Great Northern Nekoosa Corporation - 1970's dated Stock Certificate - Famous Paper Co.
Inv# GS6316 Stock
Great Northern Paper Company was a Maine-based pulp and paper manufacturer that at its peak in the 1970s and 1980s operated mills in Arkansas, Georgia, Maine, and Wisconsin and produced 16.4% of the newsprint made in the United States. The company was acquired by Georgia-Pacific Corporation in 1990. Its name was revived in 2011 when private equity firm Cate Street Capital acquired Great Northern's original Maine mills.
The company got its start when the Maine legislature authorized Charles W. Mullen to form a water power company on the West Branch Penobscot River. Mullen had observed the 110-foot (34 m) drop of the West Branch Penobscot River at Grand Falls in 1891 while surveying a route for the Bangor and Aroostook Railroad. He later worked with Garret Schenck, part owner of the Rumford Falls Paper Company, to build a paper mill in Millinocket, Penobscot County, Maine on the river. Schenck formed the Northern Development Company in 1897.
The Millinocket plant produced its first roll of newsprint on 9 November 1900. A second mill in Madison opened in 1906. A third one opened in East Millinocket in 1907, which also had its own dam and hydroelectric facility. Financiers of the corporation included Oliver Payne and William Collins Whitney. Read more at https://en.wikipedia.org/wiki/Great_Northern_Paper_Company
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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