Sangamo Electric Co. - Specimen Stock Certificate
Inv# SE3009 Specimen Stock
Specimen Stock printed by American Banknote Company.
John W. Bunn was an active participant in the development of industrial production of pocket watches for the railroads, and served as a founder, director, and Vice President of the Illinois Watch Company of Springfield, Illinois. The Illinois Watch Company, a globally significant corporation with respect to the railroad logistics industry, operated branch corporate offices in New York City, Chicago, and San Francisco. The assets of the Illinois Watch Company were sold, during 1927 and 1928, to the Hamilton Watch Company of Lancaster, Pennsylvania for a sum in excess of $5 million. John Whitfield Bunn also worked with Jacob Bunn and Benjamin Hamilton Ferguson in the management of the Illinois Watch Company. The Illinois Watch Company was estimated by one source to have paid out nearly $20 million in employee wages by approximately 1920.
The Sangamo Electric Company was organized on 11 January 1899 in Springfield, Illinois, by Jacob Bunn Jr., Henry Bunn, Robert Carr Lanphier, and inventor Ludwig Gutmann. The corporation grew institutionally as a division of the Illinois Watch Company, and developed global presence in the electric metering industry and defense industries. By the middle of the 1920s, Sangamo Electric had manufactured more than 5,000,000 electric meters. Sangamo made many important contributions to national defense during World War II, and developed the mercury watthour meter (1905), the sulphur-impregnated cylindrical paper condenser meter, different types of magnetos, amperehour meters, and the Delco amperehour meter for the first electric starters used in automobiles. The company eventually had a presence in nearly every major country of the world by 1939. Sangamo Electric Company made many major contributions to the aircraft components industries of the United States, and Henry Bunn, the son of Jacob Bunn Sr., was an aviator and entrepreneur whose vision for Sangamo Electric was crucial to the entrance of the company into the aviation industry. Furthermore, Sangamo Electric Company acquired Capitol Aviation, Inc., a general fixed-base operator (FBO) with offices throughout the United States.
The name and logo of Sangamo Electric has been reborn with Sangamo BioSciences, founded by Edward Oliver Lanphier II, great-grandson of Sangamo Electric founder Robert Carr Lanphier Sr.
Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firm’s products. These are usually marked "Specimen" and have no serial numbers.
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