Remington Rand Inc. - 1930's-1950's dated Stock Certificate
Inv# GS7025
Stock
New Jersey
New York
Stock printed by American Bank Note Company. Available in Red, Brown or Olive. Please specify color.
Remington Rand Inc. was established in 1927 through a significant merger orchestrated by James Rand Jr. This consolidation united the Remington Typewriter Company, Rand Kardex Bureau, and several other prominent office equipment manufacturers of the time. By merging forces, the newly formed corporation emerged as a dominant force in the business machines industry. Throughout the 1930s and 1940s, the company expanded its product range beyond standard typewriters and filing systems. They successfully produced adding machines, electric shavers, and crucial military equipment, including the M1911A1 pistol, during World War II.
In 1950, Remington Rand secured its place in technological history by acquiring the Eckert-Mauchly Computer Corporation. This strategic acquisition enabled Remington Rand to introduce the UNIVAC I in 1951, which became the world’s first commercially available electronic computer. The groundbreaking machine famously predicted the landslide outcome of the 1952 U.S. presidential election on live television, solidifying the company’s reputation as a pioneer of the digital age. In 1955, Remington Rand merged with the Sperry Corporation to form Sperry Rand, combining its computing expertise with Sperry’s advanced aviation and electronic systems.
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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