New England Telephone & Telegraph Co. 1883 I/C Stock Certificate Signed by Theodore Vail

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:120.00 USD Estimated At:200.00 - 350.00 USD
New England Telephone & Telegraph Co. 1883 I/C Stock Certificate Signed by Theodore Vail
130.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2021 May 26 @ 19:43UTC-4 : AST/EDT

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New York, 1883. 9 Shares I/C Capital Stock Certificate, S/N A 73, Black text with black border. POCs and cancelled stamp at top center. Fine condition. Signed by Theodore Vail as President. The New England Telephone and Telegraph Company was a very early company set up to develop the then-new telephone. New England Telephone and Telegraph merged with the Bell Telephone Company (which was started on the basis of holding "potentially valuable patents"), on February 17, 1879, to form the National Bell Telephone Company, at which time Theodore Vail took over its operations. The National Bell Telephone Company merged with others on March 20, 1880 to form the American Bell Telephone Company. The American Bell Telephone Company was later purchased by its own subsidiary, American Telephone & Telegraph (AT&T) on December 30, 1899. Thus, share ownership of New England Telephone and Telegraph evolved into ownership of AT&T. Theodore Newton Vail (July 16, 1845 _ April 16, 1920) was the first president of American Telephone & Telegraph (AT&T) between 1885 and 1889, and again from 1907 to 1919. Vail saw telephone service as a public utility and moved to consolidate telephone networks under the Bell system. In 1913 he oversaw the Kingsbury Commitment that led to a more open system for connection. When Vail passed away, telephone service across the United States was halted for one minute on the morning of April 18, 1920, while his funeral was being conducted in Parsippany, New Jersey. From 11:00 to 11:01, Eastern time, A T & T telephone operators disconnected calls.