George W. Westinghouse - East End Electric Light Co - Stock CertificateInv# AG1150
George W. Westinghouse (1846-1914), Inventor, manufacturer. Joined the Army and later the Navy during the Civil War. Working in his father’s shop in 1865, he obtained his first patent for a rotary steam engine. Later in the year, he also secured patents on a car-replacer for putting derailed freight cars onto the track, and in 1868 and 1869 he developed a railroad frog. In 1869, the Westinghouse Air Brake Company was incorporated. This air brake invention was of revolutionary importance. It made high speed railroad travel safe. Later, he became involved with electricity and the Westinghouse Electric Co. contracted to light the Chicago World’s Columbian Exposition and to develop the power of Niagara Falls. This 1890’s East End Electric Light Co. stock is transferred at back to George Westinghouse (not signed) along with others. Westinghouse was a serious stockholder in this company. Neatly hole cancelled, stub at left. Excellent Condition. Rare!
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.
Item ordered may not be exact piece shown. All original and authentic.