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American Writing Paper Co. - 1925 dated Stock Certificate - Turned into Holyoke Shares as well as Neenah Paper Company

Inv# GS5507   Stock
American Writing Paper Co. - 1925 dated Stock Certificate - Turned into Holyoke Shares as well as Neenah Paper Company
State(s): New Jersey
Years: 1925
Color: Orange and Black

Stock, Flaws in Margin.  The American Writing Paper Company was an American pulp and paper producing company trust, primarily manufacturing printing and writing paper. Incorporated in New Jersey in 1899 and representing the merging of 23 rag paper mills, the company held its general offices in Holyoke, Massachusetts which was also the location of 13 of these mills. At its peak output American Writing Paper produced 75% of all fine papers in the United States; contemporary accounts describe it as the largest producer of fine papers in the world.

The company's failings have been described by historical scholars, including Constance McLaughlin Green, as a matter of a lack of technical expertise in management. Rather than forming from within the paper industry, “both the original promoters [of the trust] and the final agents were brokers and not paper manufacturers. The result was that these men were primarily interested in marketing the stocks and bonds, and not one was concerned with the manufacture of paper.” Initially the company board sought papermaker and former congressman William Whiting II to serve as its chief executive. Whiting would decline their offer, and indeed the company was unable to absorb his own namesake company, which would become the largest independent manufacturer of writing paper in the United States contemporarily with the trust.

The American Writing Paper Company would endure multiple labor strikes and two bankruptcies before being entirely liquidated under the name "Holyoke Shares", beginning with reorganization as an investment company under that name in 1963, dissolving by the end of 1970. Today it is best known for its "Eagle A" brand which has since been sold to multiple successors, until it was discontinued in 2007 by the Neenah Paper Company. Read more at https://en.wikipedia.org/wiki/American_Writing_Paper_Company

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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.
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