National Metropolitan Bank of Washington Issued to and Signed by George H. Harries - Stock CertificateInv# AG2584 Stock
Stock issued to and signed by George H. Harries on back.
George Herbert Harries (September 19, 1860 – September 29, 1934) was an American businessman and newspaper editor. After leaving journalism for a business career, he served as president of the Metropolitan Railroad Corporation, Washington and a vice president of the Washington Railway and Electric Company. A longtime vice president of the H. M. Byllesby and Company engineering and management consulting firm, he served as president of several Byllesby affiliates while restoring them to profitability, including the Louisville Gas and Electric Company and the Fargo and Moorhead Street Railroad Company.
Harries was also a longtime member of the National Guard. A veteran of the American Indian Wars, Spanish–American War, and World War I, he attained the rank of major general. He was a recipient of the Army Distinguished Service Medal and Navy Distinguished Service Medal.
In 1895, Harries left journalism for a career in business when he was appointed president of Washington's Metropolitan Street Railway Company. The company had a reputation for poor service and was experiencing a prolonged labor strike when Harries took over, and within two years he had succeeded in restoring it to profitability. From 1896 to 1900, Harries was affiliated with the Washington Board of Trade, first as secretary, and later as president.
When the Washington Railway and Electric Company was formed in 1900, Harries was appointed vice president, and he served in this position until 1911. In 1911, he joined Chicago's H. M. Byllesby and Company as a vice president. The Byllesby company was an engineering and management consulting firm with utility and transportation interests in more than 100 cities and towns throughout the United States. Harries specialized in reorganizing failing companies and restoring them to profitability, and the corporations of which he served as president while performing this function for Byllesby included: the Louisville Gas and Electric Company; Arkansas Valley (Colorado) Railway, Light and Power Company; Fargo and Moorhead Street Railway Company; Nebraska Power Company; and Council Bluffs (Iowa) Gas & Electric 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.