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American Salvage Co. - Gorgeous Underwater Vignette - Stock Certificate

Inv# SS1214   Stock
American Salvage Co. - Gorgeous Underwater Vignette - Stock Certificate
State(s): New Jersey
Years: 1907
Color: Green

Stock. Outstanding vignette!

The SS Charles S. Price was a steel-hulled ship lost on Lake Huron on November 9, 1913 during the Great Lakes storm of 1913. Twenty eight lives were lost.

The Price was found on 10 November 1913 with her bow above water, and her stern dipping below. Because of her disposition, the ship's length could not be measured to make a positive identification of the vessel: the wreck was initially assumed to be the Regina. The vessel was eventually identified as the Price before she sank on 17 November.

The salvage rights to the Price were sold to the Great Lakes Towing and Wrecking company. In the summer of 1916, salvage of the Price was attempted. Divers cut a hole in the side of the aft hull. The hole allowed divers to enter the wreck. They attempted to seal breaks in the hull and built bulkheads so that the wreck could be floated. However, salvaging the wreck was eventually considered too costly to be worth the expense and the Great Lakes Towing and Wrecking company abandoned attempts to raise her.

Salvage rights were eventually sold to the American Salvage Co., but they too were unable to salvage the wreck.

Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $335.00