Lehigh Coal and Navigation Co. issued to Buffett Partnership Limited - 1963 dated Josiah White & Erskine Hazard Vignette Stock Certificate
Inv# MS1032D Stock
Stock printed by American Bank Note Company. Portrait vignettes of two gentlemen. An important company incorporated in 1822.
Tweedy, Browne Company LLC is a prominent American investment advisory and fund management firm, founded in 1920 and headquartered in Stamford, Connecticut. As of December 2012, the firm oversaw approximately $13 billion in separate accounts and managed four mutual funds. It is particularly known for its focus on value investing, a strategy shaped by the principles of Benjamin Graham, and has gained recognition for its early collaboration with Warren Buffett during the formative years of his investment career. Tweedy, Browne is frequently acknowledged as "the oldest value investing firm on Wall Street."
In the initial phases of his investment journey, Warren Buffett, who was mentored by Benjamin Graham, maintained a significant relationship with Tweedy, Browne. He selected the firm as his primary brokerage for Buffet Partnership, Ltd. (1956-1966) and acquired his first shares of Berkshire Hathaway through their services.
The Lehigh Coal and Navigation Company (LCAN), which operated from 1988 to 2010, was a contemporary anthracite coal mining enterprise located in Pottsville, Schuylkill County, Pennsylvania. The company acquired numerous properties from the original Lehigh Coal & Navigation Company (LC&N) and revitalized the historic brand. LCAN primarily conducted strip mining activities in the Panther Creek Valley, situated east of Lansford along U.S. Route 209, and held substantial interests in the coal regions surrounding Tamaqua, Coaldale, and Lansford. These properties were historically linked to earlier enterprises, including the Lehigh Coal Mine Company (1792–1822) and the original Lehigh Coal & Navigation Company (Old Company, LC&N), both of which were pivotal to the American Industrial Revolution.
Josiah White (1781–1850) was a notable industrialist from Pennsylvania and a significant contributor to the American Industrial Revolution. Together with his partner Erskine Hazard (1790–1865), who joined him around 1810, White played a vital role in the advancement of steam power and rail transportation. Their contributions were essential in transforming the Northeast U.S. from an agrarian economy into an industrial stronghold, thereby establishing the foundation for America's rise as a dominant global economic force.
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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