Beckwith Sewing Machine Comp. - 1873 dated Stock Certificate - Almost Looks Like Paper Money - Very Rare
Inv# GS2159 Stock
Stock printed by E.S. Dodge & Co., NY. Measures 7 1/2" x 3 3/4". Scarce Topic. A sewing machine is a machine used to sew fabric and materials together with thread. Sewing machines were invented during the first Industrial Revolution to decrease the amount of manual sewing work performed in clothing companies. Since the invention of the first sewing machine, generally considered to have been the work of Englishman Thomas Saint in 1790, the sewing machine has greatly improved the efficiency and productivity of the clothing industry.
Home sewing machines are designed for one person to sew individual items while using a single stitch type at a time. In a modern sewing machine, the process of stitching has been automated, so that the fabric easily glides in and out of the machine. Early sewing machines were powered by either constantly turning a flywheel handle or with a foot-operated treadle mechanism. Electrically-powered machines were later introduced.
Industrial sewing machines, by contrast to domestic machines, are larger, faster, and more varied in their size, cost, appearance, and tasks. Read more at https://en.wikipedia.org/wiki/Sewing_machine
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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