Holbrook Merrill and Stetson - 1880's dated Unissued Stock Certificate - Hardware Company
Inv# GS5744 Stock
Unissued Stock. The Wholesale District or Warehouse District in Downtown Los Angeles, California, has no exact boundaries, but at present it lies along the BNSF and Union Pacific Railroad lines, which run parallel with Alameda Street and the Los Angeles River. Except for some ancillary commercial uses, its cityscape is mostly occupied by warehouses and refrigerated storage facilities. This area is known as Central City North in the Los Angeles city zoning map.
In 1906, A two-story brick building occupied by the Holbrook, Merrill and Stetson Hardware Company, which took up nearly half the south side of the 200 block of Los Angeles Street, was severely damaged in a three-alarm fire in the early-morning hours of June 20, 1906. A newspaper account reported that "The female inmates of places nearby had a big scare. They took to the streets in their light attire and refused to re-enter their rooms for a long time. . . . Five companies responded . . . and two more as soon as they could make the run to the wholesale district." Read more at https://en.wikipedia.org/wiki/Wholesale_District,_Los_Angeles#First_and_Alameda
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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