100 Pieces of Washington Gas Light Co. dated 1960's-70's - 100 Stock Certificates!
Inv# WW1008 StockVirginia
The company dates to 1848. Today, 19th-century traces of the company include the Civil War-era aqueduct across Rock Creek Park between Georgetown and Foggy Bottom and the gas and electric street lamps installed nearby. Washington, D.C., was decades slower than some other eastern U.S. cities to move from candles or oil to natural gas for lighting. Baltimore was first, in 1816; New York City was partially lighted with gas in 1825. In 1840, when a gas company for Washington remained only a proposal, a U.S. Senate document argued for gas' salutary effect on the local economy: "fancy and other stores would introduce this light, and thus add to the cheerfulness of the public ways." Read more at https://en.wikipedia.org/wiki/WGL_Holdings
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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