Smith Brothers, Inc. signed by Gradsons of the Inventors - Cough Drops Co. Stock Certificate
Inv# GS1237A Stock
New York
Stock signed by R.L. Smith and W.W. Smith, the grandsons of the Inventors of Smith Brothers Cough Drops. Employees certificate with small box of cough drops with portraits of Smith brothers. Famous US company.
William Wallace and Andrew Smith (1830-1913) (1836-1895) William Wallace Smith and Andrew Smith – Smith Brothers Cough Drops The Smith Brothers were makers of cough drops. William Wallace Smith I and Andrew Smith were the sons of James Smith (c1800-1866) of Poughkeepsie, New York. James' family had emigrated from Fifeshire, Scotland, in 1831, and James had emigrated from St. Armand, Quebec in 1847. In New York, he opened a small restaurant, ice-cream parlor, and candy business, called "James Smith and Son". James Smith bought a cough drop recipe from a peddler named Sly Hawkins. In 1852, James developed lozenges and advertised them in the Poughkeepsie paper selling them to those "afflicted with hoarseness, cough or colds".
William and Andrew inherited the business after their father died in 1866. The brand was then named "Smith Brothers Cough Drop". In 1872, to prevent drug stores from selling generic lozenges, they developed one of the first factory filled packages with trademark branding. On the packaging the word "Trade" appeared under the picture of William and the word "Mark" under that of Andrew, they were then incorrectly referred to as Trade Smith and Mark Smith.
Andrew died in 1895, and William continued as president of the company almost up to his death in 1913. William was succeeded by his son, Arthur G. Smith (c1875-1936), who continued to expand the company by adding menthol drops (1922), cough syrup (1926) and wild cherry drops (1948). Arthur G. Smith had two sons: William Wallace Smith II (1888-1955) and Robert Lansing Smith (1891-1962). The trust funds that owned Smith Brothers stock in 1963 merged their company with Warner-Lambert. The last Smith Brothers Cough Drop manufactured in Poughkeepsie was made in 1972. They were thereafter manufactured by F & F Foods in Chicago, Illinois.
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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