Barcelona Traction, Light and Power Co., Ltd - 1900's-30's dated Spanish Railway Stock Certificate
Inv# FS1106 Stock
Share Warrant to bearer for 1 Share of $100 in Gold. Printer-Waterlow & Sons Ltd., London. Many coupons at right. Very attractive!!! Great for framing!!!
The Barcelona Traction, Light & Power Company (BTLP), locally known as "La Canadiense" in Spanish & "La Canadenca" in Catalan ("The Canadian"), was a Canadian utility company that operated in Catalonia, Spain. It was incorporated on September 12, 1911, in Toronto, Ontario, Canada, by Frederick Stark Pearson & developed by Belgian-American engineer Dannie Heineman. Although it operated in Spain, the company was primarily owned by Belgian holding companies SOFINA & SIDRO. BTLP became notable in international law due to the landmark International Court of Justice case, Belgium v. Spain (1970).
In 1919, a conflict involving BTLP's subsidiary, Riegos y Fuerzas del Ebro, & eight office workers escalated into a 44-day general strike called by the Anarcho-Syndicalist National Confederation of Labour (CNT). The strike effectively paralyzed Barcelona & 70% of Catalonia's industry. The strike ended in a significant victory for the labor movement, resulting in the establishment of an eight-hour workday across Spain, the release of imprisoned workers w/out pending charges, wage increases for BTLP employees, & half-pay compensation for the time spent on strike.
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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