dividend Certificate Number Two. James Ogilvie Clephane (February 21, 1842 – November 30, 1910) was an American inventor, bar-admitted stenographer who served in Abraham Lincoln's cabinet, and venture capitalist in both Washington, D.C., and New York City. He was involved in improving, promoting and supporting several inventions during the Gilded Age, including the typewriter, the graphophone, and the linotype machine. He has been called the "father of the linotype machine", and the development of mechanical typesetting, including the first typewriter, was largely due to his initiative and investment. He is known as the "unsung hero of the development of the typewriter and Linotype."

Besides the typewriter and the linotype machine, he was also involved in the development of the graphophone and served on the board of directors of Columbia Records, making "one of the leading phonographers of the country". In addition, he was also a director in the Locke Steel Belt Company, the Linomatrix Machine Company, the National Typographic Company, the Aurora Mining Company, the Horton Basket Machine Company, the Fowler-Henkle Printing Press Company, the Oddur Machine Company, in several of which he was the president. He also published some travel literature. Read more at https://en.wikipedia.org/wiki/James_O._Clephane