San Francisco and San Joaquin Valley Railway Co. signed by B. Spreckles - Stock Certificate
Inv# AG1874 Stock
Stock signed by B. Spreckels. Large size stock measures 19" x 12 1/4" including stub at left.
Adolph Bernard Spreckels (January 5, 1857 – June 28, 1924) was a California businessman who ran Spreckels Sugar Company and who donated the California Palace of the Legion of Honor art museum to the city of San Francisco in 1924. His wife Alma was called the "great grandmother of San Francisco". His 55-room mansion, built in 1913 in Pacific Heights is the current home of novelist Danielle Steel. Spreckels was born in San Francisco, California. His parents were Anna Christina Mangels and Claus Spreckels, founder of the Spreckels Sugar Company. At the age of 12, Adolph studied abroad in Hanover, Germany for two years, returning to San Francisco to finish his studies. When the company was founded in 1881, he was named a vice-president. Spreckels succeeded his father as company president upon the latter's death in 1908. He was intensely loyal to both his father and his brother John. In 1884, he shot Michael H. de Young, co-founder of the San Francisco Chronicle, supposedly because of an article in that newspaper suggesting his sugar company defrauded its shareholders. Spreckels pleaded temporary insanity to the charge of attempted murder and was acquitted. The California Palace of the Legion of Honor was championed by his wife Alma and paid for from the Spreckels fortune. It was merged with the M. H. de Young Memorial Museum in 1972 to become the Fine Arts Museums of San Francisco. Besides the sugar company, Spreckels was president of the San Francisco and San Mateo Electric Railway, vice-president of both the Western Sugar Company and the Oceanic Steamship Company, as well as a director of the Sunset Monarch Company. In addition to his business enterprises, Spreckels served as a San Francisco Park Commissioner and was heavily involved in the development of Golden Gate Park. Spreckels Lake, in the park, is named after him. Spreckels Organ Pavilion in San Diego's Balboa Park, housing the largest outdoor pipe organ in the world, was also built by Spreckels and his brother John. Furthermore, his brother John commissioned Spreckels Organ in honor of Adolph, who died before it was completed.
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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