Westcott Express Co - Stock Certificate
Inv# GS1270
Stock
Express Company Stock. NY. Company bought out by American Express. Female portrait with unusual hat. Unissued. Rare!!!
Westcott Express was taken over by American Express in 1904. At the time of the take over, a very few certificates were signed by James C. Fargo. All others bear the signature of Smith as President. The company was a freight operation in 1907 and it became a cab service in 1915 when it was dissolved.
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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