Puget Sound and Alaska Steamship Co. issued to and signed by Charles L. Colby and Gardner Colby- Stock CertificateInv# AG2104 Stock
Stock issued to and signed by Charles L. Colby. Also signed by Gardner Colby on back. Only 17 issued! Rare!
Gardner Colby (1810–1879) was a prominent businessman and Christian philanthropist. He is the namesake of Colby College in Maine and the town of Colby, Wisconsin. Colby was born in Bowdoinham, Maine in 1810 and spent part of his childhood in Waterville, Maine. His father, Josiah Colby, died in 1814 after having lost his fortune during the War of 1812, and Josiah Colby had spent time manufacturing gunpowder in Waterville before his death. To aid Colby's mother, Jeremiah Chaplin, a Baptist minister who served as the first President of Waterville College (later Colby College) arranged for the Colby family to operate a store in Charlestown, Massachusetts. Gardner Colby eventually started his own store in Boston and became involved in various other businesses including railroads, shipping and manufacturing. As a lifelong Baptist, Colby was very involved in various Christian causes. During the Civil War in 1864 the college in Waterville was facing hardships, so Colby made the first of several large donations to the college and it was subsequently renamed "Colby University" in his honor. He served as a trustee from 1864 to his death and many of his descendants became involved with the school. Colby also served as treasurer and made several large donations to what is now Andover Newton Theological School, which was a Reformed seminary located near Colby's home in Newton, Massachusetts.
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.