Union Mutual Insurance Co. - Stock Certificate
Inv# IS1060 Stock
Scrip Dividend Certificate. Stamp cancelled. Three great vignettes including a ship, a sailor and an eagle with flag by American Bank Note. Excellent Condition. In relation to this company, Francis Wood Carpenter (June 24, 1831 – December 1, 1922) was a prominent businessman and steel merchant in Providence, Rhode Island. He was born in Seekonk, Massachusetts to Edmund Carpenter, a blacksmith, and Lemira Tiffany Carpenter. He was a direct descendant of William Carpenter, who came to Rhode Island in 1638. He attended Seekonk Academy and prepared for college, but instead became an apprentice under Gilbert Congdon.
From 1892 until his death, he was the president of Congdon & Carpenter Company, an iron and steel company which was founded in 1792, and operated in Providence into the 1980s. He was also the president of the Rhode Island Perkins Horse Shoe Company, the Quidnick Manufacturing Company, the Boston District Messenger Company, the Postal District Messenger Company of Providence, and the American National Bank. He was a director of the Peoples Savings Bank in Providence, the Corliss Safe and Vault Door Company, the Providence Washington Insurance Company, and the Union Mutual Insurance Company. He was a President of the Providence Commercial Club and of the Providence YMCA. Read more at https://en.wikipedia.org/wiki/Francis_W._Carpenter
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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