A.C. Smith Watch Co. 1890's Specimen Stock Certificate.

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:100.00 USD Estimated At:180.00 - 280.00 USD
A.C. Smith Watch Co. 1890's Specimen Stock Certificate.

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New Jersey. -Odd Shrs Stock Certificate. Specimen. Image of clock face in middle. Black on brown border and underprint, POCs. Very Fine. ABNC. Upon the Non-Magnetic Watch Co. of America being placed into the hands of a receiver, A.C. Smith, and others, they immediately formed the Paillard Non-Magnetic Watch Co. The stated purpose of the new company (according to their August 1890 trade journal ad) was "... continuing the manufacture and sale of non-magnetic watches containing Paillard's inventions. ... The Paillard Non-Magnetic Watch Co. are licensees under the Paillard patents and no other organization possesses the right to use them. ..." However, Mr. Smith and his partners were a little premature with this ad. The Non-Magnetic Watch Co. was bought out by the A.C. Smith Watch Co. in August 1894 as seen in a press release published on August 8, 1894 and an ad printed September 5, 1894. Shortly thereafter, the A.C. Smith Watch Co. brought out a line of Swiss-made movements under the Princeton name and, "to make room for regular movements ...," discontinued the sale of complete (cased) Paillard Non-Magnetic (and other) watches. Historic and early watch company certificate.