Underground Electric Cable Co. - 1883 dated Stock Certificate
Inv# US1167 Stock
Stock printed by Henry Seibert & Bro., N.Y. Keene, New Hampshire. Scarce State! In civil engineering, undergrounding is the replacement of overhead cables providing electrical power or telecommunications, with underground cables. It helps in wildfire prevention and in making the power lines less susceptible to outages during high winds, thunderstorms or heavy snow or ice storms. An added benefit of undergrounding is the aesthetic quality of the landscape without the powerlines. Undergrounding can increase the capital cost of electric power transmission and distribution but may decrease operating costs over the lifetime of the cables.
Early undergrounding had a basis in the detonation of mining explosives and in undersea telegraph cables. Electric cables were used in Russia to detonate mining explosives in 1812, and to carry telegraph signals across the English Channel in 1850. With the spread of early electrical power systems, undergrounding began to increase as well. Thomas Edison used underground DC “street pipes” in his early electric power distribution networks; they were insulated first with jute in 1880, and progressed to rubber insulation in 1882. Read more at https://en.wikipedia.org/wiki/Undergrounding#Comparison
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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