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Elgin National Watch Co. - 1920's-30's dated Timepiece Stock Certificate - Watch Maker from 1864 to 1968

Inv# GS1106   Stock
State(s): Illinois
Years: 1920's-30's
Color: Green

General Stock printed by Western Bank Note Company, Chicago. Very famous watch makers. Small vignette of figure holding a clock and another of an eagle perched on a clock. Rare! Important!!! The Elgin National Watch Company, commonly known as Elgin Watch Company, was a major US watch maker from 1864 to 1968. The company sold watches under the names Elgin, Lord Elgin, and Lady Elgin. For nearly 100 years the company's manufacturing complex in Elgin, Illinois, was the largest site dedicated to watchmaking in the world. The company was first incorporated in August 1864 as the National Watch Company, in Chicago, Illinois, by Philo Carpenter, Howard Z. Culver, Benjamin W. Raymond, George M. Wheeler, Thomas S. Dickerson and W. Robbins. In September of the same year the founders visited the Waltham Watch Company in Waltham, Massachusetts, and successfully convinced seven of Waltham's watchmakers to come to work for their new company.

The growing young city of Elgin, Illinois, some 30 miles northwest of Chicago, was chosen as the factory site. Initially, as part of the deal, the city was asked to donate 35 acres (142,000 m²) of land for construction of the factory. A derelict farm was selected for this, however the owners refused to sell the property unless the city purchased their entire 71 acres for $3,550. Four Elgin businessmen agreed to purchase the property and then donated the required 35 acres to the watch company. The company was re-organized in April 1865 and the factory was completed in 1866. The first movement, delivered in 1867, was named the B.W. Raymond in honor of Benjamin W. Raymond. The watch was an 18 size, full plate design. In 1869, the National Watch Company won "Best Watches, Illinois Manufacture" at the 17th Annual Illinois State Fair, for which it won a silver medal. The company officially changed its name to the Elgin National Watch Company in 1874, as the Elgin name had come into common usage for their watches. Read more at https://en.wikipedia.org/wiki/Elgin_National_Watch_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.
Price: $45.00