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Rexall Drug, Inc. - American Drugstores Chain Stock Certificate

Inv# MP1029   Stock
State(s): California
Delaware
Massachusetts
New York
Years: 1949 or 1950
Color: Green

Stock printed by American Bank Note Company. Rexall was a chain of American drugstores, and currently is the name of their store-branded products. The stores, having roots in the federation of United Drug Stores starting in 1903, licensed the Rexall brand name to as many as 12,000 drug stores across the United States from 1920 to 1977. (The "Rex" in the name was derived from the name of Ellen M. Regis, who developed "Rexall remedies" and from whom the company purchased the mark.)

In 1903, Louis K. Liggett persuaded 40 independent drug stores to invest $4,000 in a retailers' cooperative called United Drug Stores, which sold products under the Rexall name. After World War I, the cooperative established a franchise arrangement whereby independently owned retail outlets adopted the Rexall trade name and sold Rexall products. The company was based in Boston, in an area now occupied by Northeastern University.

The Rexall Train of March to November 1936 toured the United States and Canada to promote Rexall drug store products, and to provide the equivalent of a national convention for local Rexall druggists without the cost of travel. Free tickets for locals to see displays of Rexall products were available at local Rexall drug stores. The 29,000 mile tour visited 47 of the 48 contiguous states (omitting Nevada) and parts of Canada. The blue-and-white train of 12 air-conditioned Pullman cars with displays in 4 cars, convention facilities in 4 cars and a dining car was hauled by a streamlined 4-8-2 Mohawk locomotive, No. 2873 from the New York Central Railroad. It was the million-dollar brainchild of Louis Liggett, who travelled in the rear observation car. Read more at https://en.wikipedia.org/wiki/Rexall

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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: $35.00