Estey-Welte Corp. - 1927 dated Stock Certificate - Unique Piano Vignette - Organ Maker
Inv# GS6649
Stock
Stock printed by Hamilton Bank Note Co.-New York. Attractive vignette! The Estey Organ Company was an organ manufacturer based in Brattleboro, Vermont, founded in 1852 by Jacob Estey. At its peak, the company was one of the world's largest organ manufacturers, employed about 700 people, and sold its high-quality items as far away as Africa, Great Britain, Australia, and New Zealand. Estey built around 500,000 to 520,000 pump organs between 1846 and 1955. Estey also produced pianos, made at the Estey Piano Company Factory in New York City.
Jacob Estey (1814–1890) born in Hinsdale, New Hampshire, ran away from an orphanage to Worcester, Massachusetts, where he learned the plumbing trade. In 1835 he arrived in Brattleboro, Vermont at age 21 to work in a plumbing shop. He soon bought the shop, beginning a long career as a successful businessman. He died in 1890. Read more at https://en.wikipedia.org/wiki/Estey_Organ
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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