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Smith Brothers, Inc. signed by Arthur G. Smith - Autograph Stock Certificate

Inv# AG2008   Stock
Smith Brothers, Inc. signed by Arthur G. Smith - Autograph Stock Certificate
State(s): New York
Years: 1920

Stock signed by Arthur G. Smith, son of William of the famed Smith Brothers cough drops. Also included are 3 letters.

The Smith Brothers were makers of the first cough drops produced and advertised in the United States, becoming one of the most famous brands in the country in its day. William Wallace Smith I (1830–1913) and Andrew Smith (1836–1895) were the sons of James Smith (c1800-1866) of Poughkeepsie, New York. James' family had emigrated from Fife, Scotland, to Canada in 1831, and James from St. Armand, Quebec, to the U.S. in 1847. In New York, James opened an ice cream shop called "James Smith and Son."

James Smith bought a cough drop recipe from a journeyman peddler named Sly Hawkins and in 1852 made his first batch of "Smith Brothers Cough Drops". William and Andrew took over the business after their father died in 1866. Originally the drops were sold from glass jars on countertops. To prevent drug stores from selling generic versions the company began packaging drops in branded boxes in 1872.

To distinguish their drops from imitators, the bearded brothers created a logo featuring their portraits and stamped it on their boxes. When trademarked in 1877 the word "Trade" appeared under the picture of William and the word "Mark" under Andrew's. It followed the brothers became known as Trade and Mark, nicknames that stick to this day. Of the brothers, William Smith was the dominant, community-minded and a prohibitionist. He was known for such quirks as keeping financial records on the backs of used envelopes. He ran for public office several times and was a generous local philanthropist who assessed his brother Andrew for half of all charitable donations whether he knew of them or not.

Andrew, on the other hand, was known as the more amiable brother and not a tee-totaller. The company's staunch defense of its trademark made the Smiths' faces among the most famous in America, the subject of editorials, comics, and cultural references. Andrew Smith died in 1895, and William continued as company president until he died in 1913. William was succeeded by his son, Arthur G. Smith (c1875-1936), who expanded the company by adding menthol drops in 1922, cough syrup in 1926, and wild cherry drops in 1948. Arthur G. Smith had two sons: William Wallace Smith II (1888–1955) and Robert Lansing Smith (1891–1962). William Wallace Smith II was born in Poughkeepsie N.Y.

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Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $113.00