Waltham Watch Co - Pair of Stock Certificates - Two (2) Certificates
Inv# CO1001A Stock
Massachusetts
Pair of Stock Certificates dated 1920-50’s, MA and CT. Stocks. Important and Popular watchmaker. American Bank Note. One with vignette and one without. Various colors. Excellent Condition. Scarce!
The Waltham Watch Company, also known as the American Waltham Watch Co. and the American Watch Co., produced about 40 million watches, clocks, speedometers, compasses, time fuses, and other precision instruments between 1850 and 1957. The company's historic 19th-century manufacturing facilities in Waltham, Massachusetts have been preserved as the American Waltham Watch Company Historic District.
In 1850, at Roxbury, Massachusetts, David Davis, Edward Howard, and Aaron Lufkin Dennison formed the company that would later become the Waltham Watch Company. Their revolutionary business plan was to manufacture the movement parts of watches so precisely that they would become fully interchangeable. Based upon the experience of earlier failed trials, Howard and Dennison eventually perfected and patented their precision watch making machines, creating what has been called the American System of Watch Manufacturing.
The original name of the company, which began operations in 1851, is unclear. Some sources say the name was the "American Horologe Company". However, in 1886, Dennison stated that the first company name was the Warren Manufacturing Company, named for General Warren of Roxbury, a famous soldier of the War of Independence. The word "watch" was specifically omitted to retain secrecy of the novel operation. Read more at https://en.wikipedia.org/wiki/Waltham_Watch_Company
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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