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Tobacco Products Corporation - Cigars & Cigarettes - 1920's-30's dated Stock Certificate - Involved with J. P. Morgan and US Steel

Inv# TC1014   Stock
State(s): Virginia
Years: 1920's-30's

Tobacco Stock. 2 varieties, one with 3 tobacco pickers, the other with 2 tobacco pickers. Becoming scarce!!! Popular!!! Available in Brown, Green, Orange, Blue or Olive. Please specify color.

Daniel Gray Reid (August 1, 1858 – January 17, 1925) was a distinguished American industrialist and financier, often referred to as the "Tinplate King." He began his professional journey in banking, starting as a messenger boy at the Second National Bank, where he acquired essential business acumen and eventually advanced to the position of teller before leaving the bank in 1895. In 1892, Reid became associated with The American Tin Plate Company, which operated a major facility in Elwood, Indiana. In collaboration with William B. Leeds, he took over the tin plate mill and was instrumental in the consolidation of the tin plate sector. His initiatives culminated in the establishment of The American Tin Plate Company, where he held the position of president.

In 1901, J.P. Morgan integrated the tinplate trust into the United States Steel Corporation, reportedly for a sum of $18 million, at which point Reid became a member of the board of this steel conglomerate. In addition to his achievements in the tinplate sector, Reid also gained control over the American Can Company and the Chicago, Rock Island & Pacific Railroad. In 1912, he further broadened his influence by founding the Tobacco Products Corporation in collaboration with prominent individuals such as Henry Clay Frick and John D. Ryan. His significant contributions across various industries and his involvement in major consolidations established him as a key figure in the industrial and financial landscape of early 20th-century America.

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: $16.50