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Lehigh Coal and Navigation Co. - 1940-50's dated Josiah White & Erskine Hazard Vignette Stock Certificate

Inv# MS1032   Stock
State(s): Pennsylvania
Years: 1940-50's
Color: Brown, Blue, Green or Orange

Stock printed by American Bank Note Company. Portrait vignettes of two gentlemen. An important company incorporated in 1822. The Lehigh Coal and Navigation Company (LCAN) (1988–2010) was a modern-day anthracite coal mining company headquartered in Pottsville, Schuylkill County, Pennsylvania, U.S. which acquired many of the 'Old Company' (LC&N) properties and re-launched the Lehigh Coal Companies brand in 1988. The LCAN ran strip mining operations in the Panther Creek Valley east of Lansford along U.S. Route 209; with vast properties dominating the coal areas of Tamaqua, Coaldale, and Lansford. These properties are largely the same real estate assets as were acquired in the Panther Creek Valley by the predecessors: the haphazard Lehigh Coal Mine Company (1792-1822) and the builders of the Lehigh Canal and first American blast furnaces, the Lehigh Coal & Navigation Company (Old Company, LC&N), which spearheaded the U.S. Industrial revolution. The new company was incorporated in 1988 acquiring LC&N assets after bankruptcy proceedings, taking the name of the original. Read more at https://en.wikipedia.org/wiki/Lehigh_Coal_and_Navigation_Company

Josiah White (1781–1850) was a Pennsylvania industrialist and key figure in the American Industrial Revolution. Read more at https://en.wikipedia.org/wiki/Josiah_White

Erskine Hazard (1790-1865), a younger son of the first U.S. Postmaster Ebenezer Hazard, became the partner of Josiah White about 1810 when around 19 years old. White and Hazard together established spearheaded efforts that enabled the Industrial Revolution, the advancement of steam power, and of railroading, creating the infrastructure and business climate to accelerate the Northeast U.S. out of an agrarian society to the industrial power that served as a foundation for the rise of the United States as the world's foremost economic power. Read more at https://en.wikipedia.org/wiki/Erskine_Hazard

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Condition: Excellent

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.
Price: $10.00