American Standard Inc. - Stock Certificate
Inv# GS1023 Stock
New Jersey
New York
General Stock printed by Security-Columbian Banknote Company. Worker posed with diesel locomotive, mosler safe dial, truck & home construction. Please specify color.
American Standard Companies, Inc. was a global manufacturer of plumbing, heating, ventilating and air conditioning (HVAC) systems and services, bath and kitchen products and vehicle control systems. The company was formed in 1929 through the merger of the American Radiator Company and Standard Sanitary Manufacturing Company forming the American Radiator and Standard Sanitary Corporation. The group was renamed to the "American Standard Corporation" in 1967. The company divested all but the HVAC business in 2007, and renamed itself Trane. Trane was acquired by Ingersoll Rand in 2008.
In 1929, the American Radiator Company (founded 1892) merged with the Standard Sanitary Manufacturing Company (founded in 1875) to form the American Radiator and Standard Sanitary Corporation (as mentioned above in bold). The plumbing division, Standard Sanitary, would continue to sell their products under the "Standard" label until 1967, when the company changed its name to American Standard Corporation. The American Standard label was used for both divisions from that year on. In 1929, American Standard bought the Kewanee Toilet Boiler Company, which it kept until the early 1970s. Read more at https://en.wikipedia.org/wiki/American_Standard_Companies
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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