1084

Westinghouse Electric & Manufacturing Co., 1907 Specimen Bond Payable in Francs and Pounds.

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:65.00 USD Estimated At:120.00 - 240.00 USD
Westinghouse Electric & Manufacturing Co., 1907 Specimen Bond Payable in Francs and Pounds.
SOLD
85.00USDto floor+ buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Dec 10 @ 15:07UTC-4 : AST/EDT
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New York. August 1, 1907. Fcs.500 = £20. Specimen 10 Year 5% Collateral loan Coupon Bond, Black print on gray-blue border and under tint on large sized certificate, Printed in French and English, Allegorical women at top flanking generator, Specimen overprints and POC's, VF condition, ABNC. Organized in 1886 as the Westinghouse Electric Company with a force of 200 men, the name of the company later became the Westinghouse Electric & Manufacturing Company. By 1904, the number of workers grew to 9,000 at the main plant with 3,000 additional employees in branch factories. It became the largest of the Westinghouse companies and was thought to be the largest and most modern workshop in the world at the time the American Mutoscope & Biograph Company filmed its operations. The Engineering Department alone employed 350 mechanical and electrical experts. The main function of the Electric & Manufacturing Company was to develop and produce "apparatus for the generation, transmission and application of alternating current electricity." (The Westinghouse Companies in the Railway & Industrial Fields, 1905) The company also produced electric railway motors, producing approximately 75,000 by 1905. Historic bond from this famous company.