Charles Weeghman Corp. - 1923 dated Stock Certificate - Very Important History
Inv# GS6832 StockStock printed by Franklin Lee Division - American Bank Note Co. Charles Henry Weeghman (March 8, 1874 – November 1, 1938) was an American entrepreneur in the restaurant industry and a sports executive. He commenced his career in 1901 by establishing quick-service lunch counters across downtown Chicago. After an unsuccessful attempt to purchase the St. Louis Cardinals baseball team in 1911, he became one of the founding members of the Federal League in 1913, taking on the role of owner for the Chicago Whales. In 1914, he constructed the baseball stadium that would eventually be recognized as Wrigley Field. Following the dissolution of the Federal League, Weeghman secured a majority stake in the Chicago Cubs. Upon gaining control of the team, he relocated it to what was then known as Weeghman Park. However, his restaurant business began to decline as he devoted considerable time and resources to baseball, coinciding with a national shift away from "one-arm" lunch counters. In 1919, he lost ownership of the Cubs to William Wrigley Jr., who subsequently renamed the stadium. His later business endeavors did not succeed, and in his final years, he served as the assistant manager of a restaurant in New Jersey.
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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