United States Lines Co. - 1942 dated Preferred Shipping Stock Certificate
Inv# SS1206 Stock
Stock printed by Hamilton Bank Note, New York. United States Lines was the trade name of an organization of the United States Shipping Board (USSB), Emergency Fleet Corporation (EFC) created to operate German liners seized by the United States in 1917. The ships were owned by the USSB and all finances of the line were controlled by the EFC. Among the notable ships of this period was Leviathan, a contender for largest ship in the world for a time. Eventually the line was sold and went private to continue operating as a transatlantic shipping company that operated cargo services from 1921 to 1989, and ocean liners until 1969—most famously, United States.
United States Lines was the trade name of the United States Shipping Board's Emergency Fleet Corporation (EFC) organization created to operate the large German liners seized by the United States in 1917. By 1925 the corporation operated ex-German liners Leviathan, George Washington, America, Republic and the USSB built ships President Roosevelt and President Harding in service between New York and Europe. On 15 November 1921 the line began operating from piers 3 and 4 at the USSB's Hoboken Terminal which had been the Hamburg America Line facilities in Hoboken, New Jersey seized by the United States and, during the war, operated by the Army as the Hoboken Port of Embarkation. The USSB engaged in advertising of the line and its ships through agencies using a "coupon" system to collect names and addresses of interested persons for direct mailings. All the line's funds were managed by the USSB Treasurer. Read more at https://en.wikipedia.org/wiki/United_States_Lines
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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