Walch Fire Arms Co. - 1859 dated Stock Certificate
Inv# GN1035
Stock
Stock printed by Isaac Hirsch & Co., N.Y. Certificate #35! Graphically impressive this important arms stock is so very important! The only example we've seen over our 40+ years of specializing in stocks and bonds.
Walch Fire Arms Co. was the trademark created by John Walch. Walch held patents on the superposed load revolvers which were manufactured by the Union Knife Co. (Navy Model) located in Naugatuck, CT and the New Haven Arms Co. (Pocket Model) located in New Haven, CT. Located in New York, NY, circa 1859-1862.
The Walch Revolver is a .36 caliber cap and ball black powder revolving action handgun, designed by Walch Firearms & Co. The revolver was patented in 1859 by John Walch. The revolver has two variants; a five-chamber model and a six-chamber model. Each variant is capable of firing two shots per chamber, when completely loaded. There are two hammers, and depending on the model, one or two triggers. Roughly 200 Walch Revolvers were produced between 1859 and 1862, making them quite rare.
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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