E.P. Burton Lumber Co - 1910's dated Charleston, South Carolina Unissued Lumber Stock Certificate
Inv# GS1102 Stock
General Stock. Gorgeous large format stock from the scarce state of SC. Unique vignette of a steam train coming out of pine woods. Unissued. Rare!!!
Since the early 20th century, the section of unincorporated Charleston County that later became North Charleston had been designated by Charleston business and community leaders as a place for the development of industry, military and other business sites. The first industry started in this area was the E.P. Burton Lumber Company. In 1901, the Charleston Naval Shipyard was established with agreements between the federal government and local Charleston city leaders. Shortly thereafter, the General Asbestos and Rubber Company (GARCO) built the world's largest asbestos mill under one roof.
In 1912, a group of businessmen from Charleston formed a development company that bought the E.P. Burton Lumber Company tract and began to lay out an area for further development. The Park Circle area was one of the first to be designed and developed, allocating sections for industrial, commercial, and residential usage. Park Circle was planned as one of only two English Garden Style communities in the US, and most of the original planning concept remains today. Some of the streets in the area still bear the names of these original developers: Durant, Buist, Mixon, Hyde, and O'Hear. During World War II, substantial development occurred as the military bases and industries expanded, increasing the personnel assigned there. New residents moved to the region to be closer to their work. Read more at https://en.wikipedia.org/wiki/North_Charleston,_South_Carolina
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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