Hofgaard-Remington Corporation - 1931 dated Stock Certificate
Inv# GS2054 Stock
Graphics by Broun-Green Co., Inc. Signed by Brigadier Gen. Robert Condon as Treasurer. Condon served in various government positions under Presidents Wilson, Hoover, and Roosevelt.
The Hofgaard-Remington Corporation appears to be a historical business venture or a collaboration related to the development of office machines in the mid-20th century, specifically a partnership between Norwegian inventor Rolf Hofgaard and the American company Remington.
Hofgaard's patents, filed between 1924 and 1955, covered electromechanical calculators and office automation. For a period, he ran a development laboratory in partnership with the prominent American office machine company, Remington Rand. A prototype machine from this venture, which never reached commercial production, is now part of the collection at The Norwegian Museum of Science and Technology. Though not widely known, the collaboration represents an attempt to integrate advanced mathematics, mechanics, and electronics for early office automation purposes.
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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