Ensley Land Co. - Enoch Ensley - 1880's to 1900's Alabama Land Stock Certificate
Inv# GS1109 Stock
General Stock printed by American Bank Note Co., New York. Three exciting vignettes - one of a mining town and two others of miners at work in mines. A rare state. Rare!!!
Ensley is a large city neighborhood in Jefferson County, Alabama, United States. It was once a separate and thriving industrial city. It was formally incorporated on February 12, 1899, but later annexed into Birmingham on January 1, 1910, under the "Greater Birmingham" legislation. The community was founded in 1886 by Memphis entrepreneur, Enoch Ensley, as a new industrial city on the outskirts of a rapidly developing Birmingham (then just 15 years old) and directly adjacent to the Pratt coal seam. Zealously promoting and investing his own wealth in the project, Ensley soon attracted the interest of the Tennessee Coal, Iron and Railroad Company (TCI), which bought a controlling interest in the Ensley Land Company. In the first year of development, sanitary engineer Edwin Waring, Jr. of Rhode Island was contracted to lay out the new city's streets and infrastructure, including an early application of separate storm and sanitary sewers. Meanwhile, Ensley and TCI erected four 200-ton blast furnaces which were in operation by April 1889, the largest such grouping in the world. Despite the grand beginning, a series of setbacks began with the death of Colonel Ensley in 1891. The economic panic of 1893 resulted in the dissolution of the land company. The entire property was sold at sheriff's auction for less than $16,000. Read more at https://en.wikipedia.org/wiki/Ensley_(Birmingham)
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.
Ebay ID: labarre_galleries