Webster Coal and Coke Co. - 1900-1946 dated Pennsylvania Mining Stock Certificate
Inv# MS1063 Stock
Stock. Two mining vignettes with elaborate borders. A.G. Edwards signs as treasurer. Revenue stamps. Rare!!! Nice!!! In 1901, General Electric Co. builds the first alternating current power plant at Ehrenfeld, Pennsylvania, for Webster Coal and Coke Co., to eliminate inherent difficulties in long-distance direct-connect transmission. Read more at https://blog.midwestind.com/wp-content/uploads/2017/11/coal_timeline.pdf
A. G. Edwards was a financial backer of this company. Albert Gallatin Edwards (October 15, 1812 – April 19, 1892) was an Assistant Secretary of the U.S. Treasury under President of the United States Abraham Lincoln and founder of brokerage firm A. G. Edwards. Edwards was born in Kentucky in 1812 and named after Secretary of the Treasury Albert Gallatin. His father was Illinois Governor and U.S. Senator, Ninian Edwards. He graduated from West Point and was stationed near St. Louis, MO. There he met Louise Cabanne, the daughter of a prominent St. Louis Family, whom he married in 1835. Following his marriage, Edwards resigned from the military and entered the wholesale business. Edwards fought for the Union during the American Civil War and was rewarded for his effort by President Lincoln who named him United States Assistant Secretary of the Treasury in April, 1865. Later, in 1887, at the age of 75, he founded the brokerage firm that bore his name, A. G. Edwards, which was absorbed into Wachovia in 2007. He is buried at Bellefontaine Cemetery in St. Louis. Read more at https://en.wikipedia.org/wiki/Albert_Gallatin_Edwards
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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