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Edison Portland Cement - Transferred to Thomas A. Edison, Inc. - 1900-1920's dated New Jersey Stock Certificate

Inv# AG1217   Stock
State(s): New Jersey
Years: 1900-1920's
Color: Brown and Black

Stock Transferred to "Thomas A. Edison, Inc." or Thomas A. Edison Incorporated or just Thomas A. Edison (Not signed). Edison merged 40 companies into this one company. Beautiful stock with a young portrait of Edison by American Bank Note. Stub at left border. Most have revenue stamps on back. Great!!!

Thomas Edison founded the Edison Portland Cement Company in 1899 in New Village, New Jersey, after a failed iron ore mining venture. Recognizing the potential of sand waste from his ore-crushing operations as a concrete ingredient, Edison retrofitted his machinery and rock-crushing technology to manufacture cement. He introduced several groundbreaking innovations, notably the installation of long, rotating kilns that were 150 feet in length—nearly double the industry standard of 60 to 80 feet—which significantly boosted production efficiency. However, the company faced financial instability in its early years due to Edison’s decision to license his kilns to competitors, which saturated the market and led to price reductions.

The company gained significant recognition for Edison’s ambitious yet largely unsuccessful attempt to mass-produce “single-pour” concrete houses. He designed intricate cast-iron molds capable of forming an entire two-story home, including the roof, walls, and even bathtubs, in a single continuous pour. However, the immense cost and weight of these molds deterred builders. Despite only a few of these homes being constructed, the company secured a major contract in 1922 to supply approximately 45,000 barrels of cement for the construction of the original Yankee Stadium. Remarkably, the resulting concrete proved so durable that it remained largely untouched during the stadium’s 1970s renovations. Amidst the hardships of the Great Depression, the Edison Portland Cement Company was dissolved in December 1931 and succeeded by the Edison Cement Corporation, which continued operations until June 1942.

Thomas A. Edison, Incorporated, initially known as the National Phonograph Company, served as the primary holding entity for the various manufacturing firms founded by the inventor and entrepreneur Thomas Edison. This company succeeded the Edison Manufacturing Company and was active from 1911 until 1957, when it merged with McGraw Electric to create McGraw-Edison.

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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: $140.00