West Indies Sugar Corporation - 1940's-50's dated Sugar Refining Stock Certificate - Connections to the Dominican Republic
Inv# FS1090 Stock
Stock printed by E.A. Wright Bank Note Co., Phila. Nice vignette of sugar cane in a circle surrounded by an eagle and two seated females. Nice quality and scarce! In the Dominican Republic, the two largest corporations were the South Porto Rico Company which owned 150,000 acres and West Indies Sugar Corporation who owned 100,000 acres. Read more at https://en.wikipedia.org/wiki/History_of_the_Dominican_Republic
Basil O'Connor (January 8, 1892 – March 9, 1972) was an American lawyer. In cooperation with U.S. President Franklin D. Roosevelt he started two foundations for the rehabilitation of polio patients and the research on polio prevention and treatment. From 1944 to 1949 he was chairman and president of the American Red Cross and from 1945 to 1950 he was chairman of the League of Red Cross Societies. Basil O'Connor did his undergraduate work at Dartmouth College and graduated from Harvard Law School, then was admitted to the bar to practice law in 1915. For one year he worked in New York for the law firm of Cravath & Henderson, and for the next three years for Streeter & Holmes in Boston. In 1919 he founded his own law firm in New York.
In 1920 O'Connor met Franklin D. Roosevelt, who was running for Vice President on the Democratic ticket. O'Connor became his legal advisor. In 1924 the two men associated in their own law firm which existed until Roosevelt's first Presidential inauguration in 1933. Beginning in 1934 O'Connor was senior partner in the law firm of O'Connor & Farber. He was also executive manager of a number of companies, among them the New England Fuel Oil Corporation in the 1920s, and the American Reserve Insurance Corporation and the West Indies Sugar Corporation in the 1940s. Read more at https://en.wikipedia.org/wiki/Basil_O%27Connor
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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