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DANVILLE BESSEMER CO Stock 1903 Danville, PA Became Algoma Steel Sault Ste Marie
DANVILLE BESSEMER CO Stock 1903 Danville, PA Became Algoma Steel Sault Ste Marie

DANVILLE BESSEMER CO Stock 1903 Danville, PA Became Algoma Steel Sault Ste Marie

$ 5.25

Availability: 93 in stock
  • Item must be returned within: 14 Days
  • Restocking Fee: No
  • All returns accepted: Returns Accepted
  • Return shipping will be paid by: Buyer
  • Refund will be given as: Money Back

    Description

    Danville Bessemer Company. Stock issued November 17, 1903. Incorporated in 1899 in the State of New Jersey.
    Embossed company seal lower left. Certificate
    No. A4347
    was issued to Marie Racine Martinez Cardeza for 100 shares of capital stock ( per share). Company capital was
    ,200,000
    . Hand signed by company
    president John J. MacDonald
    and
    treasurer Horatio N. Day
    . Certificate is about 8” x 11.5.” Black print with dark-brown borders and underprint. Vignette with eagle on crest.
    The Danville Bessemer Company was formed in 1899 to manufacture primarily steel rails for railroad tracks in a mill in Danville, Pennsylvania. In September of 1900, the Danville Bessemer plant came under new ownership, from the Lake Superior Iron and Steel Company of Sault Ste. Marie, Ontario. This was one of the companies, along with Algoma Commercial Company, Algoma Iron Works, Algoma Steel Company, and Lake Superior Power Company, that would ultimately combine to become the Algoma Steel Corporation. In 1900 under new ownership, the Danville Bessemer mill in Danville was dismantled, with machinery was relocated to Sault Ste. Marie. The Danville Bessemer Company officially dissolved in 1903, amidst a scandal involving illegal profits: the plaintiffs accused Danville Bessemer representatives of profiting hundreds of thousands of dollars at the expense of the stockholders.
    Condition:  Very Fine++
    , two very light vertical folds, minor creasing, no tears, light signs of wear/handling/toning (see photos),
    uncancelled.
    Printer:
    E. A. Wright, Philadelphia.
    PAYMENT AND SHIPPING
    Please read certificate d
    escription details shown above before bidding.
    Please contact me with any questions before bidding.
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    and accepted credit cards
    only.
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    Items typically shipped within two days of payment.
    RETURNS AND GUARANTEE
    :
    Buyer satisfaction and authenticity of certificate is guaranteed – returns are accepted with 14 days of purchase (buyer pays return shipping cost unless item received is not as described in this listing).
    All certificates are originals – no reproductions.