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New England Telephone and Telegraph Co. - Stock Certificate

Inv# TT1048   Stock
New England Telephone and Telegraph Co. - Stock Certificate
State(s): New York
Years: 1960's
Color: Brown or Green

Stock printed by American Bank Note Company. Please specify color.

The New England Telephone and Telegraph Company was a very early company set up to develop the then-new telephone.

New England Telephone and Telegraph lasted only a year as a separate entity, from 1878 to 1879, and had no direct relationship with the later company of the same name, which after the breakup of the Bell System in 1984 became part of the NYNEX Corporation, now part of Verizon.

The New England Telephone and Telegraph Company was formed February 12, 1878, by investors in the states of Massachusetts and Rhode Island at the behest of an agent of Gardiner Greene Hubbard, the father-in-law of telephone inventor Alexander Graham Bell.

New England Telephone and Telegraph merged with the Bell Telephone Company (which was started on the basis of holding "potentially valuable patents"), on February 17, 1879, to form the National Bell Telephone Company, at which time Theodore Vail took over its operations. The National Bell Telephone Company merged with others on March 20, 1880 to form the American Bell Telephone Company.

The American Bell Telephone Company was later purchased by its own subsidiary, American Telephone & Telegraph (AT&T) on December 30, 1899. Thus share ownership of New England Telephone and Telegraph evolved into ownership of AT&T. AT&T would later undergo mergers with SBC Communications and BellSouth to become The New AT&T.

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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: $75.00