Waltham National Bank - dated 1879-1899 Banking Stock Certificate - Waltham, Massachusetts
Inv# BK1066
Stock
Stock printed by American Bank Note Co., NY & Boston. Rare!! Waltham is a city in Middlesex County, Massachusetts, United States, and was an early center for the labor movement as well as a major contributor to the American Industrial Revolution. The original home of the Boston Manufacturing Company, the city was a prototype for 19th century industrial city planning, spawning what became known as the Waltham-Lowell system of labor and production. The city is now a center for research and higher education, home to Brandeis University and Bentley University as well as industrial powerhouse Raytheon Technologies. The population was 65,218 at the census in 2020. Read more at https://en.wikipedia.org/wiki/Waltham,_Massachusetts
The Metz Company was a pioneer brass era automobile maker established by Charles Herman Metz in Waltham, Massachusetts, from 1909 to 1922. The post-war depression caused a dire financial condition and Metz was taken over by the Waltham National Bank. They reorganized the company and renamed it the Motor Manufacturers Incorporated of Waltham. The Metz Master 6 was renamed the Waltham Six, which sold for $2,450 and was produced in 1922 only. This restructuring attempt failed, and Charles Metz filed for Bankruptcy in August 1922. Read more at https://en.wikipedia.org/wiki/Metz_Company
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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